December 5, 2023 8:15 am
The AUD/CAD currency pair extended the losses from the previous trading day on Tuesday, while touching a fresh two-week low, after the Reserve Bank of Australia left its cash rate without change at 4.35% at its December meeting. The decision came in line with investor expectations and followed a 25 basis point rate hike in […]
Read moreDecember 4, 2023 11:43 am
Having risen to a fresh all-time high of nearly $2,150 during Monday’s Asian session on rising expectations that the Federal Reserve could begin cutting interest rates next year, Spot Gold eased a bit, but continued holding above the $2,000 mark. Market players added to bets that a rate cut could come in the months ahead, […]
Read moreDecember 4, 2023 9:55 am
Arms manufacturer Rheinmetall AG intends to construct its first armored vehicles in Ukraine next year, the German company’s Chief Executive Officer Armin Papperger told the WirtschaftsWoche magazine. According to the CEO, a deal with Ukraine on the production of Fuchs armored transport vehicles and Lynx infantry fighting vehicles may be inked by early 2024. “After […]
Read moreDecember 4, 2023 8:42 am
The South African Rand weakened against the US Dollar at the start of a macro data-packed week. The South African currency gained more than 1.2% last Friday, as cautious remarks delivered by Federal Reserve Chair Jerome Powell dented the US Dollar. Powell noted it was clear that the Fed’s monetary policy was slowing the economy […]
Read moreDecember 3, 2023 2:57 pm
Provident Financial Holdings Inc, the holding company of Provident Savings Bank F.S.B., said on Friday that it had appointed Tam Nguyen as its next Senior Vice President, Chief Financial Officer and Corporate Secretary, effective January 2nd 2024. Nguyen is to succeed Donavon Ternes, who will assume the roles of President and Chief Executive Officer on […]
Read moreDecember 2, 2023 2:38 pm
Presto Automation, an enterprise-grade AI and automation solutions provider, said on Friday that it had appointed Kat Hoffman-Flynt as Chief Operating Officer with immediate effect. Hoffman-Flynt has more than 20 years of experience as an operational strategist. Hoffman-Flynt became part of Presto’s team in 2019, assuming the role of Senior Director of Strategic Projects. Before […]
Read moreDecember 2, 2023 12:27 pm
So-Young International Inc, the largest social community in China for consumers, professionals and service providers in the medical aesthetics industry, said on Friday that it had entered into a strategic partnership with Healtech to jointly develop two regenerative medical aesthetic products and further expand its supply chain business. Under the tie-up, So-Young and Healtech will […]
Read moreDecember 1, 2023 10:14 am
Cameco said on Thursday that it had appointed Catherine Gignac as Chair of its Board of Directors, effective December 1st. Gignac is to succeed Ian Bruce, who passed away on October 15th 2023. Gignac has been a member of Cameco’s Board since 2014. She serves as chair of the nominating, corporate governance and risk committee […]
Read moreDecember 1, 2023 8:29 am
VF Corp (VFC) announced on Thursday that it had dismissed about 500 employees as part of business restructuring effort and global operations improvement. The job reductions occurred across all of the company’s brands, corporate functions and geographies. In October, the Vans owner had come under pressure from investor firms Legion Partners Asset Management and Engaged […]
Read moreNovember 30, 2023 1:42 pm
Canada’s economy shrank 0.3% in the third quarter of the year compared to the preceding three-month period, while marking the first contraction since Q2 of 2021. That followed a revised up 0.3% QoQ expansion in the second quarter. The nation’s GDP was weighed down by a 1.3% slump in the exports of goods and services, […]
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