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USD/CHF scales 1-week peak ahead of US CPI data, SNB meeting

December 11, 2024 8:07 am
The USD/CHF currency pair extended the gain from the prior trading day on Wednesday ahead of the essential US CPI inflation data that could provide further clues over the Federal Reserve’s monetary easing path and ahead of the outcome of the Swiss National Bank’s policy meeting. Annual headline consumer inflation in the US probably picked […] Read more

EUR/SEK gains with focus on ECB policy decision

December 10, 2024 11:39 am
The EUR/SEK currency pair edged higher on Tuesday, while reversing a loss from the prior trading day, following Swedish GDP data and as focus sets on the outcome of the European Central Bank’s policy meeting on Thursday. The ECB is largely expected to lower its main refinancing operations rate by 25 basis points to 3.15% […] Read more

EUR/NOK eases from 1-month high after inflation data

December 10, 2024 9:41 am
The EUR/NOK currency pair pulled back from a one-month high of 11.7956 on Tuesday, as investors weighed the latest inflation figures from Germany and Norway and as the European Central Bank is expected to set monetary policy later this week. Final data showed on Tuesday that annual consumer price inflation in Germany had been confirmed […] Read more

EUR/CAD scales 1-month high ahead of BoC, ECB meetings

December 10, 2024 7:48 am
The EUR/CAD currency pair scaled a fresh one-month high of 1.4973 on Tuesday, after German inflation data and ahead of the outcome of the Bank of Canada’s and the European Central Bank’s policy meetings this week. Final data showed on Tuesday that annual consumer price inflation in Germany had been confirmed at a four-month high […] Read more

MaxCyte Inc slashes workforce by 15%, ups revenue forecast

December 9, 2024 10:05 am
MaxCyte Inc (NASDAQ: MXCT) said on Monday that it had reduced 15% of its workforce, which affected 21 jobs and saved nearly $5.8 million in 2025. As a result, its staff will be brought to 116 by the end of 2024, it said. The company also revised up its full-year 2024 core revenue forecast, expecting […] Read more

Malaysia unemployment rate remains at 3 1/2-year low

December 9, 2024 8:07 am
The rate of unemployment in Malaysia has decreased to 3.2% in October from 3.4% in the same month a year earlier, the latest data by the Department of Statistics showed. It still remained the lowest jobless rate since January 2020, while matching the rates in August and September. The number of unemployed persons dropped 3.4% […] Read more

Profound Medical announces pricing of $35 mln public offering

December 8, 2024 1:26 pm
Profound Medical Corp (NASDAQ: PROF) announced on Friday the pricing of an underwritten public offering of 4,666,700 common shares at $7.5 per share at the total value of about $35 million. The underwriters have a 30-day option to buy up to additional 700,005 common shares at the public offering price, the company said. The offering […] Read more

AES Corp increases quarterly dividend to $0.17595

December 8, 2024 10:24 am
AES Corp (NYSE: AES) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $0.17595 per share of common stock. The latter represents an increase of 2.00% compared to the previous quarterly dividend of $0.1725 per share. The dividend will be paid on February 14th 2025 to shareholders of record […] Read more

Bank of Marin Bancorp CFO to retire in January

December 7, 2024 2:55 pm
Bank of Marin Bancorp (NASDAQ: BMRC) said on Friday that Tani Girton, its Executive Vice President, Chief Financial Officer and Principal Accounting Officer, would retire from the company, effective January 31st 2025. Girton, who joined Bank of Marin Bancorp in 2013, is to be succeeded by Dave Bonaccorso, currently serving as Treasurer, on January 2nd. […] Read more

Norway manufacturing production shrinks for third month

December 7, 2024 9:57 am
Manufacturing production in Norway was reported to have decreased at a monthly rate of 1.6% in October, following a 0.8% drop in September, data by Statistics Norway showed. October has been the third straight month of contracting manufacturing activity, while the pace has been the steepest since April. In October, production dropped for: – paper […] Read more