October 30, 2023 8:13 am
The AUD/JPY currency pair firmed at the start of a busy central bank and data-laden week, as upbeat Australian retail sales data reinforced the case for a RBA interest rate hike in November. Yet, global risk sentiment remained fragile, while limiting the Aussie dollar upside, with the geopolitical backdrop in the Middle East a dominant […]
Read moreOctober 29, 2023 3:15 pm
According to UniCredit’s Chief Executive Officer Andrea Orcel, the bank returns capital to its shareholders mostly in the form of share buybacks rather than dividends, as this is what investors prefer. “This is what shareholders tell us when we speak with them,” the CEO was quoted as saying by Reuters. At a shareholders’ meeting on […]
Read moreOctober 27, 2023 1:36 pm
Kingsway Financial Services Inc said on Friday that it had acquired Digital Diagnostics Imaging Inc, a provider of fully managed outsourced cardiac monitoring telemetry services, in an $11.0 million all-cash deal. The transaction has been funded with $5.4 million in cash on hand and $5.6 million in debt financing, the company said. “The DDI business […]
Read moreOctober 27, 2023 7:49 am
The USD/CAD currency pair was on track to register its best weekly performance since mid-August, as robust US macro data solidified the case for higher-for-longer interest rates. The US economy grew at an annualized rate of 4.9% in the third quarter, or the most since Q4 of 2021, a preliminary estimate showed on Thursday. Market […]
Read moreOctober 26, 2023 3:04 pm
illumin Holdings, a leader in innovative advertising solutions, on Thursday announced the planned retirement of its Chief Executive Officer – Tal Hayek. Once a new CEO is appointed, Hayek will transition from his current role to Non-Executive Vice Chairman on the board of directors. illumin’s board has already begun a search for the company’s next […]
Read moreOctober 26, 2023 11:48 am
Barclays has been downgraded to “Underperform” by BofA Global Research on Thursday due to uncertainty regarding the financial group’s restructuring and near-term risks to capital distributions. The UK bank said earlier this week it would initiate another restructuring round in the upcoming months, as it seeks to alleviate the effects of margin pressure from competition […]
Read moreOctober 26, 2023 9:41 am
Australia’s second-most populous state, Victoria, on Thursday announced plans to invest AUD 1 billion ($630 million) to speed up energy transition towards renewable power and support a shift away from natural gas for heating and cooking purposes. Such an investment is expected to generate 4.5 gigawatts of new renewable energy, which would be sufficient to […]
Read moreOctober 26, 2023 7:17 am
EUR/CAD held mostly steady on Thursday, not far from recent six-week high, as market focus now sets on the ECB’s policy decision later in the day. The European Central Bank is largely expected to keep its main refinancing operations rate intact at a 22-year high of 4.5% on Thursday, following 10 consecutive rate hikes since […]
Read moreOctober 25, 2023 3:47 pm
Thrive Precision Health said on Wednesday that it had entered into a binding letter of intent to acquire 2 diabetes clinics in Arizona. The company is developing a standardized clinical footprint that can scale nationwide and internationally to offer Wound Care, IV Therapies, Neuropathy Treatment as well as enhanced complementary protocols. Each clinic will offer […]
Read moreOctober 25, 2023 12:17 pm
Universal Stainless & Alloy Products Inc said on Wednesday that it had appointed Christopher Zimmer as its next President and Chief Executive Officer. The appointment will take effect on November 1st. Zimmer will also have a seat on the Board of Directors of Universal Stainless. He is to succeed Dennis Oates, who will assume the […]
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