October 23, 2023 10:04 am
The South African Rand weakened against the US Dollar at the start of the week, with geopolitical tensions being a major driver. Investor concerns that the Israel-Hamas conflict could spread to other territories was supporting demand for safe haven assets and was weighing on risk-sensitive currencies such as the Rand. “This means that the rand […]
Read moreOctober 23, 2023 8:10 am
The USD/SGD currency pair was mostly steady on Monday, while holding not far from recent two-week peak, as risks of a wider conflict in the Middle East weighed on the Singaporean Dollar and other Asian currencies. Media reports emerged that Israel had launched air strikes on Gaza early on Monday and clashed with the Iran-backed […]
Read moreOctober 22, 2023 4:11 pm
Pharmacy chain CVS Health said this week it would remove from its shelves particular oral cough and cold products with phenylephrine as the sole active ingredient. In September, a panel of advisers to the US Food and Drug Administration refused to support the effectiveness of oral over-the-counter medicines that contain phenylephrine. The US health regulator […]
Read moreOctober 22, 2023 11:23 am
Discount store operator Dollarama announced on Friday that Patrick Bui had been named as its next Chief Financial Officer. Bui is to succeed J.P. Towner, who has served as the company’s finance chief since March 2021. The appointment will come into effect on December 18th, Dollarama said. At present, Patrick Bui serves as Chief Financial […]
Read moreOctober 21, 2023 12:57 pm
Applied Digital Corp, a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing applications, said on Friday that it had energized its 200 megawatt data center in Garden City, Texas. The energization of the facility marks Applied Digital’s third successful next-gen data center development within North America for blockchain hosting operations. Once […]
Read moreOctober 20, 2023 1:44 pm
White Mountains Insurance Group Ltd said on Friday that it had entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services LLC. White Mountains said it would invest nearly $285 million, including primary capital to support Bamboo’s growth, while acquiring about 70% of Bamboo’s basic shares outstanding. Established in 2018, Bamboo […]
Read moreOctober 20, 2023 7:16 am
The GBP/CAD currency pair edged lower on Friday, pulling back from a one-week high, after data showed UK retail sales had decreased at a steeper rate than expected in September. Retail sales in the country shrank 0.9% month-over-month, compared with market expectations of a 0.2% decrease, following a 0.4% growth in August. Sales at non-food […]
Read moreOctober 19, 2023 11:27 am
Russia’s railway exports of gasoline plunged 80% to 37,000 tonnes during the first 15 days of October compared to the same period of September, according to a Reuters report. In order to deal with a local market shortage, Russia imposed temporary restrictions on exports of gasoline and ultra-low sulphur diesel from September 21st. There were […]
Read moreOctober 19, 2023 9:18 am
Amazon.com Inc (AMZN) on Wednesday announced plans to begin package deliveries by using drones in the UK, Italy and a third location in the United States. Amazon customers will have an option available to have their packages delivered by a drone from late 2024 onward. Drone deliveries will be integrated into the company’s existing fulfillment […]
Read moreOctober 19, 2023 7:13 am
The Australian Dollar retreated to a fresh one-month low against the Euro on Thursday, after Australia’s employment reportedly increased at a much slower pace than expected in September. Employment levels rose by 6,700 to 14.11 million last month, data showed, while falling well short of market expectations of a 20,000 gain. Part-time employment rose by […]
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