October 19, 2024 10:47 am
Singapore’s non-oil domestic exports were reported to have increased 2.7% year-on-year in September, while slowing sharply from a 10.7% YoY growth in August. A consensus of analyst estimates had pointed to a much faster increase, by 9.5% YoY. In September, shipments of electronic products rose 4% YoY, which has been a sharp drop from the […]
Read moreOctober 18, 2024 10:08 am
Xerox Holdings Corporation (NASDAQ: XRX) said on Thursday that it had agreed to acquire ITsavvy, an Illinois-based provider of integrated IT products and associated services. The deal valued at $400 million is comprised of a $180 million cash payment and secured promissory notes totaling $220 million. The transaction is expected to be finalized during the […]
Read moreOctober 18, 2024 7:45 am
China’s economy has expanded at the slowest annual rate since Q1 2023 in the third quarter of 2024, the latest data by the National Bureau of Statistics of China showed. China’s GDP grew 4.6% year-on-year in Q3, while slowing from a 4.7% expansion in Q2. Market consensus had pointed to 4.5% YoY growth. Growth has […]
Read moreOctober 17, 2024 8:42 am
The EUR/CHF currency pair traded within a tight range on Thursday after Swiss trade data and as focus sets on the outcome of the European Central Bank’s policy meeting later today. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis points to 3.40% at its October policy […]
Read moreOctober 17, 2024 6:58 am
The EUR/AUD currency pair edged lower on Thursday after Australian employment data and as focus sets on the outcome of the European Central Bank’s policy meeting later today. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis points to 3.40% at its October policy meeting, while its […]
Read moreOctober 16, 2024 9:46 am
Sonoco Products Co (NYSE: SON) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.52 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 10th to shareholders of record as of the close of […]
Read moreOctober 16, 2024 7:09 am
Astronics Corporation (NASDAQ: ATRO) said on Tuesday that it had appointed Nancy L. Hedges as Vice President and Chief Financial Officer, effective January 4th 2025. Nancy Hedges, CPA, became part of Astronics Corp’s team in 2014 as Principal Accounting Officer and Controller. Before Astronics, she was Director of Accounting and External Reporting at Dayco LLC. […]
Read moreOctober 15, 2024 2:15 pm
Germany’s ZEW Indicator of Economic Sentiment was reported at a level of 13.1 in October from 3.6 in September. The latter has been the lowest reading since October 2023. The figure exceeded a consensus of analyst estimates of 10. The latest result was mostly attributed to “expectation of stable inflation rates and the associated prospect […]
Read moreOctober 15, 2024 10:30 am
The USD/CAD currency pair scaled a fresh 10-week peak of 1.3814 on Tuesday ahead of the Canadian CPI report and as expectations that the Federal Reserve will likely reduce interest rates at a more modest pace kept the US Dollar supported. Yesterday Fed Governor Christopher Waller called for “more caution” regarding future interest rate cuts. […]
Read moreOctober 15, 2024 8:47 am
The GBP/USD currency pair continued to trade not far from recent 1-month low of 1.3011, as expectations that the Federal Reserve will likely reduce interest rates gradually after the 50 basis point cut in September kept the US Dollar supported. “The rise in U.S. long-term yields, the consequent re-widening of interest rate differentials in favor […]
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