October 4, 2022 11:00 am
Nexstar Media Group Inc (NXST) said on Monday that it had completed its previously announced acquisition of a 75% stake in the CW Network LLC from co-owners Warner Bros. Discovery (WBD) and Paramount Global (PARA). The latter will each retain a 12.5% stake in the CW. Nexstar Media also said that it had appointed Dennis […]
Read moreOctober 4, 2022 8:52 am
The Aussie Dollar pared earlier losses against its US counterpart on Tuesday, which it recorded after the Reserve Bank of Australia surprised market players with a smaller-than-anticipated interest rate hike. The RBA raised its cash rate by 25 basis points to 2.60% at its October policy meeting earlier on Tuesday, while confounding market expectations of […]
Read moreOctober 3, 2022 10:57 am
Faurecia S.E. (EO) said on Monday that it had received EUR 213 million of public support from the European Commission for its hydrogen technology project. The French company intends to offer affordable clean mobility solutions by developing a new generation of hydrogen tanks by the end of 2027. It said production was expected to begin […]
Read moreOctober 3, 2022 8:21 am
EUR/USD came off recent one-week highs on Monday, as expectations for another sizable interest rate hike by the European Central Bank later in October reinforced concerns the Eurozone economy could enter a recessionary period. Last week, the annual CPI inflation in the Euro Area was reported to have accelerated to 10.0% in September from 9.1% […]
Read moreSeptember 30, 2022 11:33 am
Equinor said on Friday that it had appointed Torgrim Reitan as its next Chief Financial Officer and Executive Vice President, effective October 6th. Reitan is to succeed Ulrica Fearn, who will part ways with the company to pursue a CFO opportunity elsewhere. Torgrim Reitan, who joined Equinor’s team in 1995, comes from the role of […]
Read moreSeptember 30, 2022 8:48 am
Futures on US West Texas Intermediate Crude Oil were set to register their first gain in five weeks, as the US Dollar eased from 20-year highs and there is a possibility that OPEC+ members may agree to reduce oil production at their meeting on October 5th. “A deteriorating crude demand outlook won’t allow oil to […]
Read moreSeptember 29, 2022 10:15 am
Azelis Group, an innovation service provider in the specialty chemicals and food ingredients industry, said on Thursday that it had agreed to acquire 100% of the shares of Eurotrading S.p.A. The deal is expected to bolster Azelis’ presence in Italian market for personal care and in the broader life sciences segment. Eurotrading’s product portfolio in […]
Read moreSeptember 29, 2022 8:16 am
Investment management company M&G announced on Thursday that it had appointed Andrea Rossi, a former head of AXA Investment Managers, as its next Chief Executive Officer. Prior to the appointment, Rossi was senior adviser to Boston Consulting Group. Andrea Rossi, who will earn a base salary of GBP 875,000, is to replace John Foley, who […]
Read moreSeptember 28, 2022 9:11 am
EUR/USD was trading near its weakest level since June 2002 on Wednesday, as rising interest rates globally reinforced recession concerns, propelling the safe haven US Dollar to a new 20-year peak against peers. The yield on benchmark US 10-year Treasuries exceeded 4% for the first time since 2010, while 2-year yield was at 4.28%. “It’s […]
Read moreSeptember 28, 2022 7:24 am
Saudi Data and Artificial Intelligence Authority (SDAIA) and IBM said on Tuesday they had inked a strategic agreement to drive adoption of artificial intelligence in the carbon capture and industrial domains across Saudi Arabia. The first use case under the agreement will be in collaboration with the Ministry of Energy in Saudi Arabia, the entities […]
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