May 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 […]
Read moreApril 30, 2023 12:18 pm
Norilsk Nickel’s board of directors has recommended no dividend payments on its full-year 2022 results for the first time since 2009, as it cited “negative geopolitics.” Norilsk Nickel’s board also took into account factors such as an expected raise in the tax burden and the cost of servicing the firm’s debt portfolio. The company highlighted […]
Read moreApril 28, 2023 10:04 am
EDF said on Friday its like-for-like sales had risen 34.6% year-on-year to EUR 47.8 billion in the first quarter supported by higher electricity and gas prices. Still, the company reported a drop in nuclear production as a result of reactor outages and strikes across France. EDF’s nuclear output in France decreased to 85.2 terawatt-hours in […]
Read moreApril 27, 2023 10:29 am
Ireland-based international aircraft leasing firm Avolon said on Thursday it would order 40 Boeing 737 MAX jets valued at more than $4 billion at current list price. The aircraft are expected to be delivered between 2027 and 2030, the company said. This order is to boost the overall size of Avolon’s owned, managed and committed […]
Read moreApril 27, 2023 8:25 am
Corza Medical said on Wednesday that it had entered into a definitive agreement with a subsidiary of Takeda Pharmaceuticals Company to buy the TachoSil manufacturing operations in Linz, Austria. Corza Medical had already acquired the commercial product rights for TachoSil in January 2021. “In the last two years, we’ve significantly expanded the number of surgeons […]
Read moreApril 26, 2023 10:02 am
Rockwell Automation Inc, a leading company worldwide specialized in industrial automation and digital transformation, said on Tuesday that it had signed a Memorandum of Understanding to establish a partnership with Seoul-based global robot manufacturer Doosan Robotics and its parent firm Doosan Corporation. The signing ceremony, led by South Korea’s Minister of Trade, Industry and Energy […]
Read moreApril 26, 2023 7:49 am
IBM’s board of directors on Tuesday announced an increase in the regular quarterly cash dividend to $1.66 per common share, which is to be paid on June 10th, to stockholders of record as of May 10th 2023. “Clients and partners around the world are turning to IBM’s hybrid cloud and AI technologies and services as […]
Read moreApril 25, 2023 8:28 am
EUR/USD traded in proximity to a fresh one-week high on Tuesday on expectations of a 50 basis point interest rate hike by the European Central Bank at its upcoming policy meeting next week. ECB board member Isabel Schnabel said in an interview with Politico that a 50 basis point rate hike was not off the […]
Read moreApril 24, 2023 10:48 am
Citigroup’s wealth revenue in Asia went up 20% year-on-year in the first three months of 2023, underpinned by higher investment, insurance revenue and a surge in new private banking customers. According to a report by Reuters, citing a Citigroup spokesperson, the number of new clients who joined Citi’s Private Bank in Asia has increased twofold […]
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