Financial Wire

Financial News

Page 14 of 27

Asia

Sino Harbour's Chair Boost Shareholding

Sino Harbour's (HKG:1663) chairman and substantial shareholder, Wong Lam Ping, acquired nearly 3.5 million ordinary shares in the company on Friday, according to a same-day Hong Kong bourse filing.The shares were purchased from the open market for an average price of around HK$0.086 apiece.

$HKG:1663
Research

Citigroup Downgrades Similarweb to Neutral From Buy, Adjusts PT to $3 From $8.50

Similarweb (SMWB) has an average rating of overweight and mean price target of $5.42, 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://www..com/contact-us)

$SMWB
Research

JPMorgan Downgrades Nutanix to Neutral From Overweight, Adjusts PT to $44 From $55

Nutanix (NTNX) has an average rating of overweight and mean price target of $55.71, 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://www..com/contact-us)

$NTNX
Research

Citigroup Downgrades Veeva Systems to Neutral From Buy, Adjusts Price Target to $176 From $291

Veeva Systems (VEEV) has an average rating of overweight and mean price target of $272.19, 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://www..com/contact-us)

$VEEV
Asia

Livzon Pharmaceutical Gets China Nod for Trial of Helicobacter Pylori Drug

Livzon Pharmaceutical Group's (SHE:000513, HKG:1513) obtained approval to conduct a clinical trial of JP-1366 Tablet from China's National Medical Products Administration, according to a Friday Hong Kong bourse filing.The approval is for the indication of the combination of the drug with appropriate antibiotics for the eradication of Helicobacter pylori.

$HKG:1513$SHE:000513
Equities

Paramount Resources Acquires Additional Securities Of Canadian Premium Sand

Paramount Resources (POU.TO) said Friday that it has acquired additional securities of Canadian Premium Sand (CPS.V).Paramount said it acquired C$275,000 in principal amount of 12.0% secured convertible debentures of CPS as part of a private placement recently completed by CPS.The 2026 convertible debentures mature on Feb. 26, 2027, with a conversion price of $0.15 per share.Concurrently with the completion of the private placement, CPS also amended the terms of its outstanding 12.0% secured convertible debentures previously issued in February 2020 to reduce the conversion price thereof to $0.15 per share from $0.75 per share.Paramount would hold a total of 25,780,297 common shares, representing a 25.66% stake in CPS, following the conversion of all 2020 and 2026 convertible debentures held by the company.Prior to the transaction, Paramount held 17,946,964 common shares or a 19.38% interest in CPS.

$CPS.V$POU.TO
Japan

US Equity Futures Flat Pre-Bell as Fragile US-Iran Ceasefire Causes Wariness Among Traders

US equity futures were flat pre-bell on Friday as traders were wary of the fragile two-week ceasefire between the US and Iran.Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.1%, while Nasdaq futures were 0.2% higher.The Strait of Hormuz remains shut, while Israel continues to exchange fire with Hezbollah in Lebanon, even with the US-Iran talks scheduled on Saturday morning in Islamabad. Israel has said it would start talks with the Lebanese government targeting to disarm Hezbollah and end attacks in the nation.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.1% at $95.99 per barrel and US West Texas Intermediate crude 0.2% higher at $98.06 per barrel.The March consumer price index, scheduled for release at 8:30 am ET, is seen coming in at 0.9% for February, compared with 0.3% reading in January, according to estimates compiled by Bloomberg. Meanwhile, the University of Michigan consumer sentiment for April is expected at 51.5%, down from 53.3% previously, and the February factory orders release is seen coming at negative 0.2%, compared with 0.1% previously.The two reports are scheduled at 10 am ET.

$^DJI$^IXIC$^SPX
Asia

ICBC Sells 50 Billion Yuan Bonds

Industrial and Commercial Bank of China (HKG:1398, SHA:601398) completed the issue of 50 billion yuan of bonds in the National Interbank Bond Market, according to a Friday Hong Kong bourse filing.The tranche of bonds carries a fixed interest rate of 2% and will fall due in 10 years. The issue has a conditional redemption right at the end of the fifth year.The lender will use proceeds to boost its tier 2 capital.

$HKG:1398$SHA:601398
Japan

Neo Performance Materials Commissions Heavy Rare Earth Separation Production Line In Europe

Neo Performance Materials (NEO.TO) said Friday that it has commissioned its heavy rare earth element (HREE) solvent extraction small-scale production line at its Silmet facility in Estonia.The line is operating at nameplate capacity, and efforts are now focused on delivering stable product purity before transitioning to routine production capacity, a statement said.The operation has produced its first separated terbium and dysprosium process solutions, required for metal making, from mixed rare earth carbonate feedstock, with all processing completed in Europe, a significant a milestone, Neo said."The successful launch of our heavy rare earth separation in Estonia represents a critical step in Neo's strategy to build the most vertically integrated rare earth magnetics value chain in Europe," said chief executive Rahim Suleman."Our rare earth value chain now spans both light and heavy rare earth processing, enabling the separation and finishing of select elements into value-added, engineered end-use applications. This achievement enables Neo to provide secure, traceable, and high-quality heavy rare earth materials to our European permanent magnet facility, supporting our customers' most demanding applications."Neo's heavy rare earth separation initiative complements its European permanent magnet facility in Estonia, which is advancing through customer qualification milestones, with commercial production expected to ramp later in 2026.Neo shares closed up $0.76, to $22.60 on Thursday, on the Toronto Stock Exchange.

$NEO.TO
Insider Trading

Himalaya Shipping Insider Sold Shares Worth $4,020,000, According to a Recent SEC Filing

Bjorn Andreas Freng Isaksen, Director, on April 08, 2026, sold 300,000 shares in Himalaya Shipping (HSHP) for $4,020,000. Following the Form 4 filing with the SEC, Isaksen has control over a total of 300,000 common shares of the company, with 280,000 shares held directly and 20,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1959455/000195945526000061/xslF345X05/wk-form4_1775821772.xml

$HSHP
Asia

Heranba Industries Launches Two Crop Nutrition Products

Heranba Industries (NSE:HERANBA, BOM:543266) has launched two crop nutrition products, Fentaamine and MycoHil, according to a Friday filing on Indian bourses.Fentaamine is a bio-stimulant designed to improve plant metabolism, enhance stress tolerance and increase crop yield, the filing said. MycoHil is a biofertilizer aimed at improving nutrient absorption, strengthening soil microbiology and promoting sustainable farming practices, it added.The products have been developed in collaboration with a U.S.-based multinational company, Heranba Industries said in the filing.

$BOM:543266$NSE:HERANBA
Asia

CIFI Logs 1.15 Billion Yuan in March Contracted Sales

CIFI (HKG:0884) recorded contracted sales of around 1.15 billion yuan in March, with a gross floor area (GFA) of 107,100 square meters, according to a Friday Hong Kong bourse filing.The property firm's average selling price for the month stood at approximately 12,200 yuan per square meter.In the first quarter of 2026, contracted sales and GFA reached roughly 2.41 billion yuan and 232,800 square meters, respectively, with an average selling price of 11,300 yuan per square meter.

$HKG:0884
Research

Citigroup Downgrades DocuSign to Neutral From Buy, Adjusts PT to $50 From $99

DocuSign (DOCU) has an average rating of Hold and mean price target of $62.33, 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://www..com/contact-us)

$DOCU
Research

Stephens Downgrades Simply Good Foods to Equalweight From Overweight, Adjusts Price Target to $14 From $24

Simply Good Foods (SMPL) has an average rating of overweight and mean price target of $19.50, 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://www..com/contact-us)

$SMPL
Research

Citigroup Downgrades NICE to Neutral From Buy, Adjusts Price Target to $119 From $184

$NICE
Asia

Silicon Rental Solutions Gets Laptop Order Worth INR12 Million

Silicon Rental Solutions (BOM:543615) has received a purchase order worth 11.7 million Indian rupees from Infin Tech Rent Guru, according to an Indian bourse filing on Friday.The order includes 58 MacBook Pro M5 laptop units, comprising 45 units of 16GB/1TB (S), eight units of 16GB/1TB, and five units of 24GB/1TB configurations, the filing said.Delivery is scheduled within seven days, it added.

$BOM:543615
International

US Dollar Mixed Early Friday, Focus on Consumer Prices

The US dollar was mixed against its major trading partners early Friday -- up versus the yen and Canadian dollar, down versus the euro and pound -- ahead of the release of March consumer price data at 8:30 am ET, which is expected to be heavily impacted by rising energy prices due to the conflict in Iran.Overall CPI is expected to rise by 0.9% on that energy price spike, while core prices, which exclude the food and energy components, are seen up by only 0.3%.The University of Michigan's preliminary consumer sentiment index for April is due to be released at 10:00 am ET, at the same time as factory orders data for February.The St. Louis Federal Reserve is expected to update its GDP nowcast estimate for Q1 around midday, and the US Treasury is scheduled to publish its March budget statement at 2:00 pm ET.A quick summary of foreign exchange activity heading into Friday:EUR/USD rose to 1.1716 from 1.1701 at the Thursday US close and 1.1674 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for April 30.GBP/USD rose to 1.3440 from 1.3436 at the Thursday US close and 1.3405 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for April 30.USD/JPY rose to 159.2040 from 159.0822 at the Thursday US close and 159.0410 at the same time Thursday morning. Japanese producer price growth accelerated in March while Japanese consumer sentiment declined in April, according to data released overnight. The next Bank of Japan meeting is scheduled for April 27-28.USD/CAD rose to 1.3836 from 1.3813 at the Thursday US close, but was below a level of 1.3853 at the same time Thursday morning. Canadian employment data for March is due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for April 29.

$EUR/USD$GBP/USD$USD/CAD$USD/JPY
Research

Citigroup Downgrades CCC Intelligent Solutions to Neutral From Buy, Cuts Price Target to $6 From $10

CCC Intelligent Solutions (CCC) has an average rating of overweight and mean price target of $9.33, 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://www..com/contact-us)

$CCC
Research

Wells Fargo Downgrades Axalta Coating Systems to Equal Weight From Overweight, Adjusts Price Target to $30 From $39

Axalta Coating Systems (AXTA) has an average rating of overweight and mean price target of $36.64, 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://www..com/contact-us)

$AXTA
Research

B. Riley Upgrades MacroGenics to Buy From Neutral, Triples Price Target to $9 From $3

MacroGenics (MGNX) has an average rating of hold and mean price target of $4, 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://www..com/contact-us)

$MGNX