November 28, 2023 10:55 am
L3Harris Technologies Inc (LHX) said on Monday that it would sell its commercial aviation solutions business to private equity company TJC L.P. in a deal estimated at $800 million. The transaction is expected to be completed in the first half of 2024. The agreement includes a $700 million cash purchase price and a $100 million […]
Read moreNovember 28, 2023 8:53 am
The AUD/NZD currency pair extended a rebound from recent one-week trough on Tuesday ahead of a policy decision by the Reserve Bank of New Zealand. The RBNZ is largely expected to keep interest rates on hold at 5.5% at its policy meeting tomorrow in light of softer inflation and employment. Still, investor focus will likely […]
Read moreNovember 28, 2023 7:50 am
Leidos, a science and technology company, said that it had secured a new $32 million contract by the Marine Corps System Command through the Consortium Management Group. The contract for defense radar systems development calls for 4 Medium Range Air Defense Radar prototype systems within a two-year span, the firm said. “This win represents a […]
Read moreNovember 27, 2023 12:12 pm
BNP Paribas Cardif has acquired a majority stake in the insurance arm of BCC ICCREA, the unit of French lender BNP Paribas SA said on Monday. Under the agreement, BNP Paribas Cardif will acquire 51% of BCC Vita, ICCREA’s insurance arm, with the option to buy an additional 19%. The deal is to allow BNP […]
Read moreNovember 27, 2023 10:10 am
The South African Rand was a notch firmer against the US Dollar at the start of a data-laden week, as investor focus sets on future policy rates. The week “starts slow but ends with some top-tier events,” Rand Merchant Bank analysts wrote in a note. Among macro data releases, the most anticipated will be inflation […]
Read moreNovember 27, 2023 8:47 am
The GBP/USD currency pair scaled a fresh 12-week peak on Monday, as market players awaited a host of macro data in the week ahead, including the Federal Reserve’s preferred measure of inflation, for further clues on future interest rate trajectory. The Sterling extended last week’s 1.1% gain against the greenback after data showed British businesses […]
Read moreNovember 26, 2023 3:27 pm
According to data by Mastercard Spendingpulse, released over the weekend, Black Friday retail sales in the United States went up 2.5% year-on-year. That figure excluded automotive sales and was not adjusted for inflation. Black Friday e-commerce sales surged 8.5% year-on-year and in-store sales rose 1.1% from a year ago. In September, Mastercard Spendingpulse had said […]
Read moreNovember 26, 2023 12:37 pm
NextSource Materials Inc said on Friday that it had appointed Johnny Velloza as Interim Chief Operating Officer, as Robin Borley has resigned from the post. Velloza has vast technical and operating experience in the mining industry that spans three decades. Previously, Velloza served as Deputy CEO and COO of Gem Diamonds and as Chief Executive […]
Read moreNovember 26, 2023 10:40 am
According to a report by Reuters, citing a source with knowledge of the situation, as many as 2,500 jobs are put at risk at Lloyds as part of a shake-up amid renewed cost-cutting efforts. Britain’s largest high street bank is set to initiate a consultation with personnel in a number of roles, including analysts and […]
Read moreNovember 24, 2023 1:51 pm
Retail sales in Canada rose 0.6% from the prior month in September, as the figure has been revised sharply higher from the preliminary estimate of a stall, Statistics Canada said on Friday. That also compares with a 0.1% drop in August and with a consensus of estimates pointing to zero growth. In September, retail turnover […]
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