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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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European stocks were mostly higher on Thursday, with U.K. markets underperforming ahead of the Bank of England's interest-rate decision.
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1 h 11 min atrás
Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
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Asian Shares End Mostly Higher As Trump's New Tariffs Go Into Effect
Asian stocks advanced on Thursday as U.S. President Donald Trump's sweeping new tariffs take effect against dozens of countries.
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1 h 47 min atrás
China Exports Growth Accelerates; Imports Rise Unexpectedly
China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
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2 h 8 min atrás
UK House Prices Rise At Fastest Pace In 6 Months
UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
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3 h 7 min atrás
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
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3 h 17 min atrás
German Exports Recover In June
Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
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