October 31, 2023 8:15 am
The GBP/JPY currency pair surged over 0.5% on Tuesday, after the Bank of Japan took a small step towards discontinuing the years-long substantial monetary stimulus. The move came well short of expectations of some market players who had anticipated a larger policy tweak. The BoJ left its benchmark short-term interest rate without change at -0.10% […]
Read moreOctober 30, 2023 2:37 pm
Ontario-based Canadian Solar Inc said on Monday that it planned to establish a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana. The state-of-the-art solar photovoltaic cell manufacturing plant represents a projected investment of over $800 million and is expected to create nearly 1,200 skilled high-tech jobs. The […]
Read moreOctober 30, 2023 9:29 am
Germany’s economy has contracted at a quarterly pace of 0.1% in the third quarter of the year, a preliminary figure showed on Monday, while reversing from a revised up 0.1% expansion in Q2. A consensus of analyst estimates had pointed to a 0.3% GDP contraction. In the latest quarterly period, downward pressure on GDP came […]
Read moreOctober 30, 2023 8:13 am
The AUD/JPY currency pair firmed at the start of a busy central bank and data-laden week, as upbeat Australian retail sales data reinforced the case for a RBA interest rate hike in November. Yet, global risk sentiment remained fragile, while limiting the Aussie dollar upside, with the geopolitical backdrop in the Middle East a dominant […]
Read moreOctober 29, 2023 3:15 pm
According to UniCredit’s Chief Executive Officer Andrea Orcel, the bank returns capital to its shareholders mostly in the form of share buybacks rather than dividends, as this is what investors prefer. “This is what shareholders tell us when we speak with them,” the CEO was quoted as saying by Reuters. At a shareholders’ meeting on […]
Read moreOctober 27, 2023 1:36 pm
Kingsway Financial Services Inc said on Friday that it had acquired Digital Diagnostics Imaging Inc, a provider of fully managed outsourced cardiac monitoring telemetry services, in an $11.0 million all-cash deal. The transaction has been funded with $5.4 million in cash on hand and $5.6 million in debt financing, the company said. “The DDI business […]
Read moreOctober 27, 2023 7:49 am
The USD/CAD currency pair was on track to register its best weekly performance since mid-August, as robust US macro data solidified the case for higher-for-longer interest rates. The US economy grew at an annualized rate of 4.9% in the third quarter, or the most since Q4 of 2021, a preliminary estimate showed on Thursday. Market […]
Read moreOctober 26, 2023 3:04 pm
illumin Holdings, a leader in innovative advertising solutions, on Thursday announced the planned retirement of its Chief Executive Officer – Tal Hayek. Once a new CEO is appointed, Hayek will transition from his current role to Non-Executive Vice Chairman on the board of directors. illumin’s board has already begun a search for the company’s next […]
Read moreOctober 26, 2023 11:48 am
Barclays has been downgraded to “Underperform” by BofA Global Research on Thursday due to uncertainty regarding the financial group’s restructuring and near-term risks to capital distributions. The UK bank said earlier this week it would initiate another restructuring round in the upcoming months, as it seeks to alleviate the effects of margin pressure from competition […]
Read moreOctober 26, 2023 9:41 am
Australia’s second-most populous state, Victoria, on Thursday announced plans to invest AUD 1 billion ($630 million) to speed up energy transition towards renewable power and support a shift away from natural gas for heating and cooking purposes. Such an investment is expected to generate 4.5 gigawatts of new renewable energy, which would be sufficient to […]
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