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Commodity Market: US Crude Oil eases from fresh 7-year highs, but strong demand, supply concerns still support

January 20, 2022 10:24 am
Futures on US West Texas Intermediate Crude Oil eased from recent more than seven-year highs on Thursday, as market players took profits after a month-long price surge. Still, robust demand and short-term supply disruptions continued to provide certain support to the market. “The International Energy Agency said global oil demand is on track to hit […] Read more

Whitestone REIT appoints Dave Holeman as its next CEO

January 20, 2022 8:35 am
Whitestone REIT (WSR) announced earlier this week its Board of Trustees had appointed Dave Holeman as its next Chief Executive Officer, with immediate effect. The new appointment comes after the employment termination of James Mastandrea as the company’s CEO for cause, who has also been removed as Chairman of the Board. David Taylor, an independent […] Read more

Daimler Truck sales rise 20% in 2021, full results due out in March

January 20, 2022 8:08 am
Daimler Truck, which spun off from Daimler (DAIGn) in December, reported a 20% sales growth to 455,000 units in 2021. Yet, the sales figure was 13% below pre-pandemic levels. Trucks Asia reported the highest growth last year, or 30%, while the Buses segment reported zero growth, with sales unchanged at 19,000 vehicles. Supply chain bottlenecks […] Read more

US 5G plan may affect 1.25 million passengers annually, United says

January 19, 2022 8:24 am
United Airlines said earlier this week that the current 5G wireless rollout plan in the United States would negatively affect some 1.25 million of its passengers and at least 15,000 flights per year. United and other major airlines believe that 5G interference could compromise key safety systems and lead to suspended passenger and cargo flights. […] Read more

Forex Market: USD/RUB gains, MOEX hits lows unseen since March as geopolitical concerns persist

January 18, 2022 10:44 am
USD/RUB gained over 0.7% on Tuesday while the MOEX benchmark stock index plunged to lows not seen since March 25th 2021 amid continuing geopolitics-related concerns and worsening health situation due to the rapid Omicron spread. The Russian currency has been facing geopolitical pressure since last October due to Russia’s military build-up near Ukraine. Moscow has […] Read more

Netflix lifts monthly subscription prices in its key region

January 18, 2022 8:57 am
Netflix Inc said last week it had increased its monthly subscription prices in the United States and Canada to help pay for new programming amid fierce competition in the streaming TV market. The streaming company had previously announced plans to spend $17 billion on programming in 2021. In the United States, Netflix’s standard plan, which […] Read more

Eni acquires Solar Konzept Greece for undisclosed amount

January 15, 2022 1:06 pm
Italy’s Eni has set foot into Greece’s solar power market with the acquisition of Solar Konzept Greece, which has an 800 megawatt portfolio of projects at different stages of development. The Italian energy group purchased the firm from Solar Konzept International, which is majority owned by Germany’s Aquila Capital. Solar Konzept Greece will be a […] Read more