December 6, 2023 8:29 am
Having taken a hit after the Reserve Bank of Australia’s latest policy decision on Tuesday, the Australian Dollar recouped part of the losses on Wednesday, with the AUD/JPY pair advancing almost 0.5%. Meanwhile, market players wagered interest rates would be heading lower in 2024. The chances of another RBA rate hike are now seen at […]
Read moreDecember 5, 2023 12:24 pm
ASSA ABLOY said on Tuesday that it had acquired Leone Fence, an Ontario, Canada-based manufacturer, distributor and installer of fencing products for commercial and residential applications. Established in 1975, Leone Fence currently employs about 60 people. The Canadian company’s revenue for the full year 2022 stood at around CAD 39 million (nearly SEK 300 million) […]
Read moreDecember 5, 2023 9:40 am
Private sector activity in the Euro Area registered another notable contraction in November, but still, the pace was slower than initially estimated. Euro Area’s Composite Purchasing Managers’ Index (PMI) was reported at a final 47.6 in November, up from a preliminary estimate of 47.1 and improving from October’s near three-year low of 46.5. New business […]
Read moreDecember 5, 2023 8:15 am
The AUD/CAD currency pair extended the losses from the previous trading day on Tuesday, while touching a fresh two-week low, after the Reserve Bank of Australia left its cash rate without change at 4.35% at its December meeting. The decision came in line with investor expectations and followed a 25 basis point rate hike in […]
Read moreDecember 4, 2023 11:43 am
Having risen to a fresh all-time high of nearly $2,150 during Monday’s Asian session on rising expectations that the Federal Reserve could begin cutting interest rates next year, Spot Gold eased a bit, but continued holding above the $2,000 mark. Market players added to bets that a rate cut could come in the months ahead, […]
Read moreDecember 4, 2023 9:55 am
Arms manufacturer Rheinmetall AG intends to construct its first armored vehicles in Ukraine next year, the German company’s Chief Executive Officer Armin Papperger told the WirtschaftsWoche magazine. According to the CEO, a deal with Ukraine on the production of Fuchs armored transport vehicles and Lynx infantry fighting vehicles may be inked by early 2024. “After […]
Read moreDecember 4, 2023 8:42 am
The South African Rand weakened against the US Dollar at the start of a macro data-packed week. The South African currency gained more than 1.2% last Friday, as cautious remarks delivered by Federal Reserve Chair Jerome Powell dented the US Dollar. Powell noted it was clear that the Fed’s monetary policy was slowing the economy […]
Read moreDecember 3, 2023 2:57 pm
Provident Financial Holdings Inc, the holding company of Provident Savings Bank F.S.B., said on Friday that it had appointed Tam Nguyen as its next Senior Vice President, Chief Financial Officer and Corporate Secretary, effective January 2nd 2024. Nguyen is to succeed Donavon Ternes, who will assume the roles of President and Chief Executive Officer on […]
Read moreDecember 2, 2023 2:38 pm
Presto Automation, an enterprise-grade AI and automation solutions provider, said on Friday that it had appointed Kat Hoffman-Flynt as Chief Operating Officer with immediate effect. Hoffman-Flynt has more than 20 years of experience as an operational strategist. Hoffman-Flynt became part of Presto’s team in 2019, assuming the role of Senior Director of Strategic Projects. Before […]
Read moreDecember 2, 2023 12:27 pm
So-Young International Inc, the largest social community in China for consumers, professionals and service providers in the medical aesthetics industry, said on Friday that it had entered into a strategic partnership with Healtech to jointly develop two regenerative medical aesthetic products and further expand its supply chain business. Under the tie-up, So-Young and Healtech will […]
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