April 20, 2023 11:39 am
According to a report by Reuters, citing an unnamed source with knowledge of the matter, Deutsche Bank plans to shrink its executive board to 9 members from 10 and also to eliminate some jobs in infrastructure and its private banking business. According to the report, the cost-cutting initiative would have no impact on plans to […]
Read moreApril 20, 2023 10:28 am
Toyota Motor Corp (7203) on Wednesday announced plans to invest as much as BRL 1.7 billion ($337.7 million) in the production of a new hybrid, flex-fuel compact car in Brazil, which, beside its electric engine, will run on both gasoline and ethanol. The announcement was made during an event attended by Toyota’s Brazilian head, Rafael […]
Read moreApril 19, 2023 11:44 am
Rheinmetall and Krauss-Maffei Wegmann said on Wednesday that they had received an order from Germany’s army to upgrade 143 Puma infantry fighting vehicles. The order was valued at nearly EUR 770 million, the companies said. Under the contract, Rheinmetall and Krauss-Maffei Wegmann will retrofit the armored vehicles with key capabilities for firepower and command and […]
Read moreApril 19, 2023 8:32 am
In a preliminary release of main indicators published Tuesday, TotalEnergies said that the variable cost margin for its European refining business had risen to $87.8 per tonne in the first quarter. The latter compares with $46.3 per tonne in the same period a year earlier. The company also said its hydrocarbon production would probably exceed […]
Read moreApril 18, 2023 9:02 am
AUD/USD rose half a percentage point on Tuesday, following hawkish RBA minutes and data showing China’s economic recovery gained momentum during the first quarter. The Reserve Bank of Australia may tighten monetary policy further, the minutes of its most recent meeting showed, since the purpose of pausing rate hikes this month was to allow time […]
Read moreApril 17, 2023 8:52 am
Merck & Co Inc and Prometheus Biosciences Inc said that they had entered into a definitive agreement under which Merck, through a subsidiary, will acquire Prometheus for $200.00 per share in a $10.8 billion all-cash deal. Prometheus is a clinical-stage biotechnology firm pioneering a precision medicine approach for the discovery, development and commercialization of novel […]
Read moreApril 14, 2023 8:55 am
Lucid Group Inc (LCID), backed by Saudi Arabia’s Public Investment Fund, said this week it had produced 2,314 vehicles and delivered 1,406 vehicles during the quarter ended March 31st. Those figures compared with 3,493 vehicles produced and 1,932 vehicles delivered in the quarter ended December 31st 2022. In February when it issued a full-year forecast, […]
Read moreApril 13, 2023 8:40 am
After two consecutive days of gains, futures on US West Texas Intermediate Crude Oil edged down on Thursday, as market players were still concerned about a possible recession in the United States and weaker fuel demand. Crude Oil Futures gained more than 2% on Wednesday, as cooling consumer inflation in the US reinforced expectations the […]
Read moreApril 12, 2023 10:12 am
Mercedes-Benz Group on Wednesday reported a moderate vehicle sales growth during the first quarter, underpinned by electric vehicles and premium cars. The group’s international sales rose 3% year-on-year to 503,500 vehicles. Among regions, Europe registered the largest sales growth rate – 8% year-on-year. Electric vehicles drove sales growth during the quarter, as sales in the […]
Read moreApril 12, 2023 8:11 am
Airbus Group on Tuesday confirmed an 11% decrease in its first-quarter deliveries and also said it had sold 4 A350 freighters to an unnamed customer. The European plane maker said it had delivered 127 jets in the latest quarter compared with 142 jets during the same period a year earlier. The company sold 20 jets […]
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