Pakistan’s central bank has reduced its policy rate by 100 basis points to 19.5%, effective immediately. The move aims to stimulate economic activity while managing inflation.
Tata International plans to boost its sustainable leather production to 50% in the next four years, up from 27%.
Cipher Pharmaceuticals' shares surged 18% to 10.25 Canadian dollars ($7.41) following its $89.5 million acquisition of Natroba's global rights and U.S. operations from ParaPRO.
On Monday, significant M&A activity included HPE's $14 billion acquisition of Juniper Networks, Sixth Street's $5.1 billion deal for Enstar, and Boss Energy's withdrawal from the Jabiluka site purchase. Pacific Smiles supported NDC’s A$303 million offer, while Vital Energy nears a $1.1 billion deal and UltraTech Cement eyes a $472 million acquisition.
The Securities and Exchange Board of India (Sebi) proposes expanding the definition of "connected persons" under insider trading regulations to include a broader range of relatives and entities.
Oxley Holdings repurchased 100,000 shares at SG$0.079 each, totaling SG$7,947.42, according to a Singapore Exchange filing. To date, the company has bought back 18,764,000 shares out of its authorized 212,473,205.
FirstCry, which was valued at $2.8 billion during its most recent private funding round, has carefully prepared for this public offering. The company refiled its draft IPO papers with the Securities and Exchange Board of India (SEBI) on April 29, incorporating updated financial metrics and responding to SEBI’s requests for additional details.
The joint venture between Rivian, an American EV manufacturer known for its all-electric R1T pickup and R1S SUV, and Volkswagen, a leading German automaker, aims to leverage both companies' expertise to drive advancements in electric vehicle technology.
The entry of Samsung into Apple's image sensor supply chain is anticipated to bolster Samsung's position in the image sensor market.
McDonald's reported a 1% drop in comparable sales for the second quarter due to a decline in guest count, despite raising menu prices to boost revenue. The company's revenue fell short of analyst projections, highlighting the challenge of balancing pricing strategies with maintaining its customer base in a competitive market.
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