September 29, 2023 6:29 am
Albemarle Corporation, a provider of essential elements for mobility, energy, connectivity and health, said this week it had signed agreements with Caterpillar Inc to collaborate on solutions to support the full circular battery value chain and sustainable mining operations. The collaboration is expected to help Albemarle establish Kings Mountain N.C. as the first-ever zero-emissions lithium […]
Read moreSeptember 28, 2023 10:28 am
Futures on US West Texas Intermediate Crude Oil touched highs unseen since August 2022 on Thursday, after a sharp drop in US crude inventories additionally amplified concerns over global supply tightness stemming from OPEC+ production cuts. Data by the US Energy Information Administration showed on Wednesday that crude oil stocks had decreased by 2.17 million […]
Read moreSeptember 28, 2023 8:08 am
The AUD/JPY pair was mostly flat on Thursday, while trading within a narrow range, with the Aussie Dollar shrugging off the latest retail sales data out of Australia. Retail sales grew 0.2% month-over-month in August, preliminary data showed earlier on Thursday, which compared with market expectations of a 0.3% increase. The modest growth rate indicated […]
Read moreSeptember 28, 2023 6:19 am
Nucor Corporation said on Wednesday that it would collaborate with Helion, a fusion power company, to develop a 500 MW fusion power plant. The project is expected to provide baseload zero-carbon electricity from fusion directly to a Nucor steel-making facility. Nucor Corp said it would directly invest $35 million in Helion to speed up fusion […]
Read moreSeptember 27, 2023 12:31 pm
JPMorgan’s UK retail bank Chase has decided to prohibit crypto transactions conducted by clients from October 16th amid an increase in cases of fraud and scams, the lender announced this week. “We’ve seen an increase in the number of crypto scams targeting UK consumers, so we have taken the decision to prevent the purchase of […]
Read moreSeptember 27, 2023 10:24 am
According to a report by Reuters, citing a statement by Canada’s transport minister, the government is to review a proposed merger between US grains merchant Bunge and Glencore-backed Viterra. The country’s transport ministry will initiate a public interest assessment of the planned merger, which needs to be completed by June 2nd 2024, the minister said. […]
Read moreSeptember 27, 2023 7:41 am
AUD/USD plunged to a three-week low on Wednesday, as the prospects of higher-for-longer US interest rates pushed bond yields up to multi-year highs and also underpinned the greenback. The US Dollar Index scaled a fresh 10-month peak of 106.321 earlier on Wednesday and was last little changed at 106.203. The Federal Reserve left the target […]
Read moreSeptember 27, 2023 6:10 am
Azenta Inc said on Tuesday that it had appointed Herman Cueto as its next Executive Vice President and Chief Financial Officer, effective October 16th. He will succeed Lindon Robertson, who is to retire and will remain as an advisor in order to facilitate a seamless transition. Most recently, Cueto was Senior Vice President of Finance […]
Read moreSeptember 26, 2023 12:05 pm
Air Canada has signed an agreement with Boeing Co to purchase 18 widebody 787 Dreamliner aircraft, as the air carrier seeks to deploy fuel-efficient jets amid robust travel demand. “The 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions,” Air Canada’s Chief Executive Officer […]
Read moreSeptember 26, 2023 10:23 am
The South African Rand retreated sharply against a stronger US Dollar on Tuesday on prospects that US interest rates may remain elevated for longer. The benchmark 10-year US Treasury yield rose as high as 4.56% earlier on Tuesday, a level not seen since October 2007. The US Dollar Index was last inching up 0.05% on […]
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