Financial News · Live Terminal

Page 793 of 3509

Godawari Power & Ispat Temporarily Suspends Iron Ore Pellet Production

Godawari Power & Ispat (NSE:GPIL, BOM:532734) temporarily suspended operations at 2.0 million ton Iron Ore Pellet Plant in Raipur, Chhattisgarh, effective Tuesday, according to a same-day Indian bourse filing.The suspension comes about amid the curtailment of contracted gas supplies by GAIL, with upstream suppliers declaring a continuing force majeure situation.Another reason was the lower production of iron ore from the Ari Dongri Mines due to rains, making the production of pellets economically infeasible.

BOM:532734NSE:GPIL

Asia27d ago

Cathay Financial Books After-Tax Profit of NT$76.5 Billion in H1

Cathay Financial (TPE:2882) posted after-tax profit of NT$76.5 billion, or NT$4.95 per share for the six months of 2026.For June alone, the company posted after-tax profit of NT$16.6 billion, according to a Tuesday Taiwan Exchange filing.

TPE:2882

Asia27d ago

JHT Design's H1 Profit to Soar By Up to 150%

JHT Design (SHA:603061) expects its net profit attributable to owners for the first half to surge by between 111% and 150% year on year to a range of 160 million yuan to 190 million yuan, according to a Tuesday disclosure on the Shanghai bourse.The attributable profit a year earlier was 76 million yuan, or 1.32 yuan per share.The Chinese advanced integrated-circuit test handler's shares fell 2% at the close.

SHA:603061

Asia27d ago

Singapore Shares Claw Back Despite US Reinstating Iran Blockade

Singapore shares surge on Tuesday, despite the US president Donald Trump reinstating a blockade in the Gulf.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,411.59 and 5,501.31 throughout the day. It ended the session at 5,495.61, up 25.27 points or 0.5% compared to Monday's close.In economic news, Singapore's economy grew 5.7% year over year in the second quarter, easing from 6.3% in the previous three months, according to advance estimates released by the Ministry of Trade and Industry.On the corporate front, shares of EuroSports Global (SGX:5G1) closed over 2% higher as its subsidiary, Scorpio Electric, completed an on-road registration of its Lambda Scorpii electric motorcycle in Singapore.Lum Chang Creations (SGX:LCC) is set to transfer its listing from the Catalist board to the Mainboard of the Singapore Exchange on Thursday.Meanwhile, Singapore Shipping (SGX:S19) Chief Operating Officer Lim Bee Lan will step down from her role at subsidiary Island Line, effective Aug. 14, citing personal reasons.

^STISGX:5G1SGX:LCCSGX:S19

US Markets27d ago

BP Flags $1 Billion Impairment for Transition Businesses; Oil Trading Results Poised to Grow in Second Quarter

British oil an gas giant BP (BP.L) on Tuesday flagged $1 billion in impairments relating to transition businesses in its gas and low carbon energy segments as it signaled lower debt and positive oil trading results in the second quarter."BP is putting through a further $1bn of impairments in its transition businesses, although it is not disclosing which assets this relates to. Call it pre-divestment window dressing...better to take the hit now than show explicit value destruction at the point of sale. We believe both LightsourceBP and Archaea could face the chopping block (although not formally announced by the company as far) and see no place for either in BP's portfolio long term," RBC Capital Markets said in a quick-take note following the trading update.The group disclosed the impairments amid a bullish outlook for oil trading in the second quarter. For the three months ended June 30, the company expects oil trading results to be "slightly higher" than the first quarter, when it reported an exceptional contribution compared with the prior-year period.Citing seasonal maintenance primarily in the Gulf of America and the effects of the ongoing disruption in the Middle East, BP expects to report lower upstream production for the second quarter. The guidance range stands at 2.17 billion barrels of oil equivalent per day to 2.22 billion boe/d, compared with 2.34 billion boe/d in the first quarter.Meanwhile, the group is also expecting a positive impact of between $1.8 billion and $2.1 billion from realizations in its oil production and operations segment, including price lags on production in the Gulf of America and the United Arab Emirates.The company also expects net debt at the end of the second quarter to be in the range of $22 billion to $23 billion, down from $25.3 billion in the first quarter."BP's trading update was better than what we had modeled across most indicators, with strong realisations in the upstream alongside higher refining margin capture than we had modelled. These divisions were supported also by strong oil trading results," RBC added.BP shares rose more than 2% in early morning trading. The company will release its full second-quarter results on Aug. 4.

$BP.L

Mining & Metals27d ago

Li-FT Power Gets Court Approval of Option to Acquire Renard Mine Site

Li-FT Power (LIFT.V) has received approval from the Superior Court of Quebec of an option to acquire the Renard mine site, the company said Tuesday.Under the call option agreement with Stornoway Diamonds (Canada), which owns Renard, and 11272420 Canada, which owns Stornoway, LIFT may exercise the option for C$1 over a two-year period ending June 23, 2028.The option period will be used to confirm the feasibility of repurposing Renard for lithium processing, determine the optimal transaction structure and negotiate definitive acquisition deals.As consideration for the option, LIFT paid a C$12 million fee in cash.

$LIFT.V

Research27d ago

Barclays Downgrades AvalonBay Communities to Equalweight From Overweight, Adjusts PT to $205 From $203

AvalonBay Communities (AVB) has an average rating of hold and mean price target of $198.69, 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)

$AVB

Research27d ago

JPMorgan Downgrades Progressive to Neutral From Overweight, Price Target is $250

Progressive (PGR) has an average rating of hold and mean price target of $238.05, 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)

$PGR

Research27d ago

Barclays Downgrades Equity Residential to Equalweight From Overweight, Price Target is $76

Equity Residential (EQR) has an average rating of overweight and mean price target of $71.88, 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)

$EQR

US Markets27d ago

Japan Sees Steep Downward Industrial Production Revision in May

Japan's industrial production saw a sharp downward revision in May as the indicator contracted for the first time in six months, according to final data from the Ministry of Economy, Trade and Industry (METI) released Tuesday.The print fell 2.1% year over year in May, revised further downward from a preliminary 1.7% contraction reported two weeks ago and worse than the 1.7% forecast by Trading Economics. In April, industrial production grew 2%.A decline in pharmaceuticals and spirits drove the downward revision in production figures for the month, according to METI.Industrial production for the food and tobacco industry fell 3.5% year over year on a decline in spirits, biscuits, and noodles.The chemical industry also saw a 1.6% decline due to the contribution of the pharmaceutical sector.Petroleum and coal products rose 1.9% year over year during the month on contributions from gasoline, kerosene, and heavy oil.Automobile industrial production also declined 2.1%.Japanese aircraft engine parts saw industrial output rise 6.4% year over year in May.On a month-over-month seasonally adjusted basis, factory output edged up 0.1%, softer than the 0.5% growth in April and against the consensus forecast of a 0.5% increase, tracked by Investing.com.The lower monthly print pointed to supply chain risks and energy costs following tensions in the Middle East, according to Trading Economics.

Nikkei 225

Research27d ago

Baird Downgrades CoStar Group to Neutral From Outperform, Adjusts Price Target to $34 From $48

CoStar Group (CSGP) has an average rating of overweight and mean price target of $45.53, 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)

$CSGP

Research27d ago

Citic Securities Initiates Costco Wholesale at Add With $1,041 Price Target

Costco Wholesale (COST) has an average rating of overweight and mean price target of $1,089.59, 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)

$COST

Research27d ago

KeyBanc Downgrades Skyworks Solutions to Sector Weight From Overweight

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $72.21, 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)

$SWKS

Asia27d ago

Shanghai Electric Power Starts Operation of SPIC Binhai Project's First Unit

Shanghai Electric Power (SHA:600021) commenced the commercial operation of the Unit 5 of the SPIC Binhai Project, according to a Shanghai bourse filing on Tuesday.The project, located in the Binhai Port Area of Yancheng Port, Jiangsu Province, China, includes two 1,000-megawatt ultra-supercritical, coal-fired generating units.Unit 5, the first generating unit of the project, started operations after completing its 168-hour full-load trial operation. The second unit is expected to begin its commercial operation at the end of the third quarter.The power company's subsidiary, State Power Investment Corporation Jiangsu Electric Power, led the construction.

SHA:600021

Research27d ago

Seaport Global Upgrades TKO Group to Buy From Neutral, Price Target is $210

TKO Group Holdings (TKO) has an average rating of overweight and mean price target of $233.11, 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)

$TKO

Equities27d ago

Guideline Geo Secures SEK3 Million Order in Malaysia

Guideline Geo (GGEO.ST) received an order worth 3 million kronor in Malaysia, secured through a government tender alongside its local distribution partner.The geophysical technology company will provide its ground-penetrating radar equipment and its accompanying software suite, according to a Tuesday release.

$GGEO.ST

Research27d ago

JM Financial Upgrades Adani Energy Solutions to Buy from Add; Price Target is INR1,968

Adani Energy Solutions (BOM:539254, NSE:ADANIENSOL) has an average rating of overweight and mean price target of 1,498 Indian rupees, 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)

BOM:539254NSE:ADANIENSOL

Research27d ago

JM Financial Upgrades Torrent Power to Add from Reduce; Price Target is INR1,515

Torrent Power (NSE:TORNTPOWER, BOM:532779) has an average rating of hold and mean price target of 1,487 Indian rupees, 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)

BOM:532779NSE:TORNTPOWER

Research27d ago

UOB Kay Hian Upgrades Dohome to Buy from Hold; Price Target is THB4.50

Dohome (BKK:DOHOME) has an average rating of hold and mean price target of 3.76 baht, 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)

BKK:DOHOME

Asia27d ago

Daiken Biomedical's Australian Unit to Acquire Brisbane Property for AU$81 Million

Daiken Biomedical's (TPE:7780) Australian subsidiary, Daiken Investment One Australia, will acquire a real estate property in Brisbane for AU$81.1 million, according to a Tuesday filing with the Korean Exchange.The property comprises a land area of 4,564 square meters and a building area of 13,417 square meters.

TPE:7780

Showing 15841-15860 of 70179

US Markets27d ago

BP Flags $1 Billion Impairment for Transition Businesses; Oil Trading Results Poised to Grow in Second Quarter

$BP.L