Financial News

Corus Entertainment Q2 Net Loss Attributable to Shareholders of $6.1 Million or $0.03 Loss Per Share Basic

WTI, Brent Crude Futures Rise Pre-Bell as Trump Wants Hormuz Opened Before Peace Talks in Pakistan

Private Credit Abroad an Option for Major Korean Institutional Investors Amid Crowded Local Market, S&P Says

Large Korean institutional investors could growingly consider investing on private credit abroad amid narrow domestic opportunities and diversification efforts, S&P Global Ratings said in a recent release.The country's institutional investors manage between $45 billion and $50 billion in private credit, according to the rating agency's estimate.The local credit market is already supported by financial intermediaries that are focused on corporate lending and government efforts that prioritize economic growth and lower household leverage, S&P credit analyst Daehyun Kim said.The private credit market, where funds have material exposure, is under pressure amid Al disruption risk for software companies, with recent investor outflows from semi-liquid US private credit funds pointing to liquidity and transparency constraints, the rating agency said.Strain in US private credit will not have a significant impact on Korea's financial system, given that the country's institutional investors only have a 2.1% share of private credit in their total invested assets, S&P said.Despite possible expansion in the institutional investors' private credit portfolio, this will be done through careful selection of funds, greater scrutiny of underlying asset quality, and a wider focus on diversification, according to S&P.

Malaysian Shares Rebound Tracking Regional Rally as Islamabad Peace Talks Boost Sentiment

Malaysian shares ended higher on Friday, tracking gains across Asian markets as sentiment improved on signs of easing geopolitical tensions in the Middle East ahead of highly anticipated US-Iran talks in Islamabad.The FTSE Bursa Malaysia KLCI added 5.07 points to end 0.3% higher at 1,691.31. The day range was between 1,685.66 and 1,692.97.In economic news, Malaysia's unemployment rate stood at 2.9% in February, unchanged from the previous month, according to data released by the country's Department of Statistics.The sales value of Malaysia's wholesale and retail trade rose 5.3% annually to 156.3 billion ringgit in February, the Department of Statistics said. The growth was driven by a 7.7% increase in retail trade and a 5.7% rise in wholesale trade. Monthly, the sales value declined by 2.2%, the data showed.In corporate news, shares of Wasco (KLSE:WASCO) slid about 3% on close on news that it is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting. The conglomerate is also seeking its shareholders' nod to renew authority to purchase up to 10% of the issued shares of the company.

Metro Q1 Adjusted EPS of $0.98 per Diluted Share

Global Investments Repurchases More Shares

Global Investments (SGX:B73) bought back 166,400 shares in the open market on Friday for SG$21,316, or SG$0.128 apiece, according to a same-day filing with the Singapore bourse.The company is authorized to repurchase nearly 162.3 million shares under its current mandate. To date, it has bought back over 26.6 million shares.

Indobell Insulations Secures Export Order for Steam Turbine Insulation; Shares Jump 5%

Indobell Insulations (BOM:544334) secured an export order worth $82,500 from GE Vernova Operations LLC, Cambridge, USA, according to an Indian bourse filing on Friday.The order is for steam turbine insulation (Blanket Therm), to be executed by June 2027, the filing said.Shares of the company jumped 5% in recent trade.

Greenland Hong Kong Logs 2.06 Billion Yuan in Q1 Contracted Sales

Greenland Hong Kong (HKG:0337) recorded contracted sales of around 2.06 billion yuan in the first quarter of 2026, according to a Friday Hong Kong bourse filing.The property firm's gross floor area for the three months stood at approximately 229,254 square meters.

Market Chatter: Saudi Aramco Reportedly Asks Clients to Submit Cargo Nominations for May

Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, reportedly told its customers to submit nomination plans for May-loading cargoes.Reuters wrote Friday, citing two sources with knowledge of the matter, that the Saudi oil giant's shipments from Yanbu on the Red Sea and Ras Tanura would be subject to the reopening of the still-restricted Strait of Hormuz.Meanwhile, Kuwait Petroleum Corp. also issued clients with available loading dates for Kuwait Export Crude in April. However, cargo nominations are still in the process and will depend on the buyers being able to lift the cargoes.Aramco and Kuwait Petroleum Corp. did not immediately respond to requests for comment from.(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.)

US 10-Year Treasury Yield Steady at 4.29% Pre-Bell; 1-Yr Rate Up 2.8 Basis Points at 3.71%

Oasis Securities Appoints CFO; Shares Up 5%

Oasis Securities (BOM:512489) has appointed Surendra Kumar Joshi as its chief financial officer, effective Friday, according to a same-day disclosure to the Indian stock exchanges.He takes over from Devi Dutt Agarwal, who resigned from the position on March 23.The company's shares were up 5% in recent trade.

Affin Hwang Upgrades IOI to Buy from Hold; Price Target is MYR4.80

IOI (KLSE:IOICORP) has an average rating of overweight and mean price target of 4.51 ringgit, 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)

Sanyo Trading to Acquire 100% Stake in Kitakyu Sensui

Sanyo Trading (TYO:3176) said it will acquire all shares of Kitakyu Sensui to make it a subsidiary, according to a Friday filing on the Tokyo Stock Exchange.The company will buy 600 shares for an undisclosed amount, resulting in the acquisition of a 100% stake, with the deal expected to close on May 29.Sanyo Trading said the acquisition will help expand its ocean-related services and support growth in offshore wind power-related business.

Crude Oil Prices Rise as Attacks on Saudi Infrastructure Exacerbate Supply Concerns

Crude oil prices rose on Friday amid concerns about recent attacks on energy infrastructure in Saudi Arabia and its impact on global supply.Brent crude at last look gained 1% to US$96.89/barrel and West Texas Intermediate crude climbed 0.9% to $98.83/barrel. Prices are still expected to record weekly losses amid market optimism about the ceasefire between the U.S. and Iran and Israel signaling a potential diplomatic opening, Reuters said in a Friday report.Attacks on Saudi facilities have cut its oil production capacity by about 600,000 barrels per day and throughput on the East-West Pipeline by about 700,000 bpd, Saudi state news agency SPA reported, citing an official source at the Ministry of Energy.Meanwhile, traffic through the Strait of Hormuz was well below 10% of normal volumes on Thursday despite the ceasefire, Reuters reported.Mukesh Sahdev, founder & CEO of energy consultancy XAnalysts, said in the Reuters report that the "key variable now is how flows through the Strait of Hormuz actually resume - not whether they reopen."

Hoya Weighs Lowering Investment Units; No Decision on Stock Split Yet

Hoya (TYO:7741) said it is considering lowering its investment units to broaden its investor base and support market activity, according to a Friday filing on the Tokyo Stock Exchange.The company said no decision has been made on specific measures, including a stock split, or the timing of any changes.Hoya said it will assess factors such as share price, market conditions, and shareholder composition before taking action.

US Treasury Yields Mixed Ahead of Inflation Report Amid Concerns Around Fragile Iran Ceasefire Deal

C&D International Investment's Contracted Sales Slide 21% in Q1

C&D International Investment (HKG:1908) recorded attributable contracted sales of around 19.3 billion yuan in the first quarter of 2026, down 21% from a year prior, according to a Friday Hong Kong bourse filing.The property firm's attributable gross floor area for the three months slipped 27% year over year to roughly 706,000 square meters.

CBOE Volatility Index Falls Pre-Bell Ahead of CPI as Iran-US Truce Holds Before Talks in Pakistan

Rakus Sees No Direct Impact From Middle East Tensions

Rakus (TYO:3923) said there has been no direct impact on its business or sales from the Middle East situation, as it has no operations, suppliers or customers in the region, according to a Friday filing on the Tokyo Stock Exchange.The company said potential risks could arise indirectly from higher oil prices, currency swings, or a broader economic slowdown affecting client performance.

Citigroup Adjusts Price Target on Marathon Petroleum to $243 From $210, Maintains Neutral Rating

Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $246.65, 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)