Financial News · Live Terminal

Page 790 of 3515

Goldman Sachs Cuts Advanced Petrochemical PT, Keeps Neutral Rating

Goldman Sachs on Monday reduced its price target for propylene and polypropylene products company Advanced Petrochemical Co (SASE:2330) to 24.90 Saudi riyals from 28.70 riyals, with an unchanged neutral rating.(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)

SASE:2330

Equities27d ago

Goldman Sachs Cuts Sabic PT, Keeps Neutral Rating

Goldman Sachs on Tuesday decreased the price target for petrochemicals manufacturer Saudi Basic Industries (SASE:2010), d/b/a Sabic, to 56.20 Saudi riyals from 63 riyals and reiterated its neutral rating.(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)

SASE:2010

Equities27d ago

AlphaMena Downgrades Petro Rabigh to Reduce, Lifts PT

AlphaMena on Tuesday downgraded oil refining and petrochemical company Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, to reduce from add and raised its price target to 15.40 Saudi riyals from 15.00 riyals.(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)

SASE:2380

Equities27d ago

Goldman Sachs Boosts Adnoc Logistics & Services' PT, Keeps at Buy

Goldman Sachs on Tuesday increased the price target for energy maritime logistics company Adnoc Logistics & Services (ADX:ADNOCLS) to 7.50 Emirati dirhams from 6.70 dirhams and affirmed its buy rating.(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)

ADX:ADNOCLS

Mining & Metals27d ago

TelyRx Holdings Expands Operations in Clearwater, Florida

TelyRx Holdings (TELY.TO) is expanding its Clearwater headquarters and pharmacy operations, the company said on Tuesday.The expansion more than triples the company's overall footprint, the company added."Filling one million prescriptions is a milestone worth celebrating, but what matters most is how many customers come back for a second, third or tenth order," said CEO Vanessa Slowey. "Their repeat orders tell us that fast, affordable access to everyday medications is exactly what they've been waiting for. This added capacity helps us keep that promise as more people find us."

$TELY.TO

International27d ago

US June Core CPI Flat Vs. Expected 0.2% Increase, Prior 0.2% Gain

International27d ago

US June CPI Falls 0.4% Vs. Expected 0.1% Decrease, Prior 0.5% Gain

Research27d ago

First Quantum Minerals Upgraded to Buy at TD

First Quantum Minerals (FM.TO) was upgraded to Buy from Hold at TD Securities on Tuesday.Analyst Craig Hutchison raised his price target on shares of the Vancouver-based mining company to C$47 from C$42.TD Securities has an "expectation that financial conditions should improve post Q2 as hedges roll off, the balance sheet improves from asset sales, and based on an increased conviction that FM can reach a deal on a full restart of Cobre in late 2026 or early 2027 following the conclusion of the audit," Hutchison said in a note to clients.(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)

$FM.TO

Mining & Metals27d ago

Xtract One Selected to Modernize Security For Pharmaceutical Manufacturing, Distribution Facilities

Xtract One Technologies (XTRA.TO) has been picked to modernize weapons detection and entry security for a network of pharmaceutical manufacturing and distribution facilities, a new and vertical for the company.Initial system deployments, valued at C$0.5 million, are underway at facilities in California, Arizona and Ohio, with additional locations across multiple states scheduled to install Gateway this year and next. This engagement is the first phase of a broader rollout in an industry that has traditionally relied on legacy metal detection systems, a statement said.Xtract One Gateway delivers advanced weapons detection and is able to distinguish everyday items like laptops, notebooks, keys, cell phones, and metal water bottles from potential threats.

$XTRA.TO

Mining & Metals27d ago

Mining Americas Q2 Nevada Gold Production Aligns with 2026 Plan

Mining Americas (MAI.TO) produced 8,137 ounces of gold at the Pan mine in Nevada for the second quarter, in line with the company's 2026 mine plan, according to preliminary results released Tuesday.Mining Americas reported year-to-date production of 16,871 ounces of gold, and expects higher output in the second half on higher mining rates and increased waste stripping.The company, formerly Minera Alamos, reiterated its full-year 2026 gold production guidance of 32,000-38,000 ounces.

$MAI.TO$MAI.V

Research27d ago

Definity Financial Price Target Raised to C$84 at CIBC

CIBC Capital Markets raised its price target on Definity Financial (DFY.TO) to C$84 from C$74.Analyst Paul Holden maintained a Neutral rating on shares of the Canadian property and casualty insurance company ahead of its Q2 results on July 30."We expect a solid quarter for DFY and have increased our EPS estimate given no CAT loss update has been issued," Holden said in a note to clients."We remain concerned that consensus estimates for 2027 might be too high in the context of soft market conditions," the analyst said.(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)

$DFY.TO

Research27d ago

BofA Securities Downgrades Greif to Underperform From Neutral, Raises Price Target to $70 From $68

Greif (GEF) has an average rating of hold and mean price target of $76.60, 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)

$GEF

Mining & Metals27d ago

Uniserve Communications Secures C$1.8 Million Committed Growth Credit Facility

Uniserve Communications (USS.V) secured a fully committed C$1.8 million non-convertible credit facility to speed-up the execution of its long-term strategic plan, it said on Tuesday.Proceeds will be used to support the continued development of its Vancouver data centre, strategic acquisition opportunities, working capital needs associated with those initiatives, and other general corporate purposes, it said.Shares of the company closed unchanged at C$0.64 on Monday on the TSX Venture Exchange.

$USS.V

Mining & Metals27d ago

Thomson Reuters Sells 51% Stake in Global Print Business to KKR For $500 Million

Thomson Reuters (TRI.TO) is selling a 51% stake in its Global Print business to investment firm KKR for $500 million.The company will retain a 49% equity stake in the business, maintain intellectual property rights and full editorial control over its content portfolio. The two parties will form a joint venture that will hold an exclusive license to distribute the content in print and on ProView, Global Print's eBook platform, a statement said.Thomson Reuters has also agreed to provide undisclosed financial support for KKR to have a minimum return on its equity investment in the joint venture under "certain circumstances."The Thomson Reuters Global Print business provides legal and tax information in print format and via ProView. It also provides commercial printing services to book publishers."We believe this transaction with KKR provides our Global Print business with the focused investment, operational capabilities, and independence to thrive as a standalone business, while ensuring that Thomson Reuters printed content continues to reach the professionals who depend on it," said chief executive Steve Hasker.The transaction is expected to close in the fourth quarter of 2026.

$TRI.TO

Research27d ago

Denison Mines Initiated at Outperform, C$6 Price Target at RBC

Denison Mines (DML.TO) was rated Outperform with a C$6 price target in new coverage at RBC Capital Markets.Analyst Andrew D. Wong initiated coverage of the Canadian uranium company, adding a speculative risk qualifier to the rating, and said its flagship Phoenix project "is set to become Canada's next uranium mine to enter production and an extensive presence in the infrastructure-rich Eastern Athabasca Basin.""Phoenix has a potentially low-cost profile utilizing low-capex ISR mining, with construction underpinned by a strong balance sheet," Wong said in a note to clients. "We think Denison is well-positioned to benefit from a structural uranium deficit through the 2030s, with multiple projects in development through the next decade," the analyst said.(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)

$DML.TO

Mining & Metals27d ago

Bombardier to Provide Global 6500 Aircraft to South Korea

Bombardier (BBD-A.TO, BBD-B.TO) agreed to provide two Global 6500 aircraft for South Korea's Electronic Warfare program, the company said Tuesday.The order is in addition to an order of four Bombardier Global 6500 aircraft for Airborne Early Warning and Control announced in October 2025.The Global 6500 aircraft can operate in long ranges and high altitude, making it ideal for nations seeking to increase their airborne defense capabilities, Bombardier said.

$BBD-A.TO$BBD-B.TO

Asia27d ago

MicroTech Medical's Gets Marketing Nod for Glucose Monitoring System in South Korea

MicroTech Medical's (HKG:2235) LinX Continuous Glucose Monitoring System obtained marketing approval in South Korea.The approval was for use of the device for continuous glucose monitoring in adults, according to a Tuesday Hong Kong bourse filing.

HKG:2235

Asia Markets27d ago

Persian Gulf Turmoil, Higher Bond Yields Damp European Bourses Midday

European bourses tracked lower midday Tuesday as traders weighed fresh hostilities in the Persian Gulf, higher crude prices, and rising bond yields.Oil stocks led gains on continental trading floors, while bank, tech and property shares lagged.Front-month North Sea Brent crude-oil futures were up 3.5% at $86.19 a barrel in midday action.Yields on benchmark 10-year German bonds were higher, near 3.09% and testing 15-year highs.Investors also eyed mixed Wall Street futures, but higher closes overnight on Asian exchanges on a tech-sector recovery, and following strong June international trade reports from Beijing.In economic news, the UK's main problem is economic growth, Bank of England (BoE) Governor Andrew Bailey testified to the Treasury Select Committee of the Parliament. The renewed Persian Gulf hostilities could exacerbate inflation and financial instabilities, added Bailey.The pan-continental Stoxx Europe 600 Index was off 0.4% mid-session.The Stoxx Europe 600 Technology Index was down 1.1%, and the Stoxx 600 Banks Index lost 0.8%.The Stoxx Europe 600 Oil and Gas Index rose 1.1%, while the Stoxx 600 Europe Food and Beverage Index declined 0.5%.The REITE, a European REIT index, fell 1%.On the national market indexes, Germany's DAX was down 0.7%, and the FTSE 100 in London lost 0.2%. The CAC 40 in Paris was down 0.7%, and Spain's IBEX 35 eased 1%.The Euro Stoxx 50 volatility index was up 5.6% at 18.64, 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

Japan27d ago

US Equity Futures Mixed Pre-Bell as Middle East Tensions Intensify, Major US Banks Post Earnings

US equity futures were mixed pre-bell Tuesday as traders monitored the unabated rise of tensions in the Middle East, as well as the financial results of major US banks.Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.6% higher.US Central Command completed another series of attacks against Iran on Monday night, its third consecutive wave, aiming to "continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz," the command said in a post on X.Meanwhile, President Trump said the US is reinstating the blockade on Iranian vessels. "The U.S.A. will be, from this point forward, known as "THE GUARDIAN OF THE HORMUZ STRAIT," but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped," Trump said in a post on Truth Social.Traders digested the latest round of earnings, with JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) all reporting higher Q2 earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.4% at $86.15 per barrel and US West Texas Intermediate crude 2.1% higher at $79.80 per barrel.The June consumer price index, scheduled for release at 8:30 am ET, is seen declining 0.1%, compared with a 0.5% gain in the prior month, according to estimates compiled by Bloomberg.New Federal Reserve Chair Kevin Warsh will deliver his first semi-annual monetary policy report to the House Financial Services Committee, starting at 10 am ET.Federal Reserve Governors Lisa Cook, Michael Barr, Michelle Bowman, and Chicago President Austan Goolsbee are slated to speak on Tuesday.

Dow JonesNasdaq CompositeS&P 500$BAC$JPM$WFC

Mining & Metals27d ago

Canadian Goldfields Discovery to Begin Drill Program at Swayze Central Gold Project

Canadian Goldfields Discovery (CGM.V) expects to begin its inaugural, fully funded 1,500 meter diamond drill program at its 100%-owned Swayze Central Gold Project in Ontario on July 21, it said Tuesday.The drill program will test new targets identified through the company's ongoing geological review of historic data while also evaluating selected historical drill intercepts, said the company."Exploration activity at Swayze Central is rapidly advancing on multiple fronts, with drilling commencing alongside our ongoing soil sampling program," said Vice President Exploration Ian Dasti.

$CGM.V

Showing 15781-15800 of 70284