October 11, 2024 9:21 am
BGC Group Inc (NASDAQ: BGC), a global brokerage and financial technology company, said on Thursday that it had acquired Sage Energy Partners LP. Based in Houston, Texas, Sage is focused on refined products, biofuels, ethanol, carbon emissions, renewables, NGLs and petrochemicals brokerage services. The acquisition is to expand BGC’s energy brokerage services in the United […]
Read moreOctober 11, 2024 7:17 am
Spot Gold extended the gains from the prior trading session on Friday, after fresh macro data cemented expectations of a Federal Reserve rate cut in November. Yesterday an official report showed that annual headline inflation in the US had eased for a sixth straight month, to 2.4% in September. It has been the lowest inflation […]
Read moreOctober 10, 2024 10:48 am
Mining production in South Africa has expanded 0.3% year-on-year in August, while rebounding after a 1% drop in July, data by Statistics South Africa showed. It has been the first expansion in industrial activity in three months. Growth was mostly driven by higher production of chromium ore (+24.8% YoY), manganese ore (+16% YoY) and PGMs […]
Read moreOctober 10, 2024 9:11 am
Trane Technologies (NYSE: TT), a global climate innovator, said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.84 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 31st to shareholders of record as of […]
Read moreOctober 10, 2024 7:04 am
Norway’s annual consumer price inflation has picked up to 3% in September from 2.6% in August, the latest data by Statistics Norway showed. Market consensus had pointed to a faster acceleration – to 3.2%. September’s rate has been the highest since May, as cost of housing and utilities surged 5.1% year-on-year, picking up from 2.3% […]
Read moreOctober 9, 2024 9:53 am
United Parks & Resorts Inc (NYSE: PRKS) said on Tuesday that it had appointed James “Jim” Mikolaichik as its next Chief Financial Officer and Treasurer, effective November 11th. Mikolaichik has more than three decades of global financial and strategic planning experience. Most recently, Mikolaichik served as CFO at MyEyeDr, and, before that, he served as […]
Read moreOctober 9, 2024 7:03 am
The New Zealand Dollar plunged to a fresh seven-week low against its US counterpart on Wednesday, after the Reserve Bank of New Zealand cut its official cash rate by 50 basis points to 4.75% at its October policy meeting, in line with market consensus. The RBNZ said in its statement that the decision aimed “to […]
Read moreOctober 8, 2024 11:41 am
The USD/CHF currency pair edged higher on Tuesday, as investors continued assessing the outlook for US interest rates in the wake of a strong employment report that drastically affected monetary easing expectations. Markets are now pricing in about an 86% chance of a 25 basis point rate cut at the Federal Reserve’s policy meeting in […]
Read moreOctober 8, 2024 10:37 am
The NZD/CAD currency pair was attempting a rebound from a one-month low of 0.8323 on Tuesday ahead of the outcome of the RBNZ’s policy meeting on October 9th and Canadian trade balance data. The Reserve Bank of New Zealand is expected to reduce its official cash rate by 50 basis points to 4.75%. It would […]
Read moreOctober 8, 2024 8:42 am
The NZD/USD currency pair hovered just above a fresh one-month low of 0.6106 on Tuesday ahead of the outcome of the RBNZ’s policy meeting on October 9th. The Reserve Bank of New Zealand is expected to reduce its official cash rate by 50 basis points to 4.75%. It would extend the 25 basis point rate […]
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