February 8, 2024 10:11 am
Futures on US West Texas Intermediate Crude Oil rose for a fourth straight trading day on Thursday, as Israel rejected a ceasefire offer from Hamas, while US gasoline stocks decreased last week. Israel’s Prime Minister Benjamin Netanyahu has rejected Hamas’ most recent offer for a ceasefire and return of hostages held in the Gaza Strip. […]
Read moreFebruary 8, 2024 8:10 am
The USD/INR currency pair steadied after recording an intraday low of 82.8950 on Thursday, as the Reserve Bank of India kept its benchmark repo rate unchanged at 6.5% for the sixth straight policy meeting in February, as largely expected. The policy decision came after India’s annual inflation picked up to a four-month high of 5.69% […]
Read moreFebruary 7, 2024 10:11 am
The AUD/SEK currency pair pulled back from a one-week peak it scaled on Tuesday, after the Reserve Bank of Australia warned further policy tightening could not be ruled out since inflation was still elevated. The Australian central bank left its cash rate without change at 4.35% at its February meeting, as largely expected. Tuesday’s decision […]
Read moreFebruary 7, 2024 8:23 am
Spot Silver fell on Wednesday, erasing gains from the prior trading day while hovering above a two-week low ahead of speeches by Federal Reserve officials throughout the week that could provide further clues on the timing of potential interest rate cuts. Yesterday Fed representatives said that if the economy performed in line with expectations, this […]
Read moreFebruary 6, 2024 2:07 pm
DNOW Inc said on Tuesday that it had entered into an agreement to acquire Whitco Supply LLC in an all-cash deal. Established in 2003 by the Dawes family and based in Broussard, LA, Whitco Supply LLC provides energy products and solutions to the midstream market as well as to the broader energy sectors. The transaction […]
Read moreFebruary 6, 2024 8:54 am
The EUR/SEK currency pair traded little changed in proximity to recent 2-week peak on Tuesday, after Sweden’s Riksbank indicated last week interest rates might be cut sooner than previously expected. Riksbank kept its key policy rate intact at 4.0% at its February meeting, in line with market expectations. The central bank reiterated that past rate […]
Read moreFebruary 6, 2024 7:43 am
The EUR/AUD currency pair weakened on Tuesday, after the Reserve Bank of Australia warned further policy tightening could not be ruled out, since inflation was still elevated and cost of services was not decreasing quickly enough. The central bank left its cash rate without change at 4.35% at its February meeting, as largely expected. Tuesday’s […]
Read moreFebruary 5, 2024 11:12 am
Haynes International Inc, a developer, manufacturer and marketer of technologically advanced high-performance alloys, said on Monday that it had entered into a definitive agreement to be purchased by North American Stainless, a wholly owned subsidiary of Acerinox, in an all-cash deal. Haynes International’s estimated enterprise value stands at nearly $970 million, or a multiple of […]
Read moreFebruary 4, 2024 1:15 pm
According to a Reuters report, citing unnamed sources with knowledge of the matter, Societe Generale is about to slash some 900 jobs in France this year in a cost-cutting effort. The cuts will mostly affect IT and other support functions at the banking group’s headquarters in La Defense business district in Paris. The job cuts […]
Read moreFebruary 3, 2024 4:40 pm
Sweetgreen Inc (SG) said on Friday that it had appointed Rossann Williams as its next Chief Operating Officer, effective February 5th. As COO, she will oversee Operations, Real Estate & Development and Supply Chain, Sweetgreen said. Before joining Sweetgreen, Williams worked more than 18 years at Starbucks, where she advanced to Executive Vice President and […]
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