January 13, 2023 8:48 am
Futures on US West Texas Intermediate Crude Oil looked set to register a solid weekly gain, supported by demand growth hopes in China and expectations of smaller interest rate hikes in the United States. Recent crude purchases by world’s largest oil importer China and an increase in road traffic added to optimism over demand recovery […]
Read moreJanuary 12, 2023 12:35 pm
Starbucks Corp’s support center employees in the US will be required to work from office at least three days in a week. Previously, they were required to work from office at least one day per week. From January 30th, the coffee chain’s employees within commuting distance will have to be in the office on Tuesdays, […]
Read moreJanuary 12, 2023 9:35 am
Karora Resources Inc said on Wednesday its full-year 2022 gold production had reached the record 133,836 ounces from its Beta Hunt and Higginsville mines in Western Australia. Full-year gold sales also hit the record 132,047 ounces, Karora said. Gold production remained robust at 37,258 ounces in the fourth quarter of 2022, while gold sales stood […]
Read moreJanuary 11, 2023 12:17 pm
Wells Fargo & Co (WFC) on Tuesday announced strategic plans to create a more focused home lending business, aiming to serve bank customers and minority communities. The bank will also exit the correspondent lending business and intends to reduce the size of its mortgage servicing portfolio. Wells Fargo also said it would invest an additional […]
Read moreJanuary 11, 2023 9:43 am
Skoda Auto, a unit of Volkswagen (VOWG), said on Wednesday its worldwide deliveries had slumped 17% in 2022 as a result of parts shortages, strained supply chains and the military conflict in Ukraine. Skoda delivered 731,300 vehicles globally in 2022, as it saw the biggest decrease in Russia – by 80%. “The market situation will […]
Read moreJanuary 10, 2023 9:07 am
EUR/USD traded in proximity to a seven-month peak on Tuesday, as market players bet the Federal Reserve may be approaching the end of its interest rate hike cycle, while risk sentiment was additionally underpinned by China reopening its borders. The US Dollar Index was inching down 0.04% on the day to 103.135, after sliding to […]
Read moreJanuary 9, 2023 12:25 pm
Stellantis and Element 25 Limited on Monday announced they had signed a binding agreement, under which Element 25 will supply battery grade, high purity manganese sulphate monohydrate to Stellantis to be used in electric vehicle batteries. The 5-year agreement envisages a total supply volume of 45 kilotons with options to extend the supply term and […]
Read moreJanuary 9, 2023 10:19 am
According to a report by Reuters, citing unidentified sources with knowledge of the matter, Goldman Sachs Group Inc intends to begin cutting thousands of jobs across its business from Wednesday, as it braces for unfavorable macroeconomic conditions this year. According to one of the sources, job reductions may exceed 3,000, but the final number is […]
Read moreJanuary 6, 2023 9:03 am
Spot Gold edged up on Friday and looked set to register a third consecutive week of advance ahead of the keenly anticipated US Non-Farm Payrolls data due out at 13:30 GMT. Employers in all sectors of the US economy, excluding farming, probably added 200,000 job positions in December, according to market consensus, following a job […]
Read moreJanuary 5, 2023 11:57 am
Technip Energies has secured a “large” contract for project management consultancy by Kuwait Oil Company, it said on Thursday. This 5-year framework agreement contract covers front-end engineering design, project management as well as associated services for Kuwait Oil Co’s key projects. This award is a renewal of the first 5-year framework agreement, which Technip Energies […]
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