February 28, 2022 10:19 am
Russia’s Rouble plunged to an all-time low against the US Dollar on Monday after the West imposed a severe set of sanctions against Moscow, including sanctions on Russian currency reserves. The United States and allies on Saturday moved to block the access of some Russian banks to the SWIFT international payment system as further punishment […]
Read moreFebruary 25, 2022 11:50 am
UniCredit SpA’s (CRDI) Russian arm has a “very liquid and self-funded” balance sheet, while its impaired loan coverage is very high, the financial group said on Thursday, as its stock plummeted more than 13% due to the Ukraine crisis. Italy’s second-largest lender said in an emailed note that provisions against possible losses covered 84% of […]
Read moreFebruary 25, 2022 9:47 am
Futures on US West Texas Intermediate Crude Oil eased from a fresh 91-month high on Friday, but were still poised for a sharp weekly advance due to fears over global supply disruptions stemming from trade sanctions on Russia after it assaulted neighboring Ukraine. Russia is the second-largest crude oil producer worldwide and a key provider […]
Read moreFebruary 24, 2022 10:20 am
5G wireless operations have the potential to affect radio altimeters in most Boeing 737 aircraft and also affect crew workload and jet landings, according to a government notice posted online on Wednesday. The notice stated that the aircraft’s “radio altimeters cannot be relied upon to perform their intended function if they experience interference from wireless […]
Read moreFebruary 24, 2022 8:01 am
Tesla Inc (TSLA) intends to increase parts production at its Shanghai facility in an attempt to meet rising demand for exports, a document filed with the city government showed. The document stated that the US electric car maker would add production workshops, hire more workers and lengthen the time equipment is operational. At present, Tesla’s […]
Read moreFebruary 23, 2022 11:24 am
Air Canada said earlier this week it would expand its North American network for the upcoming summer, as the company’s post-COVID recovery picks up. With the launch of new service on 4 trans-border and 3 domestic routes, along with the restoration of 41 North American routes, the airline will operate to 51 Canadian and 46 […]
Read moreFebruary 23, 2022 8:21 am
iPower Inc (IPW), a leading online hydroponic equipment supplier and retailer, said on Tuesday it had acquired Anivia Limited, a British Virgin Islands company, in a deal valued at $12 million. Anivia Limited has a 100% interest in iPower’s biggest global co-engineering partner, Daheshou Shenzhen Information Technology Co Ltd. (DHS). DHS is a China-based service […]
Read moreFebruary 22, 2022 9:41 am
AUD/USD, a liquid proxy for risk, was holding gains on Tuesday, as higher global commodity prices offset some investor concerns stemming from Russia’s incursion into eastern Ukraine. Russia’s President Vladimir Putin has ordered troops into two breakaway regions in eastern Ukraine after recognizing their independence. According to a Reuters report, a US official said the […]
Read moreFebruary 22, 2022 6:48 am
Auto parts supplier Faurecia said on Monday that it expected a surge in annual sales and that industry-wide semiconductor shortage would likely ease in the second half of 2022. The French company, which supplies car seats, dashboards and fuel systems to auto makers, now forecasts full-year sales within the range of EUR 17.5 billion to […]
Read moreFebruary 21, 2022 9:08 am
After two consecutive trading days of gains, USD/RUB came off a one-week peak on Monday on new hopes of a diplomatic resolution to one of the most perilous European crises in decades. According to an announcement by Macron’s office on Monday, the French leader has proposed to Biden and Putin a summit on “security and […]
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