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Lynas Rare Earths Says JPMorgan Chase Ceases to be a Substantial Shareholder

Lynas Rare Earths (ASX:LYC) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from April 9, according to a Tuesday filing with the Australian bourse.JPMorgan Chase and its affiliates became a substantial holder of the company on Feb. 16, with a 5.24% total voting power, an earlier filing showed.

ASX:LYC

Asia133d ago

Elixir Energy Front-Runner in Queensland-Based Taroom Trough, Says Euroz Hartleys

Elixir Energy (ASX:EXR) is a key pick to tap the potential of the Taroom Trough, an emerging onshore oil and gas basin in Queensland that is gaining mainstream attention, Euroz Hartleys said Monday in a note.Queensland Premier David Crisafulli last week led federal officials on a visit to the Taroom Trough with operators including Elixir Energy to highlight the basin's potential as a source of energy security.Elixir, much like the oil giant Shell, which is steering the commercialization of the basin, commenced feasibility work on Friday with APA Group (ASX:APA) on a pipeline linking potential Taroom Trough gas production to the Wallumbilla Gas Hub, improving access to domestic and export markets. Early drilling results from these companies are suggesting encouraging resource potential.Euroz Hartleys is betting on Elixir as the company trades at about half the valuation of basin peer Omega Oil and Gas (ASX:OMA) despite holding the largest net acreage and resource position in the Taroom. Additionally, Elixir holds a 50% stake in the Diona well, a side project close to the Taroom, which could support small-scale and near-term production if testing is successful.Euroz Hartleys maintained its speculative buy rating on Elixir Energy and raised its price target to AU$0.28 from AU$0.19.

ASX:APAASX:EXRASX:OMA

International133d ago

Australian Wage Growth Steady at 3.1% as Labor Market Stays Resilient, CBA Says

Australia's wages rose 0.8% in the March quarter while employment added about 23,000 jobs, pointing to a steady but gradually cooling labor market with wage growth stabilizing near a new baseline, Commonwealth Bank of Australia (CBA) said in a Monday report.Wage growth has remained steady at 3.1% annually, with recent CBA Wage insights indicating that Australia's labor market is beginning to stabilize after an extended period of strong performance."The CBA Wage insights series continues to show wages growth is steady heading into a period of higher inflation and inflation expectations period due to the Middle East conflict," said Belinda Allen, head of Australian economics at Commonwealth Bank.The labor market remains relatively tight with unemployment at 4.3%, while wages growth has stabilized around 3.1% per year, and there is currently no clear response to tightening conditions, though some easing is expected as economic growth slows in 2026, Allen added.Wage growth across Australia remains uneven by region, with Western Australia leading at 3.9% year-on-year in March, while Victoria and Tasmania lag behind amid a softening trend, and other states and territories recording moderate, steady growth.The bank stated that its internal data does not indicate a clear shift in trends for wages or employment, pointing to a broadly stable outlook despite elevated external risks and inflation expectations.

ASX 200ASX:CBA

Asia133d ago

Almonty Industries Relocates Headquarters to US

Almonty Industries (ASX:AII) relocated its corporate headquarters to the US, shifting it to Dillon, Montana, from Toronto, Canada, according to a Tuesday filing with the Australian bourse.The move, which follows Almonty's Nasdaq listing in July 2025, is part of a strategic alignment with the US and reinforces the company's role as America's tungsten supplier, per the filing.The company also recently acquired the Gentung tungsten project in Montana, where production is expected to restart this year.

ASX:AII

Asia133d ago

Domino's Pizza Enterprises Says JPMorgan Chase Reduces Stake

Domino's Pizza Enterprises (ASX:DMP) received notice that JPMorgan Chase and its affiliates decreased their holdings in the company to 8.60% from 9.74%, according to a Tuesday filing with the Australian bourse.JPMorgan Chase and its affiliates now own 8.1 million shares in the company, the filing said.

ASX:DMP

Asia133d ago

Westpac NZ Rolls Out Microsoft AI Tool to Support Customer Conversations

Westpac Banking's (ASX:WBC, NZE:WBC) Westpac NZ has launched a Microsoft platform with built-in AI to support conversations with customers and reduce contact center wait times, the company said Tuesday.Westpac NZ said it is "the first major company in New Zealand" to roll out the Microsoft Dynamics 365 Contact Centre as a Service platform, which will automatically furnish a customer's relevant banking profile and other information for representatives who are talking with a customer."We expect to deploy the product to all our contact centers by August, meaning configuration, delivery, testing and full deployment will have been completed within the space of one year," said Russell Jones, Westpac NZ's chief information officer.

ASX:WBCNZE:WBC

Commodities133d ago

SAF Usage Jumped 430% in 2025, Cathay Pacific Airways Says

Cathay Pacific Airways said its use of sustainable aviation fuel, both in Hong Kong and worldwide, increased by 430% in 2025 compared with the previous year.In its Annual Sustainability Report, Cathay Pacific reported using 36,242 metric tons of SAF in 2025, sourced through partnerships with global SAF suppliers.The company's push to use more SAF follows the Hong Kong SAR Government's decision to set a 1-2% SAF usage target at Hong Kong International Airport by 2030, along with plans for local blending facilities and production plants in the Greater Bay Area, the report stated.For example, Cathay Pacific and Sinopec entered into an agreement to uplift SAF produced in the Chinese Mainland at Hong Kong International Airport. Additionally, the company partnered with SK Energy to secure 20,000 metric tons of SAF supply in South Korea from 2025 to 2027.Cathay Pacific aims to make SAF more accessible and cost-competitive by developing next-generation technology and joining the US$150 million Breakthrough Energy Ventures Fund, a joint venture of the oneworld Alliance and Breakthrough Energy Ventures.

Insider Trading133d ago

Liquidia Insider Sold Shares Worth $5,383,388, According to a Recent SEC Filing

Michael Kaseta, CFO and COO, on April 09, 2026, sold 133,789 shares in Liquidia (LQDA) for $5,383,388. Following the Form 4 filing with the SEC, Kaseta has control over a total of 411,855 common shares of the company, with 411,855 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1819576/000110465926042710/xslF345X05/tm2611705-1_4seq1.xml

$LQDA

Insider Trading133d ago

Liquidia Insider Sold Shares Worth $1,002,888, According to a Recent SEC Filing

Roger Jeffs, Director, Chief Executive Officer, on April 09, 2026, sold 25,000 shares in Liquidia (LQDA) for $1,002,888. Following the Form 4 filing with the SEC, Jeffs has control over a total of 2,705,438 common shares of the company, with 1,142,176 shares held directly and 1,563,262 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1819576/000110465926042711/xslF345X05/tm2611705-2_4seq1.xml

$LQDA

Commodities133d ago

RBC Sees Strong Clean Energy Demand, Flags Tariff, Cost Pressures Ahead

Clean energy stocks are up about 8.5% year-to-date, with strong demand supporting elevated valuations despite policy and geopolitical risks, RBC Capital Markets strategists said in a Friday note.The sector has also gained roughly 5% over the past three months, with sustained demand and lower risk of major policy shifts supporting investor confidence, the report said.RBC expects first-quarter earnings to reflect continued strong demand and positive booking trends, though upside surprises may be limited given expectations are already elevated.Tariff uncertainty and the Iran conflict are shaping key sector debates, including higher freight-driven cost pressures, tax credit market uncertainty, and potential demand impacts, RBC said.Macro conditions remain supportive, driven by rising datacenter demand, longer lead times for gas generation, and a growing solar project backlog, which is up about 4% over the year.Tax credit markets remain a key focus, with prior uncertainty slowing activity in late 2025, though improving clarity is expected to support pricing recovery into 2026, the note said.However, lingering concerns around foreign entity restrictions and low investor risk appetite could weigh on residential solar pricing and financing models, RBC added.Rising oil prices are also creating cost pressures, with US trucking rates up about 35% since year-end 2025, potentially impacting margins, particularly for companies with higher shipping exposure.Freight costs could represent a larger burden for certain firms, with shipping accounting for roughly 9% to 10% of revenue for some compared with 3% to 4% for others, the report said.In Europe, elevated fossil fuel prices and energy security concerns linked to Iran tensions could accelerate renewable adoption, following earlier growth that tripled solar capacity from 2020 to 2023.Policy developments remain critical, with upcoming tariff decisions on solar imports and potential new trade measures expected to influence supply chains and pricing, RBC said.A polysilicon investigation could also impact costs, as China accounts for about 95% of global supply and offers significantly lower prices than other regions, the report noted.Despite these uncertainties, valuations remain strong and are supported by continued order flow, though elevated oil prices could pose a growing headwind for some manufacturers, RBC said.

Oil & Energy133d ago

US Oil Update: Crude Jumps on Hormuz Blockade, Iran Reaches Out to US

Crude oil futures climbed in after-hours trading on Monday after the US Navy began enforcing a blockade of the Strait of Hormuz, though gains were tempered by President Trump's claim that Iran has reached out to resume peace negotiations.Front-month West Texas Intermediate crude futures rose by 2.60% to $91.91 per barrel, while Brent futures climbed 3.05% to $98.05/bbl."The collapse of US Iran negotiations and emerging US plans to interdict vessels linked to Iranian toll payments have shifted the risk profile from physical disruption to regulatory and enforcement uncertainty," Kpler strategists said in a social media post Monday.The US blockade of Iranian ports and a partial closure of the Strait of Hormuz took effect Monday at 10.00 ET, with the US Central Command saying it will not impede vessels transiting to and from non-Iranian ports."The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman," Centcom said Sunday.Saxo Bank strategists said the disruption has reinforced concerns about supply, especially across middle distillates, as tight availability continues to underpin diesel and jet fuel markets.Trump ordered the blockade of the strategic waterway on Sunday after weekend peace talks between the US and Iran broke down, as the Middle East conflict has resulted in the largest global energy disruption amid Iran's closure of the Hormuz.However, Iran pushed back against Trump administration threats, saying the US's blockade of the Strait would be "an act of piracy," as it reiterated plans to permanently control the critical chokepoint even after the conflict, according to media reports.Capping the gains, Trump claimed on Monday that Iran reached out to his administration over peace negotiations, as the two sides trade blame over the collapse of weekend talks in the Pakistani capital, Islamabad.Trump said Monday that Iran wanted to make a deal, but did not provide details on who participated in the call.Erik Meyersson, chief EM Strategist at SEB Research, said that without progress on the diplomatic front, Hormuz will remain effectively closed, which would push oil prices higher.Meanwhile, crude production in the Arabian Gulf plunged in March due to the ongoing Middle East conflict, OPEC said in its monthly report on Monday.Iraq took the biggest hit, with production dropping from 4.2 million barrels per day in February to 1.6 mmb/d in March, followed by Kuwait and the UAE, which registered declines over the month of 1.4 million b/d and 1.5 million b/d, respectively.The latest OPEC data showed that Saudi Arabia's production dropped by 2.3 million b/d, from 10.1 million b/d to 7.8 million b/d.

Asia133d ago

Green Cross Health Confirms Talks Over Potential Sale of Medical Division

Green Cross Health (NZE:GXH) confirmed it is in discussions with third parties regarding a potential sale of its medical division, following a recent media report, according to a Tuesday filing with the New Zealand bourse.The company said that discussions are ongoing, but there is no certainty they will result in a transaction.

NZE:GXH

Insider Trading133d ago

Workday Insider Sold Shares Worth $12,075,839, According to a Recent SEC Filing

David A Duffield, 10% Owner, on April 09, 2026, sold 107,500 shares in Workday (WDAY) for $12,075,839. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000024/xslF345X05/wk-form4_1776116308.xml

$WDAY

US Markets133d ago

Nasdaq Extends Rally to 9th Day as Tech Stocks Jump

The Nasdaq Composite advanced for the ninth straight session on Monday as US equity markets benefited from a jump in technology stocks.The Nasdaq climbed 1.2% to 23,183.7, while the S&P 500 added 1% to 6,886.2. The Dow Jones Industrial Average rose 0.6% to 48,218.3. Barring utilities and consumer staples, all sectors ended in the green, led by tech and financials.Oracle (ORCL) shares surged nearly 13%, the top gainer on the S&P 500. The company said it introduced artificial intelligence-focused updates to its utilities software suite at its customer edge summit, targeting improvements in billing, grid operations, and asset management.ServiceNow (NOW), Dell Technologies (DELL), Salesforce (CRM) and Microsoft (MSFT) were among tech stocks that registered gains.US earnings growth expectations appear to have shrugged off uncertainty around the Iran war, with markets betting on stronger corporate results this year than those projected before the war began, BlackRock Investment Institute said in a note on Monday.BlackRock upgraded its rating on US stocks to overweight from neutral, saying the Middle East conflict will likely drive limited economic damage.Oil prices, which jumped above $100 per barrel earlier on Monday amid a US blockade of maritime traffic around Iran's ports, pared gains, with West Texas Intermediate crude oil last up 1.3% at $97.83. Brent advanced 3.1% to $98.18.The blockade started at 10 am ET Monday. The development came after the US and Iran failed to reach a deal during negotiations in Pakistan over the weekend, fueling concerns over an already fragile ceasefire between Washington and Tehran.US President Donald Trump said Iran called this morning and that "they'd like to work a deal," according to a Reuters report. Despite the failed peace talks, a two-week ceasefire announced last week still holds.Trump's remarks come as Iran has vowed to retaliate following the US blockade, CNN reported. The Iran-controlled strait has been effectively shut since the war began at the end of February.Trump is mulling over limited strikes against Iran following the failed negotiations, The Wall Street Journal reported, citing people familiar with the situation."As the conflict with Iran enters its seventh week, persistent concern about the time it will take to arrive at an effective resolution to the conflict will, however, likely remain for now as a negative overhang for market participants to navigate," said John Stoltzfus, chief investment strategist at Oppenheimer Asset Management.Meanwhile, the Organization of the Petroleum Exporting Countries lowered its second-quarter oil demand forecast due to the Middle East conflict, but maintained its full-year estimates amid expectations for a rebound in the second half.US Treasury yields were lower, with the 10-year rate last down 4.7 basis points at 4.29% and the two-year rate dropping 2.7 basis points to 3.78%.In company news, Goldman Sachs (GS) on Monday posted first-quarter results above market estimates, while Chief Executive David Solomon said a protracted Middle East conflict could pose upside risks to inflation. The lender's shares fell 1.9%, the worst performer on the Dow.JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) are scheduled to release their quarterly results on Tuesday, while Bank of America (BAC) and Morgan Stanley (MS) will announce their results on Wednesday. Outside the banking sector, Johnson & Johnson (JNJ), Netflix (NFLX) and PepsiCo (PEP) are set to release their results this week.In economic news, US existing home sales decreased in March as softening job growth and weaker consumer confidence continued to deter potential buyers, data from the National Association of Realtors showed.Gold was last down 0.4% at $4,766.30 per troy ounce, while silver dropped 1.1% to $75.67 per ounce.

Dow JonesNasdaq CompositeS&P 500$BAC$C$CRM$DELL$GS$JNJ$JPM$MS$MSFT$NFLX$NOW$ORCL$PEP$WFC

Wire133d ago

Revolution Medicines Plans Common Stock, Senior Notes Offerings

Revolution Medicines (RVMD) said late Monday it plans to offer $750 million of common stock and $250 million aggregate principal amount of convertible senior notes due 2033 in separate public offerings, subject to market and other conditions.The company expects to grant the underwriters a 30-day option to buy up to an additional $112.5 million of common stock and up to an additional $37.5 million principal amount of notes to cover over-allotments.Revolution Medicines said it plans to use net proceeds from both offerings for general corporate purposes.

$RVMD

Commodities133d ago

US Natural Gas Update: Futures Extend Losses in After-Hours Trade

US natural gas futures continued to decline in after-hours trade on Monday as robust supply collides with weak shoulder-season demand.The front-month Henry Hub contract and the continuous futures both fell 0.79% to $2.627 per million British thermal units.Prices rose early Monday, tracking crude oil higher on renewed concerns about energy shipments after US President Donald Trump's order to block the Strait of Hormuz after weekend peace talks with Iran collapsed, according to Bloomberg.By midday, the move reversed as fundamentals took over again. Prices slipped back toward-and then below-the 17-month low set last week, as weak demand in the seasonal shoulder period outweighed geopolitical fears.Gelber & Associates explained on Monday: "The biggest demand shifts are a jump in power burn to 33.5 Bcf/d and a sharp fade in ResComm to 12 Bcf/d, while on the supply side production is holding high at 110.2 Bcf/d and Canadian imports have eased to 5 Bcf/d. That leaves total supply at 115.2 Bcf/d against total demand of 104 Bcf/d, with the net balance widening to 11.2 Bcf/d."Barchart cited data from The Commodity Weather Group, which said above-normal temperatures across the eastern two-thirds of the US are expected to ease back toward seasonal norms starting Apr. 18 and continue through Apr. 27.On the export side, BNEF said LNG feedgas demand was a strong 19.9 Bcf/d, up 1.5% from the previous week.

Asia133d ago

Bankers Investment Trust Reports Net Asset Value

Bankers Investment Trust's (NZE:BIT) unaudited net asset value was 1.43 pounds sterling per share as of April 10, according to a Tuesday filing with the New Zealand bourse.This included current financial year revenue items and excluded shares held in treasury.The unaudited net asset value, excluding current financial year revenue items and shares held in treasury, was 1.421 pounds sterling per share, the filing said.

NZE:BIT

Asia133d ago

Henderson Far East Income Reports Net Asset Value

Henderson Far East Income's (NZE:HFL) unaudited net asset value, including current financial year revenue items, was 2.457 pounds sterling per share as of April 10, according to a Tuesday filing with the New Zealand bourse.Unaudited net asset value, excluding current financial year revenue items for the same period, was 2.40 pounds sterling per share, the filing said.

NZE:HFL

Mining & Metals133d ago

Emerita Resources Receives Unsolicited, Non-binding Takeover Offer From Denarius Metals

Emerita Resources (EMO.V) after trade Monday confirmed it received an unsolicited takeover offer from Denarius Metals to acquire all of its shares at a 15% premium to their April 10 closing price, with consideration structured entirely in Denarius shares.The company said Denarius has not provided additional terms in its offer letter, stating only that it is open to discussions with Emerita and has now publicly disclosed the offer.Emerita said its board, with its advisors, will review the proposal and decide what is in the best interest of the company and its shareholders. Shareholders do not need to take any action at this time."Emerita cautions its shareholders and potential investors that the offer letter is non-binding and there can be no certainty that Denarius' offer or any other strategic transaction will be pursued by Emerita, supported by the board or ultimately completed," the company said, adding that it will provide updates as needed.The company's shares closed up $0.06 to $0.32 on the TSX Venture Exchange

$EMO.V

Asia133d ago

F&C Investment Trust Reports Net Asset Per Ordinary Share

F&C Investment Trust (NZE:FCT) said its net assets before charges at market value and excluding income came in at 13.7341 pounds sterling per ordinary share as of April 10, according to a Tuesday New Zealand bourse filing.Net assets per ordinary share before charges at market value and including income clocked in at 13.7466 pounds sterling, per the filing.Meanwhile, net assets before charges at nominal value and excluding income were 13.2852 pounds sterling per ordinary share.Net assets before charges at nominal value and including income were 13.2977 pounds sterling per ordinary share.

NZE:FCT

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US Markets133d ago

Nasdaq Extends Rally to 9th Day as Tech Stocks Jump

Dow JonesNasdaq CompositeS&P 500$BAC$C$CRM$DELL$GS$JNJ$JPM$MS$MSFT$NFLX$NOW$ORCL$PEP$WFC