Financial News

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Japan Machine Tool Orders Jump 28% in March

Japanese machinery orders rose 28% year over year to 193.51 billion yen in March, the Japan Machine Tool Builders Association (JMTBA) reported Thursday.The figures reflect a rebound in global industrial capital expenditure, as well as increased industrial demand, according to an analysis by trading platform AInvest on the same day.The figure surpassed a 24% increase in the previous month, AInvest said.External demand jumped 40% year over year to 143 billion yen during the month, while domestic demand edged up 2.5% year over year to 50.5 billion yen, the JMTBA said in its March report.For the first quarter, total orders increased 26% year over year to 485.8 billion yen.External orders surged 35% year on year to 365.5 billion yen, while domestic orders inched up 4.6% to 120.3 billion yen.

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Oil & Energy7d ago

Market Chatter: QatarEnergy Initiates LNG Production Restart at Ras Laffan Complex

QatarEnergy is preparing to resume liquefied natural gas (LNG) and associated liquids production at the world's biggest such facility for the export market, Reuters reported Wednesday citing sources familiar with the matter.Sources close to the company indicated that two out of the three conventional liquefaction trains at the QELNG North 1 facility in Ras Laffan Industrial City have been successfully brought back online, as per the report.Following a series of aerial attacks on its primary infrastructure in March, QatarEnergy was forced into a total production suspension of LNG and associated liquids at Ras Laffan, the world's largest LNG export facility.Wood Mackenzie analysts suggested that returning the entire 12-train Ras Laffan complex to full service could still take several months.Qatar's export capabilities also remain tethered to the volatile security situation in the Strait of Hormuz.Iranian naval forces continue to enforce a restrictive permission-based transit system, reportedly warning that the waterway remains effectively shut to uncoordinated commercial traffic.Consequently, while Qatar may be able to fill its storage tanks, a return to normal global deliveries is dependent on shipping corridors reopening.The company did not respond immediately to' request for comments.(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.)

Asia Markets7d ago

Middle East War Uncertainty Caps Asian Stock Markets

Asian stock markets largely fell back Thursday, as traders looked for clarity on the status of the Strait of Hormuz and the Persian Gulf war.Hong Kong, Shanghai, and Tokyo finished in the red, while other regional exchanges were mixed.In Japan, the Nikkei 225 opened evenly but declined in trading, finishing off 0.7% as traders booked profits after Wednesday's rally following reports of a Middle East ceasefire.The benchmark Nikkei 225 fell 413.10 to 55,895.32, as losing issues outnumbered gainers 169 to 54.Leading the upside was Yokogawa Electric, up 4.1%, while retail conglomerate Aeon declined 8.2%.In economic news, Japan's seasonally adjusted Consumer Confidence Index declined to 33.3 in March, down from 39.7 in February, reported the Cabinet Office.Japan's machine tool orders jumped by 28.1% year-on-year in March, driven by a 40.4% surge in offshore demand, reported the Japan Machine Tool Builders Association.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing down 0.5% on ebbing optimism regarding Middle East negotiations.The broad gauge Hang Seng fell 140.62 to 25,752.40 as losing issues outnumbered gainers 53 to 36. The Hang Seng TECH Index lost 2.1% on the day, while the Mainland Properties Index fell 0.3%.Leading the upside was aluminum producer China Hongqiao, gaining 5.2%, while property company Longfor declined 5.6%.On the mainland, the Shanghai Composite fell 0.7% to 3,966.17.On the other regional exchanges, the South Korean KOSPI fell 1.6%; the Taiwan TWSE rose 0.3%; the Australian ASX 200 gained 0.2%; the Singapore Straits Times Index fell 0.4%, and the Thai Set inclined 0.3%. In late trading in Mumbai, the Sensex was down 1.2%.The MSCI All Country Asia Pacific Index fell 0.9% on the day.

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US Markets7d ago

Constellation Issues Weak Full-Year Earnings Outlook as Fiscal Fourth-Quarter Results Decline

Constellation Brands (STZ) shares inched lower early Thursday after the beer and wine company provided a full-year earnings outlook below Wall Street's estimates and recorded year-over-year declines in its fiscal fourth-quarter results.The maker of Modelo and Corona anticipates comparable earnings to come in between $11.20 and $11.90 per share for fiscal 2027, it said late Wednesday, while the current consensus on FactSet is for $12.38. In the previous fiscal year, comparable EPS dropped 14% to $11.82 on an annual basis.In April 2025, the company projected EPS to grow by mid-single-digits to low-double-digits for fiscal 2027. Constellation also withdrew its previously issued fiscal 2028 outlook to reflect the current environment, it said.Enterprise organic sales, beer sales and organic sales in the wine and spirits division are all expected to range from a 1% decline to a 1% rise for the ongoing fiscal year, according to Constellation. Company-wide organic sales slid 10% in fiscal 2026."Looking ahead to fiscal 2027, while we are encouraged by the momentum displayed during the fourth quarter across our beer and wine and spirits businesses, we expect the operating environment to remain dynamic given the evolving socioeconomic backdrop and limited near-term visibility," the company said.The stock declined 0.8% in the most recent premarket activity.The company posted adjusted EPS of $1.90 for the three-month period ended Feb. 28, down from $2.63 the year before, but ahead of the Street's view of $1.71. Net sales fell 11% to $1.92 billion, beating the average analyst estimate of $1.88 billion."Despite the dynamic operating environment in fiscal 2026, we remained focused on the factors within our control and executed with discipline," Chief Executive Bill Newlands said in the earnings release. "We expect consumers will continue to navigate a shifting macroeconomic environment, but we remain encouraged by the momentum we saw in the fourth quarter."Beer revenue ticked up 1% to $1.73 billion, buoyed by shipment growth of 1.1% and favorable pricing. The division's depletion rate, or the pace at which units are sold to end consumers, edged up 0.6%, as gains in the Pacifico, Victoria and the Modelo Chelada brands more than offset declines in Modelo Especial and Corona Extra.Sales of wine and spirits tumbled 58% to $194.2 million, amid a 73% plunge in shipment volume. This reflected the impacts of the divestiture of certain wine and spirits brands, strategic pricing actions on certain brands and changes in distributor contract obligations, the company said. The division's depletion rate inclined 8.3%.

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Financial News

Japan Machine Tool Orders Jump 28% in March

Market Chatter: QatarEnergy Initiates LNG Production Restart at Ras Laffan Complex

Middle East War Uncertainty Caps Asian Stock Markets

Japan Machine Tool Orders Jump 28% in March

Market Chatter: QatarEnergy Initiates LNG Production Restart at Ras Laffan Complex

Middle East War Uncertainty Caps Asian Stock Markets

Convatec Launches New Strategy to Hit Upgraded Revenue Targets

Constellation Issues Weak Full-Year Earnings Outlook as Fiscal Fourth-Quarter Results Decline

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Malaysian Shares Ended Lower, Mirroring Regional Losses; M N C Wireless' Shares Plunge 23%

US 10-Year Treasury Yield Falls to 4.29% Pre-Bell; 2-Year Rate Leans Lower to 3.79%

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European Council Calls for Swift Progress to Lasting US-Iran Peace, Protect Civilians, Restore Energy Normalcy

Singapore Shares Retreat, Track Regional Losses as Markets Asses Fragile US-Iran Ceasefire

Strait of Hormuz Flow to Remain Constrained for Weeks Despite Ceasefire, Says Sparta

Hong Kong Stocks Fall As US-Iran Ceasefire On Thin Ice; Two Firms File For IPO

Malaysian Industrial Production Mixed in March

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