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MarketAxess brings 4 local currencies to Open Trading model

October 3, 2023 2:52 pm
MarketAxess Holdings Inc, an operator of an electronic trading platform for fixed-income securities, said on Tuesday that it had enhanced its Open Trading solution for local currency bonds. The first tranche of local currency markets, which will now be supported, include Poland, Czech Republic, Hungary and South Africa. The launch of Open Trading for emerging […] Read more

ASSA ABLOY announces acquisition of Brazil’s Inovadoor

October 3, 2023 11:42 am
ASSA ABLOY said on Tuesday that it had acquired Inovadoor Portas Industriais Ltda, a Brazil-based manufacturer of sectional and high-speed doors. Inovadoor Portas Industriais was established in 1997 and it currently employs about 100 people. The firm’s sales equaled about BRL 52 million (nearly SEK 100 million) for the full year 2022. The acquisition will […] Read more

Turkey inflation rate rises to 9-month high, USD/TRY at fresh peak

October 3, 2023 9:00 am
Turkey’s annual inflation rate has accelerated for a third successive month in September, to 61.5%, data by the Turkish Statistical Institute showed on Tuesday. It has been the highest inflation rate since December 2022, mostly driven by increases in tax rates and the Lira devaluation. The Turkish currency plummeted to a fresh all-time low of […] Read more

Australia central bank holds cash rate for 4th month, AUD/USD at 11-month low

October 3, 2023 7:17 am
The Reserve Bank of Australia left its cash rate without change at 4.1% at the first policy meeting under new Governor, Michele Bullock. The central bank extended the rate pause for the fourth consecutive month in a move that came in line with market consensus. The RBA Board again said inflation had already peaked, but […] Read more

Olin completes acquisition of White Flyer Targets

October 2, 2023 1:03 pm
Olin Corp, a global manufacturer and distributor of chemical products and a leading manufacturer of ammunition in the United States, said on Monday that it had finalized the previously announced acquisition of White Flyer Targets. The transaction was funded with cash on hand, Olin said. White Flyer will be combined with Olin Corp’s Winchester Ammunition […] Read more

BBVA begins 1 billion euro share repurchase programme

October 2, 2023 10:44 am
Spanish lender BBVA said on Monday that it would begin a EUR 1 billion share buyback programme. Up to 564.6 million outstanding shares will be bought on the stock market by September 2024, BBVA said in a stock market filing. Yet, the programme may be suspended at any time, the bank said. The share repurchase […] Read more

Euro Area manufacturing downturn continues in September

October 2, 2023 8:40 am
Euro Area’s Manufacturing Purchasing Managers’ Index (PMI) was confirmed at a reading of 43.4 in September, data by Markit Economics showed on Monday, slightly lower than August’s level of 43.5. The figure pointed to a 15th straight month of contraction in the region’s manufacturing sector. New order inflows decreased at one of the sharpest rates […] Read more

South Korea’s September trade surplus exceeds estimates

October 2, 2023 7:39 am
South Korea has recorded a trade surplus of $3.7 billion in September, compared with a deficit of $3.83 billion in the same month of 2022. The preliminary figure also compares with a consensus of estimates of a $1.75 billion surplus. September has been the fourth consecutive month of trade surplus, with imports shrinking at a […] Read more

Halifax to acquire Sodexo’s worldwide home care division

September 30, 2023 2:44 pm
The Halifax Group, a middle market private equity firm, said on Friday it had agreed to acquire the Worldwide Home Care division of Sodexo (“the Company”), including its home care subsidiaries in the US, the UK, Ireland, Brazil, France, Denmark, Norway and Sweden. Yet, the financial details of the acquisition remained undisclosed. Based in Irvine, […] Read more

Euro Area inflation decelerates more than forecast to 2-year low

September 29, 2023 9:34 am
The annual inflation rate in the Euro Area has decelerated to 4.3% in September, preliminary data by Eurostat showed on Friday, from 5.2% in August. It has been the lowest inflation rate since October 2021 and it also came below the market consensus of 4.5%. Prices rose at a slower rate for services (4.7%), non-energy […] Read more