BASF SE has been initiated with a Buy rating due to its strong capital returns and an active €1 billion share buyback program. The planned spin-off of its Agricultural Solutions division in 2027 is expected to reduce the conglomerate discount and increase its valuation multiple. The company offers a forward shareholder yield above 6%, supported by disciplined capital allocation, robust cash flow, and a minimum annual dividend of €2.25. The buyback program also helps address concerns about cash flow and acquisitions, with potential for a 27% re-rating to a 10x EV/EBITDA multiple after the spin-off.
Bottomline, a leading Swift service provider handling over $16 trillion in payments annually, has partnered with Chainlink to help more than 600 banks send value across blockchain networks without changing their existing payment systems. This collabo...
Chewy's shares rose 1.9% in premarket trading after the company reported Q2 adjusted earnings of $0.36 per share, matching analyst expectations, and revenue of $3.33 billion, slightly above estimates. Management raised the full-year 2027 revenue fore...
Agroz Inc. has signed a multi-year strategic agreement with Harvest Hive Sdn Bhd to supply and distribute fresh highland vegetables from over 500 acres of farmland in Malaysia's Cameron Highlands. This deal significantly expands Agroz's supply capaci...
The World Bank's International Finance Corporation (IFC) has launched a $700 million initiative to expand digital payment access in emerging markets, with Mastercard contributing $500 million and Visa supporting $200 million in credit risk sharing. T...
Pinnacle Silver & Gold Corp has announced strong gold and silver mineralization from underground drilling at the historic Pinos Cuates mine on its Potrero property in Durango, Mexico. Recent drill holes returned significant grades, including 10.89 me...
