The U.S. dollar depreciated against its major counterparts in the New York session on Tuesday, as weaker-than-expected ISM services PMI for February increased chances of a rate cut in June. The ISM said its services PMI fell to 52.6 in February after climbing to 53.4 in January. While a reading above 50 still indicates growth,...
UBS Group AG (UBS) announces Friday that it has completed the merger of UBS AG and Credit Suisse AG. The completion of the merger within the expected timeline was facilitated by the strong support from regulators across the globe. Credit Suisse has been deregistered in the Commercial Register of the Canton of Zurich and has...
The Canadian market may open slightly down on Friday as weak crude oil prices could weigh on energy stocks. However, firm bullion prices, and easing concerns about the outlook for U.S. economic growth are likely to limit markets downside. Data on Canadian housing starts for the month of July is due at 8:15 AM ET....
French stocks traded lower on Thursday as investors awaited the ECB\'s rate decision as well as President Christine Lagarde\'s press conference for directional cues. The central bank is expected to keep interest rates unchanged at record highs for the fourth policy meeting in a row but could signal potential future cuts in case there is...
Australian shares are trading slightly higher on Wednesday, snapping the four-session losing streak, with the benchmark S&P/ASX 200 staying above the 7,600 level, following the mixed cues from Wall Street overnight, with gains in gold miners, financial and energy stocks nearly offset by losses in iron ore miners. The benchmark S&P/ASX 200 Index is gaining...
R1 RCM, Inc. (RCM) announced Thursday that it has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice or CD&R, in an all-cash transaction with an enterprise value of approximately $8.9 billion. An investment vehicle controlled by TowerBrook is currently the beneficial owner...
JAKARTA – The net profit ofPT Garuda Maintenance Facility Aero Asia Tbk (GMFI) soared 556.19% year-on-year (yoy) in the first half (H1) of 2024 compared to the same period in 2023. The surge aligns with 30.12% yoy growth in revenue in H1 2024. Based on Financial Report of H1 2024 quoted Friday (13/9), its revenue...
Bitcoin, the world’s leading cryptocurrency by market capitalization, continues its upward momentum, trading around $71,300. This rally is driven by a significant influx into U.S. spot Bitcoin exchange-traded funds (ETFs), with a notable daily inflow of $886.75 million, contributing to over $1.2 billion in two days. Investor confidence is further bolstered by the anticipation of...
Avalon Labs’ USDa stablecoin reaches 100M supply, backed by $200M in Bitcoin.Avalon Labs opens a $50M deposit quota, offering 20-50% APY and 3x points rewards. Avalon Labs has achieved a big milestone by launching USDa, the world’s first Bitcoin-backed overcollateralized stablecoin. With collateralized Bitcoin assets of a stunning $200 million, this creative stablecoin has rapidly...
The manufacturing sector in Thailand continued to expand in June, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.7. That\'s up from 50.3 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. The upward movement...