November 24, 2023 9:56 am
Germany’s economy shrank marginally by 0.1% in the third quarter of the year compared to Q2, the Federal Statistical Office said on Friday. The figure confirmed a preliminary GDP estimate released in late October. It also reversed a 0.1% growth registered in Q2. Private consumer spending dropped 0.3% quarter-on-quarter in Q3, following a 0.2% growth […]
Read moreNovember 24, 2023 9:04 am
Plaza Retail REIT said on Thursday that it had appointed Jason Parravano as its next Chief Operating Officer, effective January 8th 2024. Previously, Parravano served as Chief Financial Officer of the asset management business of the Walter Group. Before that, he spent 8 years at Canadian Net Real Estate Investment Trust, where he served as […]
Read moreNovember 23, 2023 3:26 pm
New Mountain Finance Corporation, part of New Mountain Capital, said that it had appointed Kris Corbett as its next Chief Financial Officer, effective November 27th. Corbett joins New Mountain from Blackstone Credit, where he was Senior Vice President, Controller and Treasurer of both the Blackstone Private Credit Fund and the Blackstone Secured Lending Fund. Before […]
Read moreNovember 23, 2023 11:51 am
Ericsson said on Thursday that it had successfully placed a green bond of EUR 500 million with a maturity of 4.5 years. The placement was conducted under Ericsson’s Euro Medium Term Note Program. The transaction extends Ericsson’s footprint in the Eurobond market, while the proceeds will be exclusively allocated to investments in energy efficiency, the […]
Read moreNovember 23, 2023 8:20 am
Spot Gold edged higher on Thursday, while holding not far from recent three-week high, as the yellow metal drew support from US Dollar softness and a drop in US bond yields. “The anticipation of this effective pivot towards interest rate hike cycle peak is translating to ongoing softness in the U.S. dollar and the longer-dated […]
Read moreNovember 22, 2023 3:42 pm
Mitsubishi Heavy Industries (7011) announced on Wednesday that it forecast a twofold increase in its defense revenue to nearly JPY 1 trillion from the business year that begins in April 2024. The increase is expected to be generated in part with the expansion of facilities to build missiles and develop next-generation fighter jets. The Japanese […]
Read moreNovember 22, 2023 11:08 am
Singapore’s economy has expanded at a final annual rate of 1.1% in the third quarter of 2023, Statistics Singapore reported. The figure represents an upward revision from a preliminary GDP growth estimate of 0.7%. It also marked the 11th consecutive quarter of GDP expansion and the sharpest growth rate since the final quarter of 2022. […]
Read moreNovember 22, 2023 9:22 am
AUD/USD pulled back from a fresh 3 1/2-month high on Wednesday, with the greenback’s sell-off easing, after the minutes of the Federal Reserve’s most recent meeting did little to sway investors’ opinion that its policy tightening cycle has likely ended. The minutes showed the Fed would proceed “carefully” and that “all participants judged it appropriate […]
Read moreNovember 22, 2023 7:56 am
CytoDyn Inc said on Tuesday that it had appointed Dr. Jacob Lalezari as Interim Chief Executive Officer, effective November 17th. Dr. Lalezari will head the company’s corporate and product development, with a focus on short-term clinical development and associated fundraising. Previously, Dr. Lalezari was Interim Chief Medical Officer of CytoDyn in 2020 and has been […]
Read moreNovember 21, 2023 12:42 pm
According to the head of the International Energy Agency’s oil markets and industry division, the global oil market is set to register a slight supply surplus next year, even if OPEC+ members extend their output cuts into 2024. However, at present, the global market is in a deficit. “Global oil stocks are at low levels, […]
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