EPAM Systems, Inc. (EPAM) announced Wednesday that it has entered into an agreement to acquire NEORIS, a Miami-headquartered global advanced technology consultancy with more than 4,700 professionals across major talent hubs in Latin America, Spain and the U.S. The sellers are funds managed by Advent International, one of the largest and most experienced global private...
The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said the trade deficit widened to $78.8 billion in July from a revised $73.0 billion in June. Economists had expected the trade deficit to...
South Koreas gross domestic product was down a seasonally adjusted 0.2 percent on quarter in the second quarter of 2024, the Bank of Korea said on Thursday. That was in line with expectations following the 1.3 percent increase in the first quarter. On an annualized basis, GDP was up 2.3 percent - again matching forecasts...
The Malaysia stock market has moved lower in two straight sessions, slipping almost 8 points or 0.5 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it may continue to spin its wheels again on Thursday. The global forecast for the Asian markets suggests little movement ahead...
South Koreas gross domestic product contracted a seasonally adjusted 0.2 percent on quarter in the second quarter of 2024, the Bank of Korea said on Thursday. That was in line with expectations following the 1.3 percent increase in the first quarter. On an annualized basis, GDP was up 2.3 percent - again matching forecasts and...
The Taiwan stock market has finished lower in three straight sessions, plunging more than 1,170 points or 5.3 percent along the way. The Taiwan Stock Exchange now rests just shy of the 21,100-point plateau although bargain hunting may the market a lift on Thursday. The global forecast for the Asian markets suggests little movement ahead...
The China stock market has finished lower in three straight sessions, surrendering almost 60 points or 2.1 percent along the way. The Shanghai Composite Index now sits just above the 2,780-point plateau and its likely to remain in that neighborhood again on Thursday. The global forecast for the Asian markets suggests little movement ahead of...
The Hong Kong stock market has moved lower in three straight sessions, slumping almost 540 points or 3.1 percent in that span. The Hang Seng Index now sits just above the 17,450-point plateau although it may see a measure of traction on Thursday. The global forecast for the Asian markets suggests little movement ahead of...
The Japanese yen strengthened against other major currencies in the Asian session on Thursday, after data showed that the Japans real wages unexpectedly increased in July, signaling that the Bank of Japan is likely on the track for another rate hike this year. Data from the labor ministry showed that the Japans Labor Cash Earnings...
Asian stocks ended mixed on Thursday as investors digested weak U.S. manufacturing data and waited for more U.S. data this week, including Fridays all-important jobs report for directional cues. The dollar struggled to find footing in Asian trading, helping gold prices recover some ground. Crude prices rose modestly after industry data showed decline in inventories...