Financial & Business News

Nintendo said it sold 15.7 million units of its flagship Switch console in the year ended March 2024, beating its own forecasts.

After a rough couple of years, exchange-traded funds (ETFs) tied to clean energy generation and distribution are starting to outperform investor vehicles centred on oil and gas exploration and production.

The United States sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, the U.S. Treasury Department's top sanctions official said on Tuesday.

LNG Shipping Stocks: Preparation For A Bullish Move

Atlantic Lithium said resource drilling at a new area at the Ewoyaa lithium project in Ghana, West Africa, had intercepted more high-grade and broad mineralisation. Assay results received for 4,101m of drilling at the Dog-Leg target and sterilisation reverse circulation holes at the proposed plant site, showed grades up to 1.85% lithium (Li2O) with a mineral resource upgrade now targeted for mid-year.

BP plc reported a profit of $2.3 billion attributable to shareholders in the first quarter, a significant decrease from $8.2 billion in the same period last year. The less-favourable comparison reflects exceptionally strong gas marketing and trading results in the first quarter of 2023, \weaker fuel margins, and lower production at 914 million barrels of oil equivalent- 5.7% lower year on year.

Brookfield Renewable Partners has generated ~13% in total returns since March this year, when I published my bull thesis on this stock. The depressed share price, strong pipeline, exposure to CPI component, and fortress balance sheet continue to render BEP an enticing investment case for me. Besides this, Q1 2024 earnings results show an uptick in FFO, benefit from long-dated debt financings, and a promising deal with Microsoft.

Nintendo said on Tuesday it expects to sell 13.5 million Switch consoles in the financial year ending March 2025.

XOP: Oil Turns Quiet, E&P Stocks Remain A Bargain

KEFI Gold and Copper said the finance syndicate board processes for the Tulu Kapi gold mine (TKGM) development in Ethiopia are on track for final (conditional) approvals this month (May 2024). All syndicate parties have confirmed final (conditional) approval or are targeting this month while KEFI is now targeting a beneficial interest in TKGM of 80%.