April 7, 2024 11:07 am
SolarEdge Technologies Inc (NASDAQ: SEDG), a leader in smart energy technology, said earlier this week it had finalized the acquisition of the entire share capital of Wevo Energy Ltd. Wevo is a startup firm that specializes in EV charging optimization and management for sites with huge quantities of EV chargers (apartment buildings, workplace carparks etc.). […]
Read moreApril 6, 2024 4:56 pm
Lockheed Martin (NYSE: LMT) said on Friday that its Sikorsky unit had secured the sale of 35 UH-60M Black Hawk helicopters to the Government of Greece. ”The latest generation UH-60M Black Hawk will support the Hellenic Ministry of Defense’s ongoing modernization and will serve as a dependable helicopter for vital national and allied security missions,” […]
Read moreApril 6, 2024 1:13 pm
Reliance Inc (NYSE: RS) said earlier this week it had acquired all the outstanding equity interests of Mid-West Materials Inc, a premier flat-rolled steel products provider. The company did not disclose any financial details of the agreement. The current management team will be retained, Reliance said. ”The addition of MidWest Materials increases our flat-rolled presence […]
Read moreApril 6, 2024 11:04 am
Leidos (NYSE: LDOS) has been awarded a $631.174 million hybrid (cost-no-fee, cost-plus-fixed-fee, cost-plus-incentive-fee, firm-fixed-price, fixed-price-incentive) contract for development, integration, acquisition, bridging to logistics and operations. Work locations and funding are to be determined with each order, the US Department of Defense said. Completion is expected on March 31st 2034, it added. Stock Performance The shares […]
Read moreApril 5, 2024 9:11 am
Australia’s trade surplus has shrunk to AUD 7.28 billion in February from a revised down AUD 10.06 billion surplus in January, data by the Australian Bureau of Statistics showed. It has been the nation’s smallest trade surplus since September 2023. In comparison, market consensus had pointed to a surplus of AUD 10.4 billion. Total exports […]
Read moreApril 5, 2024 7:27 am
The Reserve Bank of India left its key repo rate at 6.5% for the seventh straight policy meeting in April, in line with market expectations. The RBI decision came amid persistent price pressures. India’s annual inflation rate was reported at 5.09% in February, little changed from January’s level, while remaining within the central bank’s 2%-6% […]
Read moreApril 4, 2024 9:06 am
Euro Area’s private sector has returned to growth for the first time since May 2023 in March. The HCOB Eurozone Composite Purchasing Managers’ Index was revised up to 50.3 last month from a preliminary reading of 49.9 and improving from February’s level of 49.2. The bloc’s manufacturing sector activity still remained in contraction territory, with […]
Read moreApril 4, 2024 7:14 am
Annual consumer inflation in Switzerland has eased further in March, to 1% from 1.2% in February, data by the Swiss Federal Statistical Office showed. The actual figure confounded market expectations of an increase to 1.3%. March’s CPI inflation rate has been the lowest since September 2021. The prices of food and non-alcoholic beverages dropped 0.4% […]
Read moreApril 3, 2024 12:29 pm
Employers in the US private sector hired 184,000 workers in March, data by Automatic Data Processing showed. It has been the largest increase in hiring since July 2023 and followed a revised up employment growth of 155,000 in February. In comparison, market consensus had pointed to private payrolls growth of 148,000. Employment in US services […]
Read moreApril 3, 2024 9:18 am
Euro Area’s annual consumer inflation slowed to 2.4% in March, while matching November’s 28-month low, from 2.6% in February, the preliminary data by Eurostat showed. Market consensus had pointed to CPI inflation rate of 2.6%. Last month, energy prices registered a 1.8% YoY decline, compared with a 3.7% drop in February. Meanwhile, price increases moderated […]
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