October 5, 2023 7:13 am
Germany’s trade surplus has widened to EUR 16.6 billion in August from EUR 15.9 billion in July, according to the latest data by the Federal Statistical Office. Analysts on average had expected a trade surplus of EUR 15 billion. Total exports shrank 1.2% month-over-month in August, or much faster than expected, to EUR 127.9 billion […]
Read moreOctober 4, 2023 4:45 pm
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Wednesday that it had acquired Louisville, Kentucky-based WLA Insurance LLC (“Altman Insurance Services”). However, the company did not disclose any financial details. Altman Insurance Services provides employee benefits, brokerage and consulting services to small and large group businesses […]
Read moreOctober 4, 2023 12:01 pm
According to a report by the Kommersant daily, citing unnamed sources, Russia’s government may mitigate a ban on diesel exports in the upcoming days. The media said that the ban might be lifted only on pipeline exports of diesel, while volumes might be subject to quotas to avoid a spike in wholesale prices. On the […]
Read moreOctober 4, 2023 9:00 am
Private sector activity in the Euro Area registered another moderate contraction at the end of the third quarter, data by Markit Economics showed on Wednesday. Euro Area’s Composite Purchasing Managers’ Index (PMI) was reported at a final 47.2 in September, up from a preliminary estimate of 47.1 and improving from August’s 3-year low of 46.7. […]
Read moreOctober 4, 2023 7:27 am
The Reserve Bank of New Zealand (RBNZ) left its official cash rate (OCR) without change at 5.5% at its October policy meeting, in line with market expectations. This way, the central bank extended the rate pause for a third consecutive meeting. Policy makers continued to uphold the view that monetary conditions were restraining spending and […]
Read moreOctober 3, 2023 2:52 pm
MarketAxess Holdings Inc, an operator of an electronic trading platform for fixed-income securities, said on Tuesday that it had enhanced its Open Trading solution for local currency bonds. The first tranche of local currency markets, which will now be supported, include Poland, Czech Republic, Hungary and South Africa. The launch of Open Trading for emerging […]
Read moreOctober 3, 2023 11:42 am
ASSA ABLOY said on Tuesday that it had acquired Inovadoor Portas Industriais Ltda, a Brazil-based manufacturer of sectional and high-speed doors. Inovadoor Portas Industriais was established in 1997 and it currently employs about 100 people. The firm’s sales equaled about BRL 52 million (nearly SEK 100 million) for the full year 2022. The acquisition will […]
Read moreOctober 3, 2023 9:00 am
Turkey’s annual inflation rate has accelerated for a third successive month in September, to 61.5%, data by the Turkish Statistical Institute showed on Tuesday. It has been the highest inflation rate since December 2022, mostly driven by increases in tax rates and the Lira devaluation. The Turkish currency plummeted to a fresh all-time low of […]
Read moreOctober 3, 2023 7:17 am
The Reserve Bank of Australia left its cash rate without change at 4.1% at the first policy meeting under new Governor, Michele Bullock. The central bank extended the rate pause for the fourth consecutive month in a move that came in line with market consensus. The RBA Board again said inflation had already peaked, but […]
Read moreOctober 2, 2023 1:03 pm
Olin Corp, a global manufacturer and distributor of chemical products and a leading manufacturer of ammunition in the United States, said on Monday that it had finalized the previously announced acquisition of White Flyer Targets. The transaction was funded with cash on hand, Olin said. White Flyer will be combined with Olin Corp’s Winchester Ammunition […]
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