07:48 AM EDT, 08/20/2025 (MT Newswires) -- Marwest Apartment Real Estate Investment Trust (MAR-UN.V) said overnight Tuesday that it swung to a net loss in the second quarter. The REIT reported a net loss of $10,826 for the three months ended June 30, reversing the year-ago net income of $2.5 million. Revenue from investment properties remained steady at $2.6 million...

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. The State Council - China's cabinet - will review and possibly approve a roadmap later this month for the greater usage of...

07:54 AM EDT, 08/20/2025 (MT Newswires) -- Kingsoft Cloud ( KC ) reported Wednesday a Q2 net loss of 0.11 Chinese renminbi ($0.01) per diluted share, compared with a loss of $0.10 renminbi a year earlier. Three analysts polled by FactSet expected a loss of 1.23 renminbi. Revenue for the quarter ended June 30 was 2.35 billion renminbi, up from...

07:53 AM EDT, 08/20/2025 (MT Newswires) -- Jazz Pharmaceuticals ( JAZZ ) has obtained exclusive worldwide rights to develop and commercialize Saniona's experimental epilepsy drug, SAN2355, the companies said Wednesday. Saniona will receive an upfront payment of $42.5 million, with potential additional payments totaling over $1 billion, including development, regulatory, and commercial milestone payments, as well as royalties on future...