February 10, 2022 7:41 am
Honda Motor Co Ltd (7267) on Wednesday revised up its full-year operating profit forecast despite continuing global semiconductor shortage, as results were aided by cost-cutting efforts and a favorable exchange rate of the Japanese Yen. For the year to March 31st, Honda now expects an operating profit of JPY 800 billion ($6.93 billion). Still, the […]
Read moreFebruary 9, 2022 10:27 am
Stellantis unveiled earlier this week its new Alfa Romeo Tonale compact Sport-utility vehicle, as it seeks to bolster its presence in the premium market and to introduce electrified and interconnected vehicles to its lineup. Named after an Alpine pass in northern Italy, the new SUV is meant to compete with some of the most popular […]
Read moreFebruary 9, 2022 8:14 am
According to a report by business newspaper Expansión, citing unidentified sources, telecom operator Orange SA (ORAN) is exploring the merger of its Spanish division, which is the second largest in the country, with domestic competitor MasMovil. The resulting company is expected to come close in size compared to leading operator Telefonica and overtake Vodafone, which […]
Read moreFebruary 8, 2022 9:37 am
AUD/USD was holding prior-session gains on Tuesday, supported by improved risk sentiment in global stock markets and higher commodity prices. “We stick to the view that the A$ should remain capped by the $0.7140/70 level given the very different stance that the RBA is maintaining versus a wide range of other central banks,” Richard Franulovich, […]
Read moreFebruary 8, 2022 7:29 am
Despite the global semiconductor shortage, Porsche AG expects another record year for vehicle sales, the luxury auto maker’s sales and marketing chief said in an interview with industry magazine Automobilwoche. Porsche, which is part of Volkswagen, reported an 11% surge in sales last year to 301,915 vehicles. This would mean the company could achieve sales […]
Read moreFebruary 7, 2022 10:48 am
USD/RUB registered a fresh three-week low on Monday, as the Russian currency was underpinned by rising Brent oil prices ahead of the highly anticipated meeting between President Vladimir Putin and his French counterpart Emmanuel Macron. Macron is expected to visit Moscow today after holding talks over the weekend with US President Joe Biden in a […]
Read moreFebruary 7, 2022 8:06 am
Toshiba Corp (6502) announced on Friday plans to invest around JPY 125 billion ($1.09 billion) to more than double production of power management semiconductors in an attempt to better compete with power chip manufacturers such as Infineon Technologies AG. Toshiba said it would establish a cutting-edge 300-millimeter fabrication facility in central Japan to produce power […]
Read moreFebruary 4, 2022 10:06 am
Spot Gold edged higher on Friday as the US Dollar plummeted to a 2 1/2-week low ahead of the keenly anticipated US Non-Farm Payrolls data, which could affect the Federal Reserve’s hawkish policy stance. Last week the yellow metal registered a 1 1/2-month trough after the US central bank signaled a possible rate hike in […]
Read moreFebruary 3, 2022 11:50 am
Volvo Car Group (VOLCARb) said on Wednesday its sales had decreased 20.2% in January due to the global sector-wide supply chain constraints and semiconductor shortage. Still, demand for its products has remained robust. Volvo’s global sales dropped to 47,561 vehicles in January, as sales in Europe plunged 24.8% year-on-year and those in the United States […]
Read moreFebruary 3, 2022 10:22 am
Futures on US West Texas Intermediate Crude Oil eased from their recent near 88-month peak on Thursday, as investors took profits and after surprisingly weak US private sector employment data. Still, the market remained supported by tight supply, as major oil producers stuck to their plan to raise output at a moderate rate. Private payrolls […]
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