December 19, 2024 11:21 am
The USD/SGD currency pair traded in proximity to a fresh 7 1/2-month high of 1.3634 on Thursday, after the Federal Reserve signaled fewer rate cuts in 2025 due to robust GDP growth and persistent inflation. The central bank’s dot plot projections showed just two interest rate cuts next year, totaling 50 basis points. That compares […]
Read moreDecember 19, 2024 9:32 am
Spot Gold recouped a part of the loss from the prior trading day on Thursday, with a likely technical correction being underway. The 4-hour RSI indicated oversold conditions for the precious metal in late Wednesday trade. The yellow metal lost over 2% yesterday, plunging as low as $2,583.91 per troy ounce, after the Federal Reserve […]
Read moreDecember 18, 2024 12:10 pm
The EUR/USD currency pair remained confined in a narrow trading range on Wednesday ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to cut its federal funds rate target range by 25 basis points to 4.25%-4.50% later today. Still, investor focus will be on the extent of rate […]
Read moreDecember 18, 2024 9:37 am
The USD/MYR currency pair was mostly flat on Wednesday, holding not far from a fresh 1-month high of 4.4730, ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to cut its federal funds rate target range by 25 basis points to 4.25%-4.50% later today. Still, investor focus will […]
Read moreDecember 18, 2024 8:21 am
Spot Gold was holding within a tight trading range on Wednesday ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to cut its federal funds rate target range by 25 basis points to 4.25%-4.50% later today. Fed Chair Jerome Powell said last month that strong US economic growth […]
Read moreDecember 17, 2024 9:09 am
Expro Group Holdings (NYSE: XPRO) said on Monday that it had secured a contract valued at more than $10 million to provide a well decommissioning solution. The solution combines subsea safety systems and surface processing design to allow for both safe entry to the well and effective well fluids management. “Having been involved in the […]
Read moreDecember 17, 2024 7:56 am
Douglas Emmett Inc (NYSE: DEI), a fully integrated, self-administered and self-managed real estate investment trust, said on Monday that its Board of Directors had authorized a quarterly cash dividend of $0.19 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on January 15th […]
Read moreDecember 16, 2024 9:32 am
Annual food inflation in New Zealand has picked up to 1.3% in November from 1.2% in October, data by Statistics New Zealand showed. It has pointed to the fastest increase in food prices since February. The acceleration was mostly driven by higher cost of non-alcoholic beverages (up 4.4% YoY), restaurant meals and ready-to-eat food (up […]
Read moreDecember 16, 2024 7:45 am
Ingredion Inc (NYSE: INGR), a global ingredient solutions provider serving clients in nearly 120 countries, said on Friday that its Board of Directors had authorized a quarterly cash dividend of $0.80 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on January 21st […]
Read moreDecember 15, 2024 12:35 pm
Foreign direct investment in China decreased 27.9% year-on-year to CNY 749.7 billion in the period January to November 2024, data by the Ministry of Commerce of the People’s Republic of China showed. That compares with a 29.8% YoY slump in the first ten months of the year. 82.53 billion yuan were invested in the high-tech […]
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