February 17, 2022 11:35 am
Barrick Gold Corp announced yesterday a share repurchase program of up to $1 billion and raised dividend payout, as it reported better-than-expected fourth-quarter results. Total revenue went up 17% from the prior quarter to $3.310 billion, while exceeding a consensus of analyst estimates of $3.147 billion. Excluding special items, the company earned $0.35 per share […]
Read moreFebruary 17, 2022 9:10 am
Futures on US West Texas Intermediate Crude Oil recovered from a one-week low, registered earlier on Thursday, after a report by Russian state news agency RIA of mortar shelling in Ukraine. Separatists in eastern Ukraine, backed by Russia, accused Kyiv government forces on Thursday of opening fire on their territory four times in the past […]
Read moreFebruary 16, 2022 10:21 am
General Motors Co (GM) announced yesterday that it would extend a production halt to its Chevrolet Bolt electric vehicle until early April after a recall. Last August the company widened a recall of the Bolt to over 141,000 vehicles so that it can replace battery modules following multiple reports of fires in parked vehicles. “We […]
Read moreFebruary 16, 2022 7:19 am
The China Passenger Car Association said earlier this week Tesla Inc (TSLA) had sold 59,845 China-produced vehicles in January. That followed 70,847 China-made vehicles sold in December. Tesla is manufacturing Model 3 sedans and Model Y Sport-utility vehicles at its Shanghai facility. The CPCA said China-based passenger car sales totaled 2.11 million units in January, […]
Read moreFebruary 15, 2022 10:10 am
AUD/USD rebounded from a one-week low on Tuesday, supported by higher prices for Australia’s mix of commodities – from liquefied natural gas to iron ore. Meanwhile, the RBA policy makers will remain patient before hiking interest rates, the minutes of the central bank’s recent policy meeting showed. Still, Aussie gains were capped, as market players […]
Read moreFebruary 14, 2022 12:41 pm
Stellantis said last week that it would recall 19,808 plug-in hybrid minivans and advised owners to refrain from recharging them, as it had received reports of 12 cases of fire eruption in parked vehicles. The recall is to affect Chrysler Pacifica Hybrid vehicles manufactured in 2017 and 2018. 16,741 vehicles will be recalled in the […]
Read moreFebruary 14, 2022 10:12 am
Following its sharpest daily increase in almost 2 years on Friday, USD/RUB was mostly steady at the start of the new week, while Russian shares plunged for a second straight session on renewed concerns over an imminent aggressive move by Russia against Ukraine. Russia has massed over 100,000 troops near its border with Ukraine, has […]
Read moreFebruary 11, 2022 9:50 am
Spot Gold eased from recent two-week peak on Friday, as the US Dollar firmed and US Treasury yields rose above 2% for the first time in 2 1/2 years on expectations the Federal Reserve will probably raise interest rates in March in response to hot consumer inflation data. Annual CPI inflation in the United States […]
Read moreFebruary 11, 2022 8:11 am
Linde PLC (LIN) said it forecast a 10% to 13% growth in its full-year adjusted earnings per share, as it reported a higher-than-anticipated fourth-quarter profit yesterday. The company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, said it would achieve the EPS objective through higher pricing, strong volumes and productivity […]
Read moreFebruary 10, 2022 10:21 am
Following a Wednesday rally on the back of a surprise US crude inventory drop, futures on US West Texas Intermediate Crude Oil were in consolidation mode on Thursday ahead of the outcome of US-Iran nuclear talks. A potential agreement could lift US sanctions on Iran’s oil and ease supply tightness worldwide. “The restoration of sanction […]
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