Hannover Re Stock Drops After 48% Profit Jump as Price Pressure Bites
Hannover, May 11, 2026, 15:04 CEST Hannover Re shares fell on Monday even after the German
Valve Steam Machine Leak Points To Four Bundles — But Price Is the Real Test
Four Steam Machine package IDs appeared in Steam’s internal database, fueling speculation about Valve’s new living-room PC, but the company has not confirmed pricing, preorders, or a release date. Valve recently imported
Gold Price Today: Why Bullion Fell as Oil Spike, Rupee Slide Hit Indian Market
Gold fell 1% to $4,667.99 an ounce Monday as oil prices surged after stalled U.S.-Iran talks, pushing the rupee to a record
U.S. Stock Futures Wobble as Oil Shock Hits Fed Cut Bets and Wall Street’s Record Rally
U.S. stock-index futures were flat early Monday as oil prices surged, following President Trump’s rejection of Iran’s response to a U.S. peace
Adani Power Overtakes NTPC After 50% Rally, Rewriting India’s Power Stock Race
Adani Power’s market value rose to about ₹4.3 lakh crore, overtaking NTPC as India’s most valuable listed power company despite NTPC’s much
Petrol, Diesel Price Hike Alert: IOC, BPCL, HPCL Lose ₹1 Lakh Crore as Crude Shock Deepens
India’s state fuel retailers have absorbed over ₹1 lakh crore in under-recoveries in 10 weeks as global crude prices surged, while pump
Indian Railways Just Cleared ₹362 Crore For Kavach — Punjab And J&K Routes Are Next
Indian Railways has approved a ₹362-crore expansion of the Kavach automatic train protection system over 1,478 route km in Punjab and Jammu and Kashmir. The project covers key sections in the Firozpur and Jammu divisions, including the Jalandhar City–Jammu Tawi–Katra and Banihal–Baramulla lines. Kavach is designed to automatically apply brakes in unsafe conditions and prevent collisions.
Oil Shock Returns as Trump Rejects Iran Peace Offer and Stocks Stall Near Records
European shares were flat and Brent crude climbed above $105 after President Trump rejected Iran’s response to a U.S. peace proposal, dimming
PS Plus May 2026 Could Get Its Big Star Wars Moment — But Sony Has Only Confirmed Time Crisis
Star Wars Outlaws leads fan predictions for Sony’s PlayStation Plus Extra and Premium May lineup, with community threads pointing to a May
Openreach Adds 238 UK Areas to Copper Switch-Off List as Landline Deadline Nears
Openreach has added 238 UK telephone exchanges to its full-fibre “stop sell” programme, bringing the total to 2,116, according to a May
Oil Tankers Go Dark Near Hormuz as Iran Risk Keeps Crude Above $100
Three crude oil tankers carrying 6 million barrels left the Strait of Hormuz with tracking systems off, shipping data showed, as Iranian
Canara Bank Q4 Results: Profit Falls 10%, But Bad Loans Keep Improving
Canara Bank’s Q4 standalone net profit fell 9.9% to ₹4,505.57 crore, despite a 3.9% rise in net interest income to ₹9,808 crore. Gross NPA ratio improved to 1.84% from 2.94% a year earlier, but fresh slippages increased to ₹2,771 crore. The board recommended a ₹4.20 per share dividend for FY26. Full-year standalone net profit rose 12.69% to ₹19,187 crore.
Sensex Crash Today: Why Nifty Slid Below 23,950 as Oil Shock and Modi’s Fuel Appeal Hit Dalal Street
Indian shares tumbled Monday, with the Sensex down over 900 points and the Nifty 50 falling below 23,950 after crude oil prices surged past $105 a barrel. The rupee weakened past 95 to the dollar, while jewellery and travel stocks slumped following Prime Minister Modi’s call to cut fuel and gold purchases. All sectoral indices traded lower, and market volatility jumped 10%.
Rupee Near Record Low: Oil Shock Pushes India’s Currency Past 95 Against Dollar
The rupee fell past 95 per dollar on Monday, reaching 95.1850, after oil prices surged and U.S.-Iran peace talks stalled. Brent crude rose about 4% to over $105 a barrel. Prime Minister Modi urged Indians to save fuel and cut non-essential foreign spending. Indian stocks dropped, with the Nifty 50 down 1.16% and the Sensex off 1.28% in morning trade.
UK & AU Stock Market Today: Live Updates 11.05.2026
LIVEMarkets rolling coverageStarted: May 11, 2026, 12:00 AM EDTUpdated: May 11, 2026, 9:50 AM EDT Australia Glass Baby Bottles Market Forecast to 2035: Imports, Trends, and Challenges May 11, 2026, 9:04 AM EDT. The Australia glass baby bottles market is import-dependent, with over 90% supplied mainly from China and Europe. Glass bottles hold 12-18% of the baby bottle segment but command 1.5-2.5 times higher unit value than plastic alternatives, driven by premium branding and material quality. Consumer demand escalates as health-conscious millennials and Gen Z parents seek BPA-free, heat-resistant glass options, bolstered by sustainability trends emphasizing reusability and recyclability. E-commerce
Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story
Coles Group shares closed at A$21.63 on May 8, down 0.8%, as investors assess if rising fuel and supplier costs will erode margins despite a 4% jump in third-quarter supermarket sales to A$9.8 billion. Supermarket price inflation eased to 0.8%, but Coles faces more supplier cost requests and higher freight expenses. Woolworths reported stronger sales growth but warned of slower earnings.
Cochlear Limited Shares Face A$100 Test After Shock Profit Cut: What Investors Watch Now
Cochlear shares are set to reopen near A$100 after plunging 40.7% on April 22 following a sharp profit downgrade. The company cut its FY26 underlying net profit forecast to A$290 million–A$330 million, far below February guidance. Analysts flagged structural headwinds and questioned forecast reliability. The stock closed May 8 at A$99.89, down 61.7% for the year.
Xero Shares Face Pivotal Results Week as Melio Bet Comes Into View
Xero will report FY26 full-year earnings on May 14, its first results since detailing AI and U.S. payments plans. Shares last traded at A$83.56, down 51.5% over the year. The company will shift guidance to adjusted EBITDA and provide a one-off FY27 revenue growth range. Xero’s US$2.5 billion Melio acquisition and U.S. payments launch remain under market scrutiny.
South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play
South32 aims to secure a new electricity deal for its Hillside Aluminium smelter by 2029, ahead of its discounted Eskom contract expiring in 2031. Talks with Eskom include renewable power options with backup supply. The smelter supports thousands of jobs and consumes power continuously. South32’s Mozal plant in Mozambique shut in March after failing to secure affordable electricity.
Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan
Santos shares closed at A$7.52, down 1.44%, as investors assess the impact of Australia’s new gas reservation policy requiring exporters to supply 20% of exports to the domestic market from July 2027. The rule could pressure Santos’s GLNG venture, which currently does not supply domestic gas. Analysts warn the policy may slow LNG supply growth. Santos expects Barossa and Pikka projects to boost output by up to 30% by 2027.
Longi’s First Finland Battery Goes Live as Nordic Storage Race Heats Up
Longi Green Energy Technology has launched its first Finnish battery energy storage system, a 2 MW/4 MWh unit at the Söderby Solpark solar site in the Åland Islands. The system, designed for sub-zero conditions, integrates with a 4 MW solar plant and can restart local power after outages. Grid operator Fingrid reports 1,050 MW of storage now connected nationwide. Finland is tightening rules for battery grid integration as storage demand rises.
Lynas Rare Earths Stock Is Back in Focus Before Trump-Xi Summit
Lynas Rare Earths shares last closed at A$19.44, down 2.46%, after a strong 2026 run. The U.S.-China rare-earths deal remains in effect ahead of May 14-15 talks in Beijing, keeping attention on non-Chinese suppliers like Lynas. The company reported A$265 million in March-quarter sales, more than double a year earlier. Lynas recently signed a U.S. supply deal backed by $96 million from the Pentagon.
QBE Insurance Shares Slid After 11% Premium Growth — The Pricing Signal Explains Why
QBE Insurance Group kept its 2026 outlook after first-quarter gross written premium rose 11% to US$9.2 billion. Shares fell 1.55% Friday despite reaffirmed guidance and higher premiums. Net catastrophe claims reached about US$300 million for the year to April. Investment income totaled US$500 million in the four months, with funds under management at US$36.1 billion.
WiseTech Global Stock Back on Watchlists as AI Job Cuts Test CargoWise Growth
WiseTech Global shares closed at A$42.27 on May 8, down 4.6% and far below their 52-week high, as investors react to an AI-driven restructure and uncertainty over 2,000 planned job cuts. Trading has been volatile, with shares rising 5.2% on May 5 before three sessions of losses. The company reported first-half fiscal 2026 revenue up 76% and EBITDA up 31%, citing the e2open acquisition and AI rollout.
Mineral Resources Stock Faces a New Debt-Repair Test After COO Move and POSCO Lithium Push
Mineral Resources has named Darren Killeen as chief operating officer, a new role reporting to Managing Director Chris Ellison. Shares closed Friday at A$69.55, down 2.5%. The company’s lithium joint venture with POSCO has reached formal agreements, with completion now expected in the first half of FY2027. Net debt dropped to about A$4.5 billion at March 31.
Fortescue’s $1 Billion Court Test Arrives as Rio Tinto Locks In Pilbara Solar Deal
The Federal Court will rule Tuesday on compensation for the Yindjibarndi people over Fortescue’s Solomon Hub mine in Western Australia, with claims exceeding A$1 billion. Fortescue argues compensation should be capped at about A$8.1 million. The dispute follows a 2017 judgment affirming Yindjibarndi native title rights. Rio Tinto recently signed a solar energy deal with the Yindjibarndi ahead of the ruling.
Goodman Group Just Bought a Newark Brewery. The Real Prize Is Land, Power and Logistics
Goodman Group has acquired Anheuser-Busch’s former Newark brewery for about $360 million, securing 86 acres near Newark Liberty International Airport. Public filings show $317.4 million of the price attributed to land, $43.6 million to buildings. Anheuser-Busch shifted production and offered 475 affected workers roles elsewhere. Goodman plans to redevelop the site for logistics and data centers.
Woolworths Group’s 700-Store Recycling Comeback Lands as Trust Fight Deepens
Woolworths Group’s revived soft-plastics recycling program now runs in over 700 supermarkets across five Australian states, collecting about 40 million pieces since February. The scheme follows REDcycle’s 2022 collapse and comes as Woolworths faces ACCC allegations of misleading price claims and trims its 2026 earnings outlook. Coles and Aldi are also rolling out similar bins as the industry rebuilds collection systems.
Wesfarmers Stock Just Got Hit: Why Bunnings and Kmart Prices Are Back in Focus
Wesfarmers shares closed at A$72.25 on May 8, down 1.95%, as oil-driven cost pressures and freight surcharges weigh on the group. CEO Rob Scott warned some prices will rise, especially for building supplies tied to petrochemicals. The S&P/ASX 200 fell 1.51% Friday, its worst day since March, with Wesfarmers among the major drags. Brent crude settled at US$101.29 a barrel after fresh Gulf tensions.
Ripple XRP ETFs Hit $1.32B in Inflows — Why the Token Still Hasn’t Caught Up
U.S. spot XRP ETFs saw $6.04 million in net inflows on May 8, bringing total inflows to $1.325 billion since launch. Canary Capital’s XRPC was the only fund with net inflow that day, now totaling $438 million historically. XRP traded near $1.50, up 5.76% over 24 hours, with a market value of about $92.9 billion. Ondo Finance completed a cross-border tokenized U.S. Treasuries redemption using the XRP Ledger.
Telstra Group Limited’s $1.25 Billion Buyback Is Nearly Spent. Here’s What Investors Are Watching
Telstra disclosed A$12.2 million in additional share buybacks for May 8, bringing total spending to about A$1.08 billion under its current A$1.25 billion program. The buyback comes as Telstra raises mobile prices by up to A$5 a month. Shares closed at A$5.31 on May 8, down 0.38%. The next major update is due with annual results on August 13.
Australia Stock Market Week Ahead: ASX 200 Faces Budget, Wages and Oil Test
The ASX 200 dropped 1.51% to 8,744.4 points on Friday, erasing nearly A$50 billion from Australian equities ahead of a week packed with budget, wage, and confidence data. The Reserve Bank of Australia raised the cash rate to 4.35% on May 5, citing inflation pressures from higher fuel prices. Treasurer Jim Chalmers will deliver the federal budget Tuesday night, with A$2 billion earmarked for new housing supply.
UK Stock Market Today: FTSE 100 Faces GDP Test After Third Weekly Drop
The FTSE 100 closed Friday at 10,233.07, marking its third consecutive weekly decline. Investors await UK GDP data due Thursday, with energy prices and Middle East tensions weighing on sentiment. Sterling rose and gilt yields fell after Prime Minister Starmer confirmed he would stay in office. Vodafone, Greggs, Burberry, and National Grid are among stocks in focus this week.
Evolution Mining Share Price Jumps 7% in Week as Gold and Copper Rally Put EVN Back in Focus
Evolution Mining shares closed last week up 7.4% at A$13.05, outperforming other major ASX gold miners. The company reported A$406 million in March-quarter cash flow and moved to net cash of A$42 million, with no debt repayments due until FY29. Gold and copper production for the quarter reached 170,000 ounces and 11,000 tonnes, respectively. Evolution expects full-year gold output on track but copper at the low end of guidance.
PLS Group Limited (ASX:PLS) Shareholder Shake-Up: MUFG Filing Puts Lithium Stock Back in Focus
Mitsubishi UFJ Financial Group disclosed a 5.11% voting stake in PLS Group Limited, according to May 8 ASX filings. State Street also increased its holding to 9.77%. PLS reported record March-quarter production of 232,436 dry metric tonnes of spodumene concentrate and reaffirmed 2026 guidance. The company recently closed a US$600 million senior unsecured note issue due 2031.
Northern Star Resources Stock: $500 Million Buyback Runs Into One Hard Question
Northern Star Resources shares closed at A$21.16 Friday, down 2.49% and far below last year’s high, as investors weigh a A$500 million buyback against rising costs at its Kalgoorlie mill expansion. March-quarter gold sales reached 380,807 ounces at an AISC of A$2,709 per ounce. FY26 project capital at KCGM rose to up to A$700 million on cost inflation and construction delays.