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Shandong Boan Biotechnology Gets Trial Nod for Lung Cancer Drug in China

Shandong Boan Biotechnology (HKG:6955) obtained approval for a phase II clinical trial of its anti-CD25 antibody BA1106 from China's National Medical Products Administration.The drug is being tested in combination with a PD-1 inhibitor BA1104 as first- or second-line regimen for non-small cell lung cancer, according to a Thursday filing.

HKG:6955

Equities34d ago

Chevron Seen Offering Positive Risk-Reward on Improving Execution, RBC Says

Chevron (CVX) continues to offer positive risk-reward as declining capital intensity across key upstream projects and emerging opportunities across its portfolio strengthen the company's long-term outlook, RBC Capital Markets said in a Thursday note.The investment firm said Chevron has moved beyond a capital-intensive investment phase, with the Permian and Kazakhstan projects now contributing toward free cash flow harvest mode.RBC also said the recently acquired Hess assets are expected to support volume growth over the coming years.The firm said management remains focused on balance sheet strength and project execution despite recent oil price volatility.RBC maintained its outperform rating on Chevron and $220 price target.

$CVX

Asia34d ago

Country Garden Logs 2.45 Billion Yuan in June Contracted Sales

Country Garden (HKG:2007) recorded attributable contracted sales of around 2.45 billion yuan in June, according to a Thursday filing.The property company's attributable gross floor area for the month stood at roughly 300,000 square meters.

HKG:2007

Mining & Metals34d ago

Ballard Power Systems Price Target Raised to US$5.25 at ATB

ATB Cormark Capital Markets raised its price target on Ballard Power Systems Inc. (BLDP.TO, BLDP) to US$5.25 from US$4.30 on Thursday.Analyst MacMurray Whale maintained a Sector Perform rating on shares of the Burnaby, BC-based developer and manufacturer of proton exchange membrane fuel cell products.On June 23, Ballard announced the acquisition of GeoPura, a zero-emission hydrogen-based power solutions provider.

$BLDP$BLDP.TO

US Markets34d ago

Stocks Mostly Up Pre-Bell Ahead of Key Jobs Report

US equity markets were mostly tracking in the green before the opening bell Thursday as traders await a key employment report for June.The S&P 500 was slightly in the green in premarket activity, while the Nasdaq was off 0.4%. The Dow Jones Industrial Average rose 0.2%. The indexes finished the previous trading session lower.US markets will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.The nonfarm payrolls report for last month is scheduled to be released at 8:30 am ET. Government data is expected to show that the US economy added 115,000 jobs in June, compared with a 172,000 gain reported for the month prior, according to a Bloomberg poll.Employment in the US private sector increased less than expected in June, ADP (ADP) data showed Wednesday. Separately, Challenger Gray & Christmas said American employers announced 45,849 layoffs last month, down 53% from May and 4% from a year earlier. The reading marked the lowest monthly total since December 2025.Earlier in the week, government data showed job openings were little changed in May as hiring fell and separations rose.Treasury yields were trending upwards in premarket action, with the two-year rate rising 0.8 basis points to 4.17% and the 10-year rate adding 1.8 basis points to 4.49%.Federal Reserve Chair Kevin Warsh said Wednesday that inflation risks have eased, suggesting the central bank may be headed for another policy pause.The Fed remains committed to delivering price stability in the US, he said, reiterating what the Federal Open Market Committee said in its June policy statement."Inflation risks have come down," Warsh said at a European Central Bank forum in Portugal. "If there were people in household or the business sector or the financial markets who thought that this central bank was going to be comfortable with an inflation objective above 2%, well, I guess they'd be disappointed."Markets widely expect the Fed to keep rates unchanged again when it meets toward the end of July, according to the CME FedWatch tool.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am and the weekly Baker Hughes oil-and-gas rig count at 1 pm. Federal Reserve Bank of San Francisco President Mary Daly is slated to speak at 7:45 am.President Donald Trump told reporters on Wednesday that negotiations with Iran in Qatar were progressing, according to CNBC. "The denuclearization of Iran is moving along well," according to Trump. "They've had very good meetings and we'll see."US special envoys Jared Kushner and Steve Witkoff landed in Qatar on Tuesday for technical discussions tied to the initial agreement between Washington and Tehran.Qatar's Foreign Ministry said "positive progress" had been made in talks, Bloomberg News reported.West Texas Intermediate crude oil decreased 1.4% to $67.60 a barrel before the open, while Brent slipped 1.3% to $70.66.Shares of Meta Platforms (META) nudged 0.1% lower pre-bell after finishing Wednesday trading with an 8.8% jump.The Facebook and WhatsApp parent was reported to be building a cloud infrastructure business to sell access to artificial intelligence computing power and models, setting up a new area of competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOG, GOOGL) Google Cloud.Micron Technology (MU) fell nearly 2% while CoreWeave (CRWV) slipped 1.5%.Gold was slightly in the green at $4,083 per troy ounce, while bitcoin rose 1.7% to $61,199.

Dow JonesNasdaq CompositeS&P 500$AMZN$CRWV$GOOG$GOOGL$META$MSFT$MU

Asia34d ago

Poly Property Expects to Log H1 Loss of Up to 800 Million Yuan

Poly Property Group (HKG:0119) expects to report an attributable loss of 700 million yuan to 800 million yuan for the first half ended June 30, compared with a profit of 208 million yuan a year earlier.The company attributed the expected loss to lower revenue as fewer property projects were delivered during the period, according to a Hong Kong bourse filing on Thursday.

HKG:0119

Asia34d ago

CSPC Pharma Begins Tumor Drug Trial in China

CSPC Pharmaceutical (HKG:1093) began the phase 1 study of SYH2095 tablets, co-developed with Hangzhou Innogate Pharma, in China.The drug is being tested to treat advanced malignant tumors as a monotherapy or in combination regimes.

HKG:1093

Equities34d ago

Equinor Maintained at Underperform as RBC Notes International Growth Efforts

RBC Capital Markets maintained its underperform rating on Equinor (EQNR.OL), citing a "more cautious" view on the international gas market in the coming years and the company's relative valuation."As in recent years, European gas prices are set to dominate the investment case for Equinor. If repairs to damaged facilities in Qatar from the US-Iran war take much longer than expected or LNG flows through the Strait take a long time to normalise, this could drive material upside for prices. Our base case assumes a revert to norm over the course of the coming months, which still leaves us in a relatively sloppy international gas macro for 2027+," analysts said Thursday, following the Norwegian energy company's recent capital markets day and roadshow events with its executives.The research firm also noted Equinor's efforts in further expanding its growth projects globally, with increasing focus in the international exploration and production segment as it aims to achieve a 30% growth in international oil and gas production by 2030.The price target for the stock stands at 360 Norwegian kroner.

$EQNR.OL

Research34d ago

BCE Upgraded to Buy at TD

BCE Inc. (BCE.TO) was upgraded to Buy from Hold at TD Securities on Thursday.Analyst Vince Valentini maintained a price target of $37 on shares of the Canadian media and telecom company."BCE shares have declined approximately 13% since early June, a move we believe has been driven largely by headline risk around potential SpaceX/Starlink disruption," Valentini said in a note to clients."We continue to believe the company's long-term fundamentals and dividend are intact, and we expect incremental DC contract announcements over the next few months," the analyst said.The analyst said BCE's Q2 results on August 6 should be a "non-event" with no changes expected in 2026 guidance, and some one-time item headwinds "that can be easily explained".

$BCE.TO

Japan34d ago

US Equity Futures Little Changed Thursday Pre-Bell as Investors Await Key Employment Data

US stock futures were quiet in Thursday's premarket session as investors awaited key employment data set for release later in the morning.Dow Jones Industrial Average futures rose 0.2%, S&P 500 futures were up close to 0.1%, and Nasdaq futures slipped 0.2%.Oil prices were lower, with front-month global benchmarks Brent crude dropping 1.7% to $70.38 a barrel, while West Texas Intermediate crude was down 1.9% to $67.27 a barrel.Investors are looking ahead to the weekly initial jobless claims data and the unemployment and average hourly earnings figures for June, all of which will be released by the US Bureau of Labor Statistics at 8:30 am ET.Initial jobless claims are expected to rise to 218,000 for the week ended June 27, from 215,000 the previous week, according to analysts polled by Bloomberg. The unemployment rate for June is forecast to remain at 4.3%, while average hourly earnings are expected to rise by 0.3% from May, according to Bloomberg.

Dow JonesNasdaq CompositeS&P 500

Mining & Metals34d ago

Altrova Health Appoints Tony Clement as Chairman; Raf Souccar Steps Down

Altrova Health (ROVA.CN) has appointed Tony Clement to serve as chairman, as Raf Souccar has resigned as chairman and as a member of its board of directors, it said Thursday.Souccar will continue in Altrova Health in an advisory capacity, it said.Clement, who has served as a member of the board, is a former Canadian federal cabinet minister who served as Minister of Health, Minister of Industry, and President of the Treasury Board under Prime Minister Stephen Harper, said the company. He has also served as Ontario's Minister of Health and Long-Term Care under Premiers Mike Harris and Ernie Eves, added Altrova.

$ROVA.CN

Mining & Metals34d ago

Aimia Repurchased 165,400 Shares in June Under NCIB

Aimia (AIM.TO) bought back 165,400 shares in the month of June under its normal course issuer bid program (NCIB), the company said Thursday.Aimia paid a weighted-average price of C$2.79 per common share for a total of C$461,373, a statement said.

$AIM.TO

Asia34d ago

Kotak Mahindra Bank Completes INR95.9 Billion Loan Portfolio Transfer From Subsidiary

Kotak Mahindra Bank (NSE:KOTAKBANK, BOM:500247) completed the direct assignment of a loan portfolio worth 95.9 billion rupees from its wholly owned subsidiary, Kotak Mahindra Investments (KMIL), effective July 1.The transfer forms part of the bank's plan to bring KMIL's business activities within the bank, according to an Indian bourse filing on Thursday. The bank had earlier disclosed plans to acquire KMIL's loan portfolio and non-treasury investments, which together amounted to 106.4 billion rupees as of March 31, in one or more tranches.

BOM:500247NSE:KOTAKBANK

Mining & Metals34d ago

Carriage Hill Acquisition of InterRent REIT Clears All Closing Conditions

All closing conditions regarding Carriage Hill Properties Acquisition's plan to acquire InterRent Real Estate Investment Trust (IIP-UN.TO) have been satisfied, InterRent said Thursday.Under the terms, Carriage Hill will acquire all of units of the REIT, other than certain units of retained interest holders, for C$13.55 per unit in cash.Units of the REIT are expected to be delisted from the Toronto Stock Exchange following the deal's close, which is expected on or about July 9, according to InterRent.

$IIP-UN.TO

Asia34d ago

Guangzhou Automobile Group's Sales, Output Decline in June

Guangzhou Automobile Group or GAC's (HKG:2238, SHA:601238) total sales declined 3.5% to 144,866 units in June from 150,075 units a year ago, according to a filing with the Hong Kong bourse.Production for the month slipped 5.1% to 145,406 units from 153,270 units in the prior year.For the six months of 2026, sales climbed 2.4% year over year to 773,085 vehicles, while output slipped 0.6% to 796,778 units.

HKG:2238SHA:601238

International34d ago

Hong Kong's Retail Sales Grow 7.9% in May

Hong Kong logged a 7.9% annual growth in total retail sales value in May at HK$33.8 billion, compared with the revised increase of 8.7% in the previous month, provisional government data showed Thursday.The Hong Kong Census and Statistics Department added that year-to-date sales from all retail outlets was up 8.2% on an annual basis.

Hang Seng

Commodities34d ago

Kyrgyzstan Turns to Neighbors for Fuel as Russian Supply Risks Mount

Kyrgyzstan is asking neighbors and allies Kazakhstan, Belarus, Azerbaijan, Uzbekistan and Turkmenistan to help shore up its fuel supplies, as relentless Ukrainian drone attacks against Russian oil refineries lead to fears of shortages, according to media reports.The landlocked Central Asian country of 7 million, which imports 90% of its gasoline from Russia, has come under pressure as Russia hints at a potential ban on diesel exports, in order to deal with its own mounting domestic shortages.Kyrgyzstan's Energy Ministry has since sent official requests to several neighboring nations and allies to ensure steady supplies.While the ministry maintained that the country's fuel stocks were sufficient, Kyrgyzstan's oil traders' association has said that certain filling stations were experiencing shortages of AI-95 gasoline, according to a Reuters report.The ministry said that the more widely-used AI-92 was available for the next 30 to 45 days, along with diesel, which is critical for the harvest season.The country said it was accelerating efforts to diversify its fuel sources, with participants during the recent Eurasian Economic Union exploring this, with a few concrete agreements being reached, according to a report by The Times of Central Asia.

International34d ago

Atlanta Fed US Q2 GDP Nowcast Estimate 1.2% Gain Vs. Previous 2.5% Gain

Research34d ago

Paladin Energy Upgraded to Outperform at RBC

Paladin Energy (PDN.TO) was upgraded to Outperform from Sector Perform at RBC Capital Markets.Analyst Alistair Rankin raised his price target on shares of the Western Australia-based uranium company to A$13.50 from A$11.00."Patterson Lake South (PLS) is shaping up to be one of the most significant uranium developments globally, and we have lifted our valuation driven by both its probability of development and its ultimate scale," Rankin said in a note to clients.Rankin said he increased his valuation for PLS as a result of three compounding changes: "removal of our 75% risk weight, an increase in our long-term uranium price assumption to US$110/lb, and the addition of A$1.7 Billion in resource upside potential reflecting what we view as highly probable further discoveries."

$PDN.TO

Asia Markets34d ago

UAE Stocks Close Mixed Ahead of PMI Data

United Arab Emirates shares ended on both sides of the spectrum as investors will shift their focus to the upcoming release of the country's key economic indicator.At the close of Thursday trading, the FTSE ADX General Index added 0.216%, while the DFM General Index lost 0.324%.Investors will await the release of the closely-watched UAE S&P Global Purchasing Managers' Index data for June on Friday to see how the region's non-oil private sector performed amid the ongoing uncertainties in the Middle East. The data inched up to 52.6 in May from 52.1 in April.On the geopolitical front, Qatar's Foreign Ministry spokesperson Majed Al-Ansari said in a social media post that "positive progress" was made on certain aspects of the US and Iran's June memorandum of understanding during the indirect low-level technical talks held in Doha on Wednesday.Closer to home, the UAE's Ministry of Finance listed the country's inaugural sovereign retail T-sukuk on Nasdaq Dubai. The oversubscribed offering received subscription requests of 445 million Emirati dirhams, resulting in the increase of the issue size to 100 million dirhams from 50 million dirhams."The listing of the UAE's inaugural Sovereign Retail T-Sukuk Programme marks an important step in the continued development of the country's capital markets. By lowering the barrier to entry for government-backed fixed-income investments and bringing them to a transparent, regulated marketplace, this programme opens the door for more individuals to participate in an asset class that has traditionally been beyond the reach of many retail investors," Nasdaq Dubai and Dubai Financial Market Chief Executive Officer Hamed Ali commented.On the corporate side, Burjeel Holdings (ADX:BURJEEL) finalized the issue of its $500 million Regulation S senior unsecured sukuk due 2031 as part of its efforts to diversify its funding sources and bolster its capital structure. Its shares closed 2.63% lower.Dubai-listed lender Mashreq Bank (DFM:MASQ) partnered with Sukoon Insurance (DFM:SUKOON) to launch an embedded insurance service for small- to medium-enterprise customers. Mashreq Bank shares ended 0.78% in the red, while Sukoon Insurance closed the session flat.

^DFMGI^FADGIADX:BURJEELDFM:MASQDFM:SUKOON

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