q.beyond AG (QBY.DE) posted a first quarter net loss of 1.1 million euros compared to a loss of 0.3 million euros, prior year. EBITDA was 1.5 million euros compared to 2.3 million euros, previous year. The company said its earnings were influenced by future growth investments to expand AI expertise and...
Stabilus SE (SIUAF, STM.DE), a supplier of motion control solutions, on Monday announced the sale of subsidiaries Fabreeka and Tech Products to VMC Group for about $92 million. The transaction is expected to close in the third quarter of fiscal year 2026. The divestiture forms part of the company's...
Rio Tinto Plc (RTNTF, RIO, RIO.L, RTPPF, RIO1.DE, RIO.AX), an Anglo-American mining and metals company, said that Yindjibarndi Energy Corp. (YEC) has reached Financial Close for the Jinbi Solar Project in the Pilbara region of Australia and has signed a 30-year Power Purchase Agreement with Rio Tinto....
Oroco Resource Corp. (OCO.V), a Canadian mineral exploration company, on Monday announced the appointment of Charles Cryer as its new chief executive officer, effective June 16. He replaces Richard Lock who had resigned in March this year for personal reasons. Cryer, a mining engineer with more...
German re-insurer Hannover Re (HVRRY.PK, HVRRF.PK) reported Monday higher profit in its first quarter, despite a decline in reinsurance revenue. Further, the firm maintained fiscal 2026 outlook. Group net income in the first quarter climbed 48 percent to 710.6 million euros from last year's 480.5...
K+S Group (SDFG.DE) posted a loss after tax and non-controlling interests of 156.9 million euros compared to net income of 85.5 million euros, prior year. Loss per share was 0.88 euros compared to profit of 0.48 euros. EBITDA was 279.2 million euros compared to 200.6 million euros, last year. Loss after...
Kobe Steel, Ltd. (5406.T), on Monday reported lower net income in the fiscal year 2025 ended March 31 compared with the previous year. For the fiscal year, profit attributable to the owners of the parent declined 22 percent to 93.72 billion yen from 120.18 billion yen in the previous year. Basic...
Shares of CSL Limited (CMXHF.PK, CSL.AX, CSLLY) plunged around 18 percent in Australian trading after the biotech firm on Monday announced that it now expects an additional $5 billion impairment charge for fiscal 2026 and 2027, and trimmed outlook for 2026. The firm also announced the progress of...
California Attorney General Rob Bonta, joined by San Francisco County District Attorney Brooke Jenkins, Los Angeles County District Attorney Nathan J. Hochman, Napa County District Attorney Allison Haley, and Sonoma County District Attorney Carla Rodriguez, with support from the California Privacy Protection...
Tenaris S.A. (TS) announced that it has signed a definitive agreement to acquire 100% of the share capital of Artrom Steel Tubes S.A. from GLGH Steel, LLC, a U.S.-based company. The agreed purchase price is 86 million euros, structured on a cash-free and debt-free basis, and includes a normalized level...
Following the pullback seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The tech-heavy Nasdaq led the way higher and reached a new record closing high along with the S&P 500.
The Commerce Department released a report on Friday showing a sharp increase in U.S. wholesale inventories in the month of March. The report said wholesale inventories shot up by 1.3 percent in March after climbing by an upwardly revised 0.9 percent in February.
Stocks have moved mostly higher during trading on Friday, more than offsetting the pullback seen over the course of the previous session. The tech-heavy Nasdaq has led the way higher, reaching a new record intraday high along with the S&P 500. Currently, the Nasdaq and the S&P 500 are hovering near their best levels of the day.
Consumer sentiment in the U.S. has deteriorated by more than anticipated in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 48.2 in May from 49.8 in April. Economists had expected the index to edge down to 49.3.
A closely watched report released by the Labor Department on Friday showed much stronger than expected U.S. job growth in the month of April. The Labor Department said non-farm payroll employment shot up by 115,000 jobs in April after surging by an upwardly revised 185,000 jobs in March. Economists had expected employment to climb by 63,000 jobs.
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.