July 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 […]
Read moreJuly 9, 2024 6:45 am
Consumer inflation expectations in the US for the upcoming 12 months have decreased for a second straight month in June, to 3% from 3.2% in May, the latest data by the Federal Reserve Bank of New York showed. US consumers now expect a lesser increase in prices for: – gas – down 0.5 percentage point […]
Read moreJuly 8, 2024 11:09 am
Foreign exchange reserves in Singapore have risen to a new more than two-year high in June, the latest data by the Monetary Authority of Singapore showed. Foreign exchange reserves grew to SGD 503.71 billion in June from SGD 500.86 billion in May. It has been the highest level of Forex reserves since April 2022. The […]
Read moreJuly 8, 2024 8:45 am
The total value of new home loans for owner-occupied homes in Australia unexpectedly shrank in May, by 2% month-over-month to AUD 18.13 billion, following a revised up 4.5% increase in April. In comparison, market consensus had pointed to a 2% growth in new home loans. In May, construction of dwellings contracted 0.7% after a 6% […]
Read moreJuly 8, 2024 7:22 am
Spot Silver retreated on Monday, but remained not far from last Friday’s one-month high of $31.49 per troy ounce, as soft US data reinforced prospects of an interest rate cut by the Federal Reserve later this year. Data showed last Friday that the unemployment rate in the United States had risen to 4.1% in June, […]
Read more
