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NATL News11 articles
Petrobras Shares Drop on Domestic Diesel Price Increase Amid Government Tax Shift
Petrobras shares declined following a diesel price increase for distributors, set against Brazil's removal of federal diesel taxes and new crude export tax. The state oil giant reported a strong Q4 profit but faces policy headwinds.
Bradesco Shareholders Approve Capital Increase, Eye Healthcare Restructuring
Banco Bradesco secured shareholder approval for a R$6.67 billion capital boost through reserve capitalization, leaving its ADR price unchanged. Investors now await a key March 31 vote on consolidating healthcare assets under Odontoprev.
Fortescue Directors Increase Holdings Following Strong Earnings, Dividend Boost
Multiple Fortescue board members acquired shares in late February, following the iron ore miner's announcement of a 23% jump in first-half earnings and an increased interim dividend. The stock gained 2% on Thursday.
Woodside Directors Increase Holdings Amid Leadership Transition
Woodside Energy's board-linked trustee purchased shares for seven non-executive directors, signaling confidence during a CEO search and major project negotiations. The company's Scarborough project is 94% complete.
Defense Stocks Rally on Middle East Tensions, Fueling Budget Increase Bets
UK defense contractors BAE Systems and Babcock International advanced sharply, countering broader market declines, following escalated Middle East hostilities. Investors are pricing in higher global defense budgets, with the White House targeting a $1.5 trillion U.S. outlay by 2027.
Kingsoft Cloud Shares Slide on Increased Related-Party Lease Caps
Kingsoft Cloud Holdings Limited shares declined 5.6% in early trading following a regulatory filing detailing increased annual caps for related-party property and lease agreements. Investors are monitoring upcoming Hong Kong disclosures and U.S. payrolls data.
Kingsoft Cloud Shares Slide on Increased Related-Party Lease Caps
Kingsoft Cloud Holdings Limited shares declined 5.6% in early trading following a regulatory filing disclosing elevated annual caps for connected property transactions. Investors are monitoring for further disclosures and upcoming U.S. economic data.
NovoCure Shares Surge on FDA Approval for Pancreatic Cancer Device
NovoCure's stock jumped over 20% premarket after the FDA cleared its Optune Pax device for treating locally advanced pancreatic cancer, marking the first new treatment for this condition in nearly three decades.
Walmart Shares Dip Ahead of Earnings Despite Analyst Target Increases
Walmart shares declined 1.65% to $129.02 and extended losses after hours as investors await quarterly results. Analysts at Oppenheimer and Mizuho raised price targets citing strong holiday performance.
Coca-Cola Shares Dip Ahead of Earnings Despite Wells Fargo Target Increase
Coca-Cola stock declined 1.2% to $78.08 as consumer staples underperformed a broader market rebound. Wells Fargo raised its price target to $87 ahead of Tuesday's quarterly results.
Infineon Gains on Planned Power Chip Price Increases, AI Demand Outlook
Infineon shares rose 1.5% Friday following reports of planned price hikes for select power products in April. The company cites tight supply and higher costs, with UBS raising its price target to €47.