January 25, 2022 10:44 am
AUD/USD was trading not far from recent one-month lows on Tuesday, as global stock markets were deep in the red amid continuing geopolitical tensions and global growth concerns. The Aussie dollar almost ignored a report showing a sharper-than-expected increase in Australia’s CPI inflation in Q4, briefly rising to $0.7178. Australia’s core inflation was reported at […]
Read moreJanuary 25, 2022 8:26 am
Ford Motor Co (F) on Monday unveiled a new, high-priced Raptor variant of its Bronco Sport utility vehicle. Due to Raptor’s enhanced off-roading capabilities and 3.0 liter twin turbo Eco boost engine, Ford will be able to directly compete with Jeep’s Wrangler Rubicon, the auto maker said. The Bronco Raptor is equipped with 37-inch all-terrain […]
Read moreJanuary 24, 2022 10:24 am
USD/RUB touched a fresh 14 1/2-month high on Monday and Russian shares extended Friday losses amid broad risk aversion in the market due to a stand-off between Moscow and the West over Ukraine. Geopolitical tensions have been increasing over the past several months after Russia bolstered its military presence near the Ukraine border, which Western […]
Read moreJanuary 24, 2022 7:52 am
Schlumberger NV (SLB), a leading oilfield services company, reported upbeat fourth-quarter results on Friday, as higher prices of crude oil and natural gas underpinned demand for drilling equipment and services. “Absent any further COVID-related disruption, oil demand is expected to exceed pre-pandemic levels before the end of the year and to further strengthen in 2023,” […]
Read moreJanuary 21, 2022 10:19 am
Spot Gold eased from recent two-month highs on Friday, but was still on track to register its second straight week of advance, as US Treasury yields continued to ease, while reducing the opportunity cost of holding the non-yielding metal. US 10-year government bond yields dropped for a third day to 1.788% on Friday, after surging […]
Read moreJanuary 20, 2022 10:24 am
Futures on US West Texas Intermediate Crude Oil eased from recent more than seven-year highs on Thursday, as market players took profits after a month-long price surge. Still, robust demand and short-term supply disruptions continued to provide certain support to the market. “The International Energy Agency said global oil demand is on track to hit […]
Read moreJanuary 20, 2022 8:35 am
Whitestone REIT (WSR) announced earlier this week its Board of Trustees had appointed Dave Holeman as its next Chief Executive Officer, with immediate effect. The new appointment comes after the employment termination of James Mastandrea as the company’s CEO for cause, who has also been removed as Chairman of the Board. David Taylor, an independent […]
Read moreJanuary 20, 2022 8:08 am
Daimler Truck, which spun off from Daimler (DAIGn) in December, reported a 20% sales growth to 455,000 units in 2021. Yet, the sales figure was 13% below pre-pandemic levels. Trucks Asia reported the highest growth last year, or 30%, while the Buses segment reported zero growth, with sales unchanged at 19,000 vehicles. Supply chain bottlenecks […]
Read moreJanuary 19, 2022 10:05 am
The Australian dollar remained under pressure on Wednesday due to recent strength of its US counterpart, as markets have moved to price in at least four rate hikes from the Federal Reserve in 2022. The greenback has remained firm against major peers on the back of surging Treasury yields ahead of the FOMC meeting next […]
Read moreJanuary 19, 2022 8:24 am
United Airlines said earlier this week that the current 5G wireless rollout plan in the United States would negatively affect some 1.25 million of its passengers and at least 15,000 flights per year. United and other major airlines believe that 5G interference could compromise key safety systems and lead to suspended passenger and cargo flights. […]
Read more
