Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
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Renault SA (RENA) said earlier this week it expected to generate an extra EUR 1 billion ($1.13 billion) in revenue by the end of the decade from its new recycling business.
“These activities will generate 200 million (euros) in turnover from 2025”, Renault’s Chief Executive Officer Luca de Meo told reporters at a former vehicle production facility in the town of Flins, which the company is retooling for the recycling and reconditioning of used vehicles and components.
As of 10:00 GMT on Thursday the shares of Renault SA were losing 0.56% (EUR 0.17) on the day to trade at EUR 29.16 on the Paris Stock Exchange.
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Gold trading outlook: futures steady near $1 200 on stimulus, US growth eyed Gold traded near the $1 200 level, holding close to Fridays three-week high, as investors weighed global stimulus measures against the prospects of rising interest rates in the US. Investors eyed upcoming US GDP data, as well as the outcome of […]
BP Plc’ share price down, announces a $20-billion LNG supply deal with China BP Plc made an official statement, revealing that it sealed a contract to supply China National Offshore Oil Corp. with liquefied natural gas. The deal is valued at about 20 billion dollars and is considered one of the series of deals that […]
Natural gas inventories rise Natural gas inventories rose generally in line with expectations of 90 billion cubic feet. In the week ending June 14, the Natural Gas Storage Indicator rose by 91 billion cubic feet to 2 438 billion, up from the preceding weeks 2 347. Natural […]
Forex Market: GBP/USD daily trading outlook Friday’s trade saw GBP/USD within the range of 1.4171-1.4372. The pair closed at 1.4224, plummeting 0.98% on a daily basis. It has been the 36th drop in the past 65 trading days, a third consecutive one and also the steepest one since March […]
ECB Likely to Resist Overreacting to Euro Strength Key Moments
Commerzbank’s Michael Pfister says many ECB officials now see heavy focus on euro strength as counterproductive.
However, he expects a stronger ECB response only if EUR-USD rises much further from current levels.
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