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Taisun Enterprise Maintains Suspension of Soybean Salad Oil Products Amid Contamination Probe

Taisun Enterprise (TPE:1218) provided an update on correctional measures related to the contamination of soybean salad oil products with levels of benzopyrene (BaP) higher than regulatory limits, according to a Taiwan bourse filing Friday.The company confirmed it will continue to suspend the sale of soybean salad oil products until the safety of each batch is confirmed by a third-party inspection.Additionally, it reiterated that all soybean oil products from April to June will be recalled and not resold.The company will also work on a supplier improvement plan, donate NT$30 million for the improvement of domestic food safety inspection capabilities, and continue to cooperate with regulatory authorities in the investigation process.In a separate filing, the company said the Taichung District Prosecutors Office visited and reviewed documents related to the investigation Friday.

TPE:1218

Mining & Metals22d ago

Makenita Resources Acquires Additional Mineral Claims at its Sisson West Tungsten Project

Makenita Resources (KENY.CN) acquired additional mineral claims at its Sisson West Tungsten Project in New Brunswick, it said Friday.This increases the project's land package from 9,845 acres to 22,665 contiguous acres, and it directly borders Northcliff Resources' (NCF.TO) Sisson Tungsten Mine, said the company.

$KENY.CN$NCF.TO

Mining & Metals22d ago

Canadian National Railway Reports Higher Q2 Adjusted Net Income YoY, Raises Guidance

Canadian National Railway Company (CNR.TO) reported second-quarter adjusted net income of C$1.26 billion, or C$2.08 per share, up from C$1.17 billion, or C$1.87 per share, in the year-ago quarter.Analysts polled by FactSet expected C$1.96.Total revenues for the quarter were C$4.75 billion, up from C$4.27 billion.Analysts expected C$4.63 billion.The company raised its 2026 revenue ton miles growth guidance to low single-digit growth, from flattish growth previously, and adjusted earnings per share growth guidance to the mid-to-high single-digit range, from slightly exceeding RTM growth previously.CN declared a third-quarter 2026 dividend of C$0.9150 per common share, to be paid Sept. 29 to shareholders of record at the close of business on Sept. 8.

$CNR.TO

Asia22d ago

Yue Yuen Industrial Expects Up to 60% Decline in H1 Profit

Yue Yuen Industrial (Holdings) (HKG:0551) expects profit attributable to owners to slide about 55% to 60% for the first half of 2026 from $171.2 million a year earlier, according to a Friday Hong Kong bourse filing.The footwear manufacturer attributed the expected decline to weak demand that reduced sales scale, along with higher costs and pressure on production efficiency.

HKG:0551

Mining & Metals22d ago

Miivo Holdings Launches Automated Customer Insights Tool

Miivo Holdings (MIVO.V) has launched an automated Customer Insights tool for small- to medium-size businesses, the company said Friday.The Customer Insights tool allows businesses to monitor customer sentiment across Google Reviews, Instagram and Reddit using artificial intelligence. It is expected to reduce time spent tracking and responding to customer feedback online.The AI tool also analyzes review trends and sentiment patterns for businesses to improve customer experience.

$MIVO.V

Research22d ago

RBC Raises Price Target on Thermo Fisher Scientific to $580 From $490, Keeps Sector Perform Rating

Thermo Fisher Scientific (TMO) has an average rating of overweight and mean price target of $620.75, 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)

$TMO

Mining & Metals22d ago

Planet Ventures to Raise C$1.5 Million Via Rights Offering

Planet Ventures (PXI.CN) plans to raise C$1.5 million through a rights offering, it said on Friday.The offering will consist of the issuance of 152.2-million rights to holders of its common shares at the close of business on the record date of July 31, on the basis of one right for each one common share held. Each one right will entitle the holder to subscribe for one of its common shares upon payment of a subscription price of C$0.01 per share.The company also entered into a standby guaranty agreement with Game 7 Investments and Bosom Holdings to ensure that the rights offering raises at least C$1.5 million. Planet Ventures will have 304.5-million shares outstanding, on completion of the rights offering and assuming all rights are exercised, it said.Launch of the rights offering is expected on Aug. 6. The company plans to use the proceeds for capital investments and for general administrative expenses, it said.The offering is expected to expire on or about Aug. 27.Shares of the company closed up 8.6% to C$0.19 on Thursday on the Canadian Securities Exchange.

$PXI.CN

Mining & Metals22d ago

Earnings Flash (CNR.TO) Canadian National Railway Reports Q2 Revenue C$4.75B, vs. FactSet Est of C$4.63B

$CNR.TO

Mining & Metals22d ago

Earnings Flash (CNR.TO) Canadian National Railway Posts Q2 Adjusted EPS C$2.08 vs. FactSet Est of C$1.96

$CNR.TO

Asia Markets22d ago

Earnings, Oil Prices Undergird European Bourses Midday

European bourses tracked moderately higher midday Friday as traders weighed earnings reports, easing oil prices and looked for values after recent tech-sector retreats.Tech and bank stocks led gains on continental trading floors, while oil shares lagged.SAP (SAP) shares rose 5.3% midday after the German software enterprise reported Q2 financial results and a large rise in its cloud-related orders backlog.Front-month North Sea Brent crude-oil futures were down 3% at $97.63 a barrel, in midday action.Investors also eyed Wall Street futures in the green, but lower closes overnight on Asian exchanges.In economic news, the flash Eurozone composite purchasing managers index (PMI), a combination of the continent's manufacturing and service sectors, logged at 51.9 in July, up from 50.0 in June, and striking above the 50-mark that separates growth from contraction, reported S&P Global.The pan-continental Stoxx Europe 600 Index was up 0.5% mid-session.The Stoxx Europe 600 Technology Index was up 1.2%, and the Stoxx 600 Banks Index gained 1.2%.The Stoxx Europe 600 Oil and Gas Index eased 1%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.7%.The REITE, a European REIT index, rose 0.3%.On the national market indexes, Germany's DAX was up 0.8%, and the FTSE 100 in London gained 0.1%. The CAC 40 in Paris was up 0.4%, and Spain's IBEX 35 lifted 0.8%.Yields on benchmark 10-year German bonds were steady, near 3.21%.The Euro Stoxx 50 volatility index was down 3% at 19.12, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

^SXXP

Asia Markets22d ago

UAE Stocks Close Week Downbeat as Middle East Tensions Expand

Emirati shares closed the last trading session of the week on a downbeat note as escalating Middle East tensions and volatile oil prices take center stage once again.At the close of Friday trading, the FTSE ADX General Index lost 0.127%, while the DFM General Index was 0.208% in the red.US President Donald Trump said in a social media post that Iran will be held responsible and face "major military punishment" if the Houthis attack any ship in the Red Sea. Trump also mentioned that any damage inflicted on ships and cargo by Iran will be paid from its frozen assets."With little-to-no sign of de-escalation, the market is likely to take the path of least resistance for now. This suggests oil prices will only continue to move higher. The key question is at what price level pressure begins to build on the Trump administration to return to the negotiating table," ING said. "The potential supply disruptions facing the market now are larger than at any time during the war. Not only have oil flows through the Strait of Hormuz essentially dried up, but there are clear risks to Saudi oil flows from the Red Sea."Meanwhile, the US Central Command continued its attacks on Iran for the 13th consecutive night, targeting military command centers, drone storage facilities, communication networks, and coastal surveillance sites.Zooming in at home, the UAE will be subject to a 12.5% tariff from the US as part of the latter's efforts to prohibit the import of goods produced through forced labor practices. The tariff, set to take effect on Friday, ranges from 10% to 12.5% and includes over 60 countries.Turning to corporate news, Pure Health Holding (ADX:PUREHEALTH) teamed up with the National Multiple Sclerosis Society to support early diagnosis, enhance patient care, and advance global research for the treatment of Multiple Sclerosis. The Abu Dhabi-listed healthcare services company's shares closed the session 0.90% lower.Dubai Taxi Co.'s (DFM:DTC) first-half profit plummeted 67.7% year over year with a 14.7% decline in revenue due to low airport and tourism-related demand amid the ongoing regional developments in the country. Its shares were 0.94% in the red at the time of closing.

^DFMGI^FADGIADX:PUREHEALTHDFM:DTC

Mining & Metals22d ago

1911 Gold Files Short-Form Prospectus For C$31 Million Offering

1911 Gold (AUMB.V) overnight Thursday said it filed a short-form prospectus for a C$31 million bought deal offering of a combination of units.The underwriters have also been granted a 15% over-allotment option, a statement said.The offering is expected to close on July 29.

$AUMB.V

Research22d ago

RBC Raises Price Target on Medpace Holdings to $692 From $484, Keeps Outperform Rating

Medpace Holdings (MEDP) has an average rating of hold and mean price target of $588.91, 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)

$MEDP

International22d ago

US Dollar Falls Early Friday Ahead of S&P Flash, New Home Sales

The US dollar fell against its major trading partners early Friday ahead of the release of preliminary manufacturing and services estimates for July from S&P Global at 9:45 am ET, followed by new home sales data for June at 10:00 am ET.The Kansas City Federal Reserve's services reading for July is set to be released at 11:00 am ET, and the St. Louis Fed is due to update its GDP nowcast estimate for Q2 around midday.A quick summary of foreign exchange activity heading into Friday:EUR/USD rose to 1.1383 from 1.1378 at the Thursday US close but was below a level of 1.1405 at the same time Thursday morning. Preliminary Eurozone manufacturing and services PMI both improved in July to indicate modest expansion, according to data released earlier Friday. European Central Bank policy board member Philip Lane is due to speak at 11:30 am ET. The next European Central Bank meeting is scheduled for September 10.GBP/USD rose to 1.3326 from 1.3318 at the Thursday US close but was below a level of 1.3367 at the same time Thursday morning. UK retail sales rose at a slower pace in June than in May, but the year-over-year rates accelerated, while preliminary UK manufacturing and services PMI both indicated modest expansion in July, data released earlier Friday showed. The next Bank of England meeting is scheduled for July 30.USD/JPY fell to 163.7793 from 163.8239 at the Thursday US close but was above a level of 163.3720 at the same time Thursday morning. Japanese consumer price growth slowed in June, but the year-over-year rate accelerated. Preliminary Japanese manufacturing and services PMI declined in July but remained above the breakeven point, according to data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.USD/CAD fell to 1.4081 from 1.4083 at the Thursday US close and 1.4082 at the same time Thursday morning. Canadian industrial product, raw material and new home prices, all for June, are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 2.

$EUR/USD$GBP/USD$USD/CAD$USD/JPY

Research22d ago

JPMorgan Initiates Shattuck Labs at Overweight With $10 Price Target

Shattuck Labs (STTK) has an average rating of buy and mean price target of $15, 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)

$STTK

Research22d ago

Mizuho Initiates SunocoCorp at Outperform With $83 Price Target

$SUNC

Research22d ago

HSBC Initiates SpaceX at Hold With $115 Price Target

SpaceX (SPCX) has an average rating of overweight and mean price target of $236.72, 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)

$SPCX

Asia22d ago

Iyogin, Ehime Bank Plan Business Integration

Iyogin Holdings (TYO:5830) and Ehime Bank (TYO:8541) entered into a basic contract to conduct discussions regarding a potential business integration, according to a joint filing with the Tokyo bourse Friday.The companies are considering a share exchange targeted for April 1, 2027, in which Japanese lender Iyogin will become the parent of Ehime Bank, subject to the necessary approvals.Ehime Bank's shares are intended to be delisted from the Tokyo Stock Exchange before the effective date of the share exchange.The two parties intend to work together to ensure mutual growth by boosting their management base, improving financial intermediary functions, and creating a sustainable business model.

TYO:5830TYO:8541

Research22d ago

William Blair Initiates Mama's Creations at Outperform

Mama's Creations (MAMA) has an average rating of buy and mean price target of $22.43, 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)

$MAMA

Research22d ago

Mizuho Securities Downgrades Cheesecake Factory to Neutral From Outperform, Raises Price Target to $85 From $75

Cheesecake Factory (CAKE) has an average rating of hold and mean price target of $71, according to analysts polled by FactSet.

$CAKE

Showing 13041-13060 of 73687

Asia Markets22d ago

UAE Stocks Close Week Downbeat as Middle East Tensions Expand

^DFMGI^FADGIADX:PUREHEALTHDFM:DTC