October 22, 2023 11:23 am
Discount store operator Dollarama announced on Friday that Patrick Bui had been named as its next Chief Financial Officer. Bui is to succeed J.P. Towner, who has served as the company’s finance chief since March 2021. The appointment will come into effect on December 18th, Dollarama said. At present, Patrick Bui serves as Chief Financial […]
Read moreOctober 21, 2023 12:57 pm
Applied Digital Corp, a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing applications, said on Friday that it had energized its 200 megawatt data center in Garden City, Texas. The energization of the facility marks Applied Digital’s third successful next-gen data center development within North America for blockchain hosting operations. Once […]
Read moreOctober 20, 2023 1:44 pm
White Mountains Insurance Group Ltd said on Friday that it had entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services LLC. White Mountains said it would invest nearly $285 million, including primary capital to support Bamboo’s growth, while acquiring about 70% of Bamboo’s basic shares outstanding. Established in 2018, Bamboo […]
Read moreOctober 20, 2023 7:16 am
The GBP/CAD currency pair edged lower on Friday, pulling back from a one-week high, after data showed UK retail sales had decreased at a steeper rate than expected in September. Retail sales in the country shrank 0.9% month-over-month, compared with market expectations of a 0.2% decrease, following a 0.4% growth in August. Sales at non-food […]
Read moreOctober 19, 2023 11:27 am
Russia’s railway exports of gasoline plunged 80% to 37,000 tonnes during the first 15 days of October compared to the same period of September, according to a Reuters report. In order to deal with a local market shortage, Russia imposed temporary restrictions on exports of gasoline and ultra-low sulphur diesel from September 21st. There were […]
Read moreOctober 19, 2023 9:18 am
Amazon.com Inc (AMZN) on Wednesday announced plans to begin package deliveries by using drones in the UK, Italy and a third location in the United States. Amazon customers will have an option available to have their packages delivered by a drone from late 2024 onward. Drone deliveries will be integrated into the company’s existing fulfillment […]
Read moreOctober 19, 2023 7:13 am
The Australian Dollar retreated to a fresh one-month low against the Euro on Thursday, after Australia’s employment reportedly increased at a much slower pace than expected in September. Employment levels rose by 6,700 to 14.11 million last month, data showed, while falling well short of market expectations of a 20,000 gain. Part-time employment rose by […]
Read moreOctober 18, 2023 2:01 pm
Rio Tinto said on Wednesday that it intended to bolster production capacity at its newest iron ore mine, Gudai-Darri, to 50 million tonnes annually, which would cost about $70 million (AUD 130 million). Located in the Pilbara, Western Australia, the Gudai-Darri mine initiated production in 2022 and achieved its planned annual capacity of 43 million […]
Read moreOctober 18, 2023 11:15 am
Accenture said on Wednesday that it had bought ON Service GROUP, a provider of business process services, specialized in insurance operations. Yet, the company did not disclose any financial details of the transaction. The acquisition is expected to improve Accenture’s capabilities in insurance operations, as it will expand the range of services available to clients […]
Read moreOctober 18, 2023 8:42 am
The South African Rand traded near a fresh one-month high against the US Dollar on Wednesday, after data showed South Africa’s annual inflation rate had accelerated for a second straight month in September. South African CPI inflation stood at 5.4% in September, up from 4.8% in August, while exceeding market expectations of 5.3%. Still, annual […]
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