April 13, 2022 9:24 am
American Airlines Group (AAL) said this week it projected higher costs during the current quarter amid looming worker shortage and surging jet fuel prices globally due to Ukraine crisis. The air carrier expects a pretax loss, excluding special items, within the range of 21.3% to 22.6% during the quarter. American Airlines said it now expected […]
Read moreApril 13, 2022 7:27 am
German manufacturer Bosch said on Tuesday that it had halted production at two facilities in China – at a Thermotechnology plant in Shanghai and at an automotive components site in Changchun in Jilin province, as it sticks to government policies aimed to restrain the spread of COVID-19. Two other auto parts facilities, in Shanghai and […]
Read moreApril 12, 2022 10:30 am
Goldman Sachs Group Inc (GS) announced on Monday the acquisition of Netherlands-based asset manager NN Investment Partners in a deal valued at EUR 1.7 billion ($1.9 billion). Previously part of NN Group, NN Investment Partners will be integrated into Goldman Sachs Asset Management. The acquisition of NN Investment Partners is to bring Goldman Sachs’s assets […]
Read moreApril 12, 2022 8:27 am
EUR/USD did not manage to hold on to Monday’s slim gain after French President Emmanuel Macron’s victory over far-right challenger Marine Le Pen in the first round of presidential voting. “The bottom line, then, is that we are where we were before yesterday’s vote,” Rabobank analysts wrote in an investor note. “Macron looks set to […]
Read moreApril 11, 2022 10:54 am
United Airlines (UAL) said on Friday that it had put off the return of some grounded Boeing 777 jets with Pratt & Whitney 4000 engines until at least May 12th. In February 2021, a United Airlines 777 jet’s engine failed shortly after takeoff from Denver, resulting in debris over nearby cities. Yet, there have been […]
Read moreApril 11, 2022 8:00 am
USD/JPY surged to a fresh 82-month high on Monday, supported by inexorably rising US Treasury yields. US 10-year bond yields soared to over 2.77%, or their highest level in three years, and exceeded China’s government bond yields for the first time since 2010, as the Federal Reserve prepares to hike interest rates sharply. Markets have […]
Read moreApril 8, 2022 9:13 am
Futures on US West Texas Intermediate Crude Oil were set for a second straight week of losses, as the planned release of 240 million barrels from consuming nations’ emergency oil stocks outweighed supply concerns stemming from western sanctions on Russia. According to analysts, the emergency oil release of nearly 1 million barrels per day from […]
Read moreApril 8, 2022 7:31 am
JD.com Inc (JD), a leading supply chain-based technology and service provider, said on Thursday that it had appointed Lei Xu, the company’s president, as its new Chief Executive Officer with immediate effect. Xu will succeed Richard Liu and will also join JD.com Inc’s board of directors as an executive director. Richard Liu will continue to […]
Read moreApril 7, 2022 9:32 am
Shell announced on Thursday that it would write down up to $5 billion after its decision to leave the Russian Federation, as surging oil and gas prices supported trading activities in Q1. The oil major had previously said that Russia-related writedowns would be nearly $3.4 billion. The increase came as a result of additional potential […]
Read moreApril 7, 2022 7:29 am
Toyota Motor Corp (7203) said earlier this week it would close its facility in the Brazilian city of Sao Bernardo do Campo and move vehicle production to its other manufacturing sites in the state of Sao Paulo. According to Toyota, the move is part of its plan “to become more competitive when facing the challenges […]
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