Karine Pinto-Flomenboim is joining Valens Semiconductor as its new chief financial officer, bringing experience from her previous role at Arbe Robotics. She is set to assume the position at the Hod Hasharon-based chipset manufacturer on August 9, filling a vacancy left by the departure of Guy Nathanzon.
Nextpower has agreed to acquire Zimmermann PV-Steel Group for approximately $378.6 million in a cash-and-stock deal designed to scale its solar-technology footprint. The transaction, slated to close in the second half of fiscal 2027, adds four product lines and extends the company’s operational reach into 15 new countries.
Regenxbio shares climbed 12% to $8.75 in premarket trading following reports that the Food and Drug Administration will reconsider its rejection of the company’s experimental gene therapy. The shift follows a regulatory impasse regarding Navsunli, a treatment intended for patients suffering from the fatal, rare condition known as Hunter syndrome.
Twelve weeks into a pivotal clinical trial, Merck & Co.’s experimental drug tulisokibart successfully induced clinical remission in patients suffering from moderately to severely active ulcerative colitis. The Rahway-based pharmaceutical giant confirmed the study met both its primary objective and critical secondary endpoints for the autoimmune treatment.
A tentative diplomatic breakthrough between Washington and Tehran has calmed regional anxiety, even as oil prices remain erratic. While U.S. and Iranian officials work toward ending military operations in Lebanon, investors are pivoting back to risk-on assets, propelling Japan’s Nikkei to a record closing high on Monday.
A retreat in oil prices and a quiet start for U.S. futures defined early trading, while investors navigated a fragmented landscape across Europe and Asia. Brent crude shed 1.6% to settle at $79.25 a barrel, dragging on energy sentiment even as regional benchmarks staged localized rallies in response to individual corporate earnings.
Danone has moved to solidify its presence in the Asia-Pacific nutrition market by acquiring Australia-based MADE Group. This strategic purchase of the health-food producer, which specializes in high-protein drinks and coconut-based snacks, marks a significant step in the French giant's regional expansion strategy.
A volatile diplomatic climate between Washington and Tehran has left Asian markets scrambling for direction, as fresh threats from the U.S. president clash with assurances from mediators in Pakistan and Qatar that a mechanism to halt military operations in Lebanon remains on the table.
Canada has secured a $1.75 billion deal for Australia’s cutting-edge over-the-horizon radar technology, a move designed to bolster North American defense against low-flying missile threats. The agreement represents Australia’s largest-ever defense export and marks the first time this high-frequency system has been sold to an international partner.
A 2.5 percent climb in revenue to 27.79 billion yen was not enough to shield Asahi Co. from a bottom-line contraction this spring. For the first quarter ended May 20, the Japanese firm reported a net profit of 2.14 billion yen, falling short of the 2.34 billion yen recorded during the same period last year.
Canada has finalized a $1.75 billion agreement to acquire Australia’s sophisticated over-the-horizon radar system, marking the largest defense export in Australian history. This strategic purchase aims to bolster North American aerospace defenses by tracking low-flying missiles across the Arctic that remain invisible to conventional radar due to the Earth's curvature.
With Beijing backing high-tech industrial growth, three Chinese manufacturers are tapping the Hong Kong equity market for a combined $270 million. Zhejiang Laifual Drive, Guangdong True Health Medical Technology, and Jiangxi Institute of Biological Products are all pricing their shares this week, aiming to conclude their offerings by June 25.
Shares of Alamos Gold dropped 18% Friday morning to 41.92 Canadian dollars, following an announcement that a series of seismic events and regional power failures have forced the company to lower its production outlook for both the second quarter and the full fiscal year.
High fuel prices loom over Alimentation Couche-Tard’s fourth-quarter results as investors weigh whether rising transaction fees and stretched consumer budgets will dampen the convenience-store operator's bottom line. Analysts expect a revenue climb to $18.51 billion when the company reports its figures after Monday’s market close.
The Strait of Hormuz is finally seeing movement again, but the resumption of transit follows a brutal four-month closure that choked global oil supplies. As tankers tentatively return to the waterway, Gulf producers now face the grueling task of clearing massive shipping bottlenecks and restoring prewar export capacity.
As global markets react to the U.S.-Iran peace deal, Asian central banks are bucking the global trend of caution. While counterparts in the U.S. and Europe hold steady, authorities in Japan, Indonesia, and the Philippines have aggressively raised rates to defend their currencies and contain the lingering effects of the energy shock.
Canada's MDA Space is acquiring Colorado-based Blue Canyon Technologies for $620 million in an all-cash deal, marking a aggressive push into the lucrative U.S. defense sector. The agreement, expected to close by year-end, grants the Canadian firm an immediate manufacturing foothold and entry into critical government supply chains.
Singapore state-owned investor Temasek Holdings has tapped Wendy Koh to oversee its global finances, marking a strategic leadership shuffle within its corporate ecosystem. Koh, currently serving as group CFO at the Temasek-owned real estate firm Mapletree Investments, will transition into her new role this autumn to succeed outgoing finance chief Png Chin Yee.
A sharp 18% plunge in Accenture shares has sent shockwaves through the Indian software sector, reigniting investor fears that artificial intelligence is rapidly rendering traditional IT consulting obsolete. The sell-off, which dragged down major Indian firms on Friday, underscores deep-seated anxieties regarding long-term revenue viability in an era of rapid automation.
The dollar climbed to a one-year high against a basket of currencies on Friday, fueled by a sudden market shift toward expectations of near-term Federal Reserve interest rate hikes. The DXY index reached 101.127 in early European trade, marking its strongest position since May 2025 despite the Juneteenth holiday.
With Wall Street shuttered for the holiday, European equities traded in a narrow range on Monday. The Stoxx Europe 600 index remained flat, reflecting a lack of directional conviction as investors navigated a quiet session across major global financial hubs.
Imasen Electric Industrial Co. Ltd. reported a net profit of 2.48 billion yen for the fiscal year ended March 31, 2026, marking a significant increase from the 2.08 billion yen recorded in the previous year, even as the company faced a notable contraction in its overall top-line revenue.
Aisan Technology Co. Ltd. reported a significant surge in profitability for the fiscal year ending March 31, 2026, with net profit climbing to 522 million yen from 286 million yen the previous year. This performance highlights a period of sharp financial expansion for the Japanese firm under local accounting standards.
Three Saudi-flagged supertankers carrying over 6 million barrels of crude cleared the Strait of Hormuz on Thursday, marking a tentative return to normalcy. Following the signing of a U.S.-Iran interim peace deal, vessel tracking data confirms the resumption of traffic, though clearing sea mines remains a significant hurdle for full recovery.
Kitazawa Sangyo Co. Ltd. reported a significant contraction in its fiscal year performance ending March 31, 2026, with net profit sliding to 220 million yen. This result marks a sharp decline from the 648 million yen recorded in the previous fiscal year, reflecting broader downward pressure on the company’s bottom line.
A 3.41 billion yen net loss for the fiscal year ending May 20, 2026, marks a sharp downturn for Cosel Co. Ltd., as the electronics manufacturer grapples with shrinking revenue and a transition from operating profit to a deficit. The figures represent a significant decline from the previous year’s 113 million yen loss.
A 37% jump in net profit highlights the fiscal year ending March 31 for Ohashi Technica, as the Japanese manufacturer reported earnings of 2.08 billion yen compared to 1.52 billion yen the previous year. This growth reflects a broader upward trend across the company's core financial metrics during the 2026 period.
A 460.4 million dollar deal sees Japanese food giant Itoham Yonekyu Holdings moving to acquire the New Zealand-based Greenlea Group. The transaction, executed through the company’s consolidated subsidiary Anzco Foods, marks a strategic push to consolidate the firm's meat processing and manufacturing operations within the Pacific market.
Nelson Haight is stepping down as chief financial officer of Team after a four-year tenure, clearing the path for industry veteran Clinton Roeder to assume the role on June 22. The industrial services firm confirmed the leadership transition on Thursday, marking a pivot in its ongoing financial strategy.
BCB Bancorp has suspended its quarterly dividend, a defensive pivot aimed at bolstering the institution's balance sheet while leadership conducts a comprehensive audit of its credit portfolios. The decision marks a sharp departure from the bank’s previous commitment to consistent shareholder payouts.
