December 1, 2023 10:14 am
Cameco said on Thursday that it had appointed Catherine Gignac as Chair of its Board of Directors, effective December 1st. Gignac is to succeed Ian Bruce, who passed away on October 15th 2023. Gignac has been a member of Cameco’s Board since 2014. She serves as chair of the nominating, corporate governance and risk committee […]
Read moreDecember 1, 2023 8:29 am
VF Corp (VFC) announced on Thursday that it had dismissed about 500 employees as part of business restructuring effort and global operations improvement. The job reductions occurred across all of the company’s brands, corporate functions and geographies. In October, the Vans owner had come under pressure from investor firms Legion Partners Asset Management and Engaged […]
Read moreNovember 30, 2023 1:42 pm
Canada’s economy shrank 0.3% in the third quarter of the year compared to the preceding three-month period, while marking the first contraction since Q2 of 2021. That followed a revised up 0.3% QoQ expansion in the second quarter. The nation’s GDP was weighed down by a 1.3% slump in the exports of goods and services, […]
Read moreNovember 30, 2023 10:11 am
The annual inflation rate in the Euro Area has decelerated further in November, to 2.4%, while marking its lowest level since July 2021. Market consensus had pointed to a more modest slowdown – to 2.7%. In November, the cost of energy plummeted 11.5% year-on-year, following another 11.2% drop in October. Prices also eased for services […]
Read moreNovember 30, 2023 8:59 am
The South Korean Won eased against the US Dollar on Thursday, as the Bank of Korea (BOK) left its base rate without change at 3.5% at its November policy meeting, in line with market expectations. This way, borrowing costs were kept on hold for the seventh consecutive meeting amid global uncertainties as well as concerns […]
Read moreNovember 30, 2023 7:42 am
Cheniere Energy Inc and Cheniere Energy Partners LP said on Wednesday that Sabine Pass Liquefaction Stage V LLC (“SPL Stage 5”) had entered into a long-term Integrated Production Marketing gas supply agreement with ARC Resources U.S. Corp – a subsidiary of ARC Resources Ltd. Under the agreement, ARC Resources will sell 140,000 MMBtu per day […]
Read moreNovember 29, 2023 12:45 pm
India’s imports of finished steel from China registered a four-year high during the first seven months of the fiscal year that started in April, according to a Reuters report, citing government data. The world’s biggest steel producer, China, was also the top exporter of the alloy to India during the April-October period. It exported 1.1 […]
Read moreNovember 29, 2023 11:07 am
TotalEnergies said on Wednesday that it had acquired a minority stake in Xlinks First Limited, while investing as much as GBP 20 million. TotalEnergies joined investors Octopus Energy and Abu Dhabi National Energy Company. Xlinks intends to develop a huge renewable project in Morocco, which combines solar and wind, to supply green electricity to the […]
Read moreNovember 29, 2023 8:48 am
The NZD/JPY currency pair briefly touched a fresh 103-month high on Wednesday, after the Reserve Bank of New Zealand warned that further policy tightening might be required in case price pressures did not abate. The central bank left its official cash rate without change at 5.5% at its November meeting, in line with market expectations. […]
Read moreNovember 29, 2023 7:44 am
Accenture said on Tuesday that it had agreed to buy Ammagamma, a Modena, Italy-based company that helps businesses advance their uses of AI. The financial details of the agreement, however, were not disclosed. Established in 2013, Ammagamma has a multidisciplinary team of 90 experienced AI professionals, many of whom specialize in generative AI. The firm’s […]
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