August 29, 2023 9:32 am
The South African Rand advanced against the US Dollar on Tuesday in an attempt to extend last week’s 1.9% gain, as market players looked to South African PPI and trade balance reports along with international data in what appears to be a busy week. Statistics South Africa is due to release the official Producer Price […]
Read moreAugust 29, 2023 7:36 am
India’s Rupee traded within a relatively narrow range against a softer US Dollar on Tuesday and as US Treasury yields dropped. The USD/INR pair continued to hover above recent three-week low of 82.3775, while dollar demand from corporate entities heightened. “The big corporates (who are importers) are quite active on the dips (on USD/INR), which, […]
Read moreAugust 28, 2023 12:27 pm
Mortgage lending company Guild Mortgage on Monday announced the acquisition of Illinois-based First Centennial Mortgage, a privately held residential mortgage lender with branches mostly located in the Midwest. However, the financial details of the acquisition remained undisclosed. First Centennial Mortgage was established by brothers Steven and David McCormick in 1995. The company has recently been […]
Read moreAugust 28, 2023 9:51 am
Futures on US West Texas Intermediate Crude Oil edged higher on Monday after China announced measures to prop up stuttering economic recovery. The country halved stamp duty on stock trades effective August 28th, which provided certain support to oil prices early during Monday’s session. However, “after last week’s modest (Chinese central bank interest) rate cut, […]
Read moreAugust 28, 2023 7:14 am
The Australian Dollar got a lift on Monday after China announced a stamp duty cut on stock trades “to invigorate the capital market and boost investor confidence.” Additional boost came on the back of a softer US Dollar, which pulled back from a 12-week high, after Federal Reserve Chair Jerome Powell did not rule out […]
Read moreAugust 25, 2023 12:35 pm
Cloud company Akamai Technologies Inc said on Thursday that it had acquired select enterprise customer contracts from StackPath. The announcement came after StackPath’s decision to discontinue its content delivery network operations. By acquiring nearly 100 enterprise customer contracts, Akamai Technologies said it expected the transaction to add about $20 million in revenue and to be […]
Read moreAugust 25, 2023 9:43 am
Teikoku Databank reported on Friday that China’s suspension of Japanese seafood imports after the wastewater release from the crippled Fukushima nuclear plant had affected over 700 Japanese food exporters. The market research firm noted that 727 Japan-based companies exported food products to China, or 8% of all Japanese business entities that export goods to China. […]
Read moreAugust 25, 2023 7:33 am
Canadian officials announced on Friday that the country would join as a third party in the dispute settlement between the United States and Mexico in regard to genetically modified corn in imported tortillas and dough. Last week, the United States escalated its objections to Mexico’s restrictions on genetically modified corn imports and requested a dispute […]
Read moreAugust 24, 2023 12:36 pm
ABC Technologies Holdings Inc, a manufacturer and supplier of highly engineered, technical plastics and lightweighting innovations to global automotive customers, said on Wednesday it had entered into an agreement to acquire Plastikon Industries’ automotive business in North America for $130 million. Expected to be renamed to Plastikon Automotive, the business was established more than 40 […]
Read moreAugust 24, 2023 9:50 am
South Korea’s LG Chem Ltd. said on Thursday that it was seeking to sell its information technology film business as it aimed to boost competitiveness. “We are pursuing plans to sell our film business as part of our effort to strengthen our business competitiveness focusing on the three new growth engines, but no specific decisions […]
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