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US Will Inflict Major Military Punishment Upon Iran For Any Future Strikes By Proxy Houthis, Trump Says

Morningstar Downgrades Equinor to Sell Rating

Morningstar on Thursday downgraded energy company Equinor (EQNR.OL) to sell from hold and maintained its price target at 311 Norwegian kroner.(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)

$EQNR.OL

International22d ago

Canada Advance Estimate of June Retail Sales Up 0.4%, StatsCan Says

Asia22d ago

Sinopec Reports Flat H1 Crude Oil Output

China Petroleum & Chemical (SHA:600028, HKG:0386), or Sinopec, said it produced 139.9 million barrels of crude oil in the first half of 2026, down 0.1% from 140 million barrels a year prior.Natural gas production climbed 0.7% year-on-year to 741.6 billion cubic feet, according to a Hong Kong bourse filing Thursday.Meanwhile, domestic sales of refined oil products dropped 9.2% year on year to 79 million tonnes, figures showed.

HKG:0386SHA:600028

Equities22d ago

Unions Call On BP Investors to Take Action Amid Worker Lockout at US Refinery

Labor groups prompted BP (BP.L) investors to pressure the oil and gas giant's board and executive leadership into taking action as the company continues to lock out 800 workers at its Whiting refinery in Indiana, US.The United Steelworkers, AFL-CIO, and IndustriALL Global Union said Thursday that the lockout, which has barred employees from reporting to work since March to pressure them into accepting concessions during labor talks, is creating governance, safety, and environmental risks.BP did not immediately respond to a request for comment from.

$BP.L

International22d ago

Canada Retail Sales Excluding Gas, Autos Rise 0.9% in May

Oil & Energy22d ago

Market Chatter: QatarEnergy Extends Force Majeure for Asian LNG Buyers

QatarEnergy, a state-owned liquefied natural gas giant, has prolonged force majeure for LNG supplies to several Asian buyers amid the closure of the Hormuz Strait, Reuters reported Thursday, citing trade sources.Force majeure notices set to expire in August and early September have been extended until mid-September for buyers in South Korea, India and Bangladesh. The company could potentially extend the force majeure until October, according to two trade sources.QatarEnergy was forced to shut LNG production units, declare force majeure on deliveries, and halt exports due to the Iran war. In the meanwhile, it has chartered out some of its LNG tankers through mid-October, indicating expectations of continued exports disruptions amid renewed hostilities between the US and Iran.Qatar is among the biggest LNG suppliers in the world and a prolonged disruption in supplies by the company would likely raise prices for key Asian buyers ahead of the Northern Hemisphere winter, the report said.has reached out to QatarEnergy 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.)

International22d ago

Canada's May Retail Sales Rise 1%, Matches Consensus

Mining & Metals22d ago

FLUENT to Sell New York License and Certain Operations

FLUENT (FNT-U.CN) entered into a definitive agreement with a third party operator to sell Etain, LLC, the company's operating entity in New York, it said Thursday.The agreement includes the sale of Etain's Registered Organization license, certain of the company's New York operating assets, and associated leases in New York in exchange for cash consideration, subject to customary purchase price adjustments, it said.The transaction remains subject to closing conditions, FLUENT added.

$FNT-U.CN$HMMJ.TO

International22d ago

June Chicago Fed National Activity Index -0.02 Vs. 0 Expected, -0.19 Prior

International22d ago

US Initial Jobless Claims 187,000 Vs. Expected 210,000, Prior 209,000

Mining & Metals22d ago

Obsidian Energy Completes C$75 Million Senior Notes Offering

Obsidian Energy (OBE.TO) closed its C$75.0 million existing 8.125% senior unsecured notes due Dec. 3, 2030, it said late Wednesday.The additional notes were issued at 102.75% of their face value resulting in an effective yield of 7.186% and proceeds of C$77.9 million, it said. Proceeds will be used to pay down indebtedness under the company's syndicated credit facility, fund general corporate expenses and to pay related transaction expenses.The principal amount of the notes outstanding increased from C$175.0 million to C$250.0 million upon closing.Shares of the company closed up 1.8% to C$14.36 on Wednesday on the Toronto Stock Exchange.

$OBE.TO

Wire22d ago

Alphabet's Google Fined by EU Over Digital Markets Act Violations

Alphabet's (GOOGL) Google was fined a total of 890 million euros ($1.04 billion) by the European Commission on Thursday after the regulator found the company violated the Digital Markets Act through self-preferencing in Google Search and anti-steering practices on Google Play.The Commission fined Google 460 million euros over its Google Search practices and 430 million euros for restricting app developers from steering users to alternative purchasing channels outside Google Play.The European Commission ordered Google to end the violations within 60 days by treating third-party services fairly in search rankings and allowing app developers to freely communicate and promote offers outside Google Play.Failure to comply could result in periodic penalty payments of up to 5% of Google's total worldwide turnover, it added.Google said the Commission's implementation of the Digital Markets Act degrades products for European users and raises security risks on Google Play.The company said it is reviewing the decision and evaluating all options, including an appeal.Alphabet shares were down 4.7% in premarket activity.

$GOOG$GOOGL

Commodities22d ago

Union Asks Investors to Engage in BP Whiting Refinery Labor Dispute

A union coalition on Wednesday urged investors to engage BP's (BP) leadership over the company's decision to lock out about 800 workers at its Whiting Refinery in Indiana beginning March 19.The United Steelworkers, AFL-CIO, and IndustriAll Global Union also urged the company to end the lockout and initiate a fair agreement negotiation.BP locked out members of the USW Local 7-1 after workers rejected a proposal that, according to the union, would have "frozen wages, weakened safety protections, eliminated jobs, restructured job classifications, and dramatically undermined the role of the union at the facility."The company initiated the lockout despite the workers' willingness to continue working while in negotiations, the statement said.BP continues to operate the refinery despite the move, creating "unnecessary operational, financial and reputational risks at a time of continued volatility in global energy markets," the coalition said.BP did not immediately respond to' request for comment.

$BP

Research22d ago

CGI Downgraded to Hold at TD, Price Target Lowered to C$99

CGI Inc. (GIB-A.TO) was downgraded to Hold from Buy at TD Securities on Thursday.Analyst David Kwan lowered his price target on shares of the Montreal-based information technology consulting company to C$99 from C$102."The stock has significantly outperformed in recent months, especially versus" Accenture (ACN), Kwan said in a note to clients. "We don't view Q3 consensus as aggressive, but we think any miss/weak data point(s) could lead to near-term pressure in the stock," the analyst said.CGI is set to report fiscal Q3 results on July 29.(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)

$GIB-A.TO

Research22d ago

B. Riley Initiates AgomAb Therapeutics at Buy With $34 Price Target

AgomAb Therapeutics NV ADR (AGMB) has an average rating of buy and mean price target of $32.53, 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)

$AGMB

Mining & Metals22d ago

Horizon Petroleum Executes Drilling Contract For Lachowice-7 Well in Poland

Horizon Petroleum (HPL.V) has executed a drilling and services contract for the Lachowice-7 (L7) well on the Bielsko-Biala concession in southern Poland, the company said Thursday.Rig mobilization is scheduled for July 27, with field operations expected to begin soon after.Additionally, the company has raised C$681,000 in its convertible debenture units offering. The debentures bear interest at 7% per annum and each debenture unit holder may convert their debentures units into equity units.Proceeds from the offering will be used to complete the workover and production testing of the Lachowice-7 gas well, and pay work program obligations in the Cieszyn concession, Horizon said.

$HPL.V

Treasury22d ago

Amadeus IT Group Bags EUR1.2 Billion Syndicated Facility to Fund Idemia Public Security Purchase

Amadeus IT Group (AMS.MC) said Thursday it secured a 1.2 billion-euro syndicated bridge loan to fund its planned acquisition of French biometrics and identity services provider Idemia Public Security.The Spanish software company signed the deal on April 29 to purchase Idemia for 1.2 billion euros. The deal, expected to close in mid-2027, also includes a potential earn-out of up to 150 million euros.The facility has a one-year maturity, with two six-month extension options.

$AMS.MC

International22d ago

European Central Bank Keeps Interest Rates Unchanged

^SXXP

Asia22d ago

Infosys Names CEO Designate

Infosys (NSE:INFY, BOM:500209) named Ashiss Kumar Dash as its CEO designate until March 31, 2027, according to a Thursday Indian bourse filing.The company also said it intends to appoint Dash as its CEO and managing director effective April 1, 2027.

BOM:500209NSE:INFY

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