September 5, 2022 9:10 am
EUR/USD slipped below the 0.9900 mark for the first time since December 2002 on Monday, as Russia’s gas supply halt through its major pipeline to Germany added to Europe’s challenges to secure fuel for the winter, stoking energy price concerns. Russia scrapped a Saturday deadline to resume gas flows via Nord Stream 1, as Gazprom […]
Read moreSeptember 2, 2022 9:46 am
NIO Inc (NIO), a leading company in the premium smart electric vehicle market, reported on Thursday an 81.6% year-on-year surge in its vehicle deliveries to 10,677 units in August. Those deliveries included 7,551 premium smart electric SUVs and 3,126 premium smart electric sedans, NIO said. Year-to-date, the company delivered 71,556 vehicles, or a 28.3% increase […]
Read moreSeptember 2, 2022 7:49 am
WPP said on Thursday that it would acquire Newcraft, a leading, data-first European e-commerce consultancy. Financial terms, however, were not disclosed. Established in 2007 and based in the Netherlands, Newcraft unlocks business opportunities for global clients such as Ahold Delhaize, Pon Holdings, Yakult and JDE Peet’s by combining transformation strategy with operational commerce expertise, aiming […]
Read moreSeptember 1, 2022 9:23 am
Spot Gold registered a six-week low on Thursday, mostly due to stronger US Dollar and prospects of aggressive policy tightening by central banks across the globe in an attempt to curb soaring inflation. CPI inflation in the Euro Area reached a record high level of 9.1% in August, which added to the case of more […]
Read moreSeptember 1, 2022 7:27 am
StoneX Group Inc said on Wednesday that its wholly-owned subsidiary StoneX Banco de Câmbio S.A. would expand its foreign exchange offering by providing access to FX Online, a digital platform where clients can effortlessly execute transactions across the StoneX global payments network. By using real-time data, FX Online substantially reduces the time and cost of […]
Read moreAugust 31, 2022 10:28 am
Tesla Inc (TSLA) announced on its Chinese website that the delivery waiting time for its Model Y vehicles in China had been reduced, the second time the US company makes such a decision in less than one month. The waiting time for the rear-wheel drive Model Y SUV is now cut to 1 to 4 […]
Read moreAugust 31, 2022 7:26 am
Nucor Corp (NUE) said on Tuesday that it would invest $200 million over the next five years in mill modernization projects at its Nucor Steel Berkeley division in Huger, South Carolina. Part of that investment will be in the construction of a new air separation unit for the purpose of supplying industrial gases for the […]
Read moreAugust 30, 2022 9:42 am
Boeing Co (BA) announced on Monday that United Parcel Service Inc (UPS) had ordered additional eight 767 freighter jets. With this new order, United Parcel’s fleet of 767 freighter jets is to expand to 108, while deliveries of the new aircraft are slated to begin in 2025. The financial terms of the agreement, however, remained […]
Read moreAugust 30, 2022 8:02 am
Sony Group Corp (6758) said on Monday that it would buy mobile game developer Savage Game Studios as part of a major push beyond console gaming. Sony did not disclose the financial details of the agreement. Founded two years ago, Savage Game Studios will become part of a new mobile unit of PlayStation Studios, the […]
Read moreAugust 29, 2022 9:14 am
The Euro was struggling just below parity with the US Dollar for a sixth consecutive trading day on Monday, as Europe’s energy woes weighed on sentiment, while the greenback advanced to a fresh two-decade peak against major peers after Fed Chair Jerome Powell indicated interest rates would be maintained at higher levels for longer to […]
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