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MOGU Board Authorizes To Repurchase Up To $10 Mln Of Shares
(RTTNews) - MOGU, Inc. (MOGU), a KOL-driven online fashion and lifestyle retailer, announced Friday that its board of directors has authorized a new share repurchase program, where the Company is authorized to repurchase up to $10 million of its shares, effective until August 31, 2023.
The Company expects to fund the repurchases under this program with its existing cash balance.
The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.
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Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
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48 minutes ago
European Shares Extend Gains On Trade Deal Optimism
European stocks rose for a fourth consecutive session on Thursday as optimism prevailed about a potential trade deal between the U.S. and the European Union.
EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.
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1h 21min ago
Asian Shares Mostly Higher Despite Trump's Tariff Threats
Asian stocks ended Thursday's session mostly higher, unfazed by U.S. President Donald Trump's latest tariff salvos.
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1h 47min ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Thursday.
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1h 48min ago
Canadian Dollar Climbs Against Most Majors
The Canadian dollar strengthened against most major currencies in the early European session on Thursday.
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2h 2min ago
NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the early European session on Thursday.
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2h 11min ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the early European session on Thursday.
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2h 21min ago
Bank Of Korea Keeps Rates Steady
The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent.
The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
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3h 54min ago
