April 22, 2022 8:55 am
Renault SA (RENA) on Friday reported lower first-quarter revenue, dented by the military conflict in Ukraine and a semiconductor shortage. The auto maker’s total revenue dropped 2.7% year-on-year to EUR 9.748 billion in the quarter. Excluding business operations of Avtovaz and Renault Russia, the group’s revenue went down 1.1% year-on-year to EUR 8.9 billion. In […]
Read moreApril 21, 2022 7:58 am
Futures on US West Texas Intermediate Crude Oil rose more than 1% in volatile trade on Thursday, with the market affected by supply concerns stemming from potential European Union ban on Russian oil and after an announcement by Libya of decreased oil output. “EU discussions to ban or phase out Russian oil purchases, the biggest […]
Read moreApril 20, 2022 9:35 am
Verizon Communications Inc (VZ) said earlier this week it would increase the minimum pay of its new and existing customer service, retail and inside sales employees to $20 per hour in light of a tight labor market and surging inflation. The wireless carrier also said that retail specialist and assistant manager roles in some regions […]
Read moreApril 19, 2022 10:22 am
Western Digital Corp (WDC) and Kioxia Corp said last week they had formally agreed to jointly invest in the first phase of the Fab7 (Y7) manufacturing facility at Kioxia’s Yokkaichi plant located in the Mie Prefecture of Japan. Construction of the first phase of the Y7 facility has already been completed, while initial production is […]
Read moreApril 19, 2022 9:08 am
NZD/USD rebounded from Monday’s seven-week trough of 0.6715 on Tuesday, after Reserve Bank of New Zealand Governor Adrian Orr said the bank remained focused on constraining inflation expectations and was ready to hike interest rates further in upcoming quarters. The RBNZ Governor said if the central bank raised interest rates too slowly there was a […]
Read moreApril 18, 2022 9:35 am
In an interview with CNBC last week, Amazon.com Inc’s (AMZN) Chief Executive Officer Andy Jassy said that the e-commerce company would probably not add cryptocurrency as a payment option to its retail business anytime soon. The CEO also said that users might be able to sell non-fungible tokens (NFTs) on Amazon’s e-commerce platform and that […]
Read moreApril 18, 2022 8:10 am
USD/JPY registered a fresh two-decade peak at 126.79 during the early Asian session on Monday, before comments from Bank of Japan Governor Haruhiko Kuroda and Finance Minister Shunichi Suzuki led to a swift bounce to 126.24. Although the US Dollar was stuck in a narrow range due to the Easter holiday in many parts of […]
Read moreApril 15, 2022 8:57 am
Oliver Zipse, BMW’s Chief Executive Officer, said during a roundtable in New York, that companies needed to be careful not to become too dependent on a few countries by focusing on electric vehicles only. The CEO noted that there still existed a market for combustion engine vehicles. “When you look at the technology coming out, […]
Read moreApril 14, 2022 9:41 am
Walmart Inc (WMT) said earlier this week it had appointed John Rainey, PayPal Holdings Inc’s finance head, as its next Chief Financial Officer. After having spent nearly seven years with PayPal, Rainey will assume the CFO role on June 6th. He is to replace Brett Biggs, who has been Walmart’s finance head since 2015 and […]
Read moreApril 14, 2022 8:04 am
Lakeland Industries Inc (LAKE), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, said on Wednesday that its Board of Directors had authorized a new stock buyback program, under which Lakeland will repurchase up to $5 million of its outstanding common stock. The new […]
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