August 9, 2023 9:44 am
Clearwater Paper Corp said on Tuesday that it had appointed Sherri Baker as its next Senior Vice President and Chief Financial Officer, effective August 14th. In her last two roles, Baker served as CFO at PGT Innovations and at Hyliion Holdings, both NYSE-listed companies. Between 2010 and 2019, Baker was part of Dean Foods’ team, […]
Read moreAugust 9, 2023 7:38 am
The Australian Dollar registered a fresh one-week high against the Japanese Yen on Wednesday as risk sentiment showed signs of improvement despite another set of weak macro data coming out of China. The National Bureau of Statistics reported on Wednesday that Chinese consumer prices had decreased by 0.3% year-on-year in July, marking the first drop […]
Read moreAugust 8, 2023 12:34 pm
According to a Reuters report, citing sources with knowledge of the matter, Carlyle Group has agreed to acquire a minority stake in Singapore-based Quest Global Services, which values the latter at $2 billion. The transaction is to be funded by equity from Carlyle’s Asia funds along with bank financing. Yet, the private equity firm did […]
Read moreAugust 8, 2023 9:40 am
Key points Aussie dollar weighed down by disappointing Chinese trade figures CAD traders now look to Canadian trade balance data for June The Australian Dollar lost ground against its Canadian counterpart on Tuesday, after the latest macro data out of China provided more evidence of a faltering economic recovery. Data by the General Administration of […]
Read moreAugust 8, 2023 7:33 am
Key points EUR/AUD near highs unseen since May 2020 Aussie dollar weighed down by weak Chinese trade figures Germany’s annual inflation confirmed at 6.2% in July The Australian Dollar retreated to a fresh 39-month low against the Euro on Tuesday, weighed down by disappointing trade data out of China. Data by the General Administration of […]
Read moreAugust 7, 2023 12:12 pm
Futures on US West Texas Intermediate Crude Oil retreated on Monday following a sustained rally, as Saudi Arabia and Russia announced supply cuts extension through September. WTI Futures have already registered six consecutive weeks of gains, mostly due to supply tightening. Last week, top producer Saudi Arabia extended its voluntary oil production cut of 1 […]
Read moreAugust 7, 2023 8:47 am
The South African Rand extended last week’s 4.77% loss against the US Dollar on Monday, as the risk-sensitive currency may be affected by the release of key inflation figures out of major economies later in the week. The Rand’s retreat last week came amid a broad risk aversion stemming from the US credit rating downgrade. […]
Read moreAugust 7, 2023 7:15 am
India’s Rupee pulled back from recent 11-week low against the US Dollar and traded within a narrow range on Monday ahead of key US CPI inflation data and a rate decision by the Reserve Bank of India, both expected on Thursday. Last Friday, the Rupee gained 0.29% as the US Dollar softened and US Treasury […]
Read moreAugust 4, 2023 12:25 pm
EV maker Fisker Inc on Friday revised down its full-year production forecast, citing supply chain issues. The company now expects to assemble between 20,000 and 23,000 EVs this year, compared with a range of 32,000 to 36,000 vehicles it forecast in May. The electric SUV maker reported its first quarterly revenue from sales, as it […]
Read moreAugust 4, 2023 9:29 am
Key points USD/ZAR trades near recent 3-week high, set for best week since April 2022 Rand pressured amid risk-off mood US NFP data in focus for more clues over labor market conditions The South African Rand was mostly steady against the US Dollar on Friday. However, the exotic currency was heading for its largest weekly […]
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