January 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 […]
Read moreJanuary 27, 2023 10:05 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading session on Friday, supported by faster-than-anticipated US GDP growth and optimism over a swift recovery in China’s fuel demand as COVID-19 infections and deaths in the country significantly decreased from recent peak levels. The latest preliminary data by the US Bureau […]
Read moreJanuary 26, 2023 2:59 pm
Amdocs, a provider of software and services to communications and media companies, said on Thursday that it had launched its Subscription Marketplace service, which expands the breadth of Amdocs MarketONE. Major communications service providers across North America, Asia and Europe are already leveraging this marketplace with pre-integrated top-tier partners beyond media, including gaming, business applications, […]
Read moreJanuary 26, 2023 10:09 am
Lockheed Martin Corp (NYSE: LMT) and SAP SE (NYSE: SAP) said on Wednesday that they had expanded their strategic relationship to transform the mission-critical business systems that power Lockheed Martin’s OneLM Transformation Program. The latter represents the business and digital transformation effort that aims to improve Lockheed Martin’s speed, agility, insights and competitiveness. With this […]
Read moreJanuary 25, 2023 12:27 pm
Walmart Inc (NYSE: WMT) announced on Tuesday that it intended to increase average hourly pay for its store workers across the United States, starting in February. With the new wage hikes, the average hourly pay will become $17.50, compared with the current $17.00 per hour, and will reflect in March 2nd paychecks. According to a […]
Read moreJanuary 25, 2023 10:18 am
GAM said on Wednesday that it expected a net loss after tax of about CHF 309.9 million for the entire 2022 due to negative asset flows. The Swiss asset manager also said it expected an underlying pre-tax loss of nearly CHF 42.8 million. “2022 was a challenging year with our financial results seeing the impact […]
Read moreJanuary 24, 2023 11:54 am
Ford Motor Co (F) said on Monday that it expected to record a pre-tax remeasurement gain in its fourth-quarter results of nearly $50 million associated with the company’s pension and other postretirement employee benefits (OPEB) plans. That figure includes a $1.7 billion loss related to pension plans in the United States, a $450 million gain […]
Read moreJanuary 24, 2023 10:26 am
EUR/USD traded in proximity to a fresh nine-month peak on Tuesday, as market players were weighing the chances of US economy entering a recession against the Federal Reserve’s monetary policy outlook. Markets are now pricing two more 25 basis point rate hikes by the Federal Reserve this year and rates peaking at around 5% by […]
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