Today: 23 May 2026

Glencore stock rises on Citi adviser talk as Rio Tinto deadline nears — what to watch next

Glencore stock rises on Citi adviser talk as Rio Tinto deadline nears — what to watch next

Glencore shares rose 0.9% to 505.6 pence in early London trading after reports it is close to hiring Citi for possible Rio Tinto merger talks. Rio Tinto faces a UK takeover deadline to clarify its intentions by Feb. 5. Both companies declined to comment. Investors await news on a possible deadline extension and Glencore’s full-year results due Feb. 18.
Rio Tinto share price: Glencore taps Citi as Feb. 5 takeover clock ticks

Rio Tinto share price: Glencore taps Citi as Feb. 5 takeover clock ticks

Glencore is close to appointing Citigroup as lead adviser for merger talks with Rio Tinto, sources say, ahead of a Feb. 5 UK takeover deadline. Rio Tinto shares closed up 0.95% at 6,802 pence Monday amid market volatility. Initial talks in January included a possible all-share merger. Major shareholders FMR LLC and FIL Limited disclosed recent purchases of Rio Tinto shares.
Rolls-Royce (RR.L) share price today: buyback update lands ahead of Feb 26 results

Rolls-Royce (RR.L) share price today: buyback update lands ahead of Feb 26 results

Rolls-Royce bought back 195,383 shares on Monday as part of its £200 million interim buyback, bringing total repurchases to 10,852,055 shares since January. The stock closed up 1.6% at 1,230.5 pence, below its 52-week high. The buyback runs until Feb. 24, with UBS AG London Branch executing trades. Rolls-Royce reported 8,436,095,193 voting rights as of Jan. 31.
Hongkong Land share price jumps 4% in Singapore — H78 hits a fresh 52-week high

Hongkong Land share price jumps 4% in Singapore — H78 hits a fresh 52-week high

Hongkong Land Holdings shares rose 4.23% to $8.63 in Singapore Tuesday, nearing the top of their 52-week range on volume of 2.78 million shares. The move followed gains in Asian markets and metals, with property stocks drawing renewed interest as rate expectations shifted. Investors await the company’s earnings report on March 5 for updates on leasing and asset values.
Yangzijiang Shipbuilding share price edges up in Singapore as Maersk delivery draws focus — March 4 in view

Yangzijiang Shipbuilding share price edges up in Singapore as Maersk delivery draws focus — March 4 in view

Yangzijiang Shipbuilding shares edged up 0.3% to S$3.34 in Tuesday afternoon trade after Maersk took early delivery of the Tangier Mærsk, the first of six vessels from the group’s Jingjiang yard. The ship arrived three months ahead of schedule. Investors are watching for the company’s March 4 earnings and updates on new orders. China’s shipbuilding output rose 11.4% in 2025, official data showed.
3 February 2026
ST Engineering stock rises in Singapore as MRO upgrade and satellite plans keep earnings in focus

ST Engineering stock rises in Singapore as MRO upgrade and satellite plans keep earnings in focus

ST Engineering shares rose 1.2% to S$9.92 in Singapore afternoon trading after announcing expanded aircraft maintenance services and new satellite projects. The company unveiled a larger unmanned cargo drone at the Singapore Airshow and plans to launch a laser-communications satellite in late 2026. Full-year results are due before market open on Feb. 27.
3 February 2026
India stock market jumps after U.S. cuts tariffs to 18% in trade deal; Sensex, Nifty rally

India stock market jumps after U.S. cuts tariffs to 18% in trade deal; Sensex, Nifty rally

Indian stocks soared Tuesday after Donald Trump announced a trade deal cutting U.S. tariffs on Indian goods to 18%. The Sensex jumped over 2,450 points, or 3%, by midday; the Nifty 50 rose 753 points, briefly hitting a record at the open. The agreement is tied to India reducing oil imports from Russia and buying more U.S. oil. Key details on timing and enforcement remain unclear.
3 February 2026
SGX share price jumps nearly 3% — what traders are watching before Singapore Exchange earnings

SGX share price jumps nearly 3% — what traders are watching before Singapore Exchange earnings

Singapore Exchange shares rose nearly 3% to S$18.08 in Tuesday afternoon trading, rebounding from Monday’s 0.4% drop. Investors are awaiting first-half FY2026 results, set for release before market open on Feb 5. December’s cash-equity turnover jumped 29% year-on-year to S$25.8 billion, while derivatives volume climbed 22% to 28.3 million contracts.
Singapore Airlines stock rises as Air India Dreamliner checks show no issues; Feb 24 update looms

Singapore Airlines stock rises as Air India Dreamliner checks show no issues; Feb 24 update looms

Singapore Airlines shares rose 2% to S$6.49 Tuesday as executives gathered in Singapore for a key aviation event focused on delivery and maintenance delays. Air India, part-owned by Singapore Airlines, grounded a Boeing 787 for fuel switch checks; no fleet-wide issues found so far. Singapore Airlines renewed a five-year component deal with Collins Aerospace for its 777s. The company reports third-quarter results on Feb. 24.
3 February 2026

Stock Market Today

  • Northern Star Resources Shares Fall as CEO Succession Plan Announced
    May 23, 2026, 1:52 AM EDT. Northern Star Resources (ASX:NST) revealed Managing Director Stuart Tonkin will step down in early FY27, starting a CEO succession process. Shares dropped 17.41% over 30 days to A$18.83, down 33.53% in 90 days, contrasting with a 5-year total shareholder return of 86.28%. Analysts value the stock at A$27.38, implying 31.2% undervaluation. The firm's acquisition of the Hemi project and a strong 10-year reserve-backed production profile underpin long-term growth prospects. However, this outlook depends heavily on successful large capital projects and stable gold prices, with risks from cost overruns and commodity volatility. Investors face a trade-off between potential rewards and risks amid the leadership change and recent price weakness.

Latest articles

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

23 May 2026
The Dow closed at a record 50,579.70 on Friday, while the S&P 500 notched its eighth straight weekly gain. After-hours trading saw SPY, QQQ, DIA, and IWM all move lower. U.S. markets will be closed Monday for Memorial Day. Investors await Thursday’s inflation data.
IREN Stock Pauses as Nvidia Rally Cools Before Holiday

IREN Stock Pauses as Nvidia Rally Cools Before Holiday

23 May 2026
IREN shares fell 2.1% to $56.83 Friday, ending a two-day rally but closing the week up 7.4%. The stock’s moves follow a $3.4 billion AI cloud deal with Nvidia and a $3 billion convertible note offering. March-quarter revenue dropped to $144.8 million, with a net loss of $247.8 million. U.S. markets close Monday for Memorial Day; trading resumes Tuesday.
AXT stock reaches record; investors weigh risk to rally

AXT stock reaches record; investors weigh risk to rally

23 May 2026
AXT shares jumped 16.37% to $140.83 on Friday, hitting a 52-week high and trading above all recent analyst targets. The surge followed strong demand for AI-linked optical networking hardware and a sharp rise in indium phosphide orders. First-quarter revenue climbed to $26.9 million, with gross margin turning positive. Management forecast Q2 profitability and a backlog over $100 million.
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