August 24, 2023 8:09 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday, following a series of weak macro data from major economies and ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell tomorrow, which could offer interest rate guidance. The latest manufacturing purchasing managers’ index surveys indicated a rather shaken health of major […]
Read moreAugust 23, 2023 12:50 pm
VSBLTY Groupe Technologies Corp, an AI software provider of security and retail analytics technology, said on Wednesday it had agreed to acquire Shelf Nine, a leader in retail media networks. The two companies expect to close their definitive agreement within the upcoming 30 days as soon as their due diligence is completed. The agreement represents […]
Read moreAugust 23, 2023 9:28 am
EUR/CAD extended losses on Wednesday, further pulling back from recent 1-week high, after Germany’s private sector activity shrank at the sharpest rate since the aftermath of the COVID-19 outbreak in May 2020. The HCOB Germany Composite Purchasing Managers’ Index plummeted to a reading of 44.7 in August, or much more than expected, from 48.5 in […]
Read moreAugust 23, 2023 7:59 am
GBP/CAD edged higher in calm trade on Wednesday, while being not far from recently registered 1-month high, ahead of the release of key macro data prints out of both the UK and Canada. The S&P Global/CIPS UK Services Purchasing Managers’ Index probably decreased to 51.0 in August from a final reading of 51.5 in July. […]
Read moreAugust 22, 2023 12:28 pm
Hong Kong’s Chief Executive John Lee announced on Tuesday that he was strongly against Japan’s release into the ocean of treated radioactive water from the Fukushima nuclear plant. The financial hub will immediately put in place import controls on seafood from Japan, Lee said. Japan intends to begin releasing over 1 million tons of treated […]
Read moreAugust 22, 2023 9:34 am
Science Applications International Corp (SAIC) said on Monday that it had signed a strategic collaboration agreement with Amazon Web Services (AWS) to offer industry-leading services, resources and expertise, which would help government clients better utilize SAIC’s cloud solutions in AWS GovCloud. The collaboration further advances SAIC’s ability to develop and design tailored secure cloud solutions […]
Read moreAugust 22, 2023 7:38 am
Futures on US West Texas Intermediate Crude Oil were trading slightly lower on Tuesday, as market players awaited more clarity on the possible resumption of Iraqi oil exports, which could alleviate supply tightness. Iraq’s oil minister Hayan Abdel-Ghani is expected to discuss several matters, including the resumption of oil exports via the Ceyhan oil terminal, […]
Read moreAugust 21, 2023 12:36 pm
China’s Ministry of Natural Resources has given state oil and gas company Sinopec Corp certification for another 30.55 billion cubic meters (bcm) of proven geological reserves in the Bazhong gasfield of the Sichuan basin. With those new reserves, Sinopec’s total proven geological reserves in the northeastern part of the Sichuan basin have reached 154.7 billion […]
Read moreAugust 21, 2023 9:26 am
The South African Rand began the new week on the back foot against the US Dollar ahead of the BRICS summit and the South African CPI inflation numbers for July. South Africa will host the BRICS summit of emerging market economies from Tuesday to Thursday, with the bloc’s potential expansion being on the agenda. The […]
Read moreAugust 21, 2023 7:27 am
The Australian Dollar steadied against its US counterpart on Monday, being not far from last week’s 9 1/2-month low, as market players looked to the Federal Reserve’s Jackson Hole symposium for interest rate guidance. The Aussie dollar, a liquid proxy for the Chinese Yuan, was still under pressure after China’s move on benchmark lending rates […]
Read more
