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Coursera's Q2 Non-GAAP Earnings, Revenue Rise; Lifts Full-Year Revenue Outlook

Coursera (COUR) reported Q2 non-GAAP earnings late Wednesday of $0.17 per diluted share, up from $0.12 a year earlier.Analysts polled by FactSet expected $0.14Revenue for the quarter ended June 30 was $298.6 million, up from $187.1 million a year earlier. Analysts expected $296.9 million.For Q3, the company expects revenue of $364 million to $372 million. Analysts expect $369.6 million.The company now expects full-year revenue in the range of $1.22 billion to $1.23 billion, up from prior outlook of $805 million to $815 million. Analysts expect $1.23 billion.Shares of Coursera were down more than 7% in pre-bell activity Thursday.Price: $5.74, Change: $-0.44, Percent Change: -7.12%

$COUR

Asia15d ago

Singapore Shares Incur Losses as US Federal Reserve Holds Interest Rates

Singapore shares fell on Thursday, tracking regional losses as the US Federal Reserve held interest rates steady, prompting concerns over the ability of chief Kevin Warsh to bring down inflation.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,638.94 and 5,683.35 throughout the day. It ended the session at 5,673.58, down 39.61 points or 0.7% compared to Wednesday's close.On the corporate front, shares of Wee Hur (SGX:E3B) were down nearly 1% at the close as its subsidiary, Wee Hur (Hong Kong), formed a joint venture with WM (Hong Kong) to establish Wee Hur Bedford.Yoma Strategic (SGX:Z59) closed over 1% higher as its subsidiary, Yoma Development Group, disclosed an entry into a joint venture with Yangon Nominees to develop the Moe Ma Kha Garden Residence project in Myanmar.Meanwhile, shares of Singtel (SGX:Z74) were down nearly 1% as its Australian unit, Optus, was informed by the Australian Communications and Media Authority about proceedings in the Federal Court of Australia against it over an alleged breach by Optus Mobile over several provisions of the Telecommunications Determination 2019.

^STISGX:E3BSGX:Z59SGX:Z74

Research15d ago

CCB International Starts MINISO Group at Outperform with HK$30.20 Price Target

MINISO Group (HKG:9896) has an average rating of buy and mean price target of HK$39.32, 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)

HKG:9896

Equities15d ago

RBC Updates Model for Eni Post-Q2 Results; Sector Perform Rating Maintained

RBC Capital Markets revised its model for Eni (ENI.MI), tweaking its earnings forecasts after the Italian oil and gas company released its second-quarter results."We update our estimates following ENI's 2Q26 results, incorporating RBC's new price deck and adjusting for upgraded guidance. We expect the raised buyback to provide near term support for the shares, with the prospect for more announced with 3Q. We balance this against a growing valuation and underweight position in refining. We maintain our Sector Perform rating and EUR28.00 price target," according to a Wednesday note.For the six months ended June 30, Eni reported total revenue of 42.73 billion euros, up from 36.40 billion euros a year ago. The company also boosted its full-year 2026 underlying oil and gas production growth guidance to 5% from the previous target of between 3% and 4%, and expanded its share buyback program for the year to 3.4 billion euros from 2.8 billion euros on an "improved" outlook.Within this context, RBC revised its earnings projections, including net production and operational EPS, for full-year 2026 to 2028."Whilst ENI is seemingly firing on a number of upstream fronts, our preference remains for names in the sector with more exposure to refining margins," analysts added.

$ENI.MI

Research15d ago

CICC Starts Chuangxin Industries at Outperform with HK$20.94 Price Target

HKG:2788

Commodities15d ago

Market Chatter: Indian Buyers See Smaller Discounts for Russian Urals Crude Amid Supply Concerns

Discounts for purchasers of Russian Urals crude in India have narrowed to $1-$2 a barrel below dated Brent this week amid renewed supply shortage worries, Reuters reported Wednesday, citing trade sources.In early July, Russia's flagship grade was being offered at discounts of over $10 a barrel in India, weighed down by weaker Chinese interest and ample Middle East supplies. The discounts have dropped to $1-$2 this week for cargoes scheduled for delivery in late August and early September, the report said.Indian demand for Russian oil has increased amid supply concerns due to renewed hostilities in the Middle East and the resulting disruption to maritime traffic in the Strait of Hormuz.India and China continue to be the largest importers of Russian crude, which has been increasingly diverted to Asia from Europe due to Western sanctions and embargoes, it added.has reached out to India's Petroleum and Natural Gas Ministry and Russia's Energy Ministry for comments.(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.)

Commodities15d ago

Global Nuclear Ambitions of Triple Capacity Will Take $250 Billion Annual Investment

Meeting global ambitions for nuclear energy through 2050 will take around $6 trillion in investment, or about $250 billion a year, the World Nuclear Association said in an analysis on Wednesday.That is the investment pace required to meet ambitions to increase nuclear capacity three times the current levels, the association said.Global nuclear generation capacity has been fairly stagnant for years, but is experiencing a revival as a source of baseload power that complements volatile renewables output.The analysis said that this will require a mixture of both public and private financing directed towards not only capacity additions, but also to the nuclear fuel cycle that is key to achieve this growth.These are the key findings of the roadmap outlined in the report. It also highlights the opportunity for institutional investors in equity and debt and how this can move nuclear from a government-led area towards a mainstream energy infrastructure asset class.It says there are six key needs to be met to achieve this: institutional support, business standardization, priceable risk and reward, market remuneration frameworks, supply chain capacity and maturity transformation mechanisms.These components have been harmonized previously in offshore wind and liquefied natural gas to provide a coherent investment path."The challenge is not a shortage of capital. The challenge is creating the confidence, capability and investment architecture that allow capital to flow to nuclear projects at scale," said Sama Bilbao y Leon, Director General of World Nuclear Association.He said the World Nuclear Investment Guide offers financial institutions the tools, frameworks and expertise they need to assess nuclear projects as confidently as they do with other types of energy assets.Nuclear energy provides about 9% of the world's electricity from 400 gigawatts of generation capacity located in 31 countries while it accounts for more than 20% of the world's low-carbon electricity.The World Nuclear Outlook Report forecasts capacity more than tripling to 1,446 GW by 2050.

Research15d ago

HSBC Downgrades Procter & Gamble to Hold From Buy, Adjusts Price Target to $149 From $182

Procter & Gamble Company (PG) has an average rating of overweight and mean price target of $159.81, 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)

$PG

Asia15d ago

CLSA Downgrades Dentsu Soken to Hold from Accumulate; Price Target is 2,800 Yen

TYO:4812

Wire15d ago

Porch Swings to Earnings in Q2 as Sales Jump; Sets FY2026 Revenue Outlook; Shares Surge Premarket

Porch Group (PRCH) reported Q2 earnings late Wednesday of $0.05 per diluted share, compared with no earnings a year earlier.Analysts polled by FactSet expected a loss of $0.03.Revenue for the quarter that ended June 30 was $140.9 million, up from $126.1 million a year earlier.Analysts expected $122.3 million.Setting the Porch-owned segments' full-year 2026 financial outlook, the company said it expects revenue of $506 million to $517 million. Analysts expect $504.4 million.Shares of the company traded over 18% higher in premarket activity Thursday.Price: $14.60, Change: $+2.24, Percent Change: +18.12%

$PRCH

Asia15d ago

KGI Securities Upgrades AP Thailand to Outperform from Neutral; Price Target is THB9.40

AP Thailand (BKK:AP) has an average rating of buy and mean price target of 9.82 baht, 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)

BKK:AP

Research15d ago

William O'Neil Initiates Ross Stores at Buy

Ross Stores (ROST) has an average rating of overweight and mean price target of $261, 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)

$ROST

Research15d ago

Yuanta Securities Downgrades CK Power to Hold from Buy; Price Target is THB2.90

CK Power (BKK:CKP) has an average rating of overweight and mean price target of 2.94 baht, 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)

BKK:CKP

Research15d ago

Yuanta Securities Downgrades Bangkok Chain Hospital to Hold from Buy; Price Target is THB11.10

Bangkok Chain Hospital (BKK:BCH) has an average rating of overweight and mean price target of 11.32 baht, 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)

BKK:BCH

Asia15d ago

Baotou Tianhe Magnetics Technology to Invest in New Magnetic Materials Subsidiary

Baotou Tianhe Magnetics Technology (SHA:603072) will invest 10.8 million yuan in the establishment of a new magnetic materials subsidiary, Tianhe Magnetic Materials (Guangdong), according to a Thursday filing with the Shanghai bourse.The investment is equivalent to 90% of the 12 millionyuan in registered capital of the subsidiary. Shenzhen Liantuo Intelligent Machinery Partnership (Limited Partnership) will contribute 1.2 million yuan or 10% of the entire capital of the unit.Guangdong Tianhe will develop and sell magnetic materials and components such as humanoid robots, low-altitude economy equipment, and 3C consumer electronics.

SHA:603072

Mining & Metals15d ago

Canfor Narrows Q2 Net Loss YoY

Canfor (CFP.TO) reported second-quarter net loss of C$18.5 million, or a loss of C$0.16 per share, narrowing from a loss of C$72.1 million, or a loss of C$0.62, in the year-ago quarter.Sales were C$1.53 billion, up from C$1.36 billion in the prior-year period.Analysts polled by FactSet expected C$1.44 billion, with four analysts reporting.

$CFP.TO

Commodities15d ago

Eni Eyes Rapid Development for Venezuelan Assets

Italy-based Eni (E) is finalizing new contracts for its Venezuelan oil and gas projects, with plans for rapid production growth at the Junin-5 field, company chief said during earnings call on Wednesday.Eni is at the final stage of negotiations for oil assets like Junin-5 and Corocoro, and has finalized a gas export agreement for the giant Perla field."So, up to now, Venezuela is responding very well," Chief Executive Officer Claudio Descalzi said. "Clearly, we are going to negotiate a contract that allows us to make investments."Collective Venezuelan operations unlock a growth potential of over 5.5 billion barrels of recoverable resources, according to the transcript available on FactSet.On the gas side, PDVSA is honoring sustainability agreements regarding Cardon IV cargo payments, and the plan of development for Perla gas exports is imminent, it stated.On the oil side, Descalzi noted that Eni aims to sign a production sharing contract rather than a joint venture for Junin-5, leveraging existing spare facility capacity to mobilize rigs quickly and ramp up production from its current 12,000 barrels per day to a plateau level of 200,000 bbl/d.

Asia15d ago

Nomura Research Institute Profit Rises 12% in Fiscal Q1

Nomura Research Institute (TYO:4307) posted a 12.4% year-over-year increase in profit attributable to owners of the parent to 29.21 billion yen for the three months ended June 30 from 26 billion yen.The Japan-based think tank's basic earnings per share increased to 51.42 yen from 45.43 yen a year ago, according to a Tokyo Stock Exchange filing on Thursday.Revenues jumped 7.5% to 210.46 billion yen from 195.8 billion yen in the year-ago period.For the fiscal year ending March 31, 2027, the company forecasts an attributable profit of 119 billion yen, EPS of 209.46 yen, and revenue of 850 billion yen.The company plans to pay a second quarter-end dividend of 42 yen per share for the current fiscal year.

TYO:4307

Mining & Metals15d ago

Athabasca Oil Posts Increase in Q2 Net Income YoY

Athabasca Oil (ATH.TO) reported second-quarter net income and comprehensive income of C$66.2 million, or C$0.13 per share, up from C$56.9 million, or C$0.11 per share, in the year-ago quarter.Analysts polled by FactSet expected C$0.15, with three analysts reporting.Petroleum, natural gas and midstream sales were C$372.4 million, up from C$368.7 million in the year-ago quarter.Analysts expected C$403.2 million, with two analysts reporting.Petroleum and natural gas production was 32,110 barrels of oil equivalent per day, down from 39,088 boe/d.

$ATH.TO

Asia15d ago

Sansure Biotech Gets Device Registration Certificate for COVID-19, Flu, RSV Detection Kits

Sansure Biotech (SHA:688289) received a medical device registration certificate from China's National Medical Products Administration for its nucleic acid detection kits for COVID-19, influenza A and B, and respiratory syncytial virus, according to a Thursday disclosure to the Shanghai bourse.The kit is the company's first approved lyophilized nucleic acid detection reagent for respiratory infections, Sansure said in its filing.

SHA:688289

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Commodities15d ago