Financial News · Live Terminal

Page 4204 of 4255

Barclays Downgrades Rexel to Underweight, Lowers PT

Barclays on Monday downgraded French electrical products and services distributor Rexel (RXL.PA) to underweight from equal weight and decreased its price target to 29 euros from 33 euros.(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)

$RXL.PA

Research146d ago

Jefferies Trims Arab National Bank PT, Affirms Hold Rating

Jefferies on Sunday decreased the price target for Saudi lender Arab National Bank (SASE:1080) to 22.25 Saudi riyals from 23.25 riyals, while keeping its hold rating.(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)

SASE:1080

Research146d ago

Research Alert: Gs Reports Earnings And Revenue Beat In Q1 2026

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:GS delivered exceptional Q1 2026 earnings performance with reported EPS of $17.55 versus the $16.39 consensus estimate, representing a 7% beat, while total revenue of $17.2B also exceeded the $16.9B consensus estimate. Investment banking fees demonstrated strong momentum, surging 48% Y/Y and 10% compared to Q4 2025, supported by solid results across most businesses and products. Investment banking momentum suggests a strong pipeline. Operating expenses increased 14% due to higher transaction volumes and elevated compensation and benefits expenses, though the firm maintained operational efficiency with a flat efficiency ratio at 60.5% and stable headcount of 47,000 employees. Credit provisions rose modestly to $315M from $285M in the prior year, primarily related to the credit card portfolio due to net charge-offs. The bank demonstrated strong capital efficiency with ROE of 19.8% and ROTE of 21.3%, reflecting robust operational performance and effective capital management across business segments.

$GS

Wire146d ago

Revolution Medicines' Drug Shows Survival Benefit in Pancreatic Cancer Trial; Shares Rise Pre-Bell

Revolution Medicines (RVMD) said Monday the phase 3 trial of its experimental drug, daraxonrasib, to treat a type of pancreatic cancer met key goals, showing significant improvements in progression-free and overall survival versus standard chemotherapy.The company said the drug delivered a median overall survival of 13.2 months, compared with 6.7 months for chemotherapy.The drug developer said it plans to submit the data to global regulators, including the US Food and Drug Administration, for marketing application.Shares of the company were up over 34% in Monday's premarket activity.Price: $129.87, Change: $+33.10, Percent Change: +34.32%

$RVMD

Mining & Metals146d ago

Electrovaya Launches Lithium-Ion Battery Systems For Walkie Pallet Jacks

Electrovaya (ELVA.TO) said Monday that it has launched its Infinity lithium-ion battery systems for application in walkie pallet jacks.Walkie pallet jacks are common in distribution centers, warehouses, manufacturing plants, and retail stores.The battery line, which features two capacities, includes an onboard charger. The combination of multiple battery sizes and charger options allows for precise configuration to match specific application needs, the company said."With this product line launch, our material handling equipment battery portfolio is further enhanced, positioning us to offer a complete and unified solution to our customers," said Jeremy Dang, head of business development at Electrovaya.Electrovaya shares closed up $0.09, to $11.46 on Friday on Toronto Stock Exchange.

$ELVA.TO

Oil & Energy146d ago

OPEC Retains 2026 Global Oil Demand Growth in April

The Organization of the Petroleum Exporting Countries on Monday forecast global oil demand growth for 2026 at 1.4 million barrels per day year over year, unchanged from last month.Liquids production from countries not participating in the Declaration of Cooperation, is expected to grow at about 600,000 b/d, also unchanged from last month's assessment.

US Markets146d ago

New Zealand's Services Sector Stays in Contraction in March

New Zealand's services sector further shrank in March as the impact of the Middle East conflict was felt across business sectors.The BusinessNZ Performance of Services Index dropped to 46.0 from 47.6 in February, according to a Monday press release from BusinessNZ."The services sector in New Zealand is clearly feeling the effects of the conflict in Iran," BusinessNZ Chief Executive Officer Katherine Rich said. "The industries that deal mainly in discretionary spending have been especially impacted, and this is likely to reflect a lack of consumer confidence."The sectors involved in discretionary spending are accommodation, cafes and restaurants, and cultural and recreational services.Travel and airlines are also affected as the U.S.-Iran conflict triggered oil price shocks, especially at the closure of the Strait of Hormuz, the world's most critical oil passageway. Earlier this month, Air New Zealand (NZE:AIR, ASX:AIZ) said it will make minor adjustments to about 4% of its May and June flights due to rising jet fuel costs.All of the five sub-indexes are below the neutral reading of 50, with activities and sales the weakest at 44.6, BNZ said.The war in Iran also widened the pessimism among survey respondents as negative comments grew to 69.1% in March from 56.4% in the previous month. The response indicated that the economy could soon be contracting, BNZ's head of research, Stephen Toplis, said.The war is expected to bring more pressure on inflation, especially as the U.S. and Iran could not reach a deal during the two-week ceasefire. President Donald Trump ordered a blockade at the Strait of Hormuz as talks between the two countries crumbled.Analysts from ANZ expect that the inevitable rise in inflation could prompt three straight interest rate hikes this year. The bank predicts that the Reserve Bank of New Zealand is likely to add 25 basis points in its monetary policy in July, September and October, bringing the official cash rate to 3%.Westpac also expects the RBNZ to add 25 basis points until the OCR reaches 3.5%."We continue to believe that the same shape of the latter part of the interest rate cycle where the OCR rises above our assessment of neutral (which remains at 3.75%), peaking at 4.25% in December 2027 and remaining at 4.25% through 2028 before returning to 3.75% in 2029," Westpac's chief economist for New Zealand, Kelly Eckhold, said.

^NZ50ASX:AIZNZE:AIR

Sectors146d ago

Global Markets Are On Backfoot Monday After U.S.-Iran Talks Fail, Says Scotiabank

Global markets are on back foot to start the week given what was the largely predictable collapse of negotiations between Iran and the United States over the weekend, said Scotiabank.Oil prices are sharply higher with WTI and Brent futures gaining by about US$7 to US$8/barrel and trickling into other maturities, alongside increases in other commodity prices, noted the bank.Gold is off by about US$40/oz but was down by about US$100/oz early in the Asian session.The US dollar (USD) is firmer against other majors, but with Norway's krone (NOK) and Russia's ruble (RUB) gaining while the Canadian dollar (CAD or loonie) holds firm, both of which are outperforming other crosses due to higher commodities, stated Scotiabank.U.S. and Canadian equity futures are off by about 0.5%, which is fairly modest so far, but European cash markets are faring a little worse, pointed out the bank.Sovereign bond yields are higher by a handful of basis points across major markets and maturities, added Scotiabank. OIS is leaning toward a half point of Bank of Canada hikes over H2.

$CAD$CXY$NOK$RUB$USD

US Markets146d ago

Asian Development Bank Tempers APAC GDP Forecasts for 2026

The Middle East outlook and consequent higher oil prices will temper the economic expansion of developing countries in the Asia Pacific in 2026, reported the Asian Development Bank (ADB) late Friday.Economic growth in developing Asia is expected to slow to 5.1% in both 2026 and 2027, down from the previous 5.4% estimate, weighed down by the Persian Gulf conflict and continuing trade uncertainty, said the ADB.The Asian Development Bank (ADB) makes economic projections for developing nations in Asia, focusing on gross domestic product (GDP) growth and inflation outlooks. The ADB forecasts cover 46 nations, including China and India, and all 10 ASEAN members."Higher energy prices will raise production costs and consumer prices, while export growth will normalize following last year's front-loading ahead of US tariff increases," said the ADB. "Solid domestic demand---particularly in South Asia and developing Southeast Asia---will continue to anchor growth."Regional inflation is projected to rise to 3.6% in 2026 and 3.4% in 2027, up from 3% last year, added the ADB.GDP growth in China is projected to decline to 4.6% in 2026 and 4.5% in 2027, down from 5% in 2025, "with continued property market weakness and slower export expansion expected to weigh on activity," said the ADB."In India, growth is forecast to ease to 6.9% this year from 7.6% last year, before rising to 7.3% next year, underpinned by resilient domestic consumption," added the ADB, a Manila-based regional bank that lends on infrastructure and other projects.

^BSE^JKSEFTSE Bursa Malaysia KLCI^NSE^SETShanghai Composite

Asia146d ago

China International Development Terminates MoU for Semiconductor Firm Purchase

China International Development (HKG:0264) and Xu Xichang terminated an MoU to potentially acquire up to 100% equity interest in Lonten Semiconductor, according to a Monday Hong Kong bourse filing.The parties had first entered into the MoU in November 2025.Lonten Semiconductor is a provider of power semiconductor devices and system solutions.

HKG:0264

Asia146d ago

City Union Bank Opens Six New Branches in India

City Union Bank (NSE:CUB, BOM:532210) opened Six new branches in India on Monday to take its total number of branches to 956, according to a Monday filing to the Indian stock exchanges.The lender opened two branches each in the states of Kerala and Telangana, and one each in Madhya Pradesh and Gujarat, the filing said.

BOM:532210NSE:CUB

Mining & Metals146d ago

Freegold Ventures Advancing Golden Summit Project Towards Pre-Feasibility Study

Freegold Ventures (FVL.TO) said Monday that 2026 drill program for its Golden Summit project in Alaska is well underway, as the company progresses towards a pre-feasibility study.Five drill rigs are operating and one additional rig is on site, due to begin drilling next month, Freegold said. Eleven holes have been completed, and an additional five holes are in progress. The ~50,000 m campaign is focused on infill drilling to strengthen grade control and confidence in higher-grade corridors.Metallurgical work also continues to support multiple potential development pathways, with recovery rates exceeding 90% using sulphide-oxidizing techniques, a statement said.Freegold has appointed Maureen Marks as vice president, engineering and Paul Jago as exploration manager, as it advances toward the upcoming pre-feasibility study for the Golden Summit project."Golden Summit is demonstrating the scale, continuity, and quality required to support a highly compelling development opportunity. With our largest drill program to date underway-~50,000 metres with multiple rigs operating-and metallurgical work advancing, we are positioning the project for multiple development pathways. Key upcoming catalysts include ongoing drill results, continued metallurgical test work updates, and steady progress toward delivery of the Pre-Feasibility Study, which we believe will be transformational for the project and the company," said chief executive Kristina Walcott.Freegold shares closed up $0.03, to $1.26, on Friday on the Toronto Stock Exchange.

$FVL.TO

Asia146d ago

Longfor Group Logs Over 3 Billion Yuan in March Contracted Sales

Longfor Group (HKG:0960) recorded contracted sales of 3.01 billion yuan in March, with a gross floor area (GFA) of 315,000 square meters, according to a Monday Hong Kong bourse filing.In the first quarter of 2026, contracted sales and GFA reached 7.46 billion yuan and 842,000 square meters, respectively.The property developer's revenue from property operation and service stood at roughly 6.62 billion yuan in the three months.

HKG:0960

Mining & Metals146d ago

AutoCanada Advancing U.S. Exit Strategy With Sale of Hyuandai of Lincolnwood

$ACQ.TO

Asia146d ago

Swaraj Engines' Net Profit Rises in Fiscal Q4; Declares Dividend

Swaraj Engines (NSE:SWARAJENG, BOM:500407) said its net profit rose to 545.6 million Indian rupees in the fiscal fourth quarter from 454.2 million rupees a year ago, according to a Monday filing on Indian bourses.Earnings per share for the quarter ended March 31 climbed to 44.90 rupees from 37.38 rupees a year earlier.Revenue from operations of the diesel engine manufacturer jumped year on year to 5.46 billion rupees from 4.54 billion rupees.The board of Swaraj Engines declared a dividend of 110 rupees per share for the financial year ended March 31.

BOM:500407NSE:SWARAJENG

Mining & Metals146d ago

Mineros Reports Q1 2026 Gold Production of 60,782 Gold Equivalent Ounces, Delivering 10% Year-Over-Year Growth

$MSA.TO

Mining & Metals146d ago

Freehold Royalties Announcing Shaina Morihira Has Submitted Her Resignation as VP, Finance and Chief Financial Officer, Effective May 15, 2026

$FRU.TO

Mining & Metals146d ago

Bonterra Energy Announces Approval Of Its Second Normal Course Issuer Bid

Bonterra Energy (BNE.TO) Monday said that Toronto Stock Exchange accepted its notice of intention to renew its normal course issuer bid for outstanding common shares in accordance with the rules and policies of the TSX.The company said that the NCIB represents its second such program.The NCIB will allow the company to purchase a maximum of around 3.11 million common shares of Bonterra, representing 10% of its public float and approximately 8.5% of its around 36.57 million outstanding common shares as of April 2, 2026, over a period of 12 months starting April 15, 2026, and expiring April 14, 2027, or such earlier time as the bid is completed or terminated at the option of Bonterra.Any common shares that are repurchased by Bonterra under the NCIB will be cancelled, said the company.During the past 12 months, the company said it purchased an aggregate of 749,900 common shares at a weighted average price of $3.56 per common share.

$BNE.TO

Asia146d ago

Seazen Group Logs 1.08 Billion Yuan in March Contracted Sales

Seazen Group (HKG:1030) recorded contracted sales of around 1.08 billion yuan in March, with a sales area of 191,800 square meters, according to a Monday Hong Kong bourse filing.In March, the property firm had 179 properties for lease with a total gross floor area of 16.5 million square meters.The rental and commercial operating income for the month was about 1.12 billion yuan and 1.2 billion yuan, respectively.In the first quarter of 2026, contracted sales and sales area reached roughly 3.02 billion yuan and 526,500 square meters, respectively.Rental and commercial operating income for the three months stood at approximately 3.31 billion yuan and 3.55 billion yuan, respectively.

HKG:1030

Asia146d ago

China Resources Power's March Output Jumps 16%

China Resources Power (HKG:0836) saw the generation of its subsidiary power plants rise 16% year over year in March to a little over 20.8 million megawatt-hours, according to a Monday Hong Kong bourse filing.Of the total, output from subsidiary wind farms fell 17% to 4.6 million megawatt-hours, while that of photovoltaic plants jumped 27% to 1.2 million megawatt-hours.In the first quarter of 2026, net generation stood at 60.6 million megawatt-hours, up 16% from the year-ago period.Of this, generation from subsidiary wind farms and photovoltaic power plants fell 2% to 14 million megawatt-hours and increased 45% to 3.4 million megawatt-hours, respectively.

HKG:0836

Showing 84061-84080 of 85088

US Markets146d ago

New Zealand's Services Sector Stays in Contraction in March

^NZ50ASX:AIZNZE:AIR