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BofA Securities Downgrades W. R. Berkley to Underperform From Neutral, Cuts Price Target to $68 From $74

W. R. Berkley (WRB) has an average rating of hold and mean price target of $68.47, 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)

$WRB

Mining & Metals26d ago

Loonie's Moves Rest More on US Dollar Weakness Than Central Bank Policy, Commerzbank Says

The recent moves in the loonie have been driven primarily by broad-based U.S. dollar weakness rather than Canada-specific developments, Commerzbank said in a note Thursday.Last week's jobs data suggest that a reversal in the Canadian dollar's strengthening trend is unlikely to be driven by domestic factors, a view further supported by Wednesday's Bank of Canada decision to keep its benchmark lending rate unchanged, Commerzbank FX Analyst Michael Pfister said in the note.The Canadian currency traded at C$1.4031 early Thursday, off its late June levels of C$1.4232, which was the weakest for the loonie in more than a year.Markets had already largely discounted the possibility of near-term tightening, with year-end rate-increase expectations falling to just below 20 basis points before the decision, down from more than 50 basis points in March and April, the bank said."We continue to assume that an interest rate hike will only occur if there is a sustained improvement in real economic data by December," Pfister said. "But it is likely to take some time for this improvement to materialize."Further declines in the greenback against the loonie in the coming weeks are likely to be driven primarily by continued weakness in the U.S. dollar, according to Commerzbank.

$CAD$CXY$USD/CAD

Asia26d ago

PC Partner Expects H1 Profit to Double on Higher Branded Product Prices

PC Partner Group (HKG:1263) expects to report a net profit attributable to shareholders of about HK$500 million for the six months ended June 30, up from HK$250 million a year prior, according to a Thursday filing with the Singapore exchange.The company attributed the forecast to increase in average selling price of branded products.

HKG:1263

Oil & Energy26d ago

Market Chatter: Crude Oil Loading Suspended at Iraqi Terminals After 2nd Drone Incident

Loading of crude oil was suspended at all of Iraq's terminals on Thursday after a drone crashed into an oil tanker at a terminal in Basra, without causing damage or fire, Reuters reported, based on accounts from four Iraqi oil and security sources.The country's oil terminals are located in the south of the country and it was not clear who had sent the drone. The tanker was towed out of the port with another as a precaution.This came after a similar incident on Wednesday during which a drone crashed down in Iraq's Faw port, also without causing damage. Port operations continued as normal after that.Iraq's Ministry of Transport did not immediately reply to a request for confirmation and 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.)

Asia26d ago

ENM Holdings Warns of Swing to H1 Loss

ENM Holdings (HKG:0128) expects an attributable loss of around HK$8.7 million for the six months ended June 30, compared with an attributable profit of HK$9.7 million a year prior, according to a Thursday filing.The fashion retailer and investment holding company attributed the forecast to a decline in the fair value of the private equity funds in its investment portfolio, as well as a 31% drop in net realized and unrealized gains from the remaining portfolio.

HKG:0128

Asia26d ago

Stella International's Revenue Rises Ticks Up in Q2

Stella International Holdings (HKG:1836) posted a 1.2% increase in revenue to $449.3 million in the second quarter from $444.0 million a year earlier.The footwear products company's consolidated revenue for the six months ended June 30 ticked up 1.5% year over year to $786.7 million, according to a Thursday Hong Kong bourse filing.

HKG:1836

Commodities26d ago

Market Chatter: China's 1st Potential US LNG Cargo in More Than Year Docks at Port

A tanker that loaded liquefied natural gas at Venture Global's (VG) Plaquemines facility in Louisiana in June was moored at China's Yangpu port on Thursday, according to Bloomberg's ship-tracking data, and could be China's first US LNG cargo since tariffs were imposed in February 2025.If Al Fat'h unloads its cargo at the port, this would mark the first import since the US and China exchanged tit-for-tat tariffs. It also reflects changes in trade patterns following geopolitical developments in the Middle East, Bloomberg said.However, it is also possible that the shipment will be re-exported since the port has historically reloaded several cargoes over the past year, according to the report.China's National Energy Administration did not immediately respond to' request for comment.(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.)

$VG

Asia26d ago

Johnson Electric's Sales Climb 2% in Fiscal Q1

Electro-mechanical component company Johnson Electric (HKG:0179) recorded sales of $936 million for the three months ended June 30, up 2% from $915 million a year prior.Sales of automotive products jumped 2% year over year to $778 million, while those of industry products increased 6% to $158 million, according to a Thursday Hong Kong bourse filing.

HKG:0179

Mining & Metals26d ago

Dryden Gold Receives Drill Permit to Test High-Priority Mud Lake Discovery Target

Dryden Gold (DRY.V) received the exploration permit for its Mud Lake target, it said in a statement on Thursday.With the permit, the company is allowed to drill test extension targets identified through its 2025 drill program and geological mapping."We are increasingly encouraged by the prospect that the Manitou Dinorwic deformation zone ("MDdz") could host multiple gold deposits along strike," said Dryden Gold CEO Trey Wasser. "With our strong treasury providing a robust 2026 field program, our exploration teams will continue mapping and prospecting at several additional high-priority targets across the Gold Rock Camp."The company also said that a second drill is now operating and is testing the depth extensions of the known high-grade gold zones while the other drill is expanding the structural footprint at Gold Rock. One rig will be deployed to drill Mud Lake in early August, it added.Shares of the company closed down 3.9% to C$0.245 on Wednesday on the TSX Venture Exchange.

$DRY.V

Asia Markets26d ago

UAE Stocks Blink Red as US-Iran Conflict Intensifies

Shares in the United Arab Emirates ended Thursday lower amid the continued exchange of attacks between the US and Iran, with no signs of easing.At the close of trading, the FTSE ADX General Index fell 0.51%, while the DFM General Index was 0.261% in the red.The US intensified its attacks on various Iranian targets, while the latter targeted US bases in Jordan, Kuwait, and Bahrain. The recent escalation is also driving volatility in oil markets as shipping through the Strait of Hormuz remains depressed."There has already been a significant drop-off in exports through the Strait since fighting resumed a week ago, with 7DMA flows down around 4.6 mb/d, to an average of 3.9 mb/d, and the IMO today stating the Strait is too dangerous for commercial vessels to cross. Even if President Trump opts for something of a strategic retreat, we do not see Hormuz traffic returning to pre-war levels as long as shippers have to contend with the threat of mines, missiles, drones, and Tehran tolls," RBC Capital Markets said.Back home and on the corporate front, shares of Gulf Pharmaceutical Industries (ADX:JULPHAR), d/b/a Julphar, closed the session 0.97% lower. The pharmaceutical company's unit, Planet Pharmacies, concluded the deal to sell its Oman-based Scientific Pharmacy business.Meanwhile, in Dubai, Salik (DFM:SALIK) and the Dubai Integrated Economic Zones Authority partnered to deliver seamless mobility services through access control systems and parking optimization tools at more than 21,000 parking spaces across Dubai Airport Freezone, Dubai Silicon Oasis, and Dubai CommerCity. Salik ended the session 0.18% higher.

^DFMGI^FADGIADX:JULPHARDFM:SALIK

Equities26d ago

Raymond James Adjusts Price Target on Devon Energy to $64 From $66, Maintains Strong Buy Rating

Devon Energy (DVN) has an average rating of buy and mean price target of $59.62, 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)

$DVN

Asia26d ago

Waaree Energies Unit Launches Battery Energy Storage Facility

Waaree Energies (NSE:WAAREEENER, BOM:544277) unit Waaree Energy Storage Solutions launched its battery energy storage system container manufacturing facility.The site has a capacity of 5.15 gigawatt-hours and marks the first milestone in the subsidiary's plan to achieve 20 GWh manufacturing capacity, according to a Thursday filing with the Indian bourse.

BOM:544277NSE:WAAREEENER

Mining & Metals26d ago

Trilogy Metals Expects Environmental Review Decision on Arctic Project in September 2028

Trilogy Metals (TMQ.TO) said Thursday a coordinated federal and state permitting schedule for its Arctic copper-zinc-lead-gold-silver project in Alaska targets a Record of Decision for September 2028.The Federal Permitting Improvement Steering Council published the coordinated permitting schedule on its permitting dashboard, confirming the U.S. Army Corps of Engineers as the lead federal agency for the environmental review.The schedule follows the project's designation under the FAST-41 permitting process in May and Trilogy's application for a Clean Water Act Section 404 permit in April.Trilogy is advancing the project through Ambler Metals, its 50/50 joint venture with South32.

$TMQ.TO

Research26d ago

Stifel Initiates EyePoint Pharmaceuticals at Buy With $40 Price Target

EyePoint Pharmaceuticals (EYPT) has an average rating of buy and mean price target of $40.50, 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)

$EYPT

Research26d ago

Raymond James Upgrades AeroVironment to Outperform From Market Perform, Price Target is $210

AeroVironment (AVAV) has an average rating of buy and mean price target of $226.42, 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)

$AVAV

Research26d ago

Jefferies Downgrades Nutrien to Hold From Buy

Nutrien (NTR) has an average rating of overweight and mean price target of CA$109.11, 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)

$NTR

Research26d ago

Canaccord Genuity Initiates Relay Therapeutics at Buy With $29 Price Target

Relay Therapeutics (RLAY) has an average rating of buy and mean price target of $25.38, 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)

$RLAY

Research26d ago

Northland Securities Initiates Teamshares at Outperform With $14 Price Target

$TMS

Research26d ago

Scotiabank Upgrades TFI International to Sector Outperform From Sector Perform, Adjusts Price Target to CA$260 From CA$200

TFI International (TFII) has an average rating of overweight and mean price target of CA$231.43, 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)

$TFII

Research26d ago

Morgan Stanley Upgrades Rocket Companies to Overweight From Equalweight, Adjusts Price Target to $19 From $18

Rocket Companies (RKT) has an average rating of overweight and mean price target of $19.23, 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)

$RKT

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