FINWIRES — Financial News

Block Energy Raises $6 Million via Share Placement, Retail Offer

Block Energy (BLOE.L) raised $6.3 million through share placement and retail offer, according to a Tuesday filing.The London-listed oil and gas company issued 418,701,200 shares under the placing to raise $6.2 million and 4,506,716 shares in its retail offering to raise $67,000.Tennyson was the sole bookrunner for the placing.

$BLOE.L

Punjab & Sind Bank's Net Profit Rises in Fiscal Q4

Punjab & Sind Bank's (NSE:PSB, BOM:533295) net profit increased to 4.22 billion Indian rupees in the fiscal fourth quarter from 3.12 billion rupees a year earlier, according to a Monday filing to the Indian stock exchanges.Shares of the bank fell nearly 2% in Tuesday's trade.Earnings per share in the quarter ended March 31 climbed to 0.59 rupees from 0.46 rupees a year ago.Interest earned by the lender in fiscal Q4, however, slipped year on year to 30.3 billion rupees from 31.6 billion rupees a year earlier, the filing said.The company's board declared a dividend of 0.39 rupees per share for the fiscal year ended March 31.

$BOM:533295$NSE:PSB

Japan Stocks Fall as BOJ Holds Rates, Flags Middle East Uncertainty

Japanese equities closed lower on Tuesday after the Bank of Japan held its policy rate at 0.75% and flagged heightened uncertainty around the economic outlook.The Nikkei 225 fell 1.02%, or 619.90 points, to close at 59,917.46.The decision came with dissent from three board members who called for a rate increase, reinforcing expectations of a potential policy shift. Governor Kazuo Ueda said the likelihood of achieving the bank's forecasts has weakened due to uncertainty tied to the Middle East conflict.He said risks are skewed both ways, with downside pressure on growth and upside risks to inflation, particularly in fiscal 2026, making it difficult to assess the duration and impact on the economy and prices.In other economic news, Japan's unemployment rate rose to 2.7% in March from 2.6%, as the number of employed fell to 68.15 million and jobless increased to 1.86 million.On the corporate front, Shares of Denso (TYO:6902) fell about 3% after it withdrew its proposal to acquire a stake in ROHM (TYO:6963), citing lack of support and limited value upside.Shares of Nissan Motor (TYO:7201) rose about 4% after it forecast a narrower fiscal 2025 loss, with loss per share seen at 157.42 yen and net loss at 550 billion yen alongside slightly higher sales.Shares of Idemitsu Kosan (TYO:5019) gained about 3% after a report said it will supply Vietnam with around 4 million barrels of crude via routes bypassing the Strait of Hormuz.

$^N225$TYO:5019$TYO:6902$TYO:6963$TYO:7201

Oil & Energy1d ago

EMEA Oil Update: Brent Hits 3-Week Peak Amid Hormuz Standoff

Crude prices extended gains on Tuesday with Brent futures hovering above a three-week peak as the market remained skeptical of a new Iranian peace proposal.The Brent futures contract gained 2.3% to $110.72 per barrel, taking the contract to its highest since April 7.Murban closed at $104.19 on April 27 and was not trading as of the time of publishing this oil price update.While reports emerged that Tehran offered a deal to reopen the Strait of Hormuz in exchange for an end to the US naval blockade, analysts at Commerzbank noted that the market is "losing its faith" in such stories after numerous false starts."US-Iran peace talks remain at an impasse, with efforts to resume negotiations stalled. Iran reportedly offered the US a proposal to reopen the Strait of Hormuz over the weekend, which the White House confirmed is being discussed by President Trump's national security team," Saxo Bank analysts said.The physical impact of the US-led blockade is becoming increasingly stark.Data from Kpler reveals that Iranian oil exports have collapsed by 70%, dropping to just 567,000 barrels per day from a March average of 1.85 million.With Iranian storage facilities estimated to have less than 22 days of capacity remaining, the country faces forced production cuts of up to 1.5 million barrels per day by mid-May.This possibility of such a supply cut was reinforced on Monday when two Iran-linked supertankers, the Tifani and Phonix, were seen turning east away from the blockade after being intercepted by US forces near Sri Lanka.Looking ahead, the prospect of a "cruel summer" for global consumers is growing, strategists at RBC Capital Markets noted.RBC analysts warned that the conflict, now entering its third month, has triggered the largest supply shock in modern history by displacing nearly one billion barrels of crude and refined products.Even if a diplomatic breakthrough occurs, experts caution that damage to infrastructure and logistics entail a slow future recovery in Middle Eastern oil and gas output, ensuring higher prices and tighter inventories persist.

US Markets1d ago

Haier Smart Home's Q1 Profit Slides 15% on Lower US, China Demand

Haier Smart Home's (SHA:600690, HKG:6690) attributable profit dropped 15% in the first quarter amid demand pressures in the U.S. and mainland China, as well as a slide in revenue.The bottom line at the Qingdao, China-based home appliance manufacturer slid to 4.65 billion yuan in the first quarter from 5.49 billion yuan a year prior.Earnings per share fell 15% to 0.50 yuan from 0.59 yuan, according to a Tuesday filing with the Shanghai Stock Exchange.Profitability came under pressure during the first three months of 2026, especially in North America, where operating profit fell 10% due to extreme weather conditions such as blizzards, as well as the impact of tariffs by U.S. President Donald Trump, according to a Monday disclosure to the Hong Kong bourse.The home appliance maker boosted the integration of its large heating, ventilation, and air conditioning (HVAC) operations, it said in its filing.Revenue fell 6.9% year over year to 73.7 billion yuan from 79.1 billion yuan, slightly below market expectations of an 8% to 10% slide, according to a research note by Jefferies released Monday.Back home, the decline is attributable to a 6.2% slide in home appliance retail sales, in line with expectations from Jefferies.Overall overseas revenue slid 3.2% due to pressures in North America.European refrigeration sales inched up 1.3%, while the top line across South and Southeast Asia jumped 17% and 12%, respectively.Operating costs declined to 68.4 billion yuan from 72.5 billion yuan.The company also launched a plan to become a "user-centric platform-based technology ecosystem enterprise," as well as expanding its HVAC business, boosting its domestic model, and building its overseas brand.Jefferies reiterated its hold rating on Haier's Hong Kong and Shanghai shares.For 2026, the investment bank estimates earnings per share to slide 14% year over year with demand in China weakening in March through the second quarter before recovering in the second half.U.S. demand will also continue to face pressure through 2026, the bank said in a separate note in March.

$HKG:6690$SHA:600690

Financial News · Live Terminal

Block Energy Raises $6 Million via Share Placement, Retail Offer

Punjab & Sind Bank's Net Profit Rises in Fiscal Q4

Japan Stocks Fall as BOJ Holds Rates, Flags Middle East Uncertainty

Block Energy Raises $6 Million via Share Placement, Retail Offer

Punjab & Sind Bank's Net Profit Rises in Fiscal Q4

Japan Stocks Fall as BOJ Holds Rates, Flags Middle East Uncertainty

Dyne Therapeutics Insider Sold Shares Worth $7,101,120, According to a Recent SEC Filing

Spanish Monthly Retail Sales Gain 1.2% in March

Symbotic Insider Sold Shares Worth $1,180,199, According to a Recent SEC Filing

Symbotic Insider Sold Shares Worth $2,270,542, According to a Recent SEC Filing

Aclaris Therapeutics Insider Sold Shares Worth $1,359,000, According to a Recent SEC Filing

Spanish Jobless Rate Rises to 10.83% in Q1

Schwab Charles Insider Sold Shares Worth $6,579,331, According to a Recent SEC Filing

Yunnan Tin's Q1 Profit Jumps 74%, Revenue Climbs 60%; Shares Down 9%

UWM Holdings Insider Sold Shares Worth $11,186,417, According to a Recent SEC Filing

Asia-Potash International Investment's 2025 Profit Jumps 76%, Revenue Climbs 50%

BOJ Holds Rates as Three Members Push for Hike

Research Alert: Barclays Delivers In-line Q1 With Broad-based Growth; Reaffirms All Targets

EMEA Oil Update: Brent Hits 3-Week Peak Amid Hormuz Standoff

Market Chatter: Idemitsu Kosan to Supply Nearly 4 Million Barrels of Crude Oil to Vietnam

Paras Defence Signs MOU with Complus Systems and JV Micronics

Haier Smart Home's Q1 Profit Slides 15% on Lower US, China Demand

DSM Fresh Foods Forms New Subsidiary for Aquaculture; Shares Up 3%