October 6, 2023 7:48 am
Futures on US West Texas Intermediate Crude Oil looked set to register their most notable weekly decline since March on concerns that interest rates, remaining elevated for longer, could hinder global growth and also weigh on fuel demand. Concerns over higher-for-longer US interest rates and a widening US budget deficit drove US Treasury prices down […]
Read moreOctober 5, 2023 3:06 pm
Pure Energy Minerals Ltd said on Thursday that it had appointed Joseph E. Mullin as its next President and Chief Executive Officer with immediate effect. Mullin has been a member of the Board of Directors of Pure Energy since November 2020. Mullin serves as President and Chief Executive of Rise Gold Corp, as a Managing […]
Read moreOctober 5, 2023 12:03 pm
Ryder System Inc, a leader in supply chain, dedicated transportation and fleet management solutions, on Thursday announced an expansion of its multi-client warehouse network with the addition of a 400,000-square-foot distribution center in Aurora, Illinois. It is the latest site to a now 6-building campus covering a total of 2.4 million square feet, which mostly […]
Read moreOctober 5, 2023 9:05 am
EU members struck a deal on Thursday to reduce usage of super-potent greenhouse gases in fridges and air conditioners, which comes as part of the bloc’s broader initiative to slash CO2 emissions. The European Union nations are expected to completely phase out the usage of hydrofluorocarbons by year 2050. “Such substances have highly negative impacts […]
Read moreOctober 5, 2023 7:13 am
Germany’s trade surplus has widened to EUR 16.6 billion in August from EUR 15.9 billion in July, according to the latest data by the Federal Statistical Office. Analysts on average had expected a trade surplus of EUR 15 billion. Total exports shrank 1.2% month-over-month in August, or much faster than expected, to EUR 127.9 billion […]
Read moreOctober 4, 2023 4:45 pm
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Wednesday that it had acquired Louisville, Kentucky-based WLA Insurance LLC (“Altman Insurance Services”). However, the company did not disclose any financial details. Altman Insurance Services provides employee benefits, brokerage and consulting services to small and large group businesses […]
Read moreOctober 4, 2023 12:01 pm
According to a report by the Kommersant daily, citing unnamed sources, Russia’s government may mitigate a ban on diesel exports in the upcoming days. The media said that the ban might be lifted only on pipeline exports of diesel, while volumes might be subject to quotas to avoid a spike in wholesale prices. On the […]
Read moreOctober 4, 2023 9:00 am
Private sector activity in the Euro Area registered another moderate contraction at the end of the third quarter, data by Markit Economics showed on Wednesday. Euro Area’s Composite Purchasing Managers’ Index (PMI) was reported at a final 47.2 in September, up from a preliminary estimate of 47.1 and improving from August’s 3-year low of 46.7. […]
Read moreOctober 4, 2023 7:27 am
The Reserve Bank of New Zealand (RBNZ) left its official cash rate (OCR) without change at 5.5% at its October policy meeting, in line with market expectations. This way, the central bank extended the rate pause for a third consecutive meeting. Policy makers continued to uphold the view that monetary conditions were restraining spending and […]
Read moreOctober 3, 2023 2:52 pm
MarketAxess Holdings Inc, an operator of an electronic trading platform for fixed-income securities, said on Tuesday that it had enhanced its Open Trading solution for local currency bonds. The first tranche of local currency markets, which will now be supported, include Poland, Czech Republic, Hungary and South Africa. The launch of Open Trading for emerging […]
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