February 2, 2022 10:11 am
The New York Times Co (NYT) said earlier this week it had purchased Wordle, a website-only word game whose popularity has grown considerably recently. However, the financial details of the transaction were not disclosed. The acquisition comes at a time when the New York Times seeks to expand its digital content and in an attempt […]
Read moreFebruary 2, 2022 8:34 am
ABB Ltd (ABBN) said earlier this week it had expanded its majority stake in Chinese electric vehicle charging provider Chargedot from 67% to 80%. The deal comes as part of ABB E-mobility’s growth strategy and is expected to speed up the expansion of its portfolio to include turnkey EV infrastructure solutions to private and public […]
Read moreFebruary 1, 2022 9:27 am
AUD/USD extended a rebound from recent 18 1/2-month trough on Tuesday despite a dovish policy outlook by the Reserve Bank of Australia as risk sentiment improved worldwide. The RBA kept its official cash rate intact at a record low level of 0.10% for the 14th consecutive month during its policy meeting earlier on Tuesday, in […]
Read moreJanuary 31, 2022 4:38 pm
The largest pasta maker globally, Barilla, unveiled a new high-end pasta range, as it seeks to keep up with consumer tastes for premium quality foods. The new pasta is to be packaged in bright red carton boxes, so that it can be distinguishable from the company’s traditional pasta packaged in dark blue boxes. Barilla will […]
Read moreJanuary 31, 2022 10:20 am
USD/RUB extended losses from last week and traded not far from a fresh one-week low on Monday after Russia demonstrated readiness to continue negotiations with Western nations over the Ukraine crisis. The exotic pair scaled a near 15-month high last Wednesday amid rising tensions between Kremlin and the West, which has promised to impose new […]
Read moreJanuary 30, 2022 1:24 pm
Toyota Motor Corp (7203) reported last week a 10.1% growth in total vehicle sales in 2021, making it the largest car maker globally for a second consecutive year, as it widened a lead on its nearest competitor, Volkswagen AG (VOWG). The Japanese auto maker said it had sold 10.5 million vehicles in 2021, including sales […]
Read moreJanuary 27, 2022 10:23 am
Futures on US West Texas Intermediate Crude Oil eased from an 87 1/2-month peak on Thursday, as the US Dollar advanced to a fresh six-week high and US Treasury yields rose after the Federal Reserve signaled a March interest rate hike. The US Dollar Index, which reflects the relative strength of the greenback against a […]
Read moreJanuary 27, 2022 8:14 am
Boeing Co (BA) said on Wednesday that it had taken a $3.5 billion charge during the fourth quarter related to longer-than-anticipated delivery delays of its 787 Dreamliner aircraft. As a result, the company swung to an operating loss during the latest quarter following two three-month periods of profits. Manufacturing flaws that resulted in structural defects […]
Read moreJanuary 26, 2022 11:08 am
Raytheon Technologies Corp (RTX) on Tuesday reported a five fold increase in its fourth-quarter profit, since an air travel rebound during the busy holiday season led to higher demand for its aerospace products and services. The wide-body aerojet aftermarket seemed to have recovered after the US government’s decision to open its borders to vaccinated individuals […]
Read moreJanuary 26, 2022 9:02 am
According to a Tuesday report by Bloomberg News, citing sources with knowledge of the matter, NVIDIA Corp (NVDA) is preparing to walk away from its purchase of Arm Ltd from SoftBank Group Corp. NVIDIA had offered $40 billion for the British firm two years ago. According to the report, NVIDIA has informed partners that it […]
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