November 30, 2023 10:11 am
The annual inflation rate in the Euro Area has decelerated further in November, to 2.4%, while marking its lowest level since July 2021. Market consensus had pointed to a more modest slowdown – to 2.7%. In November, the cost of energy plummeted 11.5% year-on-year, following another 11.2% drop in October. Prices also eased for services […]
Read moreNovember 30, 2023 8:59 am
The South Korean Won eased against the US Dollar on Thursday, as the Bank of Korea (BOK) left its base rate without change at 3.5% at its November policy meeting, in line with market expectations. This way, borrowing costs were kept on hold for the seventh consecutive meeting amid global uncertainties as well as concerns […]
Read moreNovember 30, 2023 7:42 am
Cheniere Energy Inc and Cheniere Energy Partners LP said on Wednesday that Sabine Pass Liquefaction Stage V LLC (“SPL Stage 5”) had entered into a long-term Integrated Production Marketing gas supply agreement with ARC Resources U.S. Corp – a subsidiary of ARC Resources Ltd. Under the agreement, ARC Resources will sell 140,000 MMBtu per day […]
Read moreNovember 29, 2023 12:45 pm
India’s imports of finished steel from China registered a four-year high during the first seven months of the fiscal year that started in April, according to a Reuters report, citing government data. The world’s biggest steel producer, China, was also the top exporter of the alloy to India during the April-October period. It exported 1.1 […]
Read moreNovember 29, 2023 11:07 am
TotalEnergies said on Wednesday that it had acquired a minority stake in Xlinks First Limited, while investing as much as GBP 20 million. TotalEnergies joined investors Octopus Energy and Abu Dhabi National Energy Company. Xlinks intends to develop a huge renewable project in Morocco, which combines solar and wind, to supply green electricity to the […]
Read moreNovember 29, 2023 8:48 am
The NZD/JPY currency pair briefly touched a fresh 103-month high on Wednesday, after the Reserve Bank of New Zealand warned that further policy tightening might be required in case price pressures did not abate. The central bank left its official cash rate without change at 5.5% at its November meeting, in line with market expectations. […]
Read moreNovember 29, 2023 7:44 am
Accenture said on Tuesday that it had agreed to buy Ammagamma, a Modena, Italy-based company that helps businesses advance their uses of AI. The financial details of the agreement, however, were not disclosed. Established in 2013, Ammagamma has a multidisciplinary team of 90 experienced AI professionals, many of whom specialize in generative AI. The firm’s […]
Read moreNovember 28, 2023 10:55 am
L3Harris Technologies Inc (LHX) said on Monday that it would sell its commercial aviation solutions business to private equity company TJC L.P. in a deal estimated at $800 million. The transaction is expected to be completed in the first half of 2024. The agreement includes a $700 million cash purchase price and a $100 million […]
Read moreNovember 28, 2023 8:53 am
The AUD/NZD currency pair extended a rebound from recent one-week trough on Tuesday ahead of a policy decision by the Reserve Bank of New Zealand. The RBNZ is largely expected to keep interest rates on hold at 5.5% at its policy meeting tomorrow in light of softer inflation and employment. Still, investor focus will likely […]
Read moreNovember 28, 2023 7:50 am
Leidos, a science and technology company, said that it had secured a new $32 million contract by the Marine Corps System Command through the Consortium Management Group. The contract for defense radar systems development calls for 4 Medium Range Air Defense Radar prototype systems within a two-year span, the firm said. “This win represents a […]
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