August 31, 2023 7:23 am
The Euro weakened against the New Zealand Dollar on Thursday, after data showed French consumer price inflation had accelerated in August and German retail sales had unexpectedly dropped in July. France’s annual CPI inflation came in at 4.8% in August, picking up from 4.3% in July and also exceeding market consensus of 4.6%. The inflation […]
Read moreAugust 30, 2023 2:57 pm
1847 Holdings LLC said on Wednesday that it had signed a definitive agreement to acquire a premier consumer products firm in the United States (the “Target”). The acquisition is to be financed without the issuance of any common stock or dilutive equity, 1847 Holdings said. The above mentioned company generated unaudited revenue of $20 million […]
Read moreAugust 30, 2023 12:35 pm
Aramark, a leading company in food, facilities management and uniforms, said on Wednesday that it had appointed Chris Synek as its Chief Operating Officer, effective September 11th. In this newly created COO role, Synek will head Sales, Marketing, Supply Chain, Logistics, Service and Plant Operations and will report to Kim Scott, Aramark’s President and Chief […]
Read moreAugust 30, 2023 9:58 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior four trading days on Wednesday, as a substantial drop in US crude stocks last week indicated firm demand. The most recent data by the American Petroleum Institute showed crude oil inventories had decreased by 11.486 million barrels in the week ending August […]
Read moreAugust 30, 2023 7:28 am
The Australian Dollar pared earlier losses against its Canadian counterpart on Wednesday, which came after data showed Australian inflation had slowed to a 17-month trough in July. Australia’s annual CPI inflation stood at 4.9% in July, easing from 5.4% in June. A consensus of analyst estimates had pointed to a lesser drop – to 5.2%. […]
Read moreAugust 29, 2023 12:36 pm
TSR Inc, which provides information technology consulting and recruiting services, said on Monday that its Board of Directors had embarked on a process to identify and evaluate potential strategic alternatives aimed to maximize shareholder value. The company will consider a variety of options, including divestitures, acquisitions or a special dividend, it said. Focus Investment Banking […]
Read moreAugust 29, 2023 9:32 am
The South African Rand advanced against the US Dollar on Tuesday in an attempt to extend last week’s 1.9% gain, as market players looked to South African PPI and trade balance reports along with international data in what appears to be a busy week. Statistics South Africa is due to release the official Producer Price […]
Read moreAugust 29, 2023 7:36 am
India’s Rupee traded within a relatively narrow range against a softer US Dollar on Tuesday and as US Treasury yields dropped. The USD/INR pair continued to hover above recent three-week low of 82.3775, while dollar demand from corporate entities heightened. “The big corporates (who are importers) are quite active on the dips (on USD/INR), which, […]
Read moreAugust 28, 2023 12:27 pm
Mortgage lending company Guild Mortgage on Monday announced the acquisition of Illinois-based First Centennial Mortgage, a privately held residential mortgage lender with branches mostly located in the Midwest. However, the financial details of the acquisition remained undisclosed. First Centennial Mortgage was established by brothers Steven and David McCormick in 1995. The company has recently been […]
Read moreAugust 28, 2023 9:51 am
Futures on US West Texas Intermediate Crude Oil edged higher on Monday after China announced measures to prop up stuttering economic recovery. The country halved stamp duty on stock trades effective August 28th, which provided certain support to oil prices early during Monday’s session. However, “after last week’s modest (Chinese central bank interest) rate cut, […]
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