December 1, 2021 12:14 pm
Ericsson on Tuesday revised up its global 5G mobile subscription forecast to 660 million by the end of 2021, as it cited stronger than anticipated demand in North America and China, driven in part by lower prices of 5G devices. The telecom equipment maker also said it projected 4.4 billion 5G subscriptions by the end […]
Read moreDecember 1, 2021 10:13 am
ViacomCBS Inc said yesterday that it had entered into a definitive agreement to sell CBS Studio Center and its related operating business to a partnership formed by Hackman Capital Partners LLC and Square Mile Capital Management LLC for nearly $1.85 billion. The property is located on a 55-gross-acre site in Studio City and consists of […]
Read moreDecember 1, 2021 9:36 am
Comtech Telecommunications Corp, a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government clientele, said this week that during its first quarter of fiscal 2022 it had been awarded a contract to provide Gateway Mobile Location Center and Location Management Function solutions for a top-tier mobile network […]
Read moreNovember 30, 2021 11:43 am
AUD/USD was trading in proximity to a 12-month trough on Tuesday, after Moderna’s CEO warned COVID-19 vaccines would probably not be as effective against the Omicron virus variant as they had been with other types. “There is no world, I think, where (the effectiveness ) is the same level . . . we had with Delta,” Moderna Chief […]
Read moreNovember 30, 2021 10:00 am
BP announced on Monday plans to establish a large-scale green hydrogen production facility in northeast England, powered by wind, water and solar energy, as the company seeks to aid Britain’s move away from fossil fuels. Nicknamed HyGreen Teesside, the project is meant to produce 60 megawatt electrical input (MWe) of “green” hydrogen, which is derived […]
Read moreNovember 29, 2021 12:04 pm
GBP/USD rebounded from an 11-month trough on Monday as currency markets recovered from the initial shock of Omicron’s discovery that triggered a rush to safe-haven assets. The Omicron variant of the virus was discovered in South Africa last week, which urged many countries to accelerate border control tightening and rattled global markets on Friday. Despite […]
Read moreNovember 29, 2021 10:17 am
Seadrill Limited (SDRLF) said last week that it had secured two contracts with Petroleo Brasileiro S.A. for the West Carina and West Tellus rigs for work on the Búzios field offshore Brazil. The company has signed both contracts on a three-year fixed-term basis, with expected commencement in September 2022. The total consideration for the two […]
Read moreNovember 26, 2021 12:02 pm
Spot Gold surged on Friday as concerns about an impact on global economic recovery because of the spread of a new variant of the coronavirus identified in South Africa, triggered a flight to safety. “Markets fear this new variant could weigh more strongly on the economy than the Delta variant discovered a year ago and […]
Read moreNovember 26, 2021 9:59 am
CVB Financial Corp (CVBF), the holding company for Citizens Business Bank, said earlier this week Citizens had obtained regulatory approvals from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation to finalize its announced merger with Suncrest Bank (SBKK) based in Visalia, California. “We are pleased to have obtained all […]
Read moreNovember 25, 2021 11:10 am
Futures on US West Texas Intermediate Crude Oil retreated for a second straight trading day on Thursday, as market players were awaiting major producers’ response to the emergency crude release by key oil-consuming countries, purposed to push prices down. The Organization of the Petroleum Exporting Countries, Russia and allies (OPEC+) will meet on December 1st-2nd […]
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