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Commodity Market: Gold set for biggest weekly gain since late August as US Dollar eases, US retail sales data eyed

October 15, 2021 9:34 am
Spot Gold looked set to register its best weekly performance since late August, as the US Dollar eased from one-year highs, while making the commodity less expensive for international investors holding other currencies. According to Michael Langford, director at corporate advisory AirGuide, the yellow metal should settle around $1,800, but it was not likely to […] Read more

Honda to launch “e:N Series” EV brand in China in 2022

October 15, 2021 7:38 am
Honda Motor Co Ltd (7267) said earlier this week that it would launch a new electric vehicle brand in China in 2022 and would introduce only battery electric, hydrogen fuel-cell or petrol-electric hybrid vehicles in the Asian country from 2030. The name of the new brand will be “e:N Series”, the company said, while its […] Read more

Tesla shares hit an eight-month high on Wednesday, company sells record number of China-produced vehicles in September

October 14, 2021 7:23 am
According to data from the China Passenger Car Association (CPCA), Tesla Inc (TSLA) sold over 56,000 locally-made electric vehicles in September, or the most since the company initiated production in Shanghai nearly two years ago. Of that total, the electric car maker exported 3,853 vehicles from its Shanghai facility, where it assembles Model 3 sedans […] Read more

Amazon shares close little changed on Tuesday, Amazon Prime service launched in Poland

October 13, 2021 9:35 am
Amazon.com Inc (AMZN) launched earlier this week its Amazon Prime service in Poland, which offers free delivery and video streaming, while triggering a sell-off in shares of local e-commerce competitor Allegro. “We are very pleased with the way Polish customers accepted the Amazon.pl service launched at the beginning of this year,” Mourad Taoufiki, CEO of […] Read more

Carrefour no longer interested in partnership with Auchan

October 12, 2021 7:32 am
According to a report by Le Figaro daily newspaper over the weekend, Carrefour SA (CARR) has no longer interest in a possible partnership with Auchan after the two French companies held exploratory talks over the past months. The decision was made by the company’s strategic committee last week on the recommendation of Chief Executive Officer […] Read more