August 28, 2023 7:14 am
The Australian Dollar got a lift on Monday after China announced a stamp duty cut on stock trades “to invigorate the capital market and boost investor confidence.” Additional boost came on the back of a softer US Dollar, which pulled back from a 12-week high, after Federal Reserve Chair Jerome Powell did not rule out […]
Read moreAugust 25, 2023 12:35 pm
Cloud company Akamai Technologies Inc said on Thursday that it had acquired select enterprise customer contracts from StackPath. The announcement came after StackPath’s decision to discontinue its content delivery network operations. By acquiring nearly 100 enterprise customer contracts, Akamai Technologies said it expected the transaction to add about $20 million in revenue and to be […]
Read moreAugust 25, 2023 9:43 am
Teikoku Databank reported on Friday that China’s suspension of Japanese seafood imports after the wastewater release from the crippled Fukushima nuclear plant had affected over 700 Japanese food exporters. The market research firm noted that 727 Japan-based companies exported food products to China, or 8% of all Japanese business entities that export goods to China. […]
Read moreAugust 25, 2023 7:33 am
Canadian officials announced on Friday that the country would join as a third party in the dispute settlement between the United States and Mexico in regard to genetically modified corn in imported tortillas and dough. Last week, the United States escalated its objections to Mexico’s restrictions on genetically modified corn imports and requested a dispute […]
Read moreAugust 24, 2023 12:36 pm
ABC Technologies Holdings Inc, a manufacturer and supplier of highly engineered, technical plastics and lightweighting innovations to global automotive customers, said on Wednesday it had entered into an agreement to acquire Plastikon Industries’ automotive business in North America for $130 million. Expected to be renamed to Plastikon Automotive, the business was established more than 40 […]
Read moreAugust 24, 2023 9:50 am
South Korea’s LG Chem Ltd. said on Thursday that it was seeking to sell its information technology film business as it aimed to boost competitiveness. “We are pursuing plans to sell our film business as part of our effort to strengthen our business competitiveness focusing on the three new growth engines, but no specific decisions […]
Read moreAugust 24, 2023 8:09 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday, following a series of weak macro data from major economies and ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell tomorrow, which could offer interest rate guidance. The latest manufacturing purchasing managers’ index surveys indicated a rather shaken health of major […]
Read moreAugust 23, 2023 12:50 pm
VSBLTY Groupe Technologies Corp, an AI software provider of security and retail analytics technology, said on Wednesday it had agreed to acquire Shelf Nine, a leader in retail media networks. The two companies expect to close their definitive agreement within the upcoming 30 days as soon as their due diligence is completed. The agreement represents […]
Read moreAugust 23, 2023 9:28 am
EUR/CAD extended losses on Wednesday, further pulling back from recent 1-week high, after Germany’s private sector activity shrank at the sharpest rate since the aftermath of the COVID-19 outbreak in May 2020. The HCOB Germany Composite Purchasing Managers’ Index plummeted to a reading of 44.7 in August, or much more than expected, from 48.5 in […]
Read moreAugust 23, 2023 7:59 am
GBP/CAD edged higher in calm trade on Wednesday, while being not far from recently registered 1-month high, ahead of the release of key macro data prints out of both the UK and Canada. The S&P Global/CIPS UK Services Purchasing Managers’ Index probably decreased to 51.0 in August from a final reading of 51.5 in July. […]
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