November 27, 2023 12:12 pm
BNP Paribas Cardif has acquired a majority stake in the insurance arm of BCC ICCREA, the unit of French lender BNP Paribas SA said on Monday. Under the agreement, BNP Paribas Cardif will acquire 51% of BCC Vita, ICCREA’s insurance arm, with the option to buy an additional 19%. The deal is to allow BNP […]
Read moreNovember 27, 2023 10:10 am
The South African Rand was a notch firmer against the US Dollar at the start of a data-laden week, as investor focus sets on future policy rates. The week “starts slow but ends with some top-tier events,” Rand Merchant Bank analysts wrote in a note. Among macro data releases, the most anticipated will be inflation […]
Read moreNovember 27, 2023 8:47 am
The GBP/USD currency pair scaled a fresh 12-week peak on Monday, as market players awaited a host of macro data in the week ahead, including the Federal Reserve’s preferred measure of inflation, for further clues on future interest rate trajectory. The Sterling extended last week’s 1.1% gain against the greenback after data showed British businesses […]
Read moreNovember 26, 2023 3:27 pm
According to data by Mastercard Spendingpulse, released over the weekend, Black Friday retail sales in the United States went up 2.5% year-on-year. That figure excluded automotive sales and was not adjusted for inflation. Black Friday e-commerce sales surged 8.5% year-on-year and in-store sales rose 1.1% from a year ago. In September, Mastercard Spendingpulse had said […]
Read moreNovember 26, 2023 12:37 pm
NextSource Materials Inc said on Friday that it had appointed Johnny Velloza as Interim Chief Operating Officer, as Robin Borley has resigned from the post. Velloza has vast technical and operating experience in the mining industry that spans three decades. Previously, Velloza served as Deputy CEO and COO of Gem Diamonds and as Chief Executive […]
Read moreNovember 26, 2023 10:40 am
According to a report by Reuters, citing a source with knowledge of the situation, as many as 2,500 jobs are put at risk at Lloyds as part of a shake-up amid renewed cost-cutting efforts. Britain’s largest high street bank is set to initiate a consultation with personnel in a number of roles, including analysts and […]
Read moreNovember 24, 2023 1:51 pm
Retail sales in Canada rose 0.6% from the prior month in September, as the figure has been revised sharply higher from the preliminary estimate of a stall, Statistics Canada said on Friday. That also compares with a 0.1% drop in August and with a consensus of estimates pointing to zero growth. In September, retail turnover […]
Read moreNovember 24, 2023 9:56 am
Germany’s economy shrank marginally by 0.1% in the third quarter of the year compared to Q2, the Federal Statistical Office said on Friday. The figure confirmed a preliminary GDP estimate released in late October. It also reversed a 0.1% growth registered in Q2. Private consumer spending dropped 0.3% quarter-on-quarter in Q3, following a 0.2% growth […]
Read moreNovember 24, 2023 9:04 am
Plaza Retail REIT said on Thursday that it had appointed Jason Parravano as its next Chief Operating Officer, effective January 8th 2024. Previously, Parravano served as Chief Financial Officer of the asset management business of the Walter Group. Before that, he spent 8 years at Canadian Net Real Estate Investment Trust, where he served as […]
Read moreNovember 23, 2023 3:26 pm
New Mountain Finance Corporation, part of New Mountain Capital, said that it had appointed Kris Corbett as its next Chief Financial Officer, effective November 27th. Corbett joins New Mountain from Blackstone Credit, where he was Senior Vice President, Controller and Treasurer of both the Blackstone Private Credit Fund and the Blackstone Secured Lending Fund. Before […]
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