March 6, 2025 7:23 am
Key moments EUR/CHF trades near highs last seen on July 24th 2024 ECB expected to deliver another 25 basis point cut to benchmark rates Swiss jobless rate down to 2.9% in February The EUR/CHF currency pair was holding near a fresh 32-week high of 0.9635 on Thursday, as investors braced for the outcome of the […]
Read moreFebruary 26, 2025 12:22 pm
The USD/NOK currency pair firmed on Wednesday, while reversing a loss from the prior trading day, ahead of key US macro data releases. Market players awaited the second estimate of US GDP growth for Q4 on Thursday and the PCE inflation figures on Friday for more guidance on the Fed’s monetary easing trajectory. Yesterday the […]
Read moreFebruary 26, 2025 10:07 am
The USD/SEK currency pair rebounded from a fresh four-month low of 10.5641 on Wednesday, recouping part of the losses from the prior trading day, ahead of crucial US macro data releases. Market players awaited the second estimate of US GDP growth for Q4 on Thursday and the PCE inflation figures on Friday for more guidance […]
Read moreFebruary 26, 2025 8:06 am
Having touched a one-week low on Tuesday, Spot Gold bounced back above the $2,900 mark on Wednesday, as uncertainty surrounding US President Trump’s tariff policies continued to underpin safe haven demand. Trump on Tuesday ordered a probe into potential new tariffs on copper imports in an attempt to rebuild US production of the metal. Concerns […]
Read moreFebruary 25, 2025 1:39 pm
OSI Systems Inc (NASDAQ: OSIS) said on Monday that its Security division had been awarded an international order valued at nearly $32 million to provide radio frequency-based critical systems that are designed for long-range secure communications. ”We are pleased with this award and look forward to collaborating with this customer and supporting the upgrade of […]
Read moreFebruary 25, 2025 11:16 am
Fresh Del Monte Produce Inc (NYSE: FDP) said on Monday that its Board of Directors had authorized a $150 million share buyback program, reinforcing its balanced capital allocation strategy. “This repurchase authorization is part of our broader capital allocation framework, which prioritizes investing in strategic growth opportunities, maintaining a strong balance sheet, and returning capital […]
Read moreFebruary 25, 2025 9:03 am
National Grid (NYSE: NGG) said on Monday that it had agreed to sell its US onshore renewables business to Canadian investment firm Brookfield Asset Management in a deal valued at $1.74 billion including debt. The deal is expected to be completed in the first half of the financial year to March 31st 2026, National Grid […]
Read moreFebruary 25, 2025 7:35 am
The shares of Nike Inc (NYSE: NKE) rose almost 5% on Monday, after Jefferies upgraded the stock to “Buy” from “Hold”, as it cited a strong margin and earnings recovery opportunity. The Jefferies team forecasts fiscal 2027 earnings of $3.50 per share. ”Nike’s brand ubiquity and global distribution advantage should allow it to outgrow the […]
Read moreFebruary 24, 2025 10:02 am
BMW Group said over the weekend that it would review its timeline for manufacturing all-electric Mini vehicles in Britain. In 2023, the auto maker had said it planned to invest 600 million pounds in the UK in order to make its Mini brand fully-electric by 2030 – with production slated to begin in Oxford in […]
Read moreFebruary 24, 2025 7:53 am
According to a report by Reuters, citing a Boeing Co memo, the company’s chief aerospace safety officer, Mike Delaney, is poised to retire later this year. Delaney has spent almost 40 years at Boeing. In 2021, he was appointed to oversee the plane maker’s safety practices. “His contributions over the decades have advanced our global […]
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