An initial rally in Wall Street eventually fizzled into the close, as Treasury yields headed higher in the aftermath of the US Consumer Price Index (CPI) release, prompting the US dollar to pare its earlier losses. Both headline and core US CPI surprised on the downside, which will likely provide grounds for the Fed to … Read more
US Secretary of State Blinken: Release of Americans in Iran from prison is a positive step This is just the beginning of a process More work to be done to bring the Americans in Iran home Iran will not be receiving any sanctions relief US will continue to enforce all of its Iran sanctions Informasi … Read more
In June 2023, a new unique website chytra-energie.cz was launched on green households and sustainable energy use. The website regularly publishes the latest news from the world of green energy. Smart Energy focuses on four key topics: photovoltaic power plants, solar water heating, heat pumps and green mobility. The website chytra-energie.cz … Read more
Rentokil Initial, the world’s leading commercial pest control company, has announced it is set to transform the future of pest control for Australian businesses. Rentokil Initial will introduce machine learning and AI automation to its pest monitoring units through the use of innovative camera technology to identify pest behaviours as they happen, helping to create … Read more
Hargreaves Services (LON: HSP) continues to make progress with its underlying business although it is slightly masked by the contribution from German associate HRMS, where the profit contribution is falling from high, but unsustainable levels. The shares remain at a discount to their book value and there is potential for growth in NAV from realising … Read more
Lucara Diamond Corp. [LUC-TSX, LUCRF-OTC] has announced the recovery of a 1,080-carat diamond from its 100%-owned Karowe mine in Botswana. The company said the diamond, measuring 82.2 x 42.8 x 34.2 mm is described as a Type 11a top white gem of high quality. It was recovered from the Coarse XRT unit at Karowe from … Read more
Liberty Tax parent NextPoint Financial Inc. and 29 U.S. affiliates have launched Chapter 15 proceedings in Delaware, declaring $284 million in debt after seeking bankruptcy protection in Canada. NextPoint and its subsidiaries received an initial order from the Supreme Court of British Columbia regarding the Companies’ Creditors Arrangement Act. The company’s approximately 2,200 Liberty Tax franchised locations are … Read more
Capitolis has announced it is connecting to LCH’s FX Smart Clearing solution. This will add another layer of optimization benefits to help banks overcome the challenge of increased costs resulting from the introduction of the Standardized Approach to Counterparty Credit Risk (SA-CCR) and other risk measures in the FX industry, particularly relating to FX forwards, … Read more
US Dollar, GBP/USD, British Pound, Treasuries, Gilts, China, Moody’s – Talking Points The US Dollar resumed strengthening this week on global growth questions China’s economy is facing scrutiny, pushing investors toward Treasuries and Gilts Sterling survived a test of support levels, but will GBP/USD continue to hold up? Recommended by Daniel McCarthy How to Trade … Read more
The earnings season is almost over although Disney will release earnings tomorrow and Nvidia was scheduled to release later in the month. For today, the major releases showed: Lyft Inc (LYFT) BEAT: Q2 2023 USD: Adj. EPS 0.16, exp. -0.01, Revenue 1.02bln, exp. 1.02bln. Take-Two Interactive Software Inc (TTWO) MISS: Q2 2023 USD: EPS -1.22, … Read more