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GBP/JPY steadies near 1-month low ahead of major cenbank meetings

September 18, 2023 7:51 am
The GBP/JPY currency pair was mostly steady on Monday, not far from last week’s 1-month low, ahead of major central bank meetings, including the Bank of England on Thursday and the Bank of Japan on Friday. The Bank of England is expected to deliver its 15th consecutive interest rate hike, which would bring borrowing costs […] Read more

Five Point Holdings appoints new Chief Financial Officer

September 16, 2023 2:08 pm
Five Point Holdings LLC, an owner and developer of large mixed-use planned communities in coastal California, said on Friday that it had appointed Kim Tobler as its next Chief Financial Officer, Treasurer and Vice President with immediate effect. Kim Tobler has more than 35 years of experience in tax, financial reporting and corporate finance, mostly […] Read more

CGI partners with Alimentation Couche-Tard

September 15, 2023 12:32 pm
CGI Inc on Friday announced a CAD 380 million strategic partnership with Alimentation Couche-Tard. Under the 10-year agreement, CGI is to provide a comprehensive range of IT services and infrastructure support for mission-critical business functions, including store manager experience, business process automation and innovation as well as data access and visibility. CGI will leverage its […] Read more

Copper Futures head for weekly gain on China demand optimism

September 15, 2023 9:21 am
Copper Futures touched highs unseen since September 5th on Friday and looked set to register a 2.6% weekly gain on optimism over China’s economic recovery. The latest set of macro data revealed industrial activity strength in the largest copper-importing nation worldwide, which could drive demand for the industrial metal. China’s industrial output expanded 4.5% year-on-year […] Read more

USD/INR inches up, upside seen limited by equity inflows and dollar offers

September 15, 2023 7:21 am
The USD/INR pair was slightly firmer on Friday, while trading not far from an all-time peak, but upside seemed limited by expected equity inflows and some dollar selling. The BSE Sensex and the Nifty 50 stock indices registered fresh highs on Friday, with traders expecting equity inflows of $500 million to $550 million. With the […] Read more

Pushpay appoints new Chief Financial Officer

September 14, 2023 4:41 pm
Pushpay, a payments and engagement solutions provider for mission-driven organizations, said on Thursday that it had appointed Burt Chao as its next Chief Financial Officer, based in Redmond. Chao joins Pushpay from Kaleris, a cloud-based supply chain management technology firm. Previously, he worked at Alvarez & Marsal, a leadership and operational execution partner to global […] Read more

Wheels Up names George Mattson as new CEO

September 14, 2023 1:38 pm
Wheels Up Experience Inc said on Thursday that it had appointed George Mattson as its next Chief Executive Officer. brings 25 years of aviation experience to the role, as a strategic advisor, financier, business owner and director. Mattson is a member of Delta’s board of directors. Between 2002 and 2012, he served as a partner […] Read more

USD/ZAR: Rand gives back gains ahead of local mining data

September 14, 2023 9:16 am
The South African Rand erased earlier daily gains against the US Dollar on Thursday ahead of South African mining production data release. Meanwhile, the US Dollar was mostly flat against major peers, after the latest CPI inflation report cemented expectations of a rate pause by the Federal Reserve at its September 19th-20th meeting. Rand traders […] Read more

EUR/JPY confined in narrow range ahead of ECB rate decision

September 14, 2023 7:44 am
The EUR/JPY pair remained stuck within a narrow range on Thursday, as market focus sets on the European Central Bank’s monetary policy decision due later in the day. Futures market is now pricing an almost 60% chance of a 10th consecutive rate hike by the ECB in September. A recent report by Reuters stated that […] Read more

ICE to work with Meridia to launch the ICE CoT service

September 13, 2023 3:24 pm
Intercontinental Exchange Inc (ICE), a global provider of data, technology and market infrastructure, said on Wednesday that ICE Benchmark Administration Limited (IBA) would collaborate with Meridia Land B.V. to launch the ICE Commodity Traceability service (ICE CoT). ICE CoT is a technology platform aimed to ensure the frictionless trade of physical cocoa and coffee by […] Read more