December 17, 2021 10:12 am
Futures on US West Texas Intermediate Crude Oil retreated on Friday, following two straight trading sessions of gains, and were heading for a weekly loss on concerns the rapid spread of the Omicron coronavirus strain may lead to new restrictions that could affect fuel demand. In countries such as South Africa, the United Kingdom and […]
Read moreDecember 17, 2021 8:40 am
Christmas break at Volkswagen’s Skoda Auto will be extended until January 10th, unions at the largest Czech auto maker said in their weekly bulletin, as the auto sector continues struggling with disruptions in parts deliveries. The break is to start on December 23rd at Skoda, but only part of it will be counted as a […]
Read moreDecember 16, 2021 11:15 am
Ford Motor Co’s (F) 2021 Bronco four-door Sport Utility Vehicle failed to obtain a “Top Safety Pick” rating, the Insurance Institute for Highway Safety (IIHS) said, due to faulty head restraints and headlights. According to the IIHS, the Bronco’s head restraints did not manage to provide good protection against whiplash injuries, while the vehicle headlights’ […]
Read moreDecember 16, 2021 9:37 am
Toyota Motor Co (7203) said earlier this week it intended to assemble 800,000 vehicles worldwide in January, which would be a record number for that month, in an attempt to compensate for production lost to parts shortages. Toyota’s January production plan represents a surge of 60,000 vehicles compared to the same month a year ago. […]
Read moreDecember 16, 2021 8:45 am
Citizens Financial Group Inc (CFG) said on Wednesday that it had signed a definitive agreement to acquire substantially all of the assets of DH Capital LLC, a private investment banking firm that provides services to companies in the Internet infrastructure, software and next generation IT service fields. Financial terms of the acquisition, which is expected […]
Read moreDecember 15, 2021 12:31 pm
Workiva Inc (WK) said on Tuesday that it had acquired AuditNet, a global audit content and services provider. Financial details of the agreement remained undisclosed. AuditNet established the world’s first online portal for the global audit community and serves as a primary communications resource where over 160,000 audit practitioners access and share content, resources as […]
Read moreDecember 15, 2021 10:55 am
Online supermarket Ocado Retail, which represents a 50:50 joint venture between Ocado Group and Marks & Spencer, posted on Tuesday a 3.9% drop in revenue during its latest quarter, with financial results affected by labor shortages. The British company’s revenue came in at GBP 547.8 million ($723.7 million) during the fourth quarter ended on November […]
Read moreDecember 15, 2021 9:00 am
Equinor ASA (EQNR) plans to drill more oil and gas exploration wells off Norway in 2022 compared to this year in order to sustain its future cash flow, a company executive said. According to Jez Averty, Equinor’s head of exploration Norway, the company intends to drill 25 exploration wells in its domestic market next year […]
Read moreDecember 14, 2021 11:10 am
AUD/USD, a liquid proxy for risk, retreated to a one-week low on Tuesday due to fresh concerns regarding the spread of the Omicron strain of the coronavirus, which prompted investors to seek the relative safety of haven assets, including the US Dollar and government bonds. Additionally, the greenback benefited from expectations that the Federal Reserve […]
Read moreDecember 14, 2021 9:35 am
Volkswagen AG (VOWG) said earlier this week it was exploring locations for planned battery cell facilities in Spain and Eastern Europe, while the exact sites for the new gigafactories would be decided in the first half of next year. “Volkswagen intends to open two more battery cell factories in Europe by 2030,” the auto maker […]
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