March 16, 2022 8:47 am
Ford Motor Co (F) said earlier this week its Turkish joint venture would acquire the auto maker’s Craiova facility in Romania for EUR 575 million and eventually move Courier van production there. The acquisition is expected to be finalized in the third quarter, Ford said. Ford manufactures Puma and EcoSport passenger models at its Romania-based […]
Read moreMarch 15, 2022 9:44 am
AUD/USD sank to a fresh two-week low on Tuesday on concerns that coronavirus disruptions in China could hamper commodity demand. Prices of industrial metals, precious metals and agricultural commodities have registered considerable declines since their peaks, but not as steep as energy. The lockdown of the Chinese city of Shenzen and the imposition of a […]
Read moreMarch 14, 2022 11:14 am
YouTube said last week that it would impose a ban on Russian state-funded media channels globally. Russian state media has been publishing articles and coverage that depicted Ukraine as an aggressor and a nuclear threat since before Russia’s military forces invaded the country in late February. Previously, YouTube had blocked media channels such as RT […]
Read moreMarch 14, 2022 9:34 am
USD/RUB remained mostly steady during the Moscow trading session on Monday, as markets were expecting the next round of negotiations between Russia and Ukraine due to begin at 10:30 a.m. Kyiv time (08:30 GMT). USD/RUB was 0.74% stronger to trade at 115.1000 in Moscow, while offshore, the currency pair was retreating 11.18% on Monday to […]
Read moreMarch 11, 2022 11:41 am
Volvo Car Group (VOLCARb) said on Friday that it intended to set up a tech hub in Sweden’s capital of Stockholm in an attempt to achieve its objective to sell at least half of its vehicles online. The new facility will host more than 700 employees with skills in fields such as data science, software […]
Read moreMarch 11, 2022 9:33 am
Spot Gold was a notch weaker on Friday, pressured by higher US Treasury yields after red-hot CPI inflation numbers reported yesterday. US 10-year bond yields soared overnight after the latest report by the Bureau of Labor Statistics showed annual consumer price inflation had accelerated to 7.9% in February, in line with market expectations and also […]
Read moreMarch 10, 2022 1:22 pm
Sony Group Corp’s (6758) gaming unit and Nintendo Co Ltd (7974) said earlier this week they had halted shipments of software and hardware to Russia after its incursion into Ukraine. Sony Interactive Entertainment, the manufacturer of the PlayStation 5 gaming console, announced the suspension of “Gran Turismo 7” racing game’s launch and PlayStation Store operations […]
Read moreMarch 10, 2022 9:34 am
Futures on US West Texas Intermediate Crude Oil rebounded on Thursday after an over 12% decline in the prior session, the biggest single-day drop since November, as market players were weighing if key oil producers would increase supply to fill the output gap stemming from sanctions on Russia after its incursion into Ukraine. Russia is […]
Read moreMarch 9, 2022 10:15 am
The China Passenger Car Association said earlier this week Tesla Inc (TSLA) had sold 56,515 China-produced vehicles in February. That followed 59,845 China-made vehicles sold in January. Tesla is manufacturing Model 3 sedans and Model Y Sport-utility vehicles at its Shanghai facility. The CPCA said China-based passenger car sales totaled 1.27 million units in February, […]
Read moreMarch 9, 2022 8:11 am
Boeing Co (BA) said earlier this week it had halted titanium purchases from Russia. “Boeing has a significant stock of titanium, in particular thanks to Boeing’s initiative for the creation of a pool of suppliers around the world that has been underway for several years. Boeing has currently suspended titanium purchases from Russia. Titanium stocks […]
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