October 18, 2023 2:01 pm
Rio Tinto said on Wednesday that it intended to bolster production capacity at its newest iron ore mine, Gudai-Darri, to 50 million tonnes annually, which would cost about $70 million (AUD 130 million). Located in the Pilbara, Western Australia, the Gudai-Darri mine initiated production in 2022 and achieved its planned annual capacity of 43 million […]
Read moreOctober 18, 2023 11:15 am
Accenture said on Wednesday that it had bought ON Service GROUP, a provider of business process services, specialized in insurance operations. Yet, the company did not disclose any financial details of the transaction. The acquisition is expected to improve Accenture’s capabilities in insurance operations, as it will expand the range of services available to clients […]
Read moreOctober 18, 2023 8:42 am
The South African Rand traded near a fresh one-month high against the US Dollar on Wednesday, after data showed South Africa’s annual inflation rate had accelerated for a second straight month in September. South African CPI inflation stood at 5.4% in September, up from 4.8% in August, while exceeding market expectations of 5.3%. Still, annual […]
Read moreOctober 18, 2023 7:08 am
The GBP/JPY currency pair registered small gains, but continued holding just below the 183 mark for a fourth straight trading day on Wednesday, after data showed UK’s annual CPI inflation had remained steady at 6.7% in September. The actual figure confounded market expectations pointing to a slowdown to 6.6%. Consumer inflation still remained well above […]
Read moreOctober 17, 2023 2:01 pm
Luna Innovations Incorporated, a provider of advanced fiber optic-based technology, said on Tuesday that it had appointed George Gomez-Quintero as its next Chief Financial Officer. Gomez-Quintero is to succeed Gene Nestro, who will assist the company through mid-2024 in order to ensure a smooth transition. As CFO, Gomez-Quintero will represent Luna Innovations in communications with […]
Read moreOctober 17, 2023 11:40 am
Amin Nasser, President and Chief Executive Officer of Saudi Aramco, said at the Energy Intelligence Forum in London on Tuesday that he expected global oil demand to reach 103 million barrels per day in the second half of 2023. Saudi Aramco’s spare capacity, meanwhile, now stands at 3 million barrels per day, Nasser said. The […]
Read moreOctober 17, 2023 7:36 am
The GBP/AUD currency pair edged lower on Tuesday, after data showed UK wage growth had decelerated in the three months to August, while taking some pressure off the Bank of England to further tighten monetary policy in November. Average weekly earnings, including bonuses, rose 8.1% year-on-year to GBP 661 per week in the three months […]
Read moreOctober 17, 2023 6:20 am
WeWork Inc said on Monday that it had appointed David Tolley as its new Chief Executive Officer. Tolley has been a member of the company’s board of directors since February 2023 and has served as interim Chief Executive Officer since May. “WeWork’s ability to define and lead an evolving world of work is a direct […]
Read moreOctober 16, 2023 9:23 am
The Euro Area registered a trade surplus of EUR 6.7 billion in August, swinging from a EUR 54.4 billion deficit in the same month of 2022, data by Eurostat showed on Monday. Total exports decreased at an annual rate of 3.9% to EUR 221.6 billion, while total imports plummeted 24.6% to EUR 214.9 billion. During […]
Read moreOctober 16, 2023 8:00 am
The GBP/USD currency pair was a notch firmer at the start of the week, but still hovered above Friday’s one-week low, as risk sentiment remained frail amid escalating tensions in the Middle East. Israeli forces are preparing a ground offensive into the Gaza Strip, aiming to root out the Palestinian group Hamas, while targeting “every […]
Read more
