November 7, 2022 9:52 am
The Euro extends a rebound from a two-week low against the US Dollar on Monday, while moving closer to parity, as investors expect the European Central Bank will continue its policy tightening cycle to curb persistently high inflation. ECB President Lagarde said last week interest rates should keep rising, despite the higher probability of the […]
Read moreNovember 4, 2022 11:02 am
Livent Corp’s Chief Executive Officer said that the company was exploring acquisitions in Canada and other countries in an attempt to bolster production and processing of lithium, used in electric vehicle battery production. “We see Canada as a core part of our expansion capacity,” Paul Graves, Livent’s Chief Executive, was quoted as saying by Reuters. […]
Read moreNovember 4, 2022 8:25 am
Payments startup firm Stripe Inc announced plans to cut over 1,000 jobs in an attempt to reduce costs, as it prepares for “leaner times.” The company intends to slash its workforce by about 14% this week, which would bring the headcount back to a total of nearly 7,000, as was the case in February. “We […]
Read moreNovember 3, 2022 10:47 am
Gas importer Uniper (UN01) posted a record net loss of EUR 40 billion, one of the most considerable losses in Germany’s corporate history. The result comes as evidence to what extent Europe’s energy sector has been affected by Russia’s decision to discontinue its supplies for the continent. The shares of Uniper have plummeted 93% year-to-date, […]
Read moreNovember 3, 2022 9:10 am
According to Subaru Corp’s (7270) Chief Executive Officer, demand for new vehicles in the United States is still strong regardless of higher interest and loan rates. Subaru expects new vehicle sales in the US to be within the 14.0 million to 14.5 million range during the next financial year that begins in April 2023. The […]
Read moreNovember 2, 2022 1:18 pm
Vuzix Corp, a supplier of Smart Glasses and Augmented Reality technology, said on Tuesday that it had acquired Moviynt, a US-based SAP Certified ERP platform software solution provider, to support handheld mobile phones and scanners used in logistics, warehousing and manufacturing applications. At present, Moviynt’s SAP-based ERP mobility software solution is deployed in a number […]
Read moreNovember 2, 2022 11:49 am
Helix Energy Solutions Group Inc said earlier this week it had been awarded a deepwater well decommissioning contract by Shell Brasil Petroleo Ltda. The project, which is located offshore Brazil in the Campos Basin, is expected to begin operations in early 2024 for a minimum firm period of 12 months, plus client options to extend, […]
Read moreNovember 2, 2022 10:05 am
Zeekr, the premium electric car brand of Zhejiang Geely Holding Group, intends to sell its first electric vehicle in Europe in 2023, the company’s CEO said. Geely’s Zeekr was established in 2021 as a premium brand that targets younger customers. An Conghui, Zeekr’s Chief Executive Officer and Geely’s President, said at a roundtable in Wuzhen […]
Read moreOctober 31, 2022 9:25 am
USD/JPY extended a rebound from recent three-week lows on Monday, as the US Dollar firmed on cooling investor bets that the Federal Reserve could indicate a slowdown in its aggressive monetary policy tightening cycle. “Markets have been kind of expecting a Fed pivot on monetary policy. I think that is too premature, given how resilient […]
Read moreOctober 28, 2022 10:35 am
Jet engine maker and aerospace supplier Safran on Friday revised up its 2022 revenue and free cash flow forecasts, as its quarterly revenue was bolstered by a strong dollar. The company said it now projected full-year revenue of EUR 19 billion, compared to a prior forecast of EUR 18.2 billion to EUR 18.4 billion. Safran […]
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