MORNING NEWS CALL TOP NEWS • Korean leaders aim for end of war, "complete denuclearisation" after historic summit The leaders of North and South Korea embraced after pledging to work for the "complete denuclearisation of the Korean peninsula", on a day of smiles and handshakes at the first inter-Korean summit in more than a decade. • TransCanada profit rises 14 percent Pipeline operator TransCanada Corp reported a 14 percent rise in first-quarter profit on Friday, helped by higher demand for its liquids and natural gas pipelines. • Cameco turns to profit on lower costs, higher uranium prices Cameco posted a first-quarter profit compared with a loss a year ago as the uranium producer benefited from lower costs and higher prices of the commodity. • Wisconsin oil refinery fire out, at least 15 hurt -officials An explosion at Husky Energy's refinery in Superior, Wisconsin, caused a fire that burned for several hours on Thursday and sent smoke billowing into the air, prompting the evacuation of thousands of residents, officials said. • Refiner Phillips 66 reports Q1 profit dip U.S. oil refiner Phillips 66 reported a 2 percent fall in first-quarter profit, hurt by higher costs. BEFORE THE BELL Stock futures pointed to a lower opening for Canada's main stock index on Friday as oil prices fell due to a stronger U.S. dollar. Futures for the Nasdaq Composite were higher, lifted by strong gains from tech giants such as Amazon and Facebook, while the Dow and S&P futures were little changed. Rally in tech shares also boosted Asian equities and well-received results from Spanish banks buoyed European shares. Gold edged higher, but was likely to fall after the prospect for a Korean denuclearization deal erod- ed bullion's safe-haven appeal. STOCKS TO WATCH Results • Cameco Corp (CCO). The company posted a first-quarter profit compared with a loss a year ago as the uranium producer benefited from lower costs and higher prices of the commodity. Net earnings were C$55 million, or 14 Canadian cents per share, in the quarter ended March 31, compared with a loss of C$18 million, or 5 Canadian cents per share, a year earlier. Revenue rose to C$439 million from C$393 million. TransCanada Corp (TRP). The pipeline operator reported a 14 percent rise in first-quarter profit, helped by higher demand for its liquids and natural gas pipelines. Net income attributable to common shares for the first quarter rose to C$734 million, or 83 Canadian cents per share, from C$643 million, or 74 Canadian cents per share, for the same period in 2017. Revenue rose C$3.42 billion from C$3.41 billion. REUTERS Canada Edition Friday, April 27, 2018
4
Embed
MORNING NEWS CALLshare.thomsonreuters.com/assets/newsletters/morning_News... · 2018. 4. 27. · MORNING NEWS CALL TOP NEWS • Korean leaders aim for end of war, "complete denuclearisation"
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
MORNING NEWS CALL
TOP NEWS
• Korean leaders aim for end of war, "complete denuclearisation" after historic summit
The leaders of North and South Korea embraced after pledging to work for the "complete denuclearisation of the Korean peninsula",
on a day of smiles and handshakes at the first inter-Korean summit in more than a decade.
• TransCanada profit rises 14 percent
Pipeline operator TransCanada Corp reported a 14 percent rise in first-quarter profit on Friday, helped by higher demand for its liquids
and natural gas pipelines.
• Cameco turns to profit on lower costs, higher uranium prices
Cameco posted a first-quarter profit compared with a loss a year ago as the uranium producer benefited from lower costs and higher
prices of the commodity.
• Wisconsin oil refinery fire out, at least 15 hurt -officials
An explosion at Husky Energy's refinery in Superior, Wisconsin, caused a fire that burned for several hours on Thursday and sent
smoke billowing into the air, prompting the evacuation of thousands of residents, officials said.
• Refiner Phillips 66 reports Q1 profit dip
U.S. oil refiner Phillips 66 reported a 2 percent fall in first-quarter profit, hurt by higher costs.
BEFORE THE BELL
Stock futures pointed to a lower opening for Canada's main stock index on Friday as oil prices fell due to a stronger U.S. dollar.
Futures for the Nasdaq Composite were higher, lifted by strong gains from tech giants such as Amazon and Facebook, while the
Dow and S&P futures were little changed. Rally in tech shares also boosted Asian equities and well-received results from Spanish
banks buoyed European shares. Gold edged higher, but was likely to fall after the prospect for a Korean denuclearization deal erod-
ed bullion's safe-haven appeal.
STOCKS TO WATCH
Results
• Cameco Corp (CCO). The company posted a first-quarter profit compared with a loss a year ago as the uranium producer benefited
from lower costs and higher prices of the commodity. Net earnings were C$55 million, or 14 Canadian cents per share, in the quarter
ended March 31, compared with a loss of C$18 million, or 5 Canadian cents per share, a year earlier. Revenue rose to C$439 million
from C$393 million.
TransCanada Corp (TRP). The pipeline operator reported a 14 percent rise in first-quarter profit, helped by higher demand for its
liquids and natural gas pipelines. Net income attributable to common shares for the first quarter rose to C$734 million, or 83 Canadian
cents per share, from C$643 million, or 74 Canadian cents per share, for the same period in 2017. Revenue rose C$3.42 billion from
Peyto Exploration & Development Corp (PEY). Amount C$0.06
PrairieSky Royalty Ltd (PSK). Amount C$0.07
Sienna Senior Living Inc (SIA). Amount C$0.08
Superior Plus Corp (SPB). Amount C$0.06
TORC Oil & Gas Ltd (TOG). Amount C$0.02
Vermilion Energy Inc (VET). Amount C$0.23
Whitecap Resources Inc (WCP). Amount C$0.03
(All analysts' estimates are according to Thomson Reuters I/B/E/S)
4
MORNING NEWS CALL - CANADIAN EDITION April 27, 2018
PICTURE OF THE DAY
A mourner pays respects at a makeshift memorial on Yonge Street after a van attacked multiple people in Toronto, On-tario, Canada, April 26, 2018. REUTERS/Carlo Allegri
(Compiled by Erum Khaled and Yoganand KN in Bengaluru) To subscribe for The Morning Newscall newsletter click here To un-subscribe for this newsletter click here For questions or comments about this report, contact: [email protected] To launch a Co-branded Morning News Call from your firm, contact: [email protected] For more information about our products: https://www.thomsonreuters.com/en/products-services.html Or send us a sales enquiry at: https://www.thomsonreuters.com/en/contact-us.html