Dollar Soars as Investors Seek Safe Haven Amid US Government Budget Crisis

Dollar Soars as Investors Seek Safe Haven Amid US Government Budget Crisis

London (awp/afp) – The dollar continued its escalation against the vast majority of currencies, including the euro, the pound and the yen, investors retreating towards this “safe haven” while the American government risks budgetary paralysis . Around 10:50 GMT (12:50 CET), the Dollar Index, which measures the level of the greenback in relation to a … Read more

Vedanta Shares Plummet as Moody’s Downgrades Bond Rating

Vedanta Shares Plummet as Moody’s Downgrades Bond Rating

Shares of Indian conglomerate Vedanta fell to their lowest level in more than a year on Wednesday after Moody’s Investors Service downgraded the rating of parent company Vedanta Resources’ senior unsecured bonds, citing a high restructuring risk of debt in the coming months. The rating agency also expressed concerns over the ability of Vedanta Resources’ … Read more

Surprising Decrease in Weekly Jobless Claims in the United States Contradicts Expectations – Latest Labor Department Data

Surprising Decrease in Weekly Jobless Claims in the United States Contradicts Expectations – Latest Labor Department Data

Weekly jobless claims fell last week in the United States, contrary to expectations, once again reflecting the strength of the American job market. Registration numbers fell by 20,000 to 201,000 during the week of September 16, the Labor Department announced Thursday, and the previous week’s data was revised from 220,000 to 221,000. Economists, conversely, expected … Read more

Ares Management Corporation: Alternative Investment Manager for Diverse Investment Strategies

Ares Management Corporation: Alternative Investment Manager for Diverse Investment Strategies

Ares Management Corporation is an alternative investment manager. The company offers its investors a range of investment strategies. The Company’s segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group and Other. The Company’s Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including syndicated loans, high yield bonds, multi-asset … Read more

Japan’s Mitsui Committed to Complying with US Sanctions on Arctic LNG 2 project

Japan’s Mitsui Committed to Complying with US Sanctions on Arctic LNG 2 project

Japan’s Mitsui said on Saturday it was committed to complying with restrictions imposed by new US sanctions linked to Russia’s Arctic LNG 2 liquefied natural gas project, in which it has a stake. “We are aware of the new U.S. sanctions and we remain committed to complying with international sanctions,” Mitsui told Reuters in emailed … Read more

United Auto Workers Strike: Updates and Negotiations with Detroit Automakers

United Auto Workers Strike: Updates and Negotiations with Detroit Automakers

The United Auto Workers strike against the three Detroit automakers will enter its third day on Sunday, with no immediate solution on the horizon. On Saturday, negotiators from the United Auto Workers and Ford Motor held “reasonably productive discussions” toward a new contract, the union said, while Stellantis, Chrysler’s parent company, said it had reviewed … Read more

New York Manufacturing Activity Surprises with Moderate Acceleration in September

New York Manufacturing Activity Surprises with Moderate Acceleration in September

Manufacturing activity in New York state accelerated moderately in September, beating expectations for a continued slowdown thanks to increases in new orders and shipments. The New York Fed’s monthly gauge of manufacturing activity in the state rose to 1.9 this month, after being negative at 19.0 in August. Numbers above zero indicate an expansion of … Read more

Personas Social Incorporated Announces Launch of Keek Marketing Activities and Khloe Kardashian Contest

Personas Social Incorporated Announces Launch of Keek Marketing Activities and Khloe Kardashian Contest

Toronto, Ontario–(Newsfile Corp. – September 15, 2023) – Personas Social Incorporated (TSXV: PRSN) (the « Company ) announces the launch of its marketing activities for the Keek service. The Company is proud to announce that it has completed the pre-launch phase of the new Keek launch and that the service will be offered to users … Read more

Manufacturing Activity in New York Region Recovers Unexpectedly in September

Manufacturing Activity in New York Region Recovers Unexpectedly in September

Washington (awp/afp) – Manufacturing activity in the highly industrialized New York region recovered unexpectedly in September, recording slight growth after the sharp contraction of the previous month, thanks in particular to an increase in new orders . The index measuring this activity increased by 21 points compared to August, and stood at 1.9 points, according … Read more