October 2, 2023 10:44 am
Spanish lender BBVA said on Monday that it would begin a EUR 1 billion share buyback programme. Up to 564.6 million outstanding shares will be bought on the stock market by September 2024, BBVA said in a stock market filing. Yet, the programme may be suspended at any time, the bank said. The share repurchase […]
Read moreOctober 2, 2023 8:40 am
Euro Area’s Manufacturing Purchasing Managers’ Index (PMI) was confirmed at a reading of 43.4 in September, data by Markit Economics showed on Monday, slightly lower than August’s level of 43.5. The figure pointed to a 15th straight month of contraction in the region’s manufacturing sector. New order inflows decreased at one of the sharpest rates […]
Read moreOctober 2, 2023 7:39 am
South Korea has recorded a trade surplus of $3.7 billion in September, compared with a deficit of $3.83 billion in the same month of 2022. The preliminary figure also compares with a consensus of estimates of a $1.75 billion surplus. September has been the fourth consecutive month of trade surplus, with imports shrinking at a […]
Read moreSeptember 30, 2023 2:44 pm
The Halifax Group, a middle market private equity firm, said on Friday it had agreed to acquire the Worldwide Home Care division of Sodexo (“the Company”), including its home care subsidiaries in the US, the UK, Ireland, Brazil, France, Denmark, Norway and Sweden. Yet, the financial details of the acquisition remained undisclosed. Based in Irvine, […]
Read moreSeptember 29, 2023 9:34 am
The annual inflation rate in the Euro Area has decelerated to 4.3% in September, preliminary data by Eurostat showed on Friday, from 5.2% in August. It has been the lowest inflation rate since October 2021 and it also came below the market consensus of 4.5%. Prices rose at a slower rate for services (4.7%), non-energy […]
Read moreSeptember 29, 2023 7:40 am
The British Pound extended a pullback from a 6 1/2-month trough against the Canadian Dollar on Friday, after data showed United Kingdom’s second-quarter GDP growth was confirmed. The UK economy grew at a final quarterly rate of 0.2% in Q2, after a revised up 0.3% expansion in the first quarter. Household consumption grew 0.5% quarter-on-quarter, […]
Read moreSeptember 29, 2023 6:29 am
Albemarle Corporation, a provider of essential elements for mobility, energy, connectivity and health, said this week it had signed agreements with Caterpillar Inc to collaborate on solutions to support the full circular battery value chain and sustainable mining operations. The collaboration is expected to help Albemarle establish Kings Mountain N.C. as the first-ever zero-emissions lithium […]
Read moreSeptember 28, 2023 10:28 am
Futures on US West Texas Intermediate Crude Oil touched highs unseen since August 2022 on Thursday, after a sharp drop in US crude inventories additionally amplified concerns over global supply tightness stemming from OPEC+ production cuts. Data by the US Energy Information Administration showed on Wednesday that crude oil stocks had decreased by 2.17 million […]
Read moreSeptember 28, 2023 8:08 am
The AUD/JPY pair was mostly flat on Thursday, while trading within a narrow range, with the Aussie Dollar shrugging off the latest retail sales data out of Australia. Retail sales grew 0.2% month-over-month in August, preliminary data showed earlier on Thursday, which compared with market expectations of a 0.3% increase. The modest growth rate indicated […]
Read moreSeptember 28, 2023 6:19 am
Nucor Corporation said on Wednesday that it would collaborate with Helion, a fusion power company, to develop a 500 MW fusion power plant. The project is expected to provide baseload zero-carbon electricity from fusion directly to a Nucor steel-making facility. Nucor Corp said it would directly invest $35 million in Helion to speed up fusion […]
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