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GBP/JPY scales 8 1/2-year peak after BoJ as UK inflation slows

March 20, 2024 8:10 am
The GBP/JPY currency pair extended the gains from the past six trading days on Wednesday, while scaling an 8 1/2-year peak of 192.854, as investors bet Japan would keep its accommodative monetary settings even after the BoJ’s decision to move away from negative interest rates. Yesterday the GBP/JPY pair surged more than 1% after the […] Read more

CAD/JPY scales 3-week peak as BoJ abandons negative rates

March 19, 2024 11:07 am
The CAD/JPY currency pair registered a fresh three-week high on Tuesday, after the Bank of Japan put an end to an eight-year period of negative interest rates and ahead of Canada’s CPI report. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market expectations. It has […] Read more

AUD/JPY gains as BoJ puts an end to negative rates

March 19, 2024 9:20 am
The AUD/JPY currency pair registered modest gains on Tuesday in the wake of central bank policy decisions in Japan and Australia. The Bank of Japan put an end to an eight-year period of negative interest rates. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market […] Read more

AUD/CAD slips to 2-week low as RBA keeps rates on hold

March 19, 2024 8:00 am
The AUD/CAD currency pair registered a fresh two-week low on Tuesday, after the Reserve Bank of Australia kept its cash rate unchanged at a 12-year high of 4.35% at its March meeting, as largely expected. The policy decision came amid indications that Australia’s economic growth has slowed after 425 basis points of interest rate hikes […] Read more

Euro Area inflation rate confirmed at 2.6% in February

March 18, 2024 10:29 am
The annual inflation rate in the Euro Area was confirmed at 2.6% in February, final data by Eurostat showed on Monday. It has been the lowest rate since November 2023, but it was still above the European Central Bank’s 2% inflation objective. In February, energy prices went down 3.7% year-on-year compared with a 6.1% slump […] Read more

TPG RE Finance Trust announces cash dividend of $0.24

March 18, 2024 9:50 am
TPG RE Finance Trust Inc (NYSE: TRTX), a commercial real estate finance company, said on Friday that its Board of Directors had authorized a quarterly cash dividend on its common stock of $0.24 per share. The dividend will be paid on April 25th to shareholders of record as of the close of business on March […] Read more

Spot Gold eases as investors brace for cenbank meetings

March 18, 2024 8:07 am
Spot Gold edged lower on Monday, as the US Dollar remained firm near a two-week high of 103.514 ahead of a host of major central bank policy meetings this week. The Federal Reserve is largely expected to keep interest rates on hold on Wednesday, while investor attention will firmly be on Fed Chair Jerome Powell’s […] Read more

Hertz Global appoints new Chief Executive Officer

March 17, 2024 3:12 pm
Hertz Global Holdings Inc (NASDAQ: HTZ), a global rental car company, said on Friday that it had appointed Gil West as its next Chief Executive Officer, effective April 1st. West, former Chief Operating Officer of Delta Airlines and GM’s Cruise unit, will also join Hertz Global’s Board. West is to succeed Stephen Scherr, who will […] Read more

Thermon Group announces share buyback program

March 17, 2024 12:29 pm
Thermon Group Holdings Inc (NYSE: THR), a leader in industrial process heating solutions, said on Friday that its Board of Directors had authorized the buyback of up to $50 million of the company’s outstanding shares of common stock through March 15th 2027. ”Today’s authorization of Thermon’s inaugural Repurchase Program underscores the Board’s confidence in our […] Read more

First Bancorp announces common stock dividend of $0.22

March 16, 2024 4:06 pm
First Bancorp (NASDAQ: FBNC), the parent company of First Bank, said on Friday that its Board of Directors had authorized a quarterly cash dividend on its common stock of $0.22 per share. The dividend will be paid on April 25th to shareholders of record as of the close of business on March 31st 2024, the […] Read more