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New Zealand's a2 Milk full-year profit falls 44% on weaker China-label IMF sales

New Zealand's a2 Milk full-year profit falls 44% on weaker China-label IMF sales

Aug 17 (Reuters) - New Zealand's a2 Milk reported a 44% drop in its full-year profit on Monday as customers switched to other brands after supply chain disruptions left its key China-label infant milk formula (IMF) product out of stock.
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New Zealand's a2 Milk tumbles on weak earnings forecast, profit miss

New Zealand's a2 Milk tumbles on weak earnings forecast, profit miss

Aug 17 (Reuters) - New Zealand's a2 Milk forecast weak annual earnings on Monday after missing market expectations for fiscal year 2026 due to supply-chain disruption in its China-label business, sending its shares plunging more than 10%.
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Swimming-Douglass sets 50m freestyle world record twice in one day

Swimming-Douglass sets 50m freestyle world record twice in one day

Aug 15 (Reuters) - Kate Douglass smashed the 50 metre freestyle world record she set only hours before in the morning preliminaries with a blazing swim in the evening final on Saturday at the Pan Pacific Swimming Championships in Irvine, California.
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Explainer-Trump wants more economic pressure on Iran. What are his options?

Explainer-Trump wants more economic pressure on Iran. What are his options?

By Andrea Shalal WASHINGTON, Aug 16 (Reuters) - U.S. President Donald Trump on Friday vowed to hit Iran hard economically, a day after Treasury Secretary Scott Bessent said that Washington would impose measures on Tehran that have "never been seen" as soon as next week.
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Swimming-Pallister stuns Ledecky in 800m free as Douglass resets 50m world mark twice

Swimming-Pallister stuns Ledecky in 800m free as Douglass resets 50m world mark twice

Aug 15 (Reuters) - Australia's Lani Pallister led wire-to-wire to win the 800 metre freestyle at the Pan Pacific Championships on Saturday, ending Katie Ledecky's long unbeaten run in one of the American's signature events.
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Chinese humanoid robot maker Unitree powers up for stellar Shanghai debut

Chinese humanoid robot maker Unitree powers up for stellar Shanghai debut

By Samuel Shen and Eduardo Baptista SHANGHAI/BEIJING, Aug 14 (Reuters) - China's Unitree, the country's most high-profile humanoid robot maker, is widely expected to have an explosive stock market debut in Shanghai next week. The only question is — how frenzied is it going to be?
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US rocket company Astra Space seeks to raise $250 million in comeback bid

US rocket company Astra Space seeks to raise $250 million in comeback bid

By Joey Roulette WASHINGTON, Aug 14 (Reuters) - U.S. rocket company Astra Space is seeking to raise $250 million at a $1 billion valuation in a funding round expected to close this quarter, CEO Chris Kemp said in an interview, as the company looks to rebound from years of financial struggles.
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Exclusive-Apple trains its own AI model for China market with Alibaba's support, sources say

Exclusive-Apple trains its own AI model for China market with Alibaba's support, sources say

Aug 14 (Reuters) - Apple has trained a large language model specifically for the China market, three people familiar with the matter said, a departure from the iPhone maker's strategy of relying on third-party models to power AI features in the country.
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BofA points to crucial Walmart numbers most investors ignore

BofA points to crucial Walmart numbers most investors ignore

Walmart (WMT) reports earnings on Aug. 20, and most of the attention will land on one figure: how much its U.S. stores sold compared with a year ago. That number matters. But Bank of America thinks investors who stop there are watching the wrong part of the business. The firm reiterated a Buy ...
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Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion

Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion

By Akash Sriram and Suzanne McGee Aug 14 (Reuters) - Alphabet's early bet on SpaceX has multiplied more than 100-fold, with the Google parent disclosing a stake worth about $94 billion at the end of June compared with the $900 million investment it said it made in Elon Musk's rocket company in 2015.
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Nigeria Seeks Dual Listings for Chinese Companies to Boost Capital Market

Nigeria Seeks Dual Listings for Chinese Companies to Boost Capital Market

Nigeria Seeks Dual Listings for Chinese Companies to Boost Capital Market
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Yen's weekly loss puts more intervention on traders' radar

Yen's weekly loss puts more intervention on traders' radar

SINGAPORE, Aug 14 (Reuters) - The yen headed for its biggest weekly loss in about a month on Friday as the impact of U.S. and Japanese intervention faded, leaving traders to wager that either rate hikes or another round of official buying would be needed to stem the decline.