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Eni (E) said Friday it has invested $70 million in Nouveau Monde Graphite (NMG).The Canada Growth Fund and Investissement Quebec have also invested in the company as part of a total capital increase of $297 million, according to Eni.Upon the deal's completion, Eni expects to hold a roughly 12% stake in Nouveau Monde and have a board seat, it said.Eni shares were up 2% in premarket activity.
China's car exports hit nearly 700,000 vehicles in March, up 74% year on year despite shipment disruptions from the Middle East crisis, Reuters reported Thursday.The growth outpaced the 54% rise recorded in the first two months, according to the report.However, March domestic sales were down 15% to 1.7 million vehicles, the sixth consecutive month of decline, Reuters wrote. High fuel prices and reduced electric vehicle incentives are bearing down on local demand.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
BP's (BP) Jio-BP Indian joint venture does not plan to immediately raise fuel prices immediately, after March retail sales of gasoline and diesel rose by 30% and 25%, respectively reported Friday, citing Chief Executive Akshay Wadhwa.The company is a joint venture between Reliance Industries and BP.Reuters cited Wadhwa as telling reporters has enough fuel supplies and has not imposed limits on retail sails.Jio-BP did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Nacdac Infrastructure (BOM:544313) secured a contract worth 89.8 million Indian rupees from Bharat Electronics (NSE:BEL, BOM:500049), according to a Friday filing on BSE.The order is for construction of a test platform (Arudhara) and a ramp at BE-GAD, the filing said.Shares of the company jumped over 9% in recent trade.
China pledged to deepen ties with North Korea as Chinese Foreign Minister Wang Yi met Choe Son Hui in Pyongyang, signaling a renewed push to revive strained relations, Reuters reported Thursday.Beijing is seeking to reassert influence as Kim Jong Un strengthens links with Moscow, according to the report.Wang said the countries' ties are "unbreakable" and called for closer coordination, Reuters wrote.The visit comes ahead of a potential summit in May involving Presidents Xi Jinping and Donald Trump, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Enkei Wheels (India) (BOM:533477) has appointed Dinesh Sarnaik as the chief financial officer and key managerial personnel of the company with effect from April 11, according to a BSE filing on Friday.Sarnaik succeeds Kunal Sudhir Dhoke, who had resigned on Jan. 13.The company's shares were up nearly 4% in recent trade.
EQT (EQT) and Glencore (GLEN) committed to acquiring an extra 1 million metric tons of liquefied natural gas annually from Commonwealth LNG through 20-year agreements, Reuters reported Friday, citing a regulatory document.Commonwealth LNG previously announced it secured sufficient capacity sales from its 9.5-million-ton project to start funding procedures ahead of an expected final investment decision, the news outlet reported.The Department of Energy submission indicates the latest Glencore transaction occurred in late March, adding to a previous 2025 commitment for 2 million tons per year, the report said.EQT and Glencore did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The US National Weather Service on Thursday said heavy rainfall, strong winds, and isolated strong to severe thunderstorms are expected in the Hawaiian Islands through Friday due to the presence of a storm system.The region stretching from the Great Plains into the Midwest is likely to experience several rounds of severe thunderstorms this weekend and into next week.Meanwhile, California and Oregon are expected to experience moderate to heavy rainfall and high elevation snow this weekend.The NWS early Friday issued a red flag warning for Colorado's Craig, Rangely, Meeker, Rifle and Grand Junction. Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the major electricity service providers in the state.A winter storm warning was raised for California's Lake Isabella, Ridgecrest, Oakhurst, Mariposa, Porterville, Burney, Lassen National Park, Chester, Quincy, Paradise, Oroville, Blue Canyon, Grass Valley, Placerville, Murphys, Sonora, and Paradise. These places are primarily served by PG&E's (PCG) Pacific Gas and Electric, Algonquin Power & Utilities (AQN) unit Liberty, and Edison International's (EIX) Southern California Edison are the major electricity service providers in these places.The NWS issued a flood warning for Wisconsin's Wisconsin Dells, Appleton, and areas near Green Bay. WEC Energy Group's (WEC) Wisconsin Public Service, Xcel Energy, and Alliant Energy (LNT) are among the major service providers in Wisconsin.A similar warning was raised for Michigan's Flint, Ionia, Grand Rapids, Kalamazoo, Hastings, Alma, Cold Water, and Saginaw. CMS Energy (CMS) unit Consumers Energy and DTE Energy are among the major service providers in these places.In Illinois, a flood warning was raised for Princeton, Peoria, Peru, Canton, Waukegan, Ottawa, Aurora, and Havana. Exelon unit Commonwealth Edison and Ameren's (AEE) Illinois unit are among the major electric utility service providers in the state.A flood warning was also issued for Terre Haute, Vincennes, and areas near Crawfordsville, Gary, Rensselaer, Fort Wayne, and Angola in Indiana. NiSource (NI) unit Northern Indiana Public Service Company, Duke Energy (DUK), and the Indiana unit of AES (AES) are among the major service providers in these places.In Ohio, a similar warning was raised for Mansfield, New Philadelphia, and Canton, primarily served by American Electric Power's (AEP) Ohio subsidiary and FirstEnergy (FE) subsidiaries Ohio Edison and Toledo Edison.Iowa's Clinton, Iowa City, Cedar Rapids, and Davenport, served by Alliant Energy and Berkshire Hathaway Energy unit MidAmerican Energy Company, were also placed under a flood warning watch.Flood warnings were also raised for areas near Chelan in Washington, served by Puget Sound Energy; and Rosseau in Minnesota. Xcel Energy and Allete unit (ALE) Minnesota Power are among the major power providers in the state.
Chinese shares rose on Friday, rebounding from Thursday's decline, amid hopes that geopolitical tensions will ease and mixed inflation data.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.5% to 3,986.22. The Shenzhen Component Index jumped 2.2% to 14,309.47.The U.S. and Iran are set to start talks on Saturday in Islamabad, with no specific timeline regarding their duration, The Guardian reported.Meanwhile, China's consumer price index logged a 1% annual rise in March, slower than the 1.3% increase in February and the 1.2% rise expected by economists polled by Reuters. Core CPI, which excludes food and energy prices, went up 1.1%.China's factory gate prices ended their 41 consecutive months of decline in March, with the producer price index rising 0.5% after a 0.9% decline in February. The March reading was higher than the 0.4% gain estimated in a Reuters poll.In company news, Nanchang Sanrui Intelligence Technology (SHE:301696) shares closed 273% higher than their initial public offering price of 24.68 yuan apiece on their first day of trading on the Shenzhen bourse.GRIM CT (SHA:688811) shares jumped 167% at the end of Friday's session from their IPO price of 6.41 yuan apiece on their Shanghai debut.
Brent futures gained more than 1% on Friday with Hormuz Straittraffic mostly still stuck and after Saudi Arabia reported a 10% drop in export capacity after a reported Iranian attack on its East-West pipeline.The Brent futures contract gained 1.6% to $97.37 per barrel. Murban closed at $99.62 on April 9 and was not trading as of the time of publication of this oil price update."Oil extended gains for a second session amid fresh Middle East supply concerns. Saudi Arabia reportedly saw production capacity reduced by around [600,000] b/d following attacks on its energy infrastructure, equivalent to roughly 10% of typical crude exports," ING analysts noted.An April 9-dated news article by the Saudi Press Agency citing the Energy Ministry referred to an attack "recently" on a pumping station on the East-West pipeline, which it said caused a loss of about 700,000 barrels in throughput.It did not make mention of the origin of the attack but a source told Reuters on Wednesday that it came from Iran, damaging Saudi Arabia's main alternative route to export markets since the closure of the Strait of Hormuz.Market analysts warned that the damage to infrastructure may cause long-term disruptions. Oil and gas output has already been scaled back, and refinery operations remain curtailed, meaning it could take weeks or months to fully reverse the supply shock.Analysts from ING noted that while there was initial optimism regarding a resolution to the six-week conflict, geopolitical risk premiums remain high following new threats from Washington toward Tehran.US President Donald Trump warned Iran on Thursday amid reports that Tehran has started charging transit fees on tankers navigating the Strait of Hormuz, as shipping through the key waterway remains largely restricted despite the ceasefire deal."There are reports that Iran is charging fees to tankers going through the Hormuz Strait," Trump said in a social media post on Truth Social, "They better not be and, if they are, they better stop now!"According to TRM Labs Thursday note, Iran's new toll framework requires payments of up to $2 million per vessel payable in cryptocurrency or Chinese yuan.Adding further pressure, the Tass news agency reported, citing a senior Iranian source, that Iran will limit transit to a maximum of 15 ships per day.The source reportedly said that under the current ceasefire, "fewer than 15 ships per day" will be permitted to sail via the Strait of Hormuz, according to the report.All eyes are now on the high-stakes talks between a US delegation and Iranian officials scheduled for this weekend.
Shell (SHEL) plans to begin producing natural gas next year at the Loran-Manatee offshore field, which straddles Venezuela and Trinidad and Tobago, Reuters reported Friday, citing the chairman of Trinidad's National Gas Company, Gerald Ramdeen.Ramdeen was quoted as saying that the state-owned enterprise has increased the capacity of the pipeline that will transport the gas to Trinidad to 1 billion cubic feet per day.Shell did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Huatai Securities (HKG:6886, SHA:601688) could soon start the operations of its securities business in Japan, Bloomberg reported Friday, citing people familiar with the matter.The Chinese brokerage established Huatai Securities Japan Preparation in Tokyo last September 2025, with former Daiwa Securities (TYO:8601) manager Shinji Shibuya leading the unit, the report said.Huatai CEO Zhou Yi is a director at the Japan unit, while Chief Financial Officer Jiao Xiaoning is also overseeing the branch, the report said.Huatai's establishment in Japan comes as the country's financial market is attracting firms worldwide, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Crisil affirmed its AA- long-term rating and A1+ short-term rating on engineering services provider Technocraft Industries' (India) (NSE:TIIL, BOM:532804) bank loan facilities.The rating outlook is stable, according to a Friday filing on Indian bourses.Shares of the company rose over 2% in recent trade.
Dev Information Technology (NSE:DEVIT, BOM:543462) has secured an order worth 260 million Indian rupees from the National Informatics Centre Services Incorporated, according to a Friday filing to the Indian stock exchanges.The contract is for design, development, system integration, and maintenance of the National Pharmacists Registration Tracking System platform, along with the implementation of cybersecurity measures for the existing IT environment, under the Pharmacy Council of India.The IT services company will enable a centralized, web-based system for efficient pharmacist registration and tracking at a national level.The contract is awarded on a fixed-cost basis and will be executed over three years.The company's shares were up nearly 7% in recent trade.
China Yangtze Power's (SHA:600900) total power output increased 7.2% year over year to 61.8 billion kilowatt-hours in the first quarter, according to a Friday filing with the Shanghai bourse.Output at the Three Gordes Dam jumped about 11% to 16.3 billion kWh, while Baihetan Hydropower Station's production increased 4% to 13.1 billion kWh.Output at the Xiluodu Hydropower Station grew 9.7% to 14.5 billion kWh.
Energy giant Shell (SHEL) plans to begin natural gas production from the Loran-Manatee offshore field, which crosses the border between Venezuela and Trinidad and Tobago in 2027, according to a Reuters report, citing Gerald Ramdeen, chairman of Trinidad's National Gas Company.The company is reportedly moving to accelerate gas projects in Venezuela under interim President Delcy Rodriguez's administration, particularly those tied to Trinidad's LNG and petrochemical projects.According to Ramdeen, Shell has increased its pipeline capacity, which is set to transport gas to Trinidad, from 750 million cubic feet per day to 1 billion cubic feet per day."That gas will now be brought to our Beachfield facility via a 32-inch pipeline, rather than the original 24-inch pipeline," he told Reuters.In the shared gas field, Manatee holds estimated gas reserves of 2.7 trillion cubic feet, while Loran has an estimated 7.5 Tcf, but so far, Shell hasn't taken any final investment decision on the latter.Shell did not immediately respond to' request for a comment on this story.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Aaron Freidin, Chief Financial Officer, on April 08, 2026, sold 45,806 shares in Grail (GRAL) for $2,286,526. Following the Form 4 filing with the SEC, Freidin has control over a total of 260,669 common shares of the company, with 260,669 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1699031/000162828026024551/xslF345X05/wk-form4_1775775505.xml
Robert P Ragusa, Director, Chief Executive Officer, on April 08, 2026, sold 123,502 shares in Grail (GRAL) for $6,164,923. Following the Form 4 filing with the SEC, Ragusa has control over a total of 518,582 common shares of the company, with 518,582 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1699031/000162828026024550/xslF345X05/wk-form4_1775775497.xml
Joshua J. Ofman, Director, President, on April 08, 2026, sold 61,665 shares in Grail (GRAL) for $3,078,169. Following the Form 4 filing with the SEC, Ofman has control over a total of 371,216 common shares of the company, with 371,216 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1699031/000162828026024549/xslF345X05/wk-form4_1775775489.xml
Scott B. Ullem, Corporate Vice President, Chief Financial Officer, on April 09, 2026, sold 13,000 shares in Edwards Lifesciences (EW) for $1,040,544. Following the Form 4 filing with the SEC, Ullem has control over a total of 306,017 common shares of the company, with 39,699 shares held directly and 266,318 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1099800/000122520826004476/xslF345X05/doc4.xml