August 11, 2023 9:42 am
The New Zealand Dollar retreated against its Canadian counterpart for a fourth straight trading day on Friday and was set for a 0.94% weekly loss, as market players were cautious ahead of the Reserve Bank of New Zealand’s policy meeting next week. The central bank is largely expected to leave the official cash rate without […]
Read moreAugust 11, 2023 7:42 am
The GBP/JPY currency pair traded in proximity to a fresh 92-month peak on Friday, after preliminary figures showed the British economy had expanded at a faster rate than anticipated in the second quarter. UK GDP grew 0.2% quarter-on-quarter in Q2, following a 0.1% increase in Q1 and exceeding market consensus of zero growth. Services sector […]
Read moreAugust 10, 2023 12:28 pm
POSaBIT Systems Corp, a financial technology firm that offers payment processing and point-of-sale systems to cash-only businesses, said on Wednesday that Chris Baker had been appointed as its next Chief Operations Officer with immediate effect. At present, Baker assumes the role of Chief Strategy Officer of POSaBIT Systems. In the new role, Baker will oversee […]
Read moreAugust 10, 2023 9:21 am
The South African Rand pulled back from a one-month low against the US Dollar on Thursday ahead of the key US CPI inflation report as well as South African mining and manufacturing data. Investor focus sets on the US July consumer inflation figures. Annual core CPI inflation is expected to slow to 4.7% from 4.8% […]
Read moreAugust 10, 2023 7:28 am
India’s Rupee was mostly steady near 23-week low against the US Dollar on Thursday, after the Reserve Bank of India kept its benchmark policy repo rate unchanged at 6.5% for a third meeting in a row in August, in line with market expectations. The RBI kept its policy stance of “withdrawal of accommodation” to ensure […]
Read moreAugust 9, 2023 12:34 pm
Futures on US West Texas Intermediate Crude Oil surged to fresh highs on Wednesday, as supply cuts from top oil producers countered China demand concerns and recent US oil stock build. Yesterday Saudi Arabia’s cabinet reaffirmed its support for precautionary measures by OPEC+ members to stabilize the market. Last week, Saudi Arabia extended its voluntary […]
Read moreAugust 9, 2023 9:44 am
Clearwater Paper Corp said on Tuesday that it had appointed Sherri Baker as its next Senior Vice President and Chief Financial Officer, effective August 14th. In her last two roles, Baker served as CFO at PGT Innovations and at Hyliion Holdings, both NYSE-listed companies. Between 2010 and 2019, Baker was part of Dean Foods’ team, […]
Read moreAugust 9, 2023 7:38 am
The Australian Dollar registered a fresh one-week high against the Japanese Yen on Wednesday as risk sentiment showed signs of improvement despite another set of weak macro data coming out of China. The National Bureau of Statistics reported on Wednesday that Chinese consumer prices had decreased by 0.3% year-on-year in July, marking the first drop […]
Read moreAugust 8, 2023 12:34 pm
According to a Reuters report, citing sources with knowledge of the matter, Carlyle Group has agreed to acquire a minority stake in Singapore-based Quest Global Services, which values the latter at $2 billion. The transaction is to be funded by equity from Carlyle’s Asia funds along with bank financing. Yet, the private equity firm did […]
Read moreAugust 8, 2023 9:40 am
Key points Aussie dollar weighed down by disappointing Chinese trade figures CAD traders now look to Canadian trade balance data for June The Australian Dollar lost ground against its Canadian counterpart on Tuesday, after the latest macro data out of China provided more evidence of a faltering economic recovery. Data by the General Administration of […]
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