May 30, 2022 8:57 am
Having slipped to a one-month trough last week, USD/JPY remained relatively stable just above the 127.00 mark on Monday, as investors have scaled back bets that US monetary policy tightening will trigger more dollar gains, while global recession concerns have eased a bit. US stock and bond markets will remain closed on Monday for the […]
Read moreMay 27, 2022 10:16 am
Toyota Motor Corp (7203) on Friday revised down its global production plan for June for the second time this week. The Japanese auto maker cut the planned production by about 50,000 vehicles to 800,000 units, as it cited the impact of the Shanghai lockdown. The company said that operations at some of its facilities across […]
Read moreMay 27, 2022 8:33 am
Southwest Airlines Co (LUV) on Thursday provided upbeat revenue forecast for the current quarter due to robust travel demand, despite concerns that a surge in inflation may curb consumer spending. The company said it now expected a 12% to 15% increase in current-quarter operating revenue compared to pre-pandemic levels. Previously, it had forecast an 8% […]
Read moreMay 26, 2022 10:00 am
Apple Inc (AAPL) said on Wednesday that it would raise the starting pay for its employees in the United States amid a tight labor market and a surge in unionization efforts. Apple’s US team members will now receive starting pay of $22 per hour or higher based upon the market, which is a 45% increase […]
Read moreMay 26, 2022 7:50 am
Xperi Holding Corporation (XPER) said on Wednesday that it had appointed Paul Davis as Chief Executive Officer of Adeia, Xperi’s intellectual property business. The appointment will become effective once the separation of Adeia as a stand-alone company is completed during the fall. Prior to spinoff, Davis is to serve as the President of Adeia, while […]
Read moreMay 25, 2022 10:14 am
Best Buy Co Inc (BBY) on Tuesday revised down its full-year earnings forecast, as it became another major US retailer to warn of an inflation impact. Best Buy’s comparable sales shrank 8% year-on-year during the first quarter ended on April 30th, but outstripped market expectations of a 9.1% decline. The company now expects a 3% […]
Read moreMay 25, 2022 9:08 am
NZD/USD surged to a fresh three-week high on Wednesday after the Reserve Bank of New Zealand raised its official cash rate by 50 basis points to 2.0% at its May meeting, in line with market expectations. It has also been the fifth RBNZ rate hike in a row. What bolstered the kiwi dollar was a […]
Read moreMay 23, 2022 10:44 am
Hyundai Motor Group (005380) said over the weekend that it intended to invest additional $5 billion in the United States by 2025, as it seeks to bolster collaboration with US companies in advanced technology. The group’s investments will focus on areas such as robotics, urban air mobility, autonomous driving and artificial intelligence. The third-largest auto […]
Read moreMay 23, 2022 9:18 am
Futures on US West Texas Intermediate Crude Oil rose for a third straight trading day on Monday, supported by US fuel demand, tight supply and a softer US Dollar, while Shanghai is due to reopen on June 1st after a two-month lockdown that had raised concerns over a sharp growth slowdown. “Oil prices are supported […]
Read moreMay 20, 2022 11:09 am
Singapore Airlines Ltd’s (SIAL) Chief Executive Officer said on Thursday that the air carrier’s growth plans would probably not be heavily impacted by Boeing Co’s delivery date delay for its first 777X jets. In April, the US plane maker said its customers would receive the first 777X jet in 2025, compared with a previous target […]
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