February 6, 2023 8:46 am
Nissan Motor Co Ltd (7201) and Renault SA (RENA) on Monday disclosed details of their reshaped alliance. The Japanese auto maker said it would acquire a stake of up to 15% in Renault’s electric vehicles unit Ampere. “Nissan’s intention is to invest up to 15% in Ampere, Renault Group’s EV & Software entity in Europe, […]
Read moreFebruary 3, 2023 9:56 am
Spot Gold was mostly steady on Friday, after retreating almost 2% in the prior trading day, as market players were mulling interest rate hike moves by major central banks. Yet, the precious metal looked set to register its first weekly decline in seven weeks, as the US Dollar remained firm. “With gold prices delivering a […]
Read moreFebruary 2, 2023 11:41 am
ING Groep NV (INGA) on Thursday posted higher-than-anticipated quarterly net profit, but the group’s shares plummeted on disappointing 2023 guidance. ING’s net profit came in at EUR 1.09 billion in the fourth quarter, while exceeding market consensus of EUR 1.03 billion, and increased from EUR 945 million in the year-ago period. Still, ING’s projection for […]
Read moreFebruary 2, 2023 10:30 am
Boeing Co (BA) has been awarded a $1.615 billion indefinite-delivery/indefinite-quantity contract by the US Department of Defense to provide guidance subsystem support for Minuteman III Intercontinental Ballistic Missile. Work is to be performed at Hill AFB, Utah, and is expected to be completed by February 1st 2039. “Fiscal 2023 operation and maintenance funds in the […]
Read moreFebruary 1, 2023 11:18 am
China’s Li Auto Inc said on Wednesday that it had delivered 15,141 vehicles in January, or 23.4% more compared to January 2022. As of the end of January, the company’s cumulative deliveries reached 272,475 vehicles, it also said. “We ranked first in both China’s full-size and large SUV markets for the full year of 2022, […]
Read moreFebruary 1, 2023 8:48 am
Intel Corp (INTC) said earlier this week it had reduced pay for employees and executives. The cuts will be within the range of 5% for mid-level employees to 25% for the company’s Chief Executive Officer Pat Gelsinger. Pay for vice president level employees will be cut by 10% and top executives other than the CEO […]
Read moreJanuary 31, 2023 11:57 am
The shares of Nissan Motor Co Ltd (7201) surged in Tokyo on Tuesday, while those of Renault SA (RENA) closed lower in Paris on Monday, after the two companies announced an overhaul of their alliance, which has until now put them on an unequal footing. Under the new agreement, which the two auto makers announced […]
Read moreJanuary 31, 2023 8:57 am
USD/JPY remained mostly steady on Tuesday, as market players were wary ahead of the Federal Reserve’s policy meeting outcome on Wednesday, which could provide hints if interest rates were nearing a peak. Trading was subdued on Tuesday, as two more central banks, Bank of England and the European Central Bank, are expected to announce their […]
Read moreJanuary 30, 2023 11:40 am
TotalEnergies and Eni have finalized the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon, the companies said over the weekend. Under the terms of the agreements, TotalEnergies and Eni will each retain a 35% stake in the blocks, while QatarEnergy will hold the remaining 30%. […]
Read moreJanuary 30, 2023 9:39 am
Toyota Motor Corp (7203) said on Monday that it had sold 10.5 million vehicles in 2022, while it retained the top spot for global sales for a third consecutive year. Toyota’s global sales dipped 0.1%, as a 9.6% slump in home market sales to 1.9 million vehicles was offset by record overseas sales of 8.6 […]
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