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  • Australian Antitrust Regulator Clears Ampol-EG Australia Deal With 41-site Divestiture; Stock Up June 03, 2026 04:16 ET

    The Australian Competition and Consumer Commission or ACCC on Wednesday announced that it has cleared Ampol Retail Holding Pty Ltd's (ALD.AX) acquisition of UK-based EG Group's Australian fuel and convenience business. The approval is subject to the divestiture of 41 retail sites across Australia...

  • Lupin, Natco Receive FDA Approval For Eribulin Mesylate Injection June 03, 2026 03:43 ET

    Lupin (500257, LUPIN) and its alliance partner Natco Pharma announced the approval from the FDA for Natco's Abbreviated New Drug Application for Eribulin Mesylate Injection, 1 mg/2 mL Single-Dose Vials. Eribulin Mesylate Injection is indicated for the treatment of adults with metastatic breast cancer...

  • Voestalpine FY Profit Rises; Issues Outlook June 03, 2026 02:25 ET

    voestalpine (VAS.DE, VOES.VI) reported that its fiscal year profit after tax, before deduction of non-controlling interest, improved to 424 million euros from 179 million euros, prior year. The operating result or EBITDA rose to 1.5 billion euros from 1.3 billion euros. The Group increased its profit...

  • Inditex Q1 Profit Rises, Q2-to-date Store And Online Sales Climb; Sees Stable Gross Margin In FY26 June 03, 2026 02:23 ET

    Inditex - Industria de Diseño Textil SA (IDEXF.PK), a Spanish clothing firm, on Wednesday reported higher profit and sales in its first quarter. Regarding the current second-quarter trading, the company noted that store and online sales in constant currency between May 1 and June 1 increased 11.5...

  • Elementis Launches GBP 25 Mln Share Buyback Programme June 03, 2026 02:23 ET

    Elementis plc (ELM.L, ELMTY), a speciality chemical company, on Wednesday announced the commencement of a share buyback programme to repurchase up to approximately GBP 25 million of its ordinary shares by February 28, 2027. The aggregate maximum consideration payable under the programme is approximately...

  • Microsoft Launches Majorana 2 Quantum Chip; Targets Scalable Quantum Computer By 2029 June 03, 2026 01:32 ET

    Microsoft Corporation (MSFT) introduced Majorana 2, a next-generation topological quantum chip developed with support from its agentic AI system, Microsoft Discovery. According to the company, the new chip features an improved materials stack that delivers a 1,000-fold increase in qubit reliability...

  • State Street And Jadwa Partner To Advance Asset Services In Oman June 03, 2026 01:27 ET

    State Street Corp. (STT) announced the signing of a Memorandum of Understanding with Jadwa Investment, an investment management and advisory firm in the Middle East. The agreement sets the stage for a strategic collaboration in the Sultanate of Oman, where the two firms will jointly identify and develop...

  • AmperCap Prices Initial Public Offering Of 12.5 Mln Units June 03, 2026 01:26 ET

    AmperCap Acquisition Company (APMCU) said that it has priced its initial public offering of 12.500 million units at $10 per unit. The units are expected to be listed on The Nasdaq Stock Market LLC and begin trading on June 3, under the ticker symbol "APMCU." The offering is expected to close on June...

  • Keystone Acquisition Prices $250 Mln IPO At $10/Unit June 03, 2026 01:26 ET

    Keystone Acquisition Corp. (KEYYU) on Tuesday announced the pricing of its initial public offering of 25 million units at $10 per unit. The offering is expected to close on Thursday. The gross proceeds from the offering are expected to be $250 million. The company said that each unit consists...

  • Applied Aerospace & Defense Prices IPO At $20/Shr June 03, 2026 01:13 ET

    Applied Aerospace & Defense, Inc. (AADX) on Tuesday announced the pricing of its initial public offering of 32.5 million shares of common stock at $20 per share. The offering is expected to close on Thursday. The company granted the underwriters a 30-day option to purchase up to an additional...

  • Astera Labs Expands Taiwan Operations To Accelerate AI Infrastructure; Stock Up June 02, 2026 22:00 ET

    Astera Labs Inc. (ALAB) announced a major expansion of its Taiwan operations and Cloud-Scale Interop Lab. This move strengthens the company's engineering and operational footprint while deepening strategic collaboration with customers and ecosystem partners in one of the world's most critical semiconductor...

  • Yum! Brands COO Tracy Skeans Plans To Retire June 02, 2026 21:51 ET

    Yum! Brands Inc. (YUM) announced that its Chief Operating Officer and Chief People & Culture Officer,Tracy Skeans, plans to retire after more than 25 years with the company. Skeans will remain in her current role through late this year, after which she will move into an advisory position. Skeans'...

  • Texas Instruments Appoints Julie Knecht To Succeed Rafael Lizardi As CFO June 02, 2026 21:37 ET

    Texas Instruments Inc. (TXN) announced that it has appointed Julie Knecht as chief financial officer, effective August 1, 2026. Knecht succeeds Rafael Lizardi, who will retire after 25 years with the company. Lizardi will provide continued support in an advisory role until August 31, 2026, to facilitate...

  • Shopify Adds $3 Bln To Share Repurchase, Total Now $5 Bln June 02, 2026 21:31 ET

    Shopify Inc.(SHOP, SHOP.TO), a Canadian e-commerce company, announced that its Board of Directors has authorized an additional $3 billion for the repurchase of Class A subordinate voting shares, bringing its aggregate repurchase authorization to $5 billion. As of June 1, 2026, Shopify has repurchased...

  • U.S. Stocks Finish With Modest Gains June 02, 2026 16:25 ET

    Wall Street was able to shake off early weakness and find modest gains on Tuesday, with each of the three major averages hitting record closing highs for the third day in a row. The Dow added 228.91 points or 0.45 percent to finish at 51,307.79, while the NASDAQ rose 7.09 points or 003 percent to...

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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