September 13, 2021 6:38 am
Toyota Motor Corp (7203) said last week that it had revised down its annual production target by 300,000 vehicles due to coronavirus-related output slowdown at parts facilities in Vietnam and Malaysia as well as because of a global shortage of auto chips. The largest auto maker worldwide now projects to manufacture 9 million vehicles during […]
Read moreSeptember 10, 2021 9:11 am
Spot Gold rose for a second straight trading day on Friday, but was set to register its first loss in five weeks as the US Dollar was poised for its first weekly gain in three amid intensifying jitters over the Federal Reserve’s taper timeline. “The overall backdrop for gold is much more bearish… We’re increasingly […]
Read moreSeptember 10, 2021 7:08 am
Oxbotica, a self-driving software startup company, said earlier this week that it had partnered with AppliedEV in relation with development of a fully autonomous multi-purpose vehicle that could be put to a range of commercial uses. The self-driving electric vehicles will first be deployed in industrial logistics and automated goods delivery. In April, UK online […]
Read moreSeptember 9, 2021 8:12 am
Futures on US West Texas Intermediate Crude Oil eased on Thursday, following a 1.4% surge in the previous trading session, as a drop in oil production in the Gulf of Mexico following damage from Hurricane Ida still supported the market. Nearly 77% of US Gulf production, or some 1.4 million barrels per day, remained offline […]
Read moreSeptember 9, 2021 7:04 am
TV aggregator Roku Inc announced this week the launch of its streaming players in Germany at some point later in 2021. This would be the company’s second major launch in Europe, as it aims to capitalize on a pandemic-induced customer shift to video on demand. The television aggregator will offer content from local partners Seven.One […]
Read moreSeptember 8, 2021 10:01 am
Volkswagen AG (VOWG) unveiled earlier this week the ID. LIFE, a fully electric small vehicle, which will be launched in 2025 and will cost about EUR 20,000. The auto manufacturer aims to make battery-powered cars more affordable for the mass clientele as well as younger customers. Based on a smaller version of Volkswagen’s modular electric […]
Read moreSeptember 8, 2021 7:23 am
Ireland’s Ryanair said earlier this week that it had discontinued talks with Boeing Co over a large new order for Boeing 737 MAX 10 jets, as the two companies disagreed over pricing. With 210 firm orders for the 197-seat Boeing MAX 8-200 jet, Ryanair has already become the largest European customer for the 737 MAX. […]
Read moreSeptember 7, 2021 8:48 am
AUD/USD extended losses on Tuesday after the Reserve Bank of Australia cut its bond-purchasing program by AUD 1 billion per week to AUD 4 billion per week and also extended the program to at least mid-February 2022. Many analysts had expected the RBA to delay bond tapering, since lockdown restrictions in major cities will probably […]
Read moreSeptember 7, 2021 7:05 am
Last week BMW launched a new production line for its Series 2 Coupe compact sports car at its facility located in central Mexico, as the company seeks to bolster its operations in the North American country and to speed up international sales. The German luxury car maker said it expected exports of the new models […]
Read moreSeptember 3, 2021 9:00 am
Spot Gold rose on Friday, as the US Dollar hovered just above a fresh one-month low ahead of the highly anticipated US Non-Farm Payrolls report due out later in the day. A weaker US Dollar makes dollar-priced Gold less expensive for international investors holding other currencies. “We’re seeing minor pre-positioning for people that may be […]
Read more
