January 9, 2024 10:16 am
The seasonally-adjusted unemployment rate in the Euro Area was reported to have decreased to 6.4% in November from 6.5% in October. The latest figure matched the all-time low from June 2023. The number of unemployed persons dropped by 99,000 from the October level to 10.970 million, data by Eurostat showed on Tuesday. The youth unemployment […]
Read moreJanuary 9, 2024 9:05 am
Barclays said on Monday that it had reduced its workforce by about 5,000 in 2023 as part of a major cost-cutting initiative it had announced last year. Most of those cuts were in Barclays Execution Services, the lender’s support unit. “Barclays removed approximately 5,000 headcount globally through 2023 as part of its ongoing efficiency programme […]
Read moreJanuary 9, 2024 8:18 am
Trinity Capital Inc, a provider of diversified financial solutions to growth-stage businesses, said on Monday that it had funded a record $641.8 million of investments for the entire 2023. The company also said it had originated $340.7 million of total new commitments in the fourth quarter of 2023. This brought total new commitments for the […]
Read moreJanuary 8, 2024 12:10 pm
General Dynamics Corp said on Friday that it had appointed Kim Kuryea as its next Chief Financial Officer, effective February 15th. Currently, Kuryea serves as senior vice president of human resources and administration at the company. “Kim is a seasoned finance executive with over 20 years of varied financial experience with the company including CFO […]
Read moreJanuary 8, 2024 10:19 am
Retail sales in the Euro Area dropped at a monthly rate of 0.3% in November, in line with market consensus. It has been the steepest decrease in retail volume since August. The data followed a revised up 0.4% increase in October. Sales of food, beverages and tobacco dropped 0.1% month-over-month in November, a second straight […]
Read moreJanuary 8, 2024 8:52 am
Spot Gold retreated on Monday, set to extend the 0.84% loss from the previous week, ahead of the key US CPI inflation report on Thursday that could affect Federal Reserve’s rate outlook. The yellow metal came under pressure last week, as investors pared expectations of sizable and early interest rate cuts by the Fed this […]
Read moreJanuary 7, 2024 3:25 pm
Newmark Group Inc on Friday announced the pricing of an offering of $600 million aggregate principal amount of senior notes. The notes will be general senior unsecured obligations of the company and will pay interest semi-annually at a rate of 7.50% per year – on each January 12th and July 12th – and will mature […]
Read moreJanuary 6, 2024 3:03 pm
Apollo Silver Corp said on Friday that its Board of Directors had accepted a notice of retirement from Tom Peregoodoff, currently President and Chief Executive Officer. The effective date of Peregoodoff’s retirement as an executive is June 30th 2024. A succession process has been initiated, Apollo Silver said. “Tom has played a critical role in […]
Read moreJanuary 6, 2024 2:01 pm
The China State Administration for Market Regulation said on Friday that Tesla Inc would recall 1.62 million vehicles in China. The vehicles can be remotely upgraded by the US auto maker, the market regulator said. Tesla will release an over-the-air software update that will affect 1.61 million vehicles. The latter include imported Model S and […]
Read moreJanuary 5, 2024 2:56 pm
Touchstone Bankshares Inc and its wholly owned subsidiary Touchstone Bank said on Friday that Adam Sothen had been appointed as Executive Vice President and Chief Financial Officer. Sothen has 25 years of experience within the financial and banking industry. Most recently, he served as Executive Vice President and Chief Financial Officer at a $1.5 billion […]
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