July 21, 2022 8:02 am
Futures on US West Texas Intermediate Crude Oil extended losses on Thursday as demand-related concerns overshadowed tight supply, with government data showing US gasoline stocks rising during the peak of the peak driving season. The official report by the US Energy Information Administration (EIA) showed on Wednesday gasoline inventories had increased by 3.498 million barrels […]
Read moreJuly 20, 2022 10:49 am
NXP Semiconductors said on Wednesday that it had signed a memorandum of understanding with Hon Hai Technology Group, the largest electronics manufacturer globally, to jointly develop platforms for the next generation of smart connected vehicles. Hon Hai Technology Group will leverage NXP’s portfolio of automotive technologies as well as its expertise in safety and security […]
Read moreJuly 20, 2022 7:27 am
Delta Air Lines (DAL) said on Tuesday it would purchase 12 new A220-300 aircraft from Europe’s Airbus. “These additional aircraft in the A220 family are an excellent investment for our customers and employees and will be fundamental as we work toward a more sustainable future for air travel,” Mahendra Nair, Delta Air’s senior vice president, […]
Read moreJuly 19, 2022 8:57 am
AUD/USD advanced for a third straight trading day on Tuesday, rebounding from last week’s 25 1/2-month low, after the Minutes of the Reserve Bank of Australia’s July policy meeting showed interest rates in the country were still too low for an economy with a tight labor market and facing a period of high inflation. RBA […]
Read moreJuly 18, 2022 9:10 am
NZD/USD extended a rebound from a 26-month trough on Monday, after New Zealand’s CPI inflation reached a three-decade peak, while exceeding market expectations and adding to the possibility of a huge interest rate hike from the Reserve Bank of New Zealand. The country’s annual consumer price inflation was reported at 7.3% in the second quarter, […]
Read moreJuly 17, 2022 3:24 pm
Last Friday, Toyota Motor Corp (7203) revealed four new models of its Crown range, including a sport-utility vehicle for the first time. Toyota will sell the 16th generation of the Crown outside Japan for the first time in earnest, as it intends to reach nearly 40 countries. “The Crown was a symbol of Japan’s affluence […]
Read moreJuly 15, 2022 11:41 am
Ford Motor Co (F) said in a regulatory filing on Thursday it had finalized the establishment of a joint venture with South Korean battery maker SK On Co that aims to set up and operate battery production facilities in the United States. The venture is to set up a battery plant for electric vehicles in […]
Read moreJuly 15, 2022 7:19 am
Nintendo said on Thursday it intended to acquire 100 percent of outstanding shares of Tokyo-based CG animation company Dynamo Pictures Inc. The deal is to close on October 3rd, pending satisfaction of all relevant terms and customary closing conditions. Nintendo said the acquisition was expected to “strengthen the planning and production structure of visual content […]
Read moreJuly 14, 2022 12:02 pm
Global investment firm KKR announced on Wednesday the final close of KKR Asset-Based Finance Partners, its first fund dedicated to asset-based finance investments. The $2.1 billion fund will commit capital internationally to privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard assets, KKR said. KKR Asset-Based […]
Read moreJuly 14, 2022 7:48 am
Futures on US West Texas Intermediate Crude Oil resumed their slide on Thursday, while hovering above a three-month trough, as markets were concerned a sizable Fed rate hike aimed to curb accelerating inflation would also hamper oil demand. The latest macro data showed US annual CPI inflation had reached a 40 1/2-year peak at 9.1% […]
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