Market Movers: A Rollercoaster Week Introduction During the last week, markets were driven upward by partial euphoria among traders, first buoyed by the Truss-Kwarteng duo’s U-turn on taxes and then by central banks’ possible slowdown in interest rates. In contrast, the second part of the week saw the OPEC+ decision (production cut of 2mln barrels…
Oil Producers Struggle to Meet Quota Production Why Fitch’s Report is Alarming but Expected Fitch Ratings recently released a report highlighting the challenges faced by oil producers in meeting their quota production targets set by OPEC+. The decision to cut production quotas by 2 million barrels per day (MMbpd) was aimed at stabilizing oil prices…
Welcome to the Future: Device as a Service Market Revolutionizing the Business Landscape Have you ever dreamed of a world where you don’t have to worry about constantly upgrading your devices or dealing with the hassle of maintenance? Well, dream no more. The Device as a Service market is here to make your wildest tech…
Duck Creek and SBS Partner Up for Enhanced Claims Replacement Solutions Collaboration for Innovation SBS, a prominent provider of claims replacement solutions, has recently joined forces with Duck Creek Technologies, a leading intelligent solutions provider for property and casualty insurance. This collaboration marks a significant step towards enhancing tech-enabled content validation and replacement in the…
Bank of England Launches Temporary Expanded Collateral Repo Facility Overview The Bank of England recently announced the launch of a temporary expanded collateral repo facility in response to changing market conditions and increasing demand for liquidity. This facility will provide additional support to financial institutions by allowing them to use a wider range of collateral…
Another Week, Another Bearish Drive in Equities Asia Pacific Closed, China Re-opens to New Sanctions It seems like the bearish trend in equities is here to stay as we kick off another week. Several Asia Pacific centers, including Japan, Taiwan, and South Korea, were closed for the day. However, China’s markets re-opened to a flurry…
Fulgent Genetics, Inc.: A Closer Look at the Securities Class Action Lawsuit The Legal Battle Unfolds On October 9, 2022, the law firm of Kessler Topaz Meltzer & Check, LLP announced the filing of a securities class action lawsuit against Fulgent Genetics, Inc. The lawsuit, filed in the United States District Court for the Central…
Welcome to the Era of Clean Hydrogen! Avina Clean Hydrogen Inc. – Leading the Charge Towards Sustainable Energy It’s an exciting time to be alive as we witness the birth of a new era in the energy industry. The pioneers of Hydrogen Technology Ventures have come together to launch Avina Clean Hydrogen Inc., a dedicated…
