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  • BP Board Decides To Remove Albert Manifold As Chair And Director, Stock Down In Pre-Market May 26, 2026 08:18 ET

    Tuesday, BP p.l.c. (BP) announced that its Board has unanimously decided to remove Albert Manifold from the positions of Chair and Director with immediate effect. This comes as the Board is disappointed to learn of governance oversight and conduct issues it deems unacceptable, forcing it to take action...

  • RTX: Raytheon In Collaboration With Northrop Grumman Awarded Phase Two Contract From DARPA May 26, 2026 08:18 ET

    Raytheon, an RTX (RTX) business, in collaboration with Northrop Grumman, has been awarded a phase two contract from the Defense Advanced Research Projects Agency Burn n' Go program to continue the development of a new solid rocket motor design. Under the phase two contract, Raytheon's Advanced Technology...

  • Champion Homes To Buy 11 Retail Sites From Homes Direct To Expand US West Footprint May 26, 2026 07:51 ET

    Champion Homes, Inc. (SKY), a leading producer of factory-built housing in North America on Tuesday announced that it has agreed to acquire the assets of 11 retail locations from Homes Direct, a manufactured home and modular home dealer on the West Coast, strengthening its presence in key Western U.S....

  • Turbogen In Talks To Acquire 50% Stake In Elbatech; Tzachi Abu To Acquire Control Of Turbogen May 26, 2026 07:21 ET

    Turbogen Ltd. said it is currently conducting negotiations to acquire a 50% stake in Elbatech Ltd., currently held by Abu Yehiel - Construction Company, a company controlled by businessman Tzachi Abu. The proposed transaction reflects an implied company valuation for Elbatech of approximately ILS 1.2...

  • Univar Solutions, Dow Expand Partnership For Silicone Additives In EMEA May 26, 2026 07:02 ET

    Univar Solutions B.V., a unit of Univar Solutions LLC , a chemicals and ingredients distributor, on Tuesday said its Ingredients + Specialties segment expanded its partnership with Dow Inc. (DOW). Under the new agreement, the company will distribute Dow's silicone additives for plastics and composites...

  • Flight Centre Travel Group Expects Middle East Tensions To Impact Q4 Results May 26, 2026 06:38 ET

    Tuesday, Flight Centre Travel Group Limited (FGETF.PK) shared a trading update, stating that despite strong results during the 9 months till March 31, the early fourth quarter has been heavily impacted by Middle East tensions. Meanwhile, the expected share of profit for the full year 2026 is anticipated...

  • CleanSpace Expects EBITDA Loss In FY26 As Product Delays Hit Revenue, Eyes New Launch; Stock Down May 26, 2026 05:52 ET

    CleanSpace Holdings Ltd. (CSX.AX), an Australia-based designer and manufacturer of respiratory protection equipment for industrial and healthcare solutions, on Tuesday announced that Operating EBITDA for the year to June 30 is expected to be a "small loss." Further, the company now expects full-year...

  • Lithia & Driveway Increases Share Repurchase Authorization By $500 Mln To $726 Mln May 26, 2026 05:47 ET

    Lithia & Driveway (LAD) announced Tuesday that it increased its share repurchase authorization by $500 million, bringing its remaining authorization to $726 million. Since March 31, the company has repurchased about 505,000 shares for more than $137 million at a weighted average price of $272 per...

  • Fisher & Paykel Healthcare FY26 Profit Jumps, Lifts Dividend; Sees Growth In FY27; Stock Up May 26, 2026 02:59 ET

    Fisher & Paykel Healthcare Corp. Ltd. (FPH.AX, FSPKF, FPH.NZ), a New Zealand-based medical device company, on Tuesday posted higher profit for fiscal 2026 as revenue rose. Further, the company raised dividend, and issued fiscal 2027 outlook, expecting year-over-year growth. On the ASX, shares of Fisher...

  • Kingfisher Q1 Underlying LFL Sales Down 0.7%; Confident In FY Guidance May 26, 2026 02:52 ET

    Kingfisher (KGF.L) reported first quarter Total Group sales of 3.3 billion pounds, up 1.4% as reported. Total sales including marketplace Gross merchandise sales was up 0.8%. Group like for like sales declined 0.9%. Underlying like for like sales were down 0.7%. For fiscal 26/27, the Group expects adjusted...

  • Trinseo Begins Chapter 11 Process; Secures New $150 Mln Revolving Credit Facility May 26, 2026 02:16 ET

    Trinseo PLC (TSEOF), a materials solutions provider, on Tuesday announced that it has started the next step in its financial restructuring plan with support from lenders holding the majority of its debt. The company said the plan is expected to reduce its debt by about $2 billion and reduce annual...

  • ASX FY-to Date Operating Revenue Climbs, Backs FY26 Outlook, Updates FY27 Capex View; Stock Down May 26, 2026 01:32 ET

    ASX Limited (ASXFY.PK, ASXFF.PK, ASX.AX) reported Monday higher operating revenue for the financial year to date period, and confirmed fiscal 2026 guidance for capex and expenses. Further, the firm said it expects to record divestment loss in fiscal 2026 related to its agreement to sell its 49 percent...

  • Goodman Group Sees FY26 Operating EPS Growth Of At Least 9% May 26, 2026 01:30 ET

    Goodman Group (GMGSF.PK), a provider of essential infrastructure, said it remains on track to deliver at least 9% operating EPS growth in fiscal 2026. Chief Executive Officer Greg Goodman said, "The Group has progressively repositioned its portfolio toward large, infrastructure-scale industrial assets...

  • Imperial Metals Announces NCIB To Repurchase Up To 890,855 Shares May 26, 2026 01:23 ET

    Imperial Metals Corp. (IPMLF, III.TO) announced Monday that the Toronto Stock Exchange accepted its notice to launch a normal course issuer bid to repurchase up to 890,855 common shares. The shares represent 0.5% of Imperial's issued and outstanding common shares as of May 20. The purchases under...

  • SATS Q4 Profit Rises May 25, 2026 08:47 ET

    SATS Ltd (S58.SI) reported fourth quarter profit attributable to owners of the company of S$50.7 million, an increase of 31% from a year ago. Earnings per share, in cents, was 3.4 compared to 2.6. The company said the improvement was partly supported by lower tax expenses in the current period. Operating...

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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