October 28, 2022 9:09 am
Futures on US West Texas Intermediate Crude Oil retreated more than 1% on Friday after China, a key crude oil importer, doubled down on COVID-19 curbs. Yet, the futures were set to register a weekly advance due to supply concerns ahead of EU’s cut-off of Russian oil imports. Yesterday a number of Chinese cities tightened […]
Read moreOctober 27, 2022 12:00 pm
Air Canada said on Wednesday that it had converted options for 15 Airbus A220-300 jets into firm orders, which brings the total number of the Canada-built aircraft acquired for its fleet to 60. The air carrier had placed its initial order for the A220-300 in 2016, when the aircraft was known as the Bombardier C […]
Read moreOctober 27, 2022 8:53 am
EUR/USD was trading near a fresh six-week high on Thursday ahead of the ECB policy meeting later in the day, while the US Dollar weakened amid rising hopes the Federal Reserve will implement less aggressive policy tightening to temper recession risks. “Fundamentally, there are factors that are still favouring the U.S. dollar: rate differentials, the […]
Read moreOctober 26, 2022 10:59 am
Norwegian Air on Wednesday posted a higher net profit for the third quarter, supported by recovery from the pandemic and a two-week pilot strike at its main Nordic competitor SAS in July. Yet, the company said capacity would be reduced during the winter period. Third-quarter net profit went up to NOK 910 million ($87.57 million) […]
Read moreOctober 26, 2022 7:47 am
HSBC Holdings plc said on Tuesday that Georges Elhedery had been appointed as Group Chief Financial Officer and an Executive Director of the Board of Directors, effective January 1st 2023. Additionally, Greg Guyett has been appointed as Chief Executive Officer of Global Banking and Markets with immediate effect. The banking group also said Ewen Stevenson […]
Read moreOctober 25, 2022 11:45 am
Qualcomm Technologies Inc and Cognizant will expand their collaboration in an attempt to speed up enterprise digital transformation via a new 5G experience center in Atlanta, the companies said on Tuesday. The partnership is expected to combine Cognizant’s deep experience in 5G, IoT, cloud and data analytics with Qualcomm’s intelligent edge devices, AI and 5G […]
Read moreOctober 25, 2022 9:12 am
According to a report by Bloomberg News, BMW supplier European Lithium is in talks to go public on Nasdaq via a merger with SPAC Sizzle Acquisition Corp. As a result of the deal, the combined business is expected to have a market value of nearly $972 million, assuming no redemptions. Named Critical Metals Corp, the […]
Read moreOctober 24, 2022 8:51 am
The Japanese Yen received only a brief support against the US Dollar on Monday as a result of a suspected Bank of Japan intervention in the market. The USD/JPY pair reached an intraday high at 149.70 during the early phase of the Asian trading session, after which it plunged to 145.28 in a matter of […]
Read moreOctober 21, 2022 11:18 am
Nordea’s third-quarter operating earnings, reported on Thursday, topped market estimates, as the group’s interest income surged amid rampant inflation and aggressive central bank monetary policy tightening. The Finnish banking group, which has sizeable presence in Norway, Finland, Sweden and Denmark, reported an operating profit of EUR 1.30 billion during the latest quarter, up from EUR […]
Read moreOctober 21, 2022 10:01 am
Spot Gold retreated to a fresh three-week low on Friday and looked set for a second straight week of losses, pressured by rising US bond yields and firm US Dollar in light of hawkish remarks from Federal Reserve officials. 10-year US Treasury yields rose to highs not seen since June 2008 and the US Dollar […]
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