December 13, 2023 10:14 am
Industrial production in the Euro Area was reported to have contracted 0.7% in October compared to September, or at a much sharper rate than expected. That followed a revised up 1% drop in September. In October, output contracted for capital goods, by 1.4%, followed by 0.6% decreases in both intermediate and non-durable consumer goods output. […]
Read moreDecember 13, 2023 8:16 am
The GBP/CAD currency pair weakened on Wednesday, while holding not far from recent three-week low, after data showed the UK economy had contracted 0.3% in October from September, confounding market expectations of zero growth. The GDP contraction was mostly driven by the services sector, which shrank 0.2% month-over-month. Within services, the largest drop was observed […]
Read moreDecember 12, 2023 12:20 pm
The global commerce platform, WEX, announced on Tuesday that it had appointed Sachin Dhawan as its next Chief Technology Officer. As CTO, Dhawan will head WEX’s global Technology Organization, including product and platform technology, architecture, cybersecurity, infrastructure and cloud engineering, technical operations, enterprise applications and Corporate IT. Most recently, Dhawan was CTO at Stitch Fix, […]
Read moreDecember 12, 2023 10:14 am
Innospec Inc said on Monday that it had finalized the acquisition of QGP Química Geral, a leading specialty chemicals company headquartered in Brazil. However, the company did not disclose any financial details regarding the agreement. The acquisition of QGP is expected to add new surfactant and other specialty chemistries to Innospec’s global portfolio in key […]
Read moreDecember 12, 2023 8:34 am
Having rebounded from a two-month low, the GBP/JPY currency pair edged lower on Tuesday, after data showed UK wage growth had decelerated further in the three months to October, while adding to the case of a rate pause by the Bank of England at its upcoming policy meeting. Average weekly earnings, including bonuses, rose 7.2% […]
Read moreDecember 11, 2023 12:15 pm
Manchester United and MLILY, a leading mattress and pillow manufacturer, announced that they had extended their years-long global partnership. The latter is to extend the range of quality rest, recovery and relaxation products available for both players and consumers. Manchester United and MLILY formed the partnership in 2016 and have since then collaborated on a […]
Read moreDecember 11, 2023 10:08 am
Arkema announced on Monday that it had inked a 20-year contract with EDF Renewables for the supply of 20 GWh per year of renewable electricity. Under this partnership, beginning from 2026, 70% of the electricity consumption in Bostik’s 8 French sites will be generated by solar energy. The agreement is consistent with Arkema’s efforts to […]
Read moreDecember 11, 2023 8:26 am
The South African Rand was a notch weaker against the US Dollar on Monday, with the emerging market currency set to extend a 1.76% loss from last week ahead of key macro data. Market focus now sets on the US CPI inflation figures, due out on Tuesday, which may provide more clues over potential interest […]
Read moreDecember 10, 2023 10:29 am
Brown & Brown Inc said on Friday that it had agreed to acquire Automotive Business Solutions (ABS). ABS is a leading administrator of warranty products in the automotive aftermarket, as it provides nationwide parts and labor repair warranties, national road hazard programs and component-specific warranties. The ABS team will still be headed by Chief Executive […]
Read moreDecember 9, 2023 10:20 am
Acreage Holdings Inc said on Friday that Philip Himmelstein, who currently serves as Vice President of Financial Planning and Analysis, would assume the role of Interim Chief Financial Officer, effective December 31st. Carl Nesbitt has decided to step down from the role of Chief Financial Officer in pursuit of new opportunities, the company said. Nesbitt […]
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