September 27, 2022 9:28 am
Having touched a fresh 28-month trough on Monday, AUD/USD saw a certain rebound on Tuesday, as oversold investor positions were pared and volatility eased a bit. But since the US Dollar remained firm on expectations US interest rates will probably stay higher for a longer period, risk-sensitive currencies such as the Aussie were still experiencing […]
Read moreSeptember 27, 2022 7:18 am
Paysafe, a leading specialized payments platform, said this week it had made an entry into the new Kansas online sports-betting market. With this move, Paysafe will support multiple online sportsbooks in the state with players’ credit and debit card deposits plus ACH payments, it said. Meanwhile, Paysafe’s marketing technology and services provider Income Access will […]
Read moreSeptember 26, 2022 8:00 am
Ford Motor Co (F) said last week that it had initiated construction of BlueOval City, the largest and most advanced auto production complex in its 119-year history. The facility will build a revolutionary all-new electric truck and advanced batteries for future Ford and Lincoln vehicles in West Tennessee, the company said. The nearly 6-square-mile, $5.6 […]
Read moreSeptember 23, 2022 9:46 am
Spot Gold was trading within a relatively tight range on Friday and was set to register a second straight week of losses, as US Treasury yields hit their highest levels in over a decade and the US Dollar was at a fresh 20-year peak, driven by expectations of more aggressive interest rate hikes by the […]
Read moreSeptember 23, 2022 6:20 am
Toyota Motor Corp (7203) said on Thursday that it aimed to produce about 800,000 vehicles globally next month, as semiconductor shortages continued to persist. In August, the Japanese auto maker had said it sought to produce about 900,000 vehicles per month from September through November. According to Toyota’s October production plan, production will be suspended […]
Read moreSeptember 21, 2022 10:18 am
Ford Motor Co (F) warned earlier this week inflation-related supplier costs would be about $1 billion higher than expected during the third quarter. The auto maker said it would have 40,000 to 45,000 vehicles in inventory due to unspecified parts supply shortages. Ford said those vehicles would be “completed and sold to dealers during the […]
Read moreSeptember 21, 2022 7:50 am
World Health Energy Holdings Inc (WHEN), a telecom and cybersecurity company with proprietary technologies aimed to protect individuals and businesses from cybersecurity threats, said on Tuesday that its Polish subsidiary, Cross Mobile Sp. z o.o., had signed a GSM contract with Polkomtel Sp. z o.o. “The signing of this contract is the first of three […]
Read moreSeptember 20, 2022 10:49 am
According to a report by Spanish news website El Confidencial, which cited unnamed sources, Amazon.com Inc (AMZN) has suspended the construction of new warehouses in Spain until 2024. On the other hand, the US e-commerce giant said that its commitment to Spain remained. “In 2022, we have opened new logistics stations, Amazon Fresh hubs and […]
Read moreSeptember 20, 2022 9:10 am
AUD/USD was trading in proximity to last Friday’s 27 1/2-month low of 0.6670 on Tuesday, as the US Dollar remained strong on expectations of another aggressive interest rate hike by the Federal Reserve this week in an attempt to curb red-hot inflation. The greenback also received support from higher bond yields. The yield on US […]
Read moreSeptember 19, 2022 8:16 am
The Euro was trading mostly below parity with the US Dollar at the start of the new week, with the common currency pressured by poor economic outlook as energy woes persist. Meanwhile, the greenback stood just below September 7th more than two-decade peak of 110.79 against peers ahead of the highly anticipated FOMC policy decision. […]
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