September 13, 2023 12:49 pm
The oil production cut extension by Saudi Arabia and Russia to the end of the year will lead to a considerable market shortfall through the fourth quarter, the International Energy Agency (IEA) said in its monthly report. Both WTI Crude Oil and Brent Oil Futures registered highs unseen since November 2022 this week, after Saudi […]
Read moreSeptember 13, 2023 9:28 am
The North West Company Inc on Tuesday raised its quarterly dividend to $0.39, or an increase of $0.01 (2.6%) per share, to shareholders of record on September 29th. The dividend will be paid on October 13th, the company said. Consolidated sales went up 6.8% year-on-year to $618.1 million in the second quarter ending July 31st, […]
Read moreSeptember 13, 2023 7:15 am
The USD/INR pair was a notch firmer on Wednesday, as market players adjusted positions ahead of key US CPI inflation report, which may provide clues over the Federal Reserve’s future interest rate trajectory. As of 7:10 GMT on Wednesday the USD/INR pair was edging up 0.11% to trade at 82.9320. According to Anand James, chief […]
Read moreSeptember 12, 2023 2:15 pm
Water Technologies International Inc said on Tuesday that it had agreed to acquire premium Tequila brand Dios Azul. Dios Azul Tequila is made in Jalisco, Mexico, and imported to California. Tequila, which is produced from the juice of the blue agave cactus grown in the Highlands of Perto de Hierro, is Jalisco’s best-known product. “I […]
Read moreSeptember 12, 2023 11:31 am
BMW announced on Monday plans to invest as much as GBP 600 million ($750 million) in its UK plants, as it aims to make its Mini brand fully-electric by the end of the decade. From 2026, the luxury auto maker will assemble 2 electric models at its Mini facility in Oxford – the Mini Cooper […]
Read moreSeptember 12, 2023 9:38 am
Having touched a 2 1/2-week low on Monday, the AUD/JPY pair was a notch firmer on Tuesday, as the Yen gave back some of its recent gains against major peers. Yesterday the Japanese currency advanced on remarks by Bank of Japan Governor Kazuo Ueda that hinted at a possible end to its era of negative […]
Read moreSeptember 12, 2023 7:33 am
The British Pound steadied against the Canadian Dollar on Tuesday, paring earlier gains in the session, after data showed UK wages had risen at a record rate once again in July, mounting pressure on the Bank of England to continue its policy tightening cycle. Regular pay excluding bonuses in the United Kingdom surged 7.8% year-on-year […]
Read moreSeptember 11, 2023 11:34 am
Copper Futures surged more than 1% on Monday, underpinned by an upbeat set of macro data coming out of China, the largest copper importer worldwide. Data by the National Bureau of Statistics of China showed over the weekend that the country had registered positive inflation in August, following the first deflation reading in more than […]
Read moreSeptember 11, 2023 9:18 am
The South African Rand gained more than 1% against a softer US Dollar on Monday ahead of South African manufacturing production figures that could provide further clues over the nation’s economic health. Meanwhile, the US Dollar weakened against major peers at the start of the week ahead of US CPI inflation report for August due […]
Read moreSeptember 11, 2023 7:35 am
The GBP/JPY currency pair registered a sizable retreat on Monday, after Bank of Japan Governor Kazuo Ueda said the central bank could discontinue its policy of negative interest rates when the 2% inflation target is achieved. “Once we’re convinced Japan will see sustained rises in inflation accompanied by wage growth, there are various options we […]
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