November 23, 2023 11:51 am
Ericsson said on Thursday that it had successfully placed a green bond of EUR 500 million with a maturity of 4.5 years. The placement was conducted under Ericsson’s Euro Medium Term Note Program. The transaction extends Ericsson’s footprint in the Eurobond market, while the proceeds will be exclusively allocated to investments in energy efficiency, the […]
Read moreNovember 23, 2023 8:20 am
Spot Gold edged higher on Thursday, while holding not far from recent three-week high, as the yellow metal drew support from US Dollar softness and a drop in US bond yields. “The anticipation of this effective pivot towards interest rate hike cycle peak is translating to ongoing softness in the U.S. dollar and the longer-dated […]
Read moreNovember 22, 2023 3:42 pm
Mitsubishi Heavy Industries (7011) announced on Wednesday that it forecast a twofold increase in its defense revenue to nearly JPY 1 trillion from the business year that begins in April 2024. The increase is expected to be generated in part with the expansion of facilities to build missiles and develop next-generation fighter jets. The Japanese […]
Read moreNovember 22, 2023 11:08 am
Singapore’s economy has expanded at a final annual rate of 1.1% in the third quarter of 2023, Statistics Singapore reported. The figure represents an upward revision from a preliminary GDP growth estimate of 0.7%. It also marked the 11th consecutive quarter of GDP expansion and the sharpest growth rate since the final quarter of 2022. […]
Read moreNovember 22, 2023 9:22 am
AUD/USD pulled back from a fresh 3 1/2-month high on Wednesday, with the greenback’s sell-off easing, after the minutes of the Federal Reserve’s most recent meeting did little to sway investors’ opinion that its policy tightening cycle has likely ended. The minutes showed the Fed would proceed “carefully” and that “all participants judged it appropriate […]
Read moreNovember 22, 2023 7:56 am
CytoDyn Inc said on Tuesday that it had appointed Dr. Jacob Lalezari as Interim Chief Executive Officer, effective November 17th. Dr. Lalezari will head the company’s corporate and product development, with a focus on short-term clinical development and associated fundraising. Previously, Dr. Lalezari was Interim Chief Medical Officer of CytoDyn in 2020 and has been […]
Read moreNovember 21, 2023 12:42 pm
According to the head of the International Energy Agency’s oil markets and industry division, the global oil market is set to register a slight supply surplus next year, even if OPEC+ members extend their output cuts into 2024. However, at present, the global market is in a deficit. “Global oil stocks are at low levels, […]
Read moreNovember 21, 2023 10:21 am
TC Energy (TRP) said in a statement that its Virginia Reliability Project had been approved by the US Federal Energy Regulatory Commission (FERC). The project is expected to add more than $500 million of economic value and to create over 3,500 jobs in the state. Columbia Gas Transmission’s Virginia Reliability Project represents an expansion project, […]
Read moreNovember 21, 2023 9:12 am
The AUD/CAD currency pair scaled a fresh 4-month peak on Tuesday, after the minutes from the Reserve Bank of Australia’s November meeting showed policy makers considered it crucial to prevent inflation expectations from rising significantly. That’s why the RBA had to raise its cash rate by 25 basis points to 4.35% earlier in November. Policy […]
Read moreNovember 20, 2023 5:13 pm
Spectra7 Microsystems Inc, a provider of high-performance analog semiconductor products for broadband connectivity markets, said on Monday that it had appointed David Mier as Interim Chief Financial Officer. Previously, the company had said that its Chief Financial Officer, Bonnie Tomei, would take a personal leave of absence, effective December 1st, due to a family medical […]
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