July 5, 2022 6:23 am
E-commerce company Allegro announced on Monday it had appointed Roy Perticucci as its next Chief Executive Officer, effective September 1st. Perticucci will replace Francois Nuyts, who said in February he would part ways with the Polish firm. Nuyts, who is also director of the parent company Allegro.eu, is expected to step down from both roles […]
Read moreJuly 4, 2022 9:00 am
The US Dollar remained firm and risk-sensitive currencies were under pressure and in proximity to multi-year lows on Monday, as investors sought the relative safety of haven assets amid concerns over slowing global economic growth. Trade volumes are likely to remain thin on Monday due to the Independence Day holiday in the United States. The […]
Read moreJuly 1, 2022 11:17 am
Lamborghini intends to invest EUR 1.8 billion in the production of a hybrid lineup by 2024, Il Sole 24 Ore reported, citing the supercar brand’s Chief Executive Officer Stephan Winkelmann. The Italian company plans to invest even more in a fully electric model by the end of the decade. “We have earmarked 1.8 billion, but […]
Read moreJuly 1, 2022 7:33 am
ZoomInfo (ZI), a global leader in modern go-to-market software, data and intelligence, said on Thursday that it had appointed Alison Gleeson to its Board of Directors, effective July 1st. Previously, Gleeson was the Senior Vice President of Americas at Cisco, where she led almost 9,000 people and was responsible for over $25 billion in annual […]
Read moreJune 30, 2022 10:22 am
Canadian National Railway Company said on Wednesday that it intended to invest nearly $55 million in technology, capacity, rolling stock units and company-wide decarbonization initiatives in Minnesota this year. The investments are expected to drive “sustainable growth and ensure the continued safe movement of goods” in the region. “We continue to make significant investments in […]
Read moreJune 30, 2022 8:39 am
Futures on US West Texas Intermediate Crude Oil traded a notch higher in a volatile session on Thursday, as market players weighed US fuel inventory build and global supply disruptions. The official report by the US Energy Information Administration (EIA) showed on Wednesday crude oil inventories had decreased by 2.762 million barrels during the week […]
Read moreJune 29, 2022 10:35 am
Nissan Motor Co (7201) said this week it would recall over 300,000 SUVs in the United States after reports of the vehicles’ hood suddenly opening and obstructing the driver’s view. According to the auto maker, accumulation of dirt and dust on the secondary hood latch could result in it staying open even if the hood […]
Read moreJune 29, 2022 8:10 am
Berkshire Hathaway Inc said earlier this week it had acquired another 794,389 shares of Occidental Petroleum Corp (OXY), which brought its stake in the Texas-based oil company to about 16.4%. According to a Berkshire regulatory filing, the new share purchases were conducted in a number of transactions at a total cost of about $44 million. […]
Read moreJune 28, 2022 10:42 am
Parsons Corporation (PSN) said on Monday that it had been selected by the Greater Asheville Regional Airport Authority to provide program management, including evaluation, development and management of the terminal building modernization and expansion project. “Airports are vital connectors that stimulate economic growth and mobility,” Peter Torrellas, president, connected communities for Parsons, said in a […]
Read moreJune 28, 2022 9:11 am
USD/CAD registered a fresh two-week trough on Tuesday, as the Loonie drew support from recent rally in oil prices. WTI Crude Oil gained for a third straight trading day on Tuesday as key oil producers Saudi Arabia and the United Arab Emirates flagged capacity limitations, while political unrest in Libya and Ecuador additionally heightened supply […]
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