News
Tribe Technology Makes Strong Debut on London Stock Exchange's AIM
Shares of Tribe Technology, a developer and manufacturer of autonomous mining equipment, had a successful debut on the London Stock Exchange's AIM market, raising £4.6 million.
Headlam Group Reports Decreased Pretax Profit for H1 2023
Headlam Group reports decreased pretax profit for H1 2023 due to increased costs and industry challenges. Despite this, the company remains confident about future growth.
U.K. Stocks Slide as FTSE 100 Closes Down
U.K. stocks declined, with FTSE 100 closing down 0.16%. Currency and commodity performance also analyzed.
Wheat Prices Fall as Traders Hedge Bets
Wheat prices fall due to uncertainty about Black Sea wheat. Ukrainian farmers find alternative transport routes to export globally. Soybean and corn prices remain stable. Short-covering activity dominates trading session.
Brazil's Economy Expands in the Second Quarter
Brazil's economy grew in Q2 due to consumer and government spending, with a slight setback in the agricultural sector.
Chinese EV Delivery Numbers Surpass Expectations
Li Auto, NIO, and XPeng achieve record-breaking delivery figures for August, signaling strong demand in the Chinese EV market.
The Changing Landscape of the Labor Market
Economists predict a slowdown in job growth and wage increases, signaling a more moderate labor market. The Federal Reserve anticipates a balanced labor market to control inflation. The upcoming jobs report may influence the Fed's interest rate decision.
Microsoft Unbundles Teams Video Conferencing in Europe
Microsoft plans to unbundle Teams video conferencing in Europe due to regulatory concerns and competition complaint from Slack. Changes aim to balance competitors' interests and European business needs.
Serabi Gold Reports Higher Profit and Increased Gold Production
Serabi Gold announces higher pretax profit and increased gold production in the first half of the year. The company remains optimistic about future growth and expects to reach its full-year production guidance.
Gold Futures Reach Highest Level Since August
Gold futures continue upward trend, settling at highest level since August amidst anticipation of Federal Reserve's interest rate decisions and data-driven approach. Importance of tracking inflation, labor, and jobs data emphasized. December gold contract (GCZ23) rises by 0.4%, reaching highest closing price since August 4.