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RBC Lifts Price Target on Columbia Banking System to $35 From $34, Keeps Sector Perform Rating

Columbia Banking System (COLB) has an average rating of overweight and mean price target of $34.21, 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)

$COLB

Asia22d ago

ispace Unit, European Space Agency Sign EUR65 Million ESA Lunar Rove Deal

ispace's (TYO:9348) Luxembourg unit, ispace EUROPE, signed a supplemental agreement with the European Space Agency worth 65 million euros to develop a lunar rover for the MAGPIE mission.The Phase 2 agreement covers the rover's development, manufacturing, operation and transportation, according to a Friday Japan Exchange filing.The rover is planned to fly as a payload on ispace's Mission 4, scheduled for launch in 2029.The company said the contract has already been factored into its earnings forecast for the fiscal year ending March 2027.

TYO:9348

US Markets22d ago

Oracle Secures Nearly $7 Billion Enterprise Software Contract With Department of War

Oracle (ORCL) shares rose early Friday after the cloud computing company secured a 10-year enterprise software contract worth about $7 billion with the US Department of War.The agreement has a base value of $3.31 billion for the first five years and an overall value of $6.99 billion if all options are exercised, the technology giant said late Thursday.The contract will allow the Department of War organizations and contractors to procure Oracle's commercial offerings, including on-premises software and software-as-a-service applications, according to the company.The stock gained 2.7% in the most recent premarket activity, having lost about 38% so far this year.The deal enables "a more standardized and efficient path" for the DoW to obtain Oracle's cloud and artificial intelligence technology to support its mission-critical objectives, the company's executive vice president of government, defense and intelligence, Kim Lynch, said in a statement.The contract will improve the Department of War's enterprise usage visibility and help optimize its technology budget, it said in a separate statement."This nearly $7 billion agreement with Oracle strengthens our digital ecosystem, supporting our warfighters with secure, scalable technology to dominate current and future missions," DoW Chief Information Officer Kirsten Davies said.Last month, Oracle reported fiscal fourth-quarter results above Wall Street's estimates, buoyed by rising demand for cloud infrastructure driven by the AI boom. The company at the time maintained its fiscal 2027 revenue outlook and raised its non-GAAP earnings guidance to $8.05 per share.In a client note last month, Wedbush Securities said Oracle was "taking the right steps" to address the massive AI opportunity ahead, with its record backlog providing the revenue visibility to support its capacity buildout.

$ORCL

Equities22d ago

Equinor Upgraded to Sector Perform as RBC Notes Tailwind from Disruptions in Oil, Gas Markets

RBC Capital Markets views Equinor (EQNR.OL) as well placed to benefit from higher commodity prices amid expectations that disruptions in the oil and gas markets provide a significant tailwind for the energy sector."Ongoing disruptions in the Middle East continue to drive volatility in gas markets, and Qatar LNG outages have been more prolonged than anticipated. With winter pricing providing limited incentive to fill storage, we see room for European gas prices to remain elevated in 2026 and into 2027. This shifts the bear thesis on gas prices to the right, leaving Equinor's investment case more balanced than we previously assessed," analysts said in a Thursday note. "As one of the most gas-sensitive names in the European peer group and with no Middle East exposure, Equinor is a direct beneficiary of any sustained upside in commodity prices."As such, the stock's underperform rating was upgraded to sector perform, while the price target was increased to 420 Norwegian kroner from 360 kroner.The research firm also updated its forecasts, taking into account its latest commodity price deck and the energy group's second-quarter results. EPS projections for 2026 through 2028 were cut, mainly due to a lower price deck.

$EQNR.OL

Oil & Energy22d ago

Market Chatter: India-Bound Saudi Crude Cargo Transits Red Sea

An India-bound Greek tanker loaded with Saudi Arabian crude crossed the Red Sea after turning off its transponder, while a Chinese vessel and Russian cargoes moved in the direction of the Bab el-Mandeb strait despite increasing security concerns, Bloomberg reported Friday, citing ship tracking data.Western shippers intend to avoid the Bab el-Mandeb strait off Yemen after the Iran-based group declared a naval blockade of Saudi Arabia followed by strikes on Saudi vessels earlier this week. However, tankers from countries with strong trade ties to Iran, including China, have been making safe exits despite carrying Saudi Arabian cargo, while ships carrying Russian oil too have exited the strait regularly, the report said.The Greek tanker was detected in the Arabian Sea late Thursday. Meanwhile, a Hong Kong-owned supertanker loaded with Saudi crude headed toward Bab el-Mandeb, following the exit route taken by two Chinese tankers earlier, the report said.On Friday, brisk shipping traffic was observed through the Bab el-Mandeb, with several India-bound tankers loaded with Russian crude exiting the waterway, while others moved in the inward direction.(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.)

Asia22d ago

Chugai Pharmaceutical's H1 Profit Jumps 19%

Chugai Pharmaceutical (TYO:4519) posted a 19% year-over-year increase in net income in the first half to 231.7 billion yen from 194.4 billion yen a year earlier.Earnings per share were 140.82 yen compared with 118.12 yen a year earlier, according to a Tokyo Stock Exchange filing on Friday.Revenue rose 15% to 663.3 billion yen in the six months ended June 30 from 578.5 billion yen.The company declared an interim dividend of 66 yen per share, payable from Aug. 28.For the year ending Dec. 31, Chugai expects core net income of 485 billion yen, core EPS of 295.00 yen, and revenue of 1.345 trillion yen.

TYO:4519

Asia22d ago

Huadian Power International's Output, Sales Slip 11% in H1

Huadian Power International (SHA:600027, HKG:1071) generated 107.8 million megawatt-hours (MWh) of power in the first half of 2026, down 11% from a year prior.On-grid electricity sales also fell 11% to 101 million MWh, according to a Friday Hong Kong bourse filing.The lower output and sales were attributed mainly to the crowding out of the power generation space of existing units, as well as a drop in the utilization hours of thermal power units.Average tariff of on-grid electricity sold was roughly 517.70 yuan per MWh in the first half, up 0.2% year over year.

HKG:1071SHA:600027

Asia22d ago

Shin-Etsu Chemical's Net Income Rises 3.5% in Fiscal Q1

Shin-Etsu Chemical (TYO:4063) posted net income attributable to owners of the parent of 130.8 billion yen for the fiscal first quarter, up 3.5% from 126.4 billion yen a year earlier.Earnings per share rose to 70.24 yen from 66.45 yen a year earlier, according to a Tokyo bourse filing on Friday.Net sales increased 5.4% to 662.4 billion yen in the three months ended June 30 from 628.5 billion yen a year ago.The company raised its interim dividend forecast to 58 yen per share from 53 yen paid a year earlier and expects to pay a final dividend of 58 yen per share, bringing the projected annual payout to 116 yen.Shin-Etsu also raised its full-year forecast, projecting net income attributable to owners of the parent to rose 11% to 525 billion yen, earnings per share of 286 yen and net sales up 4.9% to 2.7 trillion yen for the fiscal year ending March 2027.

TYO:4063

Asia22d ago

Hana Financial Group Declares Q2 Dividend

Hana Financial Group (KRX:086790) declared a second-quarter dividend of 1,155 won per share, payable on Aug. 21 to shareholders as of the record date of Aug. 10, according to a Friday filing with the Korea Exchange.Shares of Hana Financial Group added over 1% at market close.

KRX:086790

Asia22d ago

Hana Securities' Profit Surges 440% in Q2

Hana Financial Group (KRX:086790) subsidiary Hana Securities posted a 440% year-over-year jump in profit attributable to owners of the parent to 169.8 billion won from 31.5 billion won for the second quarter of 2026, according to a Friday filing with the Korean Exchange.Net sales jumped 164% to 11.7 trillion won from 4.437 trillion won in the June quarter.Shares of Hana Financial Group added over 1% at market close.

KRX:086790

Commodities22d ago

Northeast Asia to Experience Above-Normal Temperatures Next Week, Raising Cooling Demand

Northeast Asia is expected to encounter elevated temperatures next week, according to weather forecasts, boosting demand for cooling at a time when energy prices are surging due to conflict tensions in the Middle East.Japan is likely to experience "very high" temperatures from mid-week, according to an early warning issued by Japan Meteorological Agency on Thursday, following a brief reprieve from hot weather over the weekend.This week, several regions in Japan have recorded temperatures beyond 40 degrees Celsius, including Tajimi, Gujo, and Toyoda, intensifying heatwaves and raising heatstroke alerts, while raising power demand through increased air conditioner use.Higher power consumption could deplete natural gas inventories in Japan, which relies on imports for most of its energy needs, Bloomberg reported.In China, temperatures exceeding 36 degrees Celsius are likely beginning Wednesday next week, forecasts show.Vaisala meteorologist Paul Markert, as cited by Bloomberg, said a high-pressure pattern will bring hot weather across parts of north and northeast China, with temperatures potentially exceeding normal levels by at least 5.5 degrees Celsius and likely reaching 36.9 degrees Celsius on Thursday and Friday.South Korea, some of which is already under an excessive heat warning, is expected to experience above-normal temperatures next week, potentially beyond 33 Celsius from Wednesday, according to the Korea Meteorological Administration.

Asia22d ago

Market Chatter: SoftBank Group Mulls Acquiring Gravis Robotics

SoftBank Group (TYO:9984) is mulling acquiring Gravis Robotics in a deal that could value the Swiss technology startup at $500 million, Bloomberg News reported Friday, citing people familiar with the matter.The Japanese technology investor plans to hold the interest in the robotics firm in a new subsidiary, Roze, the report said.The transaction can be completed in several stages, including the acquisition of existing shares and injecting additional capital over time, the report said.SoftBank Group and Gravis Robotics did not immediately respond to a request for comment from.(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.)

Nikkei 225TYO:9984

Research22d ago

Leerink Partners Upgrades Edwards Lifesciences to Outperform From Market Perform, Adjusts PT to $101 From $87

Edwards Lifesciences (EW) has an average rating of overweight and mean price target of $100.98, 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)

$EW

Asia Markets22d ago

Tech Caution, Persian Gulf Outlook Damp Asian Stock Markets

Asian stock markets fell back on Friday on overnight Wall Street cues, and as Persian Gulf hostilities continued to mount.Hong Kong, Shanghai and Tokyo finished in the red on soft tech sectors, as did most other regional exchanges. Seoul's semiconductor-heavy KOSPI index declined 5.7%, leading the regional downside.In Japan, the Nikkei 225 opened lower and lost ground, finishing off 2.7% as traders backed away from AI- and chip-related issuesThe benchmark Nikkei 225 fell 1,811.45 to 64,611.15, as losing issues outnumbered gainers 132 to 91.Leading the upside was software-quality tester Shift, up 8.2%, while semiconductor-manufacturing equipment maker Disco declined 12.3%.In economic news, Japan's flash composite purchasing managers index (PMI), a combination of the nation's manufacturing and service sectors, logged at 53.1 in July, up from 52.8 in June, and striking further above the 50-mark that separates growth from contraction, reported S&P Global.Japan's consumer price index-core (CPI-core), which strips out fresh foods, rose 1.6% in June year over year, up from a 1.4% on-year gain in May, but still notched below the Bank of Japan's 2% inflation target, according to the Statistics Bureau of Japan.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing down 1% as tech and property issues lost favor.The broad gauge Hang Seng fell 247.58 to 24,963.23 as losing issues outnumbered gainers 74 to 16. The Hang Seng TECH Index lost 1.5% on the day, while the Mainland Properties Index fell 2.3%.Leading the upside was Bank of China HK, gaining 6%, while Xinyi Glass declined 5.1%.On the mainland, the Shanghai Composite fell 1.6% to 3,814.20.On the other regional exchanges, the Taiwan TWSE declined 2.7%; the Australian ASX 200 declined 0.8%; the Singapore Straits Times Index rose 0.1%, and the Thai Set inclined 0.2%. In late trading in Mumbai, the Sensex was down 0.4%The MSCI All Country Asia Pacific Index fell 2.1% on the day.In other news, India's flash composite purchasing managers index (PMI), logged at 54.3 in July, down from 57.1 in June, reported S&P Global.

Hang SengNikkei 225Shanghai Composite

Asia22d ago

Fosun Pharma Unit Gets China Clinical Trial Approval for Parkinson's Drug

Shanghai Fosun Pharmaceutical's (HKG:2196) subsidiary Fosun Wanbang (Jiangsu) Pharmaceutical received approval from China's National Medical Products Administration to conduct a clinical trial of DM1001 Formulation for the treatment of signs and symptoms of Parkinson's disease, according to a Friday Hong Kong bourse filing.The company plans to commence a Phase I clinical trial in China once relevant conditions are met.

HKG:2196

Asia22d ago

Westports Seeks Listing of Shares Under Dividend Reinvestment Plan

Westports (KLSE:WPRTS) has applied to Bursa Malaysia for the listing and quotation of shares to be issued under its dividend reinvestment plan for the first interim dividend for fiscal 2026, according to a Friday Malaysian bourse filing.Westports declared a single-tier first interim dividend of 0.1498 ringgit per share on Thursday.The dividend reinvestment plan would apply to the payout, it said.

KLSE:WPRTS

Asia22d ago

Central Plains Environment Protection Subsidiary to Invest in Construction of Energy Management Service

Central Plains Environment Protection (SHE:000544) subsidiary Zhengzhou Sewage Purification formed a joint venture with Henan Yanlong Engineering Technology and will invest 23.4 million yuan in an integrated energy management service for a campus of the North China University of Water Resources and Electric Power.Zhengzhou Sewage Purification will hold 51% of the consortium and invest 11.9 million yuan, while Yanlong will hold 49% and invest 11.5 million yuan and will also be in charge of construction, according to a Friday filing with the Shenzhen bourse.The JV will install and maintain ground-source heat pump energy system, indoor air conditioning, and electrical systems, among other works.

SHE:000544

Asia22d ago

CCI Seeks Public Comments on IndiGo's Commitments, Pauses Antitrust Probe

InterGlobe Aviation (NSE:INDIGO, BOM:539448), the parent of IndiGo, said the Competition Commission of India has kept its antitrust investigation in abeyance after the airline filed a commitment application under the Competition Act.The CCI has invited comments, objections and suggestions from stakeholders on the proposal. The regulator has not taken a final decision on the matter, and the investigation remains open pending its review of the commitment proposal.The regulator had ordered a Director General investigation in February after IndiGo faced widespread flight disruptions in December 2025, with thousands of cancellations leading to passenger inconvenience and scrutiny of the airline's practices.IndiGo's proposed commitments include setting up a crisis management group to oversee passenger communication and recovery measures during major operational disruptions, along with other measures aimed at addressing the competition concerns raised by the regulator.

BOM:539448NSE:INDIGO

Mining & Metals22d ago

Earnings Flash (NPA-H.V) Alphinat Inc. Reports Q3 Revenue C$235K

$NPA-H.V

Asia22d ago

HMM Outlines 29 Trillion Won Long-Term Investment Strategy Through 2030

HMM (KRX:011200) said that it plans to invest 29 trillion won through 2030 as part of its mid- to long-term strategy, strengthening its competitiveness by expanding its shipping fleet, port infrastructure, and green initiatives.The South Korean shipping and logistics company said that it will increase its container fleet capacity to 1.47 million twenty-foot equivalent units across 166 vessels and its bulk carrier fleet to 13.52 million deadweight tonnage across 110 vessels, according to a Friday filing with the Korea Exchange.The company also plans to strengthen its sea network, secure terminal infrastructure at key overseas hubs, and achieve net-zero emissions by 2045.

KRX:011200

Showing 13081-13100 of 73686

Asia Markets22d ago

Tech Caution, Persian Gulf Outlook Damp Asian Stock Markets

Hang SengNikkei 225Shanghai Composite