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TotalEnergies buys minority stake in Xlinks First Limited

November 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 more

NZD/JPY scales 103-month peak as RBNZ holds rates, but keeps hawkish bias

November 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 more

Accenture announces acquisition of Ammagamma

November 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 […] Read more

L3Harris to sell commercial aviation solutions business to TJC

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 more

AUD/NZD rebounds from 1-week low ahead of RBNZ rate decision

November 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 more

Leidos secures $32 million defense radar contract

November 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 more

BNP Paribas Cardif acquires majority stake in BCC Vita

November 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 more

USD/ZAR: Rand slightly firmer at start of data-packed week

November 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 more

GBP/USD rises to 12-week high on Fed rate peak conviction

November 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 more

US retail sales on Black Friday surge 2.5% YoY

November 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 more