January 3, 2024 8:44 am
The world’s top oil exporter, Saudi Arabia, may cut price premiums on all crude grades it sells to Asian nations to lowest in a year in February, despite escalating tensions in the Red Sea. According to a report by Reuters, citing knowledgeable sources, the official selling price for Saudi Arabia’s flagship Arab Light crude over […]
Read moreJanuary 3, 2024 8:09 am
Biotech royalty aggregator XOMA Corporation said on Tuesday that its Board of Directors had authorized XOMA’s first stock repurchase program, under which the company will be able to buy back up to $50 million of its own common stock through January 2027. Under the repurchase program, XOMA’s management will discretely determine the conditions under which […]
Read moreJanuary 2, 2024 2:33 pm
Kodiak Robotics Inc, an autonomous vehicle company with a focus on trucking and defense, and Ambarella Inc said on Tuesday that Kodiak had selected Ambarella’s CV3-AD685 AI domain control system-on-chip (SoC) as a complete embedded compute solution for its next-gen autonomous vehicles. The SoC will benefit Kodiak’s multi-sensor perception, fusion and path planning-running neural networks, […]
Read moreJanuary 2, 2024 11:21 am
Chinese smart electric vehicle maker XPeng Inc said on Monday that it had delivered 20,115 Smart EVs in December. The figure marked a new record for monthly deliveries and also represented a 78% surge over December 2022. For the entire fourth quarter, XPeng Inc’s total vehicle deliveries rose to 60,158, thus, surpassing the mark of […]
Read moreJanuary 2, 2024 9:25 am
Euro Area’s Manufacturing Purchasing Managers’ Index (PMI) was reported at a final 44.4 in December, slightly exceeding the preliminary reading of 44.2. Still, the index continued to be in contraction territory, as output and job losses persisted for a seventh straight month. On a more positive note, decreases in new orders and purchasing activity eased […]
Read moreJanuary 2, 2024 8:29 am
Singapore’s economy has expanded at an annual rate of 2.8% in the fourth quarter of 2023, preliminary data by Statistics Singapore showed. The figure marked the 12th consecutive quarter of positive economic growth and also the strongest rate of GDP expansion since Q3 2022. The data added to signs that Singapore’s recovery was gaining traction. […]
Read moreDecember 30, 2023 12:31 pm
Cleantek Industries Inc said this week it had entered into a new long-term debt financing facilities arrangement. The new long-term facilities include a $7,200,000 term loan with Business Development Bank of Canada and an operating line of up to $2,500,000 with HSBC Canada. The term loan will need to be repaid over a period of […]
Read moreDecember 30, 2023 11:07 am
Newmark Group Inc, a commercial real estate adviser and service provider to institutional investors, global corporations and other owners and occupiers, said that it had arranged the sale of Aon Center, a 62-storey trophy Class A office tower situated in the Financial District in Downtown Los Angeles. The property was sold to Carolwood Equities for […]
Read moreDecember 29, 2023 10:51 am
Navico Group, a division of Brunswick Corporation and a leading supplier of integrated systems and products for the marine and RV segments, announced a multimillion-dollar investment in its Lowell facility to establish two Centers of Excellence in metal fabrication and electrification. The metal fabrication Center of Excellence will be equipped with the newest laser and […]
Read moreDecember 29, 2023 7:56 am
Annual consumer price inflation in South Korea has decelerated to 3.2% in December from 3.3% in November, data by Statistics Korea showed. It has been the lowest CPI inflation reading since June, mostly due to a slowdown in the cost of food. In comparison, market consensus had pointed to a slowdown to 3.26%. In month-over-month […]
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