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Integra Resources Results Include 138 Metres at 0.32 G/T AU and 128 Metres at 0.36 G/T AU, Highlighting Near Mine Growth and Mine Life Extension Potential

$ITR.V

Market Chatter: Sinochem Warns of Legal Action Against Italy's Ownership, Board Membership Limits on Pirelli

Sinochem International (SHA:600500) said it could seek legal redress against Italy's curbs to limit the company's influence in tire manufacturer Pirelli, Reuters reported Monday, citing a statement issued by Sinochem unit Marco Polo International Italy.Limits issued by Prime Minister Giorgia Meloni's office curbs included cutting the number of Sinochem representatives in Pirelli's board to three from eight, as long as the Chinese company's stake remains above 9.99%."The company expresses its deep regret regarding this decision and reserves the right to pursue all necessary legal remedies to safeguard its legitimate shareholder rights and interests," Reuters quoted Sinochem as saying.Sinochem is the largest shareholder in Pirelli with 34%, while Camfin holds 26%, the report said.Pirelli and Camfin called for restrictions against Sinochem as its Chinese links could complicate the tire company's U.S. expansion, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SHA:600500

RBC Downgrades NOV to Sector Perform From Outperform, Keeps $21 Price Target

NOV (NOV) has an average rating of hold and mean price target of $20.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$NOV

Treasury133d ago

SocGen's Overnight Economic News Summary

Societe Generale in its early Tuesday economic news summary pointed out:-- Brent dips below $100/barrel, US dollar (USD) offered, 10-year United States Treasury retraces below 4.30%. Sources: President Trump officials are internally discussing details for a potential second, in-person meeting with Iranian officials before the ceasefire expires next week.Treasury Secretary Bessent: The Federal Reserve is doing the right thing by sitting and watching how the Iran conflict plays out. Bessent adds the economic data was very strong in January-February, expects inflation surge to be transitory -- Semafor.China's trade surplus plunged to $51.1 billion in March from $91.0 billion in February. Exports slowed sharply to 2.5% year over year versus the January-February average of 21.8% -- likely more holiday distortion than Middle East conflict. Q1 exports up 14.7% versus 5.5% in 2025.Day ahead: Federal Reserve speakers Goolsbee, Barr, Paulson. U.S. producer price index, weekly ADP. European Central Bank speakers Lagarde and Makhlouf. Bank of England's Mann, Bailey and Greene. The International Monetary Funf publishes WEO update.Nikkei +2.3%, EUR 10-year IRS -3.5bps at 3.08%, Brent crude -1% at $98.4/barrel, Gold +0.7% at $4,766/oz.

$CXY$EUR$USD

Zhejiang Jianfeng Gets Regulatory Nod for Combination Diabetes Drug

Zhejiang Jianfeng Group (SHA:600668) unit Jianfeng Pharmaceutical obtained marketing and manufacturing approval from China's drug regulator for metformin and empagliflozin tablets.The combination therapy is used for type 2 diabetes, according to a Tuesday filing with the Shanghai bourse.The registration is valid for 24 months.Shares of the pharmaceutical company closed 2% lower Tuesday.

SHA:600668

Market Chatter: China's Economy Rebounds in Q1 But Outlook Darkens on Global Risks

China's economy likely picked up pace early in 2026, buoyed by resilient exports, but momentum is set to fade as geopolitical tensions weigh on demand, a Reuters poll showed.Economists forecast first-quarter gross domestic product growth at 4.8% year-on-year, up from 4.5% in Q4 2025, according to the Monday report.Expansion is seen easing to 4.7% in Q2, with full-year growth at 4.6%, Reuters wrote.While energy buffers have softened the impact of the Iran crisis, higher oil prices are squeezing margins and threatening exports, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE

Market Chatter: Indonesia Bonds Under Pressure as Risk Aversion Rises After Iran-US Talks Stall

Indonesia's government bond market may see fresh pressure as heightened geopolitical risks after stalled Iran-US peace efforts weigh on investor sentiment and prompt a broader shift away from emerging-market debt, The Jakarta Globe reported Monday.Market observers say this could lead to higher borrowing costs as investors seek stronger returns in safer assets, including US government securities, amid elevated global uncertainty. Economist Yusuf Rendy Manilet of CORE Indonesia said the situation reflects broader risk aversion in global markets rather than the negotiations themselves, and could keep yields elevated in the near term, according to the report.He estimated the benchmark 10-year government bond yield, currently near 6.6%, could edge up to around 6.8%, although domestic fundamentals and Bank Indonesia's policy support are expected to limit downside risks, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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RBC Initiates Charles River Laboratories International at Outperform With $215 Price Target

Charles River Laboratories International (CRL) has an average rating of overweight and mean price target of $203.93, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$CRL

Integra Resources Announcing Results From Near Mine Oxide Gold Drilling at Florida Canyon

$ITR.V

RBC Initiates Janus Living at Outperform With $27 Price Target

Janus Living (JAN) has an average rating of buy and mean price target of $27.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$JAN

S&P/TSX CompositeS&P/TSX Composite$CXY

KeyBanc Initiates Janus Living at Overweight With $28 Price Target

$JAN

Equities133d ago

Citigroup Adjusts Price Target on EOG Resources to $142 From $150, Maintains Neutral Rating

EOG Resources (EOG) has an average rating of overweight and mean price target of $153.97, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$EOG

International133d ago

Market Chatter: Canada's Liberals Secure Majority Government

Prime Minister Mark Carney's Liberals secured a majority government Monday following byelection wins in two Toronto-area ridings, Scarborough Southwest and University-Rosedale, CTV News is reporting.Then, the report noted, in the early morning on Tuesday, just after midnight ET, they won the Quebec riding of Terrebonne, where the Liberals and Bloc Quebecois were neck-and-neck.According to CTV News, the result in Ontario was largely expected. Both of them are considered Liberal strongholds. Physician and health-care executive Danielle Martin took University-Rosedale, and former provincial NDP deputy leader Dolly Begum won Scarborough Southwest. Tatiana Auguste clinched the win for the Liberals in Quebec, taking a traditional Bloc Quebecois riding for the Liberals.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Condor Energies Launches C$15 Million Bought Deal Offering of Common Shares

Condor Energies (CDR.TO) late on Monday said it has entered into an agreement with underwriters for the sale of 5.8 million of its common shares on a "bought deal" basis for gross proceeds of up to C$15 million.Under the agreement with Canaccord Genuity and Research Capital as co-lead underwriters and joint bookrunners, the common shares will be acquired at a price of $2.60 apiece with an option to purchase up to an additional 865,500 common shares at the offering price.The overallotment option is exercisable for a period of 30 days after and including the closing date. If exercised in full, the overallotment option would result in additional gross proceeds of about $2.3 million.Net proceeds will be used to continue development of Condor's natural gas fields in Uzbekistan, including enhancing field compression, and general corporate purposes.The offering is scheduled to close on April 21, or at a later date as determined by the underwriters and the company, subject to certain conditions including regulatory approvals and the approval of the Toronto Stock Exchange.The company has agreed to pay to the underwriters a cash commission equal to 6% of the gross proceeds of the offering.

$CDR.TO

Oil & Energy133d ago

3 Vessels Under US Sanctions Pass Through Hormuz Strait Despite US Blockade, Reuters Analysis Shows

Three vessels under US sanctions have passed through the Strait of Hormuz since the US blockade on vessels calling at Iranian ports began on April 13, according to shipping data cited by Reuters Tuesday.The Iran-linked tankers were not heading to Iranian ports, hence were not covered by the blockade that began at 10 a.m. EDT on Monday, according to the report.LSEG data cited by the news agency showed that the latest vessel moving through the Strait was Panama-flagged Peace Gulf. The medium-range tanker was heading to the UAE's Hamriyah port.Kpler data reportedly showed that Peace Gulf typically moves Iranian naphtha to other Middle Eastern ports for export to Asia.Prior to this, handy tanker Murlikishan, formerly known as MKA and reportedly involved in the Russian and Iranian oil trade, was seen heading to Iraq to load fuel oil on April 16.China-bound tanker Rich Starry was the first to exit the Strait on Tuesday, having loaded 250,000 barrels of methanol from the UAE's Hamriyah port.Both the tanker and its owner Shanghai Xuanrun Shipping were placed under US sanctions for links to the Iranian oil trade.The US Department of the Treasury's Office of Foreign Assets Control, responsible for enforcing economic and trade sanctions, did not immediately respond to' request for comment.

Morgan Stanley Initiates Janus Living at Overweight With $28 Price Target

$JAN

US Markets133d ago

FedEx Finance Chief to Step Down Upon Freight Operations Spinoff

FedEx (FDX) said its finance chief will step down in early June as the parcel delivery giant completes the spinoff of its freight business into a new publicly listed company.John Dietrich will leave his role as chief financial officer on June 1 and remain with the company until July 31, it said late Monday. Claude Russ, enterprise vice president of finance at FedEx, will serve as interim CFO while the company conducts an internal and external search for a permanent successor to Dietrich.Shares of FedEx edged down 0.6% in Tuesday's most recent premarket activity. The stock has gained 29% so far this year."I want to thank John for his many contributions to the FedEx leadership team over the last several years as we successfully navigated a significant company transformation and delivered on the upcoming spin of our freight business," Chief Executive Raj Subramaniam said in a statement. "As we begin the search for John's successor, I am confident that Claude's wealth of experience will ensure seamless continuity and commitment to advancing our strategy."The separation of FedEx's freight division is expected to complete on June 1.FedEx also reiterated its fiscal 2026 outlook issued in March. At the time, the company expected adjusted earnings to be in a range of $19.30 to $20.10 per share on revenue growth of 6% to 6.5%. The current consensus on FactSet is for non-GAAP EPS of $19.77 and sales of $93.56 billion.The company reaffirmed its targets for 2029 shared at its investor day in February, which included a compound annual growth rate for revenue of 4%.

$FDX

Nasdaq 100 Futures Up 0.4% and S&P Futures Up 0.2%

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