October 18, 2023 7:08 am
The GBP/JPY currency pair registered small gains, but continued holding just below the 183 mark for a fourth straight trading day on Wednesday, after data showed UK’s annual CPI inflation had remained steady at 6.7% in September. The actual figure confounded market expectations pointing to a slowdown to 6.6%. Consumer inflation still remained well above […]
Read moreOctober 17, 2023 2:01 pm
Luna Innovations Incorporated, a provider of advanced fiber optic-based technology, said on Tuesday that it had appointed George Gomez-Quintero as its next Chief Financial Officer. Gomez-Quintero is to succeed Gene Nestro, who will assist the company through mid-2024 in order to ensure a smooth transition. As CFO, Gomez-Quintero will represent Luna Innovations in communications with […]
Read moreOctober 17, 2023 11:40 am
Amin Nasser, President and Chief Executive Officer of Saudi Aramco, said at the Energy Intelligence Forum in London on Tuesday that he expected global oil demand to reach 103 million barrels per day in the second half of 2023. Saudi Aramco’s spare capacity, meanwhile, now stands at 3 million barrels per day, Nasser said. The […]
Read moreOctober 17, 2023 7:36 am
The GBP/AUD currency pair edged lower on Tuesday, after data showed UK wage growth had decelerated in the three months to August, while taking some pressure off the Bank of England to further tighten monetary policy in November. Average weekly earnings, including bonuses, rose 8.1% year-on-year to GBP 661 per week in the three months […]
Read moreOctober 17, 2023 6:20 am
WeWork Inc said on Monday that it had appointed David Tolley as its new Chief Executive Officer. Tolley has been a member of the company’s board of directors since February 2023 and has served as interim Chief Executive Officer since May. “WeWork’s ability to define and lead an evolving world of work is a direct […]
Read moreOctober 16, 2023 9:23 am
The Euro Area registered a trade surplus of EUR 6.7 billion in August, swinging from a EUR 54.4 billion deficit in the same month of 2022, data by Eurostat showed on Monday. Total exports decreased at an annual rate of 3.9% to EUR 221.6 billion, while total imports plummeted 24.6% to EUR 214.9 billion. During […]
Read moreOctober 16, 2023 8:00 am
The GBP/USD currency pair was a notch firmer at the start of the week, but still hovered above Friday’s one-week low, as risk sentiment remained frail amid escalating tensions in the Middle East. Israeli forces are preparing a ground offensive into the Gaza Strip, aiming to root out the Palestinian group Hamas, while targeting “every […]
Read moreOctober 15, 2023 4:39 pm
PCTEL Inc, a global provider of wireless technology solutions, said on Friday that it had reached a definitive agreement to be purchased by Amphenol Corp. The deal, which is structured as an all cash transaction, values PCTEL Inc at nearly $139.7 million. Under the terms of the deal, approved by PCTEL’s board of directors, PCTEL […]
Read moreOctober 15, 2023 2:42 pm
Tesco Plc, the largest retailer in the UK, said on Friday that it would hire 30,000 temporary workers for the upcoming Christmas season. The company said the jobs would mostly be in its larger supermarkets, with positions on checkouts, store replenishment and picking home delivery orders. Earlier this week, Sainsbury’s announced plans to recruit 22,000 […]
Read moreOctober 13, 2023 3:24 pm
Gladstone Commercial Corp said on Friday that it had acquired a 70,000 square foot industrial manufacturing facility in Allentown, Pennsylvania, for as much as $7.8 million. Gladstone Commercial serves packaging, appliance, building products, cold chain, automotive, consumer and other general industrial end-markets. “We are excited to add another industrial asset in the Lehigh Valley submarket, […]
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