May 9, 2023 8:34 am
GBP/USD traded little changed not far from fresh one-year high on Tuesday, with Sterling underpinned by expectations the Bank of England will hike interest rates at its policy meeting on Thursday. The central bank is expected to lift borrowing costs to 4.5%, as it battles the highest inflation of any major economy. “The BoE has […]
Read moreMay 8, 2023 12:06 pm
Supremex Inc, a North American manufacturer and marketer of envelopes and a provider of paper-based packaging solutions, said on Monday it had acquired the assets of Graf-Pak Inc. The deal was valued at $6.0 million, on a cash-free and debt-free basis. Established in 1995 and currently employing over 20 people, Graf-Pak has a facility located […]
Read moreMay 5, 2023 12:33 pm
Alternative asset manager Great Elm Group Inc said on Friday that Peter Reed had stepped down as Chief Executive Officer with immediate effect. The company’s board of directors has unanimously appointed Jason Reese to the role of CEO in addition to his existing role of Executive Chairman of the Board. Having more than 30 years […]
Read moreMay 5, 2023 8:32 am
Futures on US West Texas Intermediate Crude Oil surged more than 1% on Friday, but were still heading for their third consecutive weekly loss on concerns over a weakening US economy and slowing China demand. WTI Crude Oil Futures have retreated 9.39% so far this week, following another 1.20% loss in the prior week. Brent […]
Read moreMay 4, 2023 10:26 am
Bright Health Group Inc said on Wednesday that it had appointed Jay Matushak as its next Chief Financial Officer, effective May 12th. He is to succeed Cathy Smith, who is leaving the company to pursue a new opportunity. Having deep expertise in the healthcare business, Jay Matushak joined Bright Health Group in 2021. At present, […]
Read moreMay 4, 2023 8:39 am
Equinor on Thursday reported first-quarter earnings above market expectations. Adjusted earnings before interest and tax came in at $12 billion in the January-March period compared with a profit of $18 billion a year ago. The median analyst estimate had pointed to earnings of $11.2 billion. “Equinor delivered strong earnings and cash flow across the business […]
Read moreMay 3, 2023 9:48 am
Galapagos NV said on Tuesday that Bart Filius, its President, Chief Operating Officer and Chief Financial Officer, would part ways with the company. Filius joined Galapagos in 2014 as Chief Financial Officer and was appointed as Chief Operating Officer in 2017. And, in 2021, he became President of the firm. “On behalf of the Board […]
Read moreMay 3, 2023 8:32 am
Stellantis on Wednesday reported a 14% YoY revenue growth during the first quarter, as shipments increased due to an improvement in semiconductor supply. “A better fulfilment of semiconductor orders is slowly but surely improving our capacity to produce vehicles,” Stellantis’ Chief Financial Officer Richard Palmer was quoted as saying by Reuters. The auto maker was […]
Read moreMay 2, 2023 8:04 am
AUD/USD surged more than 1% on Tuesday after the Reserve Bank of Australia delivered an unexpected rate hike, which brought borrowing costs to their highest level since April 2012. The RBA raised its cash rate by 25 basis points to 3.85% at its May policy meeting earlier on Tuesday, while confounding market expectations of an […]
Read moreMay 1, 2023 11:56 am
Global provider of payment technology and software solutions, Global Payments Inc, said on Monday that Jeffrey Sloan would step down from the roles of Chief Executive Officer and a member of the company’s board, effective June 1st. He is to be succeeded by Cameron Bready, who at present serves as Global Payments Inc’s President and […]
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