The Malaysia stock market has finished higher in three straight sessions, collecting almost 40 points or 2.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,675-point plateau although investors figure to lock in gains on Thursday. The global forecast for the Asian markets is mixed and flat ahead of...
The Singapore stock market on Wednesday ended the four-day winning streak in which it had gained more than 35 points or 1 percent. The Straits Times Index now sits just above the 3,390-point plateau and the losses may accelerate on Thursday. The global forecast for the Asian markets is mixed and flat ahead of key...
The China stock market has tracked lower in back-to-back sessions, slumping almost 20 points or 0.7 percent along the way. The Shanghai Composite Index now sits just above the 2,835-point plateau and it may remain stuck in neutral again on Thursday. The global forecast for the Asian markets is mixed and flat ahead of key...
The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had climbed more than 260 points or 1.5 percent. The Hang Seng Index now sits just beneath the 17,700-point plateau and it may take further damage on Thursday. The global forecast for the Asian markets is mixed and flat ahead...
Alight, Inc. (ALIT), a cloud-based human capital technology and services provider, announced Monday that the Companys Board of Directors recently appointed Dave Guilmette as Chief Executive Officer. In addition, Guilmette will continue as Vice Chair of the Board. As part of the Companys previously disclosed succession plan, Stephan Scholl has stepped down as Alights CEO...
Bloomin Brands, Inc. (BLMN) announced Monday that Michael Spanos has been appointed Chief Executive Officer of the company. Spanos will begin his new role in Tampa on September 3, 2024. Former CEO David Deno announced on May 7, 2024, his planned retirement as CEO and from the Board of Directors. Spanos joins the company from...
With orders for transportation equipment showing a substantial rebound, the Commerce Department released a report on Monday showing a sharp increase by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders spiked by 9.9 percent in July after tumbling by a revised 6.9 percent in...
A categorically dovish shift in the Fed Chair Jerome Powells monetary policy hints exacerbated the Dollars plunge against major currencies during the week ended August 23. The U.S. Dollar plummeted against the euro, the British pound, the Australian dollar, the Japanese yen, the Canadian dollar, the Swiss franc as well as the Swedish krona during...
The Canadian dollar rose against its major counterparts in the New York session on Monday amid higher oil prices, as traders braced for escalating conflict in the Middle East following an Israeli strike on Hezbollah targets in southern Lebanon. Investors fretted about a regional war after a round of high-level talks in Cairo meant to...
Business sentiment in Germany deteriorated for a third month in a row in August as companies judged their current situation as worse and turned more pessimistic regarding the outlook, survey results from the ifo Institute showed Monday. The ifo business confidence index fell to 86.6 from 87.0 in July. Economists had forecast the measure to...