June 13, 2022 9:39 am
USD/JPY scaled a fresh 23 1/2-year high on Monday, since the spread between US and Japanese bond yields widened following last week’s red hot US CPI inflation report. Monetary policy divergence in Japan and overseas has already become quite evident. While Bank of Japan continues sticking to ultra-accommodative policy, the Federal Reserve is expected to […]
Read moreJune 13, 2022 7:21 am
Netflix Inc (NFLX) shares closed 5% lower on Friday, after Goldman Sachs downgraded the company due to risks of slower consumer spending and intense competition from Walt Disney Co and Amazon. Netflix Inc’s services suspension in Russia after the Ukraine invasion has also had an impact on the streaming company. Goldman Sachs cut its rating […]
Read moreJune 10, 2022 11:05 am
Mastercard Inc said on Thursday that it was collaborating with a number of NFT marketplaces and web3 infrastructure providers in an attempt to facilitate the process of purchasing NFTs. The company said it was working with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and MoonPay to make the process easier and safer. […]
Read moreJune 10, 2022 8:23 am
General Motors Co (GM) said earlier this week it intended to initiate production of its Chevrolet Tracker SUV in Argentina in July. Production plans were discussed by Shilpan Amin, a GM senior vice president and president of GM International, and Argentine President Alberto Fernandez during a meeting in Los Angeles. A spokesperson for the US […]
Read moreJune 9, 2022 10:37 am
Microsoft Corp (MSFT) said on Wednesday that it would significantly reduce its business in Russia, while becoming another major tech company to cut back operations or leave the country following Russia’s incursion into Ukraine. “As a result of the changes to the economic outlook and the impact on our business in Russia, we have made […]
Read moreJune 9, 2022 8:49 am
Futures on US West Texas Intermediate Crude Oil eased from a three-month peak on Thursday, as new COVID-19 lockdown measures imposed in parts of Shanghai overshadowed better-than-anticipated export data from China. Chinese exports surged 16.9% year-on-year in May, or at the fastest rate since January and well above market consensus, as relaxation of coronavirus-related restrictions […]
Read moreJune 8, 2022 11:20 am
Advanced Micro Devices Inc (AMD) said on Tuesday that it had priced an underwritten public offering of $1 billion aggregate principal amount of senior notes. The offering, which is expected to close on June 9th, includes $500 million aggregate principal amount of AMD’s 3.924% senior notes due to mature on June 1st 2032 and $500 […]
Read moreJune 8, 2022 8:16 am
CUPRA plans to launch three electric vehicle models by 2025, Volkswagen’s Spanish brand said on Tuesday. The Terramar will be CUPRA’s first electrified sport-utility vehicle model and will be available in 2024 either with an internal combustion engine or as a plug-in hybrid. The same year will see the launch of another electric concept model, […]
Read moreJune 7, 2022 10:11 am
Nexa Resources S.A. (NEXA) said on Monday that Rodrigo Menck, Senior Vice President of Finance and Group Chief Financial Officer, intended to step down from his role of CFO as of July 6th. Menck became part of Nexa’s team in 2016 and served as Head of Treasury & Investor Relations before his appointment as CFO […]
Read moreJune 7, 2022 8:33 am
AUD/USD traded within an almost 100-pip range on Tuesday, after the Reserve Bank of Australia (RBA) surprised markets, delivering the largest interest rate hike in 22 years and signaled more hikes were on the horizon. The RBA raised its cash rate by 50 basis points to 0.85% at its June meeting earlier Tuesday, while surprising […]
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