August 18, 2022 9:09 am
After an 1.8% gain in the prior trading day, futures on US West Texas Intermediate Crude Oil traded little changed on Thursday, as investors weighed a drop in US crude stocks against a surge in Russian oil output and global recession concerns. The official report by the US Energy Information Administration (EIA) showed on Wednesday […]
Read moreAugust 17, 2022 10:41 am
CAE said on Tuesday that it had inked an exclusive 15-year agreement with the Qantas Group to develop and operate a new pilot training centre in Sydney, Australia. The 7,000 square-metre CAE Sydney Training Centre is expected to open in early 2024. Having a capacity for up to eight full-flight simulators, the training centre will […]
Read moreAugust 17, 2022 8:14 am
American Airlines Group Inc (AAL) said on Tuesday it had agreed to purchase 20 Overture jets from Boom Supersonic. With the deal, American has become the second major US air carrier to bet on ultra-fast passenger travel in the past two years. The company has made an unspecified non-refundable deposit on the first 20 jets, […]
Read moreAugust 16, 2022 8:07 am
AUD/USD extended losses on Tuesday, as disappointing macro data reinforced recession concerns, triggering a move into safe haven assets. China’s industrial production, retail sales and fixed-asset investment data prints, reported on Monday, all fell short of market consensus, signaling a nascent recovery from strict COVID-19-related lockdowns seemed to have faltered. In the US, the NAHB […]
Read moreAugust 15, 2022 8:57 am
NZD/USD eased from recent two-month peak on Monday, after the latest macro data set from China, a key trading partner to New Zealand, indicated a nascent recovery from strict pandemic-related lockdowns seemed to have faltered. China’s industrial production, retail sales and fixed-asset investment data prints, reported earlier on Monday, all fell short of market consensus. […]
Read moreAugust 12, 2022 9:52 am
Petroleo Brasilero SA said yesterday that refinery gate diesel prices would be lowered by 4%, starting August 12th. This has been the second price cut in a week amid a drop in global prices. In a statement on its website, the Brazilian state-run oil company announced its diesel prices would be reduced to 5.19 reais […]
Read moreAugust 12, 2022 7:45 am
Deutsche Telekom on Thursday revised up its annual profit forecast for the second time, as quarterly earnings topped estimates. The company also said that it could accomplish its objective to acquire a majority stake in T-Mobile much sooner than 2024. Total revenue went up 5.9% year-on-year to EUR 28.2 billion in the second quarter, in […]
Read moreAugust 11, 2022 10:24 am
Toshiba Corp (6502) on Wednesday reported a surprise operating loss for its fiscal first quarter. According to Masayoshi Hirata, Toshiba’s Chief Financial Officer, this first quarterly loss in 2 years was a result of rising prices of steel, copper and components sourced from suppliers. “We have been able to only offset about half the impact […]
Read moreAugust 11, 2022 7:59 am
Having risen over 1% yesterday, futures on US West Texas Intermediate Crude Oil edged lower on Thursday, as investors weighed easing supply disruption concerns against proof of improving fuel demand. The official report by the US Energy Information Administration (EIA) showed on Wednesday gasoline inventories had decreased by 4.978 million barrels to 220.3 million barrels […]
Read moreAugust 10, 2022 9:48 am
Ford Motor Co (F) said earlier this week it would hike the prices of its electric F-150 Lightning pickup, as the company faces soaring raw material costs. The prices of Ford’s 2023 model F-150 lightning will be raised by between $6,000 and $8,500, depending on the variant. The price of the cheapest Pro model is […]
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