August 18, 2023 12:36 pm
Hungary’s Minister for External Economy and Foreign Affairs Peter Szijjarto announced on Friday that the country could begin receiving shipments of liquefied natural gas from Qatar, the largest LNG exporter worldwide, in 2027. “We have reached a political agreement, which is now followed by talks between energy companies Qatargas and Hungary’s MVM to determine the […]
Read moreAugust 18, 2023 9:38 am
Coty Inc, a leading beauty firm, said on Friday that it had renewed its long-term license agreement with Adidas. The focus of the partnership between the two companies has been set on the intersection of personal care, wellness, sports and sports lifestyle, with pioneering research and innovation into areas such as the impact of fragrance […]
Read moreAugust 18, 2023 7:38 am
After closing at a record low level of 83.1475 per dollar on Thursday, India’s Rupee was slightly firmer on Friday as the US Dollar and US Treasury yields retreated from recent highs. India’s currency has faced considerable selling pressure in recent trading sessions, which prompted the Reserve Bank of India to step in, selling US […]
Read moreAugust 17, 2023 1:33 pm
Canadian Solar Inc said on Thursday that e-STORAGE, which is part of its majority-owned subsidiary CSI Solar Co Ltd, would provide 1,200 MWh (1,519 MWh DC nominal) of energy storage solutions to Recurrent Energy’s Papago Storage project in Arizona. A wholly-owned subsidiary of Canadian Solar, Recurrent Energy will begin constructing Papago Storage in Q3 of […]
Read moreAugust 17, 2023 9:35 am
The Norwegian Krone bounced from a five-week trough against the US Dollar on Thursday, after Norges Bank raised its key policy rate by 25 basis points to 4% at its August meeting, in line with market expectations. With interest rates now being at their highest level since 2008, Norway’s central bank said it would likely […]
Read moreAugust 17, 2023 7:27 am
The Australian Dollar extended losses against its Canadian counterpart, hitting a fresh 42-week low on Thursday, after Australian jobs data for July confounded market expectations and brought forth speculation the Reserve Bank of Australia might have completed its policy tightening cycle. The Aussie dollar has also been pressured as a result of the sharp deterioration […]
Read moreAugust 16, 2023 12:41 pm
Futures on US West Texas Intermediate Crude Oil were registering small gains on Wednesday, as concerns over China’s sluggish economy were weighed against potential tighter supply in the US. Chinese retail sales, investment figures and industrial production fell short of market expectations, adding to concerns that sluggish recovery could last longer than anticipated. China’s central […]
Read moreAugust 16, 2023 9:20 am
The British Pound surged to a fresh one-month high against the Canadian Dollar on Wednesday after the most recent UK CPI inflation data added to the case for more interest rate hikes by the Bank of England. Annual headline consumer price inflation in the UK slowed to 6.8% in July, marking its lowest level since […]
Read moreAugust 16, 2023 7:16 am
The New Zealand Dollar firmed against the Euro on Wednesday after the Reserve Bank of New Zealand left its official cash rate without change at 5.5% during its August meeting and said it did not expect to begin rate cuts until the first half of 2025. The RBNZ held the OCR at the current level […]
Read moreAugust 15, 2023 10:36 am
Rogers Corporation said on Monday that it had appointed Griffin Gappert as Vice President and Chief Technology Officer. Gappert will head Rogers’ global Research and Development organization and partner with business unit leaders in order to drive innovation and commercialization of next-gen material solutions, the company said. Gappert, who holds a PhD in Chemical Engineering […]
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