August 25, 2022 10:53 am
Boeing Co (BA) said on Wednesday that it intended to build on its existing investments in India in fields such as defense supply chains and manufacturing. The US company is offering its F/A-18 fighter jet for sale to India’s military and it said the selection of the aircraft would help increase investments in the country’s […]
Read moreAugust 25, 2022 8:21 am
Spot Gold rose on Thursday, mostly due to a pullback in the US Dollar, as investors awaited the Federal Reserve’s annual Jackson Hole, Wyoming symposium this week for guidance on future interest rate hikes. “Expectations of a hawkish message from FOMC Chair Powell at Jackson Hole will likely keep upward pressure on the US dollar […]
Read moreAugust 24, 2022 8:56 am
Nissan Motor Co (7201) said on Tuesday that it would discontinue production of cylinder heads for Renault at its facility in Sunderland, northern England, from 2024. “From early 2024, Nissan Sunderland Plant will cease production of cylinder heads on site. We do not expect this to result in job losses, and are working with staff […]
Read moreAugust 23, 2022 4:49 pm
Vodafone Group Plc said earlier this week it had entered into heads of terms with 4iG Public Limited Company and Hungarian state holding company Corvinus in association with the potential sale of its Hungarian unit, Vodafone Magyarország Távközlési Zrt, for a total cash consideration equal to an enterprise value of approximately €1.8 billion. Vodafone Magyarország […]
Read moreAugust 23, 2022 12:47 pm
The gender pay gap in the United States has been an intensively discussed topic for several decades. TradingPedia‘s research team has decided to look into that matter more closely and present some actual data reflected through different employee characteristics, including occupation, age, education and type of employment. Women engaged in managerial roles in the United […]
Read moreAugust 23, 2022 9:28 am
AUD/USD bounced off a one-month low, recorded earlier on Tuesday, as market sellers seemed to have shifted their focus to the Euro amid a deepening energy crisis in Europe. The common currency has been pressured by skyrocketing energy prices across Europe, which is fueling inflation and is forcing central banks to raise interest rates even […]
Read moreAugust 22, 2022 9:09 am
EUR/USD plummeted to a fresh more than five-week trough on Monday, after Russia said European gas supplies via the Nord Stream 1 pipeline would be halted for three days at the end of August, which mounted more pressure on the region as it looks to refuel ahead of the winter period. Bundesbank President Joachim Nagel […]
Read moreAugust 22, 2022 6:21 am
Wayfair Inc (W) said last week that it would cut nearly 870 jobs (5% of its global workforce), as it seeks to reduce operating expenses and to realign investment priorities. The company said the costs related to the layoffs would be within the range of $30 million to $40 million, mostly due to employee severance […]
Read moreAugust 19, 2022 9:07 am
Tesla Inc (TSLA) announced on Thursday that the delivery waiting time for its Model 3 and Model Y vehicles in China had been reduced, as the company increases production at its Shanghai facility following production line upgrade. The waiting time for the rear-wheel drive Model Y SUV is now cut to 4 to 8 weeks, […]
Read moreAugust 18, 2022 10:39 am
Lowe’s Companies Inc (LOW) on Wednesday warned of a hit to full-year sales and reported an unexpected drop in comparable sales, as demand for tools and paints eased from pandemic highs amid soaring inflation and a return to pre-pandemic work routines. Lowe’s reported a surprise 0.3% drop in quarterly comparable sales, while the median analyst […]
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