In a midyear update of Australia's 2023-24 budget, Treasurer Jim Chalmers has forecasted a tough year for the country's economy in 2024. Despite an improvement in the budget deficit from A$13.9 billion to A$1.1 billion, slowing economic growth, rising unemployment, and ongoing budget deficits are expected. Economic Growth and Unemployment: The government predicts sluggish … [Read more...] about Australia’s Economy Faces Challenges in 2024
Forex News
Thungela Resources Making Significant Progress in Strategic Objectives
Thungela Resources, the South African coal miner, has reported substantial progress in the execution of its strategic objectives, positioning the company to achieve its year-end guidance. With capital expenditure for its South African operations estimated at ZAR 3.0 billion ($158.3 million), Thungela Resources expects to meet its targets, maintaining a strong financial … [Read more...] about Thungela Resources Making Significant Progress in Strategic Objectives
Nordson Reports Strong Sales Growth
Nordson, an adhesive manufacturing company, announced on Wednesday that its sales have continued to rise in the latest quarter. This growth was primarily driven by the success of its industrial precision unit, as well as a positive impact from currency translation and recent acquisitions. During the fiscal fourth quarter, which ended on October 31, the company's net profit … [Read more...] about Nordson Reports Strong Sales Growth
Canadian Factory Sales Decrease in October
Canadian factory sales experienced a decline in October after three consecutive months of growth, primarily due to a drop in shipments of petroleum products. According to Statistics Canada, manufacturing sales decreased by 2.8%, equivalent to approximately $52.49 billion. This decline, the sharpest since February, was slightly higher than the initial estimate of a 2.7% drop in … [Read more...] about Canadian Factory Sales Decrease in October
Weekly U.S. Grain Export Sales Meet Expectations
In the latest report from the U.S. Department of Agriculture (USDA), weekly export sales of U.S. grains were in line with trader expectations. Wheat Sales Surge to 1.49 Million Metric Tons During the week ended December 7, 2023, wheat export sales reached an impressive 1.49 million metric tons for the 2023/24 marketing year. This figure surpassed the previous week's sales of … [Read more...] about Weekly U.S. Grain Export Sales Meet Expectations
