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Deutsche Bank Downgrades Tate & Lyle to Hold Rating

Deutsche Bank on Thursday lowered its rating on specialty ingredients company Tate & Lyle (TATE.L) to hold from buy rating, while maintaining its price target at 5.95 pounds sterling.(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)

$TATE.L

Tilray Brands Participating at UK Veterans Event

Tilray Brands' (TLRY.TO) UK medical cannabis clinic, Lyphe, will host a stand at a community celebration of military service to be held at Aldershot this weekend.The event is expected to draw between 20,000 and 40,000 attendees.The Lyphe for Veterans program was launched late last year and is open to veterans of any nationality aged 18 or over who live in the UK or Channel Islands. It aims to remove clinic-related financial barriers and make the path to regulated clinical assessment more straightforward, Tilray said.

$TLRY.TO

Shenzhen Investment Posts Daily Toll Revenue in May

Shenzhen Investment Holdings Bay Area Development (HKG:0737) recorded a respective average daily toll revenue of 6.3 million yuan and 2.7 million yuan for the GS and GZ West Superhighways in May.The expressway operator's daily toll revenue from the Coastal Expressway (Shenzhen Section) stood at 2.1 million yuan in the month, according to a Friday Hong Kong bourse filing.

HKG:0737

Grey Wolf Animal Health Changes Name to Grey Wolf Health

Grey Wolf Animal Health (WOLF.V) changed its name to Grey Wolf Health Corp., it said overnight Thursday, to reflect its broader health platform serving both human and animal health markets.Grey Wolf Health's common shares will start trading on the TSX Venture Exchange, effective at the opening on Tuesday, June 30, and the common shares of Grey Wolf Animal Health Corp. will be delisted. The company's ticker symbol on the TSXV will remain unchanged, it said.The company's shares last traded on June 24, closing at C$1.79 on the TSXV.

$WOLF.V

Lake Street Initiates NeoVolta at Buy With $11 Price Target

$NEOV

Talisker Resources Files Technical Report for Bralorne Project Resource Statement

Talisker Resources (TSK.TO) has filed an independent technical report supporting a 2026 mineral resource statement for its Bralorne gold project in British Columbia, the company said Friday.

$TSK.TO

Gunnison Copper Appoints Bjorn Meyer as COO

Gunnison Copper (GCU.TO) appointed Bjorn Meyer as chief operating officer, it said Friday.Meyer, who succeeds Robert Winton, recently served as president of Cripple Creek & Victor Mining Company, an SSR Mining (SSRM.TO) operation, said the company.Before that, he was vice president of operations and executive director of innovation and growth at Panasonic Energy Corp. North America, according to Gunnison Copper. He has also had a 20-year career with ASARCO, it added."Bjorn is a highly respected mining executive with extensive operational experience in Arizona's copper industry and a proven ability to lead large teams, drive operational excellence, and safely deliver results," said Chief Executive Officer Craig Hallworth.Scott Harrell has been promoted to vice president, people, the company added.

$GCU.TO$SSRM.TO

JTF International Forecasts Turnaround to H1 Profit

JTF International (HKG:9689) expects attributable profit of at least 35 million yuan for the six months ending June 30, compared with an attributable loss of 5.3 million yuan a year prior.The petrochemical company attributed the forecast to a higher revenue from a rise in sales and average selling price of naphtha products, as well as a boost in gross profit and gross profit margin, according to a Friday Hong Kong bourse filing.

HKG:9689

Treasury38d ago

Rosenberg Sees No Wage-Driven Inflation Pressure in Canada, Maintains Rate-Cut View

Rosenberg Research said Friday it does not see wage-driven inflation pressures emerging in Canada despite April's average weekly earnings rising at their fastest annual pace in 12 months, according to payroll data released Thursday.Rosenberg pointed to the Bank of Canada's June 10 Summary of Deliberations, which said the economy remained weak, was operating with excess supply and continued to show labor market slack."We do not fear wage-push inflation," stated Rosenberg.Canadian SEPH payrolls rose by 22,000 in April, up from 5,700 in March, a solid monthly gain, pointed out Rosenberg. However, underlying labor conditions remain weak, with combined labor demand -- payrolls and vacancies -- just above zero, in line with subdued economic growth.Slack is also rising, as the unemployment-to-job vacancies ratio increased to 3.2% in April from 2.9% in January, pointing to softer fundamentals despite stronger headline payrolls, added Rosenberg.Against this backdrop, Rosenberg still views the balance of risks as tilted toward a potential Bank of Canada rate cut.

$CXY

BlackBerry Price Target Raised at TD, CIBC

Analysts at TD Securities and CIBC Capital Markets raised their price targets on BlackBerry (BB.TO, BB) to US$8 from US$5, and to US$13 from US$10, respectively.TD analyst John Shao maintained a Hold rating on shares of the Canadian software firm following its fiscal Q1 2027 results."Following the material FQ1 beat, we have raised our estimates to reflect commentary around a healthy outlook for both Secure Communications (SC) and QNX," Shao said in a note to clients."We sensed rising optimism on larger SC deals in the pipeline, and expanding license revenue supports acceleration within QNX," the analyst said. "Our new expectations land above the higher end of the guide as we believe management are continuing to exercise conservatism on the outlook."CIBC analyst Todd Coupland maintained an Outperformer rating on the stock."For investors, BB is moving from turnaround skepticism to a cleaner beat-and-raise/re-rate setup," Coupland said in a note to clients. "The debate now shifts to QNX backlog conversion, Alloy Kore/GEM design wins, and whether F2027 marks a stepchange in growth, operating leverage and value creation. We believe it does."(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)

$BB$BB.TO

CSPC Pharma Begins Phase III Trial of SYS6010 Combo for Lung Cancer Treatment

CSPC Pharmaceutical (HKG:1093) began a phase III study of SYS6010 in combination with enlonstobart in China.The drug is being tested for the treatment of non-small cell lung cancer, according to a Friday Hong Kong bourse filing.The first subject will be enrolled in the trial in July.

HKG:1093

Northland Securities Downgrades Quantum to Market Perform From Outperform, $13 Price Target

Quantum (QMCO) has an average rating of Buy and mean price target of $16.50, 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)

$QMCO

Commodities38d ago

Equinor Pulls Out of Japan Offshore Wind; Eyes 2027 Final Investment Decision on Wisting Field

Norwegian energy giant Equinor (EQNR) said that it has decided to completely exit its offshore wind business in Japan and close its Tokyo office by the end of 2026.Company officials stated the exit follows a strategic reassessment to strengthen its focus on integrated power markets. While ending its local presence, Equinor emphasized that Japan remains an important market.Equinor and its partners are shifting focus back to home waters, submitting a proposed environmental impact assessment for the Wisting field in the Barents Sea for public consultation the company noted in a separate press release on Thursday.As the largest undeveloped oil discovery on the Norwegian continental shelf, Wisting holds an estimated recoverable volume of just under 500 million barrels of oil equivalent.The project remains in its early, maturation phase, with further progress hinging on economic viability and profitability improvements, it stated.Equinor and its partners plan to lock in a final concept selection by late 2026, targeting a final investment decision by the end of 2027.

$EQNR

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BeOne Medicines Unit to Pay Additional Income Tax

A Chinese unit of BeOne Medicines (SHA:688235, HKG:6160) will pay income tax of 446 million yuan, including late payment surcharges, after receiving a notice from a local tax authority.The company agreed to modify previously filed tax returns as part of the move, according to a Friday Hong Kong bourse filing.No administrative penalty is involved in this tax matter.

HKG:6160SHA:688235

Japan38d ago

Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries

Tech stocks swooned, and broader equity index futures declined in Friday's premarket trading amid concerns about the profitability of AI, lingering worries about Middle East stability, and potential interest rate hikes.Nasdaq futures were down 1.1% while S&P 500 futures fell 0.5% and Dow futures slipped 0.1% in the pre-bell session.The tech sector was dragged down by chipmakers including Intel (INTC), down 3.4%, AMD (AMD), down 3.4%, and Nvidia (NVDA), down 1%, while memory storage firm Western Digital (WD) was down 3.8%.Investors were spooked by reports that Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering and an Iranian attack on a ship transiting the Strait of Hormuz. Inflation fears have also spiked in recent days after US President Donald Trump blocked his own bill to bring down housing costs, diminishing hopes of a rate cut.Despite elevated security concerns in the Persian Gulf, oil prices continued a days-long slide that followed the signing of a memorandum of understanding between Washington and Tehran that saw the reopening of the Strait of Hormuz to commercial traffic.Brent crude was down 3.3% to $72.75 per barrel while West Texas crude prices were down 3.3% to $69.58 per barrel, the lowest levels since the start of the Feb. 28 attacks by the US and Israel on Iran that sparked months of war and uncertainty.Among the economic news expected is the release of May's goods trade gap. Imported goods are expected to exceed exports by $85.0 billion, up from a revised figure of $83.0 billion in April.May wholesale inventories are expected to increase 0.4%, down from a 0.6% increase in April.Analysts also expect a rise in May consumer sentiment in the monthly University of Michigan survey to 50.0, up from 48.9 in April.

China Gas Logs Lower Fiscal-Year Profit; Dividend Declared

China Gas (HKG:0384) recorded a 16% decline in attributable profit for the year ended March 31 to HK$2.72 billion from HK$3.25 billion a year prior.The Chinese natural gas distributor's earnings per share slipped to HK$0.50 from HK$0.60 in the previous fiscal year, according to a Friday Hong Kong bourse filing.Revenue declined 7.1% to HK$73.6 billion from HK$79.3 billion in the year-ago period.The company recommended a final dividend of HK$0.20 per share, payable Oct. 2 to shareholders of record as of Aug. 31, subject to shareholder approval.

HKG:0384

Mattr Announces Share Buyback Program

Mattr (MATR.TO) intends to buy back up to 3.6 million shares under a normal course issuer bid.The share buyback will run from June 30, for one year.

$MATR.TO

Commodities38d ago

OFAC Authorizes Certain Transactions Related to Potential Sale of Lukoil's International Assets

The US Department of Treasury has issued a license permitting certain transactions and conditional agreements with Russian energy major Lukoil related to the sale of its subsidiary Lukoil International and its assets, it said on Thursday.General License No. 131G under the Russian Harmful Foreign Activities Sanctions Regulations, issued by the Treasury Department's Office of Foreign Assets Control, authorizes transactions ordinarily necessary for entering into contracts for the sale or transfer of Lukoil International and related entities.However, any such agreements will require a separate approval from OFAC."For purposes of this general license, the term "contingent contracts" includes executory contracts, executory pro forma invoices, agreements in principle, executory offers capable of acceptance such as bids or proposals in response to public tenders, binding memoranda of understanding, or any other similar agreement," according to an OFAC notice.The authorization, which replaces and supersedes General License No. 131F, is valid through July 25.