Monday, MOGU Inc. (MOGU), a KOL-driven online fashion and lifestyle destination in China, announced financial results for the six months ended March 31, 2026. For the second half of fiscal year 2026, net loss attributable to MOGU totaled RMB 48.6 million compared to RMB 39.4 million in the prior year. Net...
UK prime minister Keir Starmer has resigned under mounting pressure from within his own party after months of political turmoil. The embattled leader also quit as the head of the Labor Party. Speaking outside 10 Downing Street Monday, Starmer said he is responding to the party's question if he's "best placed to lead us into the next general election", adding, "I have heard the answer". In an em
The first round of US-Iran talks as a precursor to reach a final deal to end the Middle East war ended with "encouraging progress," reports quoting mediators say. Mediators Qatar and Pakistan, which are facilitating negotiations in Switzerland, said in a joint statement Monday that a High Level Committee...
Babcock International Group (BAB.L), a British aerospace company, reported Monday lower profit for fiscal 2026, even as revenues were higher. Contract backlog declined, while the company raised annual dividend, and maintained outlook for fiscal 2027 and medium-term. On the London Stock Exchange, the...
Nextpower Inc. (NXT), an energy and technology company, on Monday announced a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider, for up to EUR 330 million in cash and stock. The transaction is expected to close in the second half of Nextpower's fiscal...
ArcelorMittal SA (MT) on Monday announced a partnership with Amazon Web Services (AWS)] to accelerate industrial automation across its global operations. The steelmaker said it will leverage cloud, artificial intelligence, and edge technologies to enhance manufacturing processes and advance sustainability...
Media measurement firm DoubleVerify Holdings, Inc. (DV) announced on Monday that it has expanded its DV Authentic AdVantage product to tech major Meta Platforms, Inc. (META) and social media platform TikTok, combining media quality protection, AI-powered optimization and independent measurement. The...
Australian safety products maker Ansell Ltd. (ANN.AX) announced on Monday that it has appointed Erik Van den Enden as chief financial officer, effective September 1. Van den Enden joins the company from Versuni, a home-appliances company where he served as group CFO. He previously served as CFO and...
Metcash Ltd. (MCSHF, MTS.AX), an Australian wholesaler of food, grocery, hardware, and liquor, on Monday reported lower profit in fiscal 2026, while Group EBITDA increased amid slightly higher revenues. Regarding the outlook, Metcash said it enters fiscal 2027 with strong momentum and clear strategy....
SGH Ltd. (SGH.AX), an operating and investment company, announced an on-market buyback of its ordinary shares of up to A$500 million over the next 12 months as part of its capital management strategy. The buyback is scheduled to begin alongside the release of its fiscal 2026 results. The company...
Sumitomo Pharma Co., Ltd. (4506.T) announced on Friday that Japan has cleared Wegovy Subcutaneous Injection, which it co-promotes with Novo Nordisk B A/S (NVO), to treat metabolic dysfunction-associated steatohepatitis or MASH, marking the first approval for the liver disease in the country. The approval...
Elon Musk's spacecraft maker Space Exploration Technologies Corp. or SpaceX (SPCX) is preparing to issue an investment-grade bond offering of at least $20 billion to refinance a temporary bridge loan due in September 2027, reports said citing sources familiar with the matter. SpaceX's bankers are...
Canadian space technology firm MDA Space Ltd. (MDA, MDA.TO) announced on Friday that it has agreed to acquire U.S. spacecraft maker Blue Canyon Technologies LLC for $620 million or C$874 million in cash from Raytheon, an RTX Corp. (RTX) business. The acquisition will add $3.5 billion, or about C$4.9...
French drug major Sanofi (SNY, SAN.PA) announced Friday that Sarclisa (isatuximab) subcutaneous (SC) formulation combination therapy has been approved in Japan for patients with multiple myeloma. In a statement, the company that the Ministry of Health, Labour and Welfare in Japan has granted approval...
Energy company Equinor ASA (EQNR, EQNR.OL) announced Friday an investment of just over 4 billion Norwegian kroner by the firm and its partners in a new subsea development that will increase gas production from the Troll field in the North Sea. Equinor's partners in the Troll West Increased gas recovery...
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.