Financial Wire

Market Chatter: US-Iran Deal Will Take 6 Months, European and Gulf Officials Say

-- It will take about six months for the US and Iran to reach a peace deal, and the two sides should extend their ceasefire to cover that period, Bloomberg reported Thursday, citing Gulf Arab and European officials familiar with the matter.

(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.)

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Australia

Descartes Systems Shares Rise After Rothschild & Co Redburn Upgrade

Descartes Systems Group (DSGX) shares rose over 5% in Thursday afternoon trading after Rothschild & Co Redburn upgraded the stock to buy from neutral, while lowering the price target to $90 from $100.Trading volume stood at over 622,000 shares, compared with a daily average of 724,731.Price: $76.41, Change: $+3.81, Percent Change: +5.25%

$DSGX
Mining & Metals

SmartCentres Declares Distribution for April 2026; Shares Hit Fresh 52 Week Highs Today

SmartCentres Real Estate Investment Trust (SRU-UN.TO), which saw its shares post a fresh 52 week high today, said Thursday that its trustees declared a distribution for April 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The April distribution is unchanged from the one for March.April's distribution will be payable on May 15, 2026 to unitholders of record as at April 30, 2026.Its shares rose $0.42 or 1.5% to $28.49, having touched $28.82.Price: $28.50, Change: $+0.43, Percent Change: +1.53%

$SRU-UN.TO
Oil & Energy

DeepOcean, Woodside Complete Dual-Scope Subsea Campaign Offshore Senegal

DeepOcean and Woodside Energy said on Thursday have carried out a simultaneous subsea inspection and 3D scanning campaign at the Sangomar offshore oil development in Senegal, in what the companies described as an efficiency milestone in subsea operations.DeepOcean said the operation covered 69 subsea structures, including 17 subsea trees, and combined routine inspection work with high-resolution 3D photogrammetry scanning in a single remotely supported ROV campaign.The approach eliminated the need for separate vessel deployments for inspection and survey tasks and did not require additional offshore personnel.The companies said the "dual-scope" methodology enabled both inspection routines and 3D scanning to be performed concurrently, cutting offshore time to just over half of what would typically be required for two separate operations, while also increasing data output.Meanwhile, Woodside said the system combines ROVs equipped with scanning tools, inspection engineers, proprietary subsea imaging software and digital twin capabilities, using photogrammetry to generate 3D reconstructions from subsea imagery and sonar data.DeepOcean operates across several West African countries, including Congo-Brazzaville, Equatorial Guinea, Gabon and Ghana, where it supports subsea inspection and IMR services for offshore energy developments.