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Eltek Gets $2.9 Mln Purchase Order From Existing Customer
(RTTNews) - Eltek Ltd. (ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced Tuesday that the company has received a purchase order in the amount of $2.9 million from an existing customer.
The order will be supplied by Eltek over a period of 16 months commencing in February 2024.
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Eltek Q3 Profit Surges
Eltek Ltd. (ELTK) reported Thursday that net income for the third quarter surged to $2.15 million or $0.36 per share from $1.00 million or $0.17 per share in the prior-year quarter.
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Eurozone Jobless Rate Rises Slightly
The euro area unemployment rate rose slightly in August but remained near record lows despite weaker economic activity. The jobless rate climbed marginally to 6.3 percent in August from 6.2 percent in July, Eurostat said Thursday. The rate was forecast to remain unchanged at 6.2 percent.
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European Shares Climb On Fed Rate Cut Hopes
European stocks hovered near record levels on Thursday, with healthcare and chip-related stocks leading the surge.
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Asian Shares Climb Amid AI Optimism
Asian stocks advanced on Thursday as tech stocks surged amid continued hype over artificial intelligence.
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Canadian Dollar Falls Amid BoC Rate Cut Speculation
The Canadian dollar weakened against other major currencies in the Asian session on Thursday, as the latest Canadian PMI survey supports speculations on a rate reduction by the Bank of Canada.
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Australia Household Spending Growth Weakens, Trade Surplus Declines
Australia's household spending grew at a slower pace in August and the trade surplus declined sharply as exports of gold decreased dramatically, official data showed on Thursday. Household spending rose only 0.1 percent from July, when consumption grew 0.4 percent, the Australian Bureau of Statistics said. This was the weakest expansion in four months.
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NZ Dollar Rises Amid Risk-on Mood
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday, as Asian stocks traded higher amid optimism about the outlook for interest rates following a report showing unexpected decrease in US private sector employment in the month of September. Expectations of additional rate cuts this year, and another next year have increased among traders based on projections.
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NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
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