January 31, 2024 8:23 am
Australia’s annual inflation rate was reported at 4.1% in the final quarter of 2023, while slowing from 5.4% in Q3. It has been the lowest inflation reading since the fourth quarter of 2021. In comparison, market consensus had pointed to a lesser drop – to 4.3%. Australia’s goods inflation decelerated for the fifth successive quarter, […]
Read moreJanuary 30, 2024 1:58 pm
Affluence Corporation, a leading company in Smart City Software and Internet of Things technology, said on Tuesday that it intended to acquire Durham Black LLC – a strategic advisory firm with a focus on several fundamental areas such as capital structure, growth execution and operational excellence. After the acquisition closes, Affluence will appoint Durham Black […]
Read moreJanuary 30, 2024 10:16 am
The Euro Area’s economy unexpectedly registered zero growth in the final quarter of 2023, a preliminary estimate showed, following a 0.1% contraction in the third quarter. In comparison, market consensus had pointed to a 0.1% GDP decrease. The bloc has avoided a recession, as Spain and Italy reported stronger-than-expected quarterly GDP growth – 0.6% and […]
Read moreJanuary 30, 2024 9:15 am
Germany’s economy shrank 0.3% QoQ in the fourth quarter of 2023, preliminary data by the Federal Statistical Office showed on Tuesday. It followed two consecutive quarters of stagnation. The latest figure came in line with market consensus. The EU’s largest economy grappled with the impact of surging prices and elevated interest rates, which particularly affected […]
Read moreJanuary 29, 2024 10:00 am
According to a report by Reuters, citing sources, Lockheed Martin plans to cut 1% of its workforce over the course of 2024, as it seeks to reduce costs and streamline operations. According to the report, the cuts will affect positions across all of Lockheed Martin’s business and enterprise operations. The cost-cutting actions will include hiring […]
Read moreJanuary 29, 2024 8:26 am
Spot Gold surged on Monday, underpinned as a safe haven by mounting worries over situation in the Middle East. Geopolitical risks heightened after 3 US service members were reportedly killed in an unmanned aerial drone strike on US forces located in northeastern Jordan. Risk aversion was also bolstered after a court order to liquidate property […]
Read moreJanuary 28, 2024 12:48 pm
Northrim BanCorp Inc said this week its Board of Directors had authorized the repurchase of up to additional 110,000 shares of its common stock – about 2% of the company’s issued and outstanding shares. At present, Northrim BanCorp has 5.5 million shares of common stock outstanding. “Northrim’s stock repurchase program has helped to build long-term […]
Read moreJanuary 28, 2024 11:02 am
RiceBran Technologies said this week it had sold its Golden Ridge rice mill situated in Wynne, Arkansas, in a deal valued at $2.15 million. The divestiture is expected to further narrow the company’s forecast annual net loss by nearly $1.5 million, while not jeopardizing the estimated $54.4 million in federal and $46 million in state […]
Read moreJanuary 27, 2024 12:10 pm
Alternus Clean Energy said this week it had entered a strategic alliance with Dallas-based Hover Energy – a leader in the development and deployment of Wind Powered Microgrid systems. The two companies intend to differentiate their value proposition to clientele by offering consistent delivery of dependable clean 24×7 power. With the establishment of microgrids that […]
Read moreJanuary 27, 2024 8:56 am
Covalon Technologies Ltd, an advanced medical technologies company, said on Friday that it had appointed Katie Martinovich, its Vice President – Finance, as Interim Chief Financial Officer. Martinovich is to succeed Jason Gorel, who will step down from the role in February to pursue other opportunities. Meanwhile, Kim Crooks has rejoined the company as Senior […]
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