April 23, 2024 9:32 am
Euro Area’s manufacturing sector activity continued to shrink in April, data by S&P Global showed. The HCOB Eurozone Manufacturing PMI dropped to 45.6 in April, a preliminary estimate showed, from 46.1 in March. April’s PMI reading has been the lowest since December 2023. In comparison, market consensus had pointed to an improvement to 46.5. Still, […]
Read moreApril 23, 2024 7:52 am
KBR Inc (NYSE: KBR), a global technology licensor, said on Monday that it had secured a contract by SABIC Fujian Petrochemicals to license KBR’s phenol technology in China. Under the terms of the agreement, KBR is to provide technology licensing and proprietary engineering design for a 250 KTA phenol facility at SABIC’s Fujian Petrochemical Complex. […]
Read moreApril 22, 2024 1:41 pm
Prices of new homes in Canada have remained unchanged in March over February, after rising 0.1% in the previous month, the latest data by Statistics Canada showed. In comparison, market consensus had pointed to a 0.1% monthly increase. Home prices remained flat in 12 out of the 27 census metropolitan areas surveyed, increased in 9 […]
Read moreApril 22, 2024 9:33 am
Newmont Corporation (NYSE: NEM) said that it had appointed Francois Hardy as its next Chief Technology Officer, effective May 1st. Hardy will take over from interim CTO, Dean Gehring, who also assumed a dual role of Chief Integration Officer. Hardy has over three decades of technical and operational experience in mining. He joined Newmont in […]
Read moreApril 22, 2024 7:35 am
Spot Silver retreated more than 3% on Monday, as fears of a wider conflict in the Middle East eased, while trimming demand for safe haven assets. Iran has downplayed Israel’s retaliatory drone strike against the Islamic state – a move meant to avert conflict escalation in the region. The yield on 10-year US Treasury Notes […]
Read moreApril 21, 2024 3:06 pm
Producer prices in Germany registered the smallest year-on-year drop since July 2023 in March, the latest data by the Federal Statistical Office showed. Prices went down 2.9% year-on-year in March, after a 4.1% slump in the prior month. March has been the ninth straight month of producer deflation, as prices of natural gas plummeted 15.4% […]
Read moreApril 21, 2024 11:15 am
Manufacturing activity in Philadelphia in April has been the strongest since April 2022, the latest data showed. The Philadelphia Fed Manufacturing Index was reported at a reading of 15.5 in April, up from 3.2 in March. The latest figure was well above a consensus of analyst estimates of 1.5. The April reading has been the […]
Read moreApril 20, 2024 12:35 pm
Spain’s trade gap in February has been the smallest since March 2023, the latest data showed. The nation’s trade balance shortfall was reported at EUR 2.4 billion in February, compared to a deficit of EUR 2.5 billion in the same month of 2023. The country records consistent trade deficits because of high imports of fuel […]
Read moreApril 19, 2024 11:11 am
Retail sales in the United Kingdom surprisingly registered zero growth in March over February after a 0.1% increase in the prior month, data by the Office for National Statistics showed. In comparison, market consensus had pointed to a 0.3% growth. In March, sales of automotive fuel went up 3.2%, while those at non-food stores rose […]
Read moreApril 19, 2024 8:47 am
Phoenix Motor Inc (NASDAQ: PEV), a manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, said this week it had appointed Michael Yung as its next Chief Financial Officer, effective April 17th. Prior to joining Phoenix Motor, Yung was the CFO at PingTan Marine Enterprise Ltd. Before that, he served as Managing […]
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