December 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 […]
Read moreDecember 14, 2021 8:51 am
Installed Building Products Inc (IBP) said on Monday that it had agreed to acquire AMD Distribution Inc, based in Spring Valley, Minnesota. Financial details of the agreement were not disclosed. “AMD’s scale and experience serving our core insulation markets provides IBP with a distribution platform, which further diversifies our revenue mix, end-markets, and geographic footprint. […]
Read moreDecember 13, 2021 11:45 am
GBP/USD weakened at the start of the new trading week, after British Prime Minister Boris Johnson said over the weekend the country encountered a “tidal wave” of the Omicron strain of the coronavirus, whereas two vaccine doses might not be sufficient to contain it. The emergence of this new COVID-19 variant initially raised concerns it […]
Read moreDecember 13, 2021 9:41 am
Volvo Cars (VOLCARb) said last Friday that it had embarked on an investigation into a cyber security breach and the theft of some research and development data which might have an impact on the auto maker’s operation. “Investigations so far confirm that a limited amount of the company’s R&D property has been stolen during the […]
Read moreDecember 12, 2021 5:26 pm
Sony Corp’s (6758) wholly owned gaming unit said last Friday that it would acquire “God of War” developer Valkyrie Entertainment. However, the financial details of the deal were not disclosed. This will be Sony Interactive Entertainment’s fifth acquisition so far in 2021, after it bought Nixxes Software, “Returnal” developer Housemarque, Bluepoint Games and Firesprite. After […]
Read moreDecember 10, 2021 11:31 am
Spot Gold was heading for its fourth consecutive week of losses and the US Dollar firmed as market players were cautious ahead of the key US CPI inflation data for November, scheduled to be released at 13:30 GMT today. A high inflation reading could urge the Federal Reserve policy makers, which are to hold a […]
Read moreDecember 9, 2021 12:14 pm
Ford Motor Co (F) said earlier this week it would invest as much as $900 million in upgrading its facilities in Thailand that assemble the Ranger pickup truck and the Everest SUV. As part of the upgrade, the company will almost double the number of robots at its Thai manufacturing plant and at AutoAlliance Thailand, […]
Read moreDecember 9, 2021 10:59 am
Global investment firm KKR said on Wednesday that it had launched Stellar Renewable Power, a new platform that will source, develop and operate utility-scale solar plants and storage facilities on behalf of KKR’s Asset-Based Finance strategy. Vijay Venkatachalam, a renewable energy expert with vast experience in development of utility-scale solar energy projects, will head the […]
Read moreDecember 9, 2021 9:19 am
Southwest Airlines (LUV) said earlier this week it was projecting an improvement in its fourth-quarter operating revenue growth amid easing curbs and progressing vaccination campaigns. The air carrier now forecasts a drop of 10% to 15% in its operating revenue compared with a prior forecast of a 15% to 25% decrease. The shares of Southwest […]
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