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NET Power Completes Merger with Rice Acquisition Corp. II to Accelerate Clean Natural Gas Power Generation

DURHAM, N.C., June 08, 2023--NET Power, LLC, an energy company whose proprietary technology delivers clean, affordable, reliable energy, and Rice Acquisition Corp. II (NYSE: RONI) ("RONI"), a publicly traded special purpose acquisition company, today announced the completion of their previously announced business combination (the "Business Combination"). The combined company will operate as NET Power Inc. ("NET Power") and its Class A common stock and warrants to purchase Class A common stock wi

JAWS Juggernaut Acquisition Corporation Announces Redemption of Class A Ordinary Shares

JAWS Juggernaut Acquisition Corporation (the "Company") (Nasdaq: JUGG), a special purpose acquisition company, today announced that its board of directors (the "Board") has determined not to proceed with a proposal to extend its corporate existence, as set forth in the Company's preliminary proxy statement, filed with the U.S. Securities and Exchange Commission (the "Commission") on May 17, 2023. As such, the Board has determined to cancel the annual general meeting of shareholders, and to redee

Canadian dollar rises to 4-week high as BoC resumes rate hikes

TORONTO (Reuters) -The Canadian dollar strengthened to a four-week high against its U.S. counterpart on Wednesday as investors bet that the Bank of Canada would continue to raise interest rates next month after it tightened for the first time since January. The Canadian central bank hiked its benchmark rate by 25 basis points to 4.75%, the highest level in 22 years, on increasing concerns that inflation could get stuck significantly above its 2% target amid persistently strong economic growth. "The tone of the statement was pretty hawkish, which is not a surprise given the recent data flow," Benjamin Reitzes, Canadian rates & macro strategist at BMO Capital Markets, said in a note.

• CANADA FX DEBT-Canadian dollar rises to 4-week high as BoC resumes rate hikes

  Reuters
• CANADA FX DEBT-Restart of BoC rate hikes lifts Canadian dollar to 4-week high

  Reuters

CF Acquisition Corp. IV Announces That its Trust Account Will Not Be Decreased Due to Excise Tax

CF Acquisition Corp. IV (NASDAQ: CFIV) (the "Company") today announced that, to mitigate the current uncertainty surrounding the implementation of the Inflation Reduction Act of 2022, in the event that the extension (the "Extension") of the time period the Company has to complete an initial business combination (the "Business Combination") is implemented, as described in the proxy statement filed by the Company on May 22, 2023 (the "Proxy Statement"), in connection with its special meeting of st

CF Acquisition Corp. VII Announces That its Trust Account Will Not Be Decreased Due to Excise Tax

CF Acquisition Corp. VII (NASDAQ: CFFS) (the "Company") today announced that, to mitigate the current uncertainty surrounding the implementation of the Inflation Reduction Act of 2022, in the event that the extension (the "Extension") of the time period the Company has to complete an initial business combination (the "Business Combination") is implemented, as described in the proxy statement filed by the Company on May 19, 2023 (the "Proxy Statement"), in connection with its special meeting of s

Canadian dollar consolidates recent gains ahead of BoC decision

TORONTO (Reuters) -The Canadian dollar edged lower against the greenback on Monday, but held on to much of its recent gains as oil prices rose and investors assessed prospects of the Bank of Canada resuming its interest rate hiking campaign this week. "It feels like we are more or less consolidating here, at least until the Bank of Canada (decision)," said Bipan Rai, global head of FX strategy at CIBC Capital Markets. Reduced economic uncertainty after the passing of a bill to lift the U.S. debt ceiling and Saudi Arabia's pledge to cut oil production have provided support for the Canadian dollar, Rai said.

NET Power and Rice Acquisition Corp. II Announce Gross Proceeds of At Least $670 million and Expect to Close Business Combination on June 8, 2023

DURHAM, N.C., June 05, 2023--NET Power, LLC ("NET Power"), an energy company whose proprietary technology delivers clean, affordable, reliable energy, and Rice Acquisition Corp. II (NYSE: RONI) ("RONI"), a publicly traded special purpose acquisition company, today announced that they expect to close their previously announced business combination on June 8, 2023. The closing is subject to receipt of RONI shareholder approval, with the RONI extraordinary general meeting of shareholders to be held

Zimmer Energy Transition Acquisition Corp. Announces Redemption of Public Shares and Subsequent Dissolution

NEW YORK, June 02, 2023--Zimmer Energy Transition Acquisition Corp. (the "Company") (NASDAQ: ZTAQU; ZT; ZTAQW) today announced that it will redeem all of its outstanding shares of common stock that were included in the units issued in its initial public offering (the "public shares"), effective as of the close of business on June 16, 2023, as the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (t

Canadian dollar extends weekly gain on rising investor sentiment

The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Friday as investors grew more optimistic on the outlook for riskier financial assets and weighed prospects of the Bank of Canada resuming interest rate hikes. The loonie was trading 0.2% higher at C$1.3425 to the greenback, or 74.49 U.S. cents, after touching its strongest intraday level since May 16 at 1.3408. "With rebounding market sentiment, yield spreads moving in favour of Canada, and commodities picking up steam, it's been the perfect cocktail for a loonie rally this week," said Jay Zhao-Murray, a market analyst at Monex Canada Inc.

Rising risk appetite lifts Canadian dollar to two-week high

The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Thursday along with gains for other commodity-linked currencies as investors cheered progress toward passing a U.S. debt ceiling bill. "That suggest it's a risk-on recovery, likely fueled by optimism on the debt deal passing the House of Representatives so quickly and now ready for the Senate approval," said Amo Sahota, director at Klarity FX in San Francisco. The U.S. House of Representatives passed a bill to suspend the U.S. debt ceiling on Wednesday evening.

M3-BRIGADE ACQUISITION III CORP. RECEIVES NYSE NOTICE REGARDING DELAYED FORM 10-Q FILING

M3-Brigade Acquisition III Corp. (NYSE: MBSC) (the "Company") announced today that it has received a notice from the New York Stock Exchange (the "NYSE") indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC"). The notice has no immediate effect on the listing of t

Canadian dollar dips as oil prices fall more than 4%

The Canadian dollar edged lower against its U.S. counterpart on Tuesday as a drop in oil prices offset optimism that a deal to raise the U.S. debt ceiling would be passed by Congress. The loonie was trading 0.1% lower at 1.36 to the greenback, or 73.53 U.S. cents, after moving in a range of 1.3568 to 1.3613. "Under the hood, in terms of the fundamentals, you have got yield spreads giving it support and then weaker oil prices moving against it," said Eric Theoret, global macro strategist at Manulife Investment Management.

• CANADA FX DEBT-Canadian dollar rises to 4-week high as BoC resumes rate hikes

  Reuters
• CANADA FX DEBT-Restart of BoC rate hikes lifts Canadian dollar to 4-week high

  Reuters

CAD gains as investors cheer U.S. debt ceiling deal

The Canadian dollar edged higher against its U.S. counterpart on Monday, clawing back some recent declines, as a deal to temporarily suspend the U.S. debt ceiling boosted investor sentiment. The loonie was trading 0.2% higher at 1.3584 to the greenback, or 73.62 U.S. cents, after moving in a range of 1.3584 to 1.3618. "The Canadian dollar has been able to extend its bounce from Friday thanks to a constructive risk mood following this past weekend's U.S. debt ceiling deal," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull.

Vahanna Tech Edge Acquisition I Corp. Announces Additional Contribution to Trust Account to Extend Deadline to Consummate Business Combination

NEW YORK, May 25, 2023--Vahanna Tech Edge Acquisition I Corp. (NASDAQ: VHNAU, VHNA, VHNAW) ("Vahanna" or the "Company"), a special purpose acquisition company, announced today that, on May 24, 2023, its sponsor, Vahanna LLC, timely deposited an aggregate of $660,330 (the "Extension Payment"), representing $0.033 per public share, into Vahanna’s trust account in order to extend the date by which Vahanna has to consummate a business combination from May 26, 2023 to June 23, 2023 (the "Extension").

Canadian dollar hits one-month low as U.S. yields climb

The Canadian dollar weakened to a near one-month low against the greenback on Thursday as U.S. bond yields moved higher and the outcome of talks in Washington to raise the debt ceiling remained uncertain. The loonie was trading 0.3% lower at C$1.3635 to the greenback, or 73.34 U.S. cents, after touching its weakest intraday level since April 28 at 1.3644. "It has been all about the U.S. debt ceiling again today, with higher U.S. yields boosting the USD across the board," said George Davis, chief technical strategist at RBC Capital Markets.

Jupiter Wellness Acquisition Corp. Issues Statement on Closing the Business Combination with Chijet Motor Company, Inc.

Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC), a publicly traded special purpose acquisition company, has issued this press release to address a statement that appeared in the marketplace that the Closing of the Business Combination with Chijet Motor Company, Inc. had occurred. The Business Combination has not closed as of this time. The Closing conditions of the Business Combination have not currently been satisfied.

CAD hits 3-week low amid U.S. debt ceiling uncertainty

The Canadian dollar weakened to a near three-week low against U.S. counterpart on Wednesday, tracking declines for other risk-sensitive currencies, as investors worried that U.S. debt ceiling talks are not making sufficient progress. The loonie was trading 0.6% lower at C$1.3590 to the greenback, or 73.58 U.S. cents, after touching its weakest intraday level since May 4 at 1.3605. "I think it's a concern that there is no obvious sign at this point of getting a (debt ceiling) deal put together quickly," said Shaun Osborne, chief currency strategist at Scotiabank.

Canadian dollar recovers from eight-day low as oil rallies

The Canadian dollar was little changed against its U.S. counterpart on Tuesday, clawing back its earlier losses, as oil prices rose and the greenback posted broad-based gains. "The Canadian dollar has been on the defensive since Monday morning due to widespread demand for U.S. dollars," Rahim Madhavji, president at Knightsbridge Foreign Exchange, said in a note. Wall Street indexes fell as deadlocked U.S. debt ceiling talks kept investors jittery on prospects of an unprecedented government default but the price of oil, one of Canada's major exports, settled 1.2% higher at $72.91 a barrel.

The Future of Forex: ChatGPT’s Role in Shaping the Currency Trading Landscape

Artificial Intelligence (AI) has been a hot topic in the world of trading for decades. Will AI ever be able to outperform humans in making potentially profitable decisions?