The defense contractor announced the PAC-3 ACE missile, costing less than half of the current model, to address high demand for air defense driven by global conflicts and the rise of low-cost threats.
Samsung Electronics America is moving its consumer electronics headquarters from New Jersey to Texas, a strategic consolidation impacting 739 positions in New Jersey and resulting in about 100 layoffs in Plano, Texas.
Australia's benchmark S&P/ASX 200 index closed marginally lower on Monday, slipping 0.06% as weakness in the IT and healthcare sectors counteracted a rally in energy and materials shares.
Shares of the Hong Kong-listed IT services provider soared as much as 38% after announcing a strategic agreement with AI startup Moonshot AI to develop and commercialize enterprise-grade AI applications.
Shares of the Chinese technology giant gained over 5% in Hong Kong after the company released a preview of its most advanced AI model, Qwen3.8 Max, and pledged to make it open-source.
UK-based Croma Security Solutions reported a 15% increase in fiscal 2026 revenue, driven by the successful integration of several acquired locksmith and security businesses.
Norwegian aquaculture technology firm AKVA Group reported a 25% rise in second-quarter operating profit, exceeding analyst expectations, driven by strong order intake and improved profitability in its key segments.
A surge in highly leveraged stock trading among South Korean retail investors has pushed margin debt to a record 38.63 trillion won, prompting regulatory intervention amid concerns over market volatility and extreme financial risk.
Bernstein reiterated Outperform ratings for Linde and Air Products, highlighting Linde's consistent earnings performance and Air Products' strategic shift and favorable valuation.
