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ISS recommends shareholders vote against Exxon moving its registration to Texas
LONDON, May 12 (Reuters) - Shareholder proxy adviser Institutional Shareholder Services has recommended investors vote against a proposal by Exxon Mobil's XOM.N board to move its location of incorporation to Texas, saying this would impose greater hurdles for shareholders seeking accountability ...Reuters
Tue, May 12
Gold reverses gains as US CPI data takes center stage
Gold (XAU/USD) reverses earlier gains on Tuesday as fading hopes for a near-term breakthrough in US-Iran negotiations and a modest rebound in the US Dollar (USD) weigh on the precious metal ahead of the US Consumer Price Index (CPI) data release.Fxstreet
Tue, May 12
EU weighs extending carbon market to flights beyond Europe
LONDON/BRUSSELS, May 12 (Reuters) - The European Commission is looking at extending its carbon market to cover international flights, seeking to put a price on more of the sector's emissions and ensure fair treatment across airlines, a senior official said on Tuesday.Brussels is redesigning the ...Reuters
Tue, May 12
Under Armour Q4 adjusted EPS misses estimates as North America sales fall
OverviewUS sportswear maker's fiscal Q4 revenue fell 1% as North America sales declinedAdjusted EPS for fiscal Q4 missed analyst expectationsCompany cites restructuring, higher tariffs, and cost pressures for Q4 resultsOutlookUnder Armour expects fiscal 2027 revenue to decline slightly year over...Reuters
Tue, May 12
Self-storage solutions maker Janus' Q1 adjusted EPS falls more than expected
OverviewUS self-storage solutions maker's fiscal Q1 revenue rose 5.8%, beating analyst expectationsAdjusted EPS and adjusted net income for Q1 missed analyst expectationsCompany repurchased 2.9 mln shares for $15.7 mln during the quarterOutlookJanus reaffirms 2026 revenue guidance at $940 mln to...Reuters
Tue, May 12
CANADA RESEARCH ROUNDUP-Altius Minerals, Cipher Pharmaceuticals, Suncor Energy
May 12 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Altius Minerals , Cipher Pharmaceuticals and Suncor Energy on Tuesday. HIGHLIGHTS Altius Minerals Corp ALS.TO: Canaccord Genuity raises target price to C$60 from C$51 C...Reuters
Tue, May 12
Venture Global lifts annual core profit forecast on higher liquefaction fees, LNG sales
May 12 (Reuters) - U.S.-based Venture Global VG.N raised its full-year adjusted core profit forecast on Tuesday, banking on higher liquefaction fees and LNG sales volumes, sending its shares up 8.4% in premarket trading.Exports volumes of the superchilled fuel from the U.S. have risen sharply after ...Reuters
Tue, May 12
Vishay Precision Q1 revenue beats on sensors strength amid semiconductor demand
OverviewPrecision measurement tech firm's fiscal Q1 revenue grew 17.6%, beating analyst expectationsAdjusted EPS for fiscal Q1 beat analyst expectationsCompany attributes results to strong Sensors segment demand and higher sales across marketsOutlookVPG expects Q2 2026 net revenues between $85 m...Reuters
Tue, May 12
Kenya Airways, Rubis Energy sign agreement for sustainable aviation fuel refinery
NAIROBI, May 12 (Reuters) - Kenya Airways KQNA.NR and Rubis Energy Kenya, a unit of France's Rubis RUBF.PA, have signed on Tuesday a memorandum of understanding to develop what they said was Africa's first dedicated sustainable aviation fuel refinery.The refinery is expected to have a produc...Reuters
Tue, May 12
Canada cannabis producer Organigram's Q2 net revenue falls more than expected
OverviewCanada cannabis producer's fiscal Q2 net revenue fell 9% yr/yr, missing analyst expectationsAdjusted EBITDA for fiscal Q2 dropped 82% yr/yr, reflecting lower recreational sales and higher returnsCompany completed acquisition of Germany's Sanity Group after quarter-end to expand in Eu...Reuters
Tue, May 12
Bermuda's SFL preliminary Q1 revenue at $174 mln, ups dividend
OverviewBermuda shipping and energy lessor's preliminary Q1 operating revenue totaled $174 mln, mostly from shippingPreliminary Q1 net income was $26 mln, adjusted EBITDA reached $108 mlnCompany increased quarterly dividend to $0.22 per shareOutlookCompany did not provide specific financial guid...Reuters
Tue, May 12
Venture Global Announces LNG Purchase Agreements With Totalenergies And Vitol
Venture Global Inc VG.N:VENTURE GLOBAL ANNOUNCES LNG PURCHASE AGREEMENTS WITH TOTALENERGIES AND VITOLVENTURE GLOBAL INC - TO SUPPLY TOTALENERGIES WITH 0.85 MTPA LNG FOR FIVE YEARS FROM 2026VENTURE GLOBAL INC - CO AND VITOL INCREASE FIVE-YEAR LNG AGREEMENT TO 1.7 MTPAReuters
Tue, May 12
Venture Global signs new LNG supply deals with TotalEnergies, Vitol
US LNG exporter signs supply deals with Total and VitolAgreements follow heightened global focus on energy securityVenture Global has announced over 3 mtpa of deals since start of Iran warBy Curtis Williams HOUSTON, May 12 (Reuters) - Venture Global VG.N said on Tuesday it has signed new LNG supp...Reuters
Tue, May 12
RPT-ROI-The battle for Hormuz risks sparking the next Iran clash: Bousso
By Ron Bousso LONDON, May 12 (Reuters) - The Strait of Hormuz has emerged as the central battleground of the Iran conflict. The passage of a handful of oil and gas tankers in recent days, apparently with Tehran’s consent, hints at tacit acceptance of its control. This foreshadows a more dangerous...Reuters
Tue, May 12
ANALYSIS-U.S. CEOs seek China business gains from Trump-Xi summit
Some US CEOs look for China business gains from summitMastercard, Visa aim to deepen footprint in Chinese market, sources sayMeta, Tesla, BlackRock among those facing thorny issues in ChinaBy Eduardo Baptista and Laurie Chen BEIJING, May 12 (Reuters) - From Meta to Tesla and BlackRock, the U.S. b...Reuters
Tue, May 12
Bulgargaz selects Shell as winner of LNG cargo tender
May 12 (Reuters) - Bulgaria's state gas supplier Bulgargaz has selected Shell SHEL.L as the winner of a tender to deliver one cargo of liquefied natural gas (LNG), the company said on Tuesday.Five companies submitted bids in the tender to supply about 1 million megawatt hours (MWh) of LNG for de...Reuters
Tue, May 12
Cosmo Energy Holdings Executive: Aiming For 95% Run Rate At Domestic Refineries In Fy2026
May 12 (Reuters) - Cosmo Energy Holdings Co Ltd 5021.T:COSMO ENERGY HOLDINGS EXECUTIVE:WE HAVE SECURED CRUDE OIL CARGOES THROUGH AUGUST LOADING AT SAME LEVEL AS BEFORE THE MIDDLE EAST CRISISCOSMO ENERGY HOLDINGS EXECUTIVE: WE ARE SOURCING SAUDI AND UAE CRUDE FROM PORTS OUTSIDE THE STRAIT OF HORMUZ, ...Reuters
Tue, May 12
Kremlin says peace process points to nearing end of Ukraine war
MOSCOW, May 12 (Reuters) - The Kremlin said on Tuesday that developments in the peace process indicate that the war in Ukraine is nearing completion, commenting on President Vladimir Putin's remarks that the conflict is "coming to an end."Kremlin spokesman Dmitry Peskov said Russia welco...Reuters
Tue, May 12
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