July 15, 2024 7:53 am
The US Dollar was broadly stronger against major peers on Monday, as bets on a victory by Donald Trump in the coming US elections increased following an assassination attempt against the former US President. The USD/CHF currency pair was last up 0.10% on the day to trade at 0.8954. The major Forex pair had earlier […]
Read moreJuly 12, 2024 1:27 pm
Wholesale prices in Germany have decreased at an annualized rate of 0.6% in June, data by the Federal Statistical Office showed. The latter has been a slowdown from a 0.7% drop in May. June marked the 14th consecutive month of decreasing producer prices, but the pace has been the softest in the sequence. Last month, […]
Read moreJuly 12, 2024 8:05 am
T. Rowe Price Group Inc (NASDAQ: TROW) on Thursday reported a 1.75% month-over-month surge in its assets under management (AUM) to $1.569 trillion as of June 30th, according to preliminary figures. Net outflows stood at $2.6 billion for June alone and at $3.7 billion for the quarter ended on June 30th, the firm said. Equity […]
Read moreJuly 11, 2024 10:47 am
Gold production in South Africa was reported to have contracted 9% year-on-year in May, or at a much faster rate compared to the prior month (-1.7% YoY). May has been the seventh straight month of output decline, while the pace has been the sharpest since January. That performance contributed negatively to the volume of mining […]
Read moreJuly 11, 2024 8:04 am
The South Korean Won was a notch firmer against the US Dollar on Thursday, after the Bank of Korea left its base rate without change at a 15-year high of 3.5% at its July policy meeting. This way, borrowing costs were kept on hold for the twelfth consecutive meeting, as policy makers required more time […]
Read moreJuly 10, 2024 10:36 am
The Norwegian Krone weakened more than 1% against the Euro on Wednesday, after data showed Norway’s CPI inflation rate had eased to its lowest since December 2020 in June. Norway’s annual consumer price inflation has decelerated to 2.6% in June from 3% in May, the latest data by Statistics Norway showed. In June, inflation slowed […]
Read moreJuly 10, 2024 9:32 am
Accenture PLC (NYSE: ACN) said this week it had acquired Excelmax Technologies, a Bangalore, India-based semiconductor design services provider. Yet, no financial details of the agreement were disclosed. Established in 2019, Excelmax offers custom silicon solutions used in consumer devices, data centers, artificial intelligence and computational platforms that enable edge AI deployments, to customers operating […]
Read moreJuly 9, 2024 1:51 pm
Machine tool orders in Japan have increased at a much faster rate in June compared to the previous month, data by the Japan Machine Tool Builders’ Association showed. Orders rose 9.7% year-on-year to JPY 133,817 million in June, following a 4.2% growth in May. June’s performance was mostly driven by a 14.6% surge in foreign […]
Read moreJuly 9, 2024 10:42 am
QuickLogic Corporation (NASDAQ: QUIK) said on Monday that it had secured a $5.26 million contract to continue the development and demonstration of a Strategic Radiation Hardened high reliability Field Programmable Gate Array technology in support of identified and future Department of Defense strategic and space system requirements. “QuickLogic is honored to have been chosen by […]
Read moreJuly 9, 2024 8:46 am
Charles Schwab Corp (NYSE: SCHW) has been upgraded to “Outperform” from “Market Perform” at Keefe, Bruyette & Woods, as the firm cited potentially strong earnings growth during the period between 2026 and 2030. KBW noted that progress had been made on repayment of supplemental borrowings and cash sorting had decelerated materially. “With greater confidence in […]
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