May 12, 2022 8:55 am
Futures on US West Texas Intermediate Crude Oil retreated more than 2% on Thursday in what has so far been a volatile week, as recession concerns pressured global markets, overshadowing supply hurdles and geopolitical tensions. Oil, along with other market segments, has been under pressure this week due to a complex of factors, including monetary […]
Read moreMay 11, 2022 10:11 am
Ford Motor Co (F) said in a regulatory filing on Tuesday that it had sold 8 million shares of electric vehicle maker Rivian Automotive Inc for $214 million ($26.80 per share). The US auto maker currently holds a 10.5% stake (about 94 million shares) and is Rivian Automotive’s fourth-largest shareholder. T.Rowe Price Associates remains the […]
Read moreMay 11, 2022 7:56 am
Renault SA (RENA) said earlier this week it was expecting a double-digit margin for its new Mobilize brand, established around new mobility and data solutions, which should account for 20% of Renault’s total group turnover by 2030. Mobilize will provide services such as ride hailing, car sharing, subscription services as well as leasing, where customers […]
Read moreMay 10, 2022 10:32 am
Lockheed Martin Corp’s (LMT) Chief Executive Officer James Taiclet said in an interview with CBS News that the company intended to increase production of Javelin missiles, the anti-tank weapon that has aided Ukraine in the military confrontation with Russia, nearly twofold. The CEO added the weapons maker planned to bolster output to 4,000 units per […]
Read moreMay 10, 2022 8:47 am
AUD/USD plunged to a fresh 22-month low on Tuesday, dragged down by investor concerns over slowing global economic growth. Global equity markets took a hit on Monday, with a sell-off led by mega-cap growth stocks sending NASDAQ down over 4%. Asian equities were also in the red on Tuesday, with Nikkei 225 down 0.58%, Hang […]
Read moreMay 9, 2022 10:30 am
Watermark Lodging Trust Inc said last Friday that it had entered into a definitive agreement with private real estate funds managed by Brookfield, under which Brookfield will purchase all of the outstanding shares of common stock of Watermark for $6.768 per Class A share and $6.699 per Class T share. The total value of the […]
Read moreMay 9, 2022 9:31 am
USD/JPY scaled a high unseen in over 20 years on Monday amid rising US interest rates and on concerns stemming from accelerating inflation, the military conflict in Ukraine, as well as from tighter COVID-19-related lockdown restrictions in Beijing and Shanghai. “Moves in U.S. interest rates are not the only dollar support,” NatWest Markets strategists wrote […]
Read moreMay 5, 2022 10:26 am
Germany’s Lufthansa (LHAG) on Thursday reported a larger-than-anticipated loss for the first quarter, as the positive effect on revenue from post-COVID travel demand boom has been offset by higher fuel costs. The company’s adjusted loss before interest and taxes (EBIT) shrank to EUR 591 million during the first quarter from EUR 1.05 billion in the […]
Read moreMay 5, 2022 7:37 am
Futures on US West Texas Intermediate Crude Oil extended gains in a volatile trading session on Thursday as a new sanctions proposal by the European Union against Russia overshadowed China demand worries. The proposal, announced by European Commission President Ursula von der Leyen, includes phasing out Russian crude oil supplies in 6 months and refined […]
Read moreMay 4, 2022 10:20 am
Sweden-based Volvo Car Group (VOLCARb) said on Wednesday that its vehicle sales had slumped 24.8% in April compared to the same month of 2021, since production was hit by lockdowns in China and supply chain issues worldwide. Volvo Car Group’s sales in China plunged 47.8% last month, those in the United States dropped 9.2% and […]
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