September 27, 2023 12:31 pm
JPMorgan’s UK retail bank Chase has decided to prohibit crypto transactions conducted by clients from October 16th amid an increase in cases of fraud and scams, the lender announced this week. “We’ve seen an increase in the number of crypto scams targeting UK consumers, so we have taken the decision to prevent the purchase of […]
Read moreSeptember 27, 2023 10:24 am
According to a report by Reuters, citing a statement by Canada’s transport minister, the government is to review a proposed merger between US grains merchant Bunge and Glencore-backed Viterra. The country’s transport ministry will initiate a public interest assessment of the planned merger, which needs to be completed by June 2nd 2024, the minister said. […]
Read moreSeptember 27, 2023 7:41 am
AUD/USD plunged to a three-week low on Wednesday, as the prospects of higher-for-longer US interest rates pushed bond yields up to multi-year highs and also underpinned the greenback. The US Dollar Index scaled a fresh 10-month peak of 106.321 earlier on Wednesday and was last little changed at 106.203. The Federal Reserve left the target […]
Read moreSeptember 27, 2023 6:10 am
Azenta Inc said on Tuesday that it had appointed Herman Cueto as its next Executive Vice President and Chief Financial Officer, effective October 16th. He will succeed Lindon Robertson, who is to retire and will remain as an advisor in order to facilitate a seamless transition. Most recently, Cueto was Senior Vice President of Finance […]
Read moreSeptember 26, 2023 12:05 pm
Air Canada has signed an agreement with Boeing Co to purchase 18 widebody 787 Dreamliner aircraft, as the air carrier seeks to deploy fuel-efficient jets amid robust travel demand. “The 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions,” Air Canada’s Chief Executive Officer […]
Read moreSeptember 26, 2023 10:23 am
The South African Rand retreated sharply against a stronger US Dollar on Tuesday on prospects that US interest rates may remain elevated for longer. The benchmark 10-year US Treasury yield rose as high as 4.56% earlier on Tuesday, a level not seen since October 2007. The US Dollar Index was last inching up 0.05% on […]
Read moreSeptember 26, 2023 8:01 am
The USD/INR currency pair firmed on Tuesday, as a surge in US Treasury yields underpinned the US Dollar. The Rupee retreated alongside other Asian currencies, with the South Korean Won leading losses. A combination of resilient macro data, hawkish comments from Federal Reserve officials and a budget deficit to be funded through borrowing pushed the […]
Read moreSeptember 26, 2023 6:16 am
Standard Lithium Ltd, a near-commercial lithium company, said on Monday that it had appointed Salah Gamoudi as its next Chief Financial Officer, effective October 1st. As CFO, Gamoudi will navigate the firm’s financial strategy and lead its investor relations and market-facing activities, while focusing on the expansion of shareholder outreach, communication and value creation. Most […]
Read moreSeptember 25, 2023 9:55 am
Ukraine’s total grain exports stood at 1.57 million metric tons between September 1st and September 24th 2023, the country’s agriculture ministry said on Monday. That compared with 3.21 million metric tons exported in the respective period of 2022. Yet, the ministry did not explain what caused such a sharp drop. The country has exported a […]
Read moreSeptember 25, 2023 8:02 am
Having retreated more than 0.8% last week following policy decisions by the Bank of England and the Bank of Japan, the GBP/JPY currency pair was mostly steady on Monday, but not far from recent 1 1/2-month trough. The Bank of England left its benchmark interest rate without change at 5.25% at its September meeting, with […]
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