May 5, 2022 7:37 am
Futures on US West Texas Intermediate Crude Oil extended gains in a volatile trading session on Thursday as a new sanctions proposal by the European Union against Russia overshadowed China demand worries. The proposal, announced by European Commission President Ursula von der Leyen, includes phasing out Russian crude oil supplies in 6 months and refined […]
Read moreMay 4, 2022 10:20 am
Sweden-based Volvo Car Group (VOLCARb) said on Wednesday that its vehicle sales had slumped 24.8% in April compared to the same month of 2021, since production was hit by lockdowns in China and supply chain issues worldwide. Volvo Car Group’s sales in China plunged 47.8% last month, those in the United States dropped 9.2% and […]
Read moreMay 4, 2022 8:57 am
Paramount Global’s (PARA) quarterly revenue, reported on Tuesday, fell short of Wall Street estimates, but still, the media company said it had attracted streaming subscribers during the period. Paramount’s total revenue shrank 1% year-on-year to $7.33 billion during the first quarter, compared with market consensus of $7.38 billion. Revenue at Paramount’s TV media division dropped […]
Read moreMay 3, 2022 11:38 am
Goldman Sachs Group Inc (GS) said in a regulatory filing on Monday that it had cut its total credit exposure to Russia to $260 million in March from $650 million at the end of last year. In March, Goldman was the first Wall Street bank to announce its retreat from Russia following the latter’s incursion […]
Read moreMay 3, 2022 8:48 am
AUD/USD rebounded from a 13-week trough on Tuesday after the Reserve Bank of Australia lifted the cash rate by 25 basis points to 0.35% at its policy meeting earlier today and also flagged further tightening to come as it seeks to curb inflation. The hike move, which exceeded a consensus of analyst estimates, has been […]
Read moreApril 29, 2022 9:00 am
Spot Gold rebounded from a 10-week low on Friday as the US Dollar eased from a fresh over 19-year peak. Yet, the precious metal was on track for its first monthly drop since January, as investors bet on aggressive interest rate hikes by the Federal Reserve. On the other hand, some analysts believe that the […]
Read moreApril 28, 2022 12:20 pm
Toyota Motor Corp (7203) reported on Wednesday its highest global vehicle production for the month of March ever, as production abroad offset a drop in Japanese output. The auto maker reported a 2.8% production surge to 866,775 vehicles worldwide in March compared to the same month of 2021 and also a monthly record. Still, Toyota’s […]
Read moreApril 28, 2022 10:21 am
US-based contract logistics provider GXO Logistics Inc (GXO) said on Wednesday that it aimed to significantly expand its share of sales in Germany over the upcoming 5 years through warehouse-related services in the country. The company has recently agreed to acquire Britain’s Clipper Logistics for nearly $1.3 billion in an attempt to take advantage of […]
Read moreApril 27, 2022 12:19 pm
Warner Bros Discovery Inc (WBD) announced on Tuesday it had added nearly 2 million paid streaming subscribers during the first quarter. The company’s total revenue surged 13% year-on-year to $3.16 billion in the latest quarter, supported by a rebound in ad spending and the Beijing Winter Olympics. Yet, the figure did not take into account […]
Read moreApril 27, 2022 10:27 am
Raytheon Technologies Corp (RTX) on Tuesday revised down its full-year revenue forecast, citing the loss of sales to Russia after Western sanctions. The aerospace and defense company now forecasts its 2022 revenue to fall within the range of $67.75 billion and $68.75 billion, compared with a prior forecast of $68.5 billion to $69.5 billion. According […]
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