August 12, 2021 8:50 am
Futures on US West Texas Intermediate Crude Oil traded mostly steady in Europe on Thursday following a two-day streak of gains, as the United States called upon major producers to ramp up output, which raised certain supply concerns. Yesterday Biden’s administration urged the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to ramp […]
Read moreAugust 12, 2021 7:39 am
BKV Corp said earlier this week that it had agreed to acquire a power generator in Texas for $430 million in an attempt to leverage its gas production to generate electricity. The company is to buy the 758-MW Temple, Texas facility from the closely held Temple Generation I LLC via a 50-50 joint venture with […]
Read moreAugust 11, 2021 10:18 am
Volkswagen’s biggest shareholder, Porsche SE, is being sued in the United States over allegations related to the auto maker’s diesel emissions scandal. The lawsuit, filed with the Supreme Court of the state of New York in April, is against Porsche SE and former members of the management and supervisory boards of Volkswagen, the company said. […]
Read moreAugust 11, 2021 8:33 am
National Australia Bank said earlier this week that it had agreed to acquire Citigroup Inc’s consumer unit in Australia for nearly $882.2 million, as the Wall Street bank withdraws from the region. The deal would consolidate over 90% of Australia’s credit card industry into the hands of the nation’s top four banks. NAB is to […]
Read moreAugust 9, 2021 12:56 pm
GBP/USD traded within a relatively tight range on Monday, while hovering just above lows unseen in 1 1/2 weeks, as market players were weighing up the possibility of an earlier asset purchase tapering by the Federal Reserve. The major pair retreated over 0.4% on Friday on the back of a stronger-than-anticipated US Non-Farm Payrolls report. […]
Read moreAugust 9, 2021 7:04 am
CNN announced last week that it had terminated three employees who did not follow its coronavirus safety policies by going to the office without being vaccinated. Earlier this year, the news network had said that in order to return to its American offices, all employees would be required to get vaccinated against COVID-19. “In the […]
Read moreAugust 6, 2021 9:25 am
Spot Gold retreated for a second straight trading day on Friday, as the US Dollar held close to one-week highs ahead of the highly anticipated US Non-Farm Payrolls report. Meanwhile, more Federal Reserve officials indicated that the central bank could taper its asset-purchasing program sooner than expected. Fed Governor Christopher Waller said earlier this week […]
Read moreAugust 6, 2021 7:35 am
Tesla Inc’s (TSLA) Chair Robyn Denholm has sold shares in the auto maker valued at more than $22 million after exercising stock options, a filing with the US Securities and Exchange Commission showed. Denholm joined the electric car maker’s board as an independent director in 2014 and succeeded Chief Executive Officer Elon Musk as the […]
Read moreAugust 5, 2021 8:30 am
Futures on US West Texas Intermediate Crude Oil retreated for a fourth straight trading day on Thursday with more countries imposing restrictions on movement amid continuing increase in new COVID-19 cases and a firmer US Dollar. Japan was due to expand emergency restrictions to more prefectures on Thursday, while China imposed restrictions in some cities […]
Read moreAugust 5, 2021 7:03 am
BMW on Tuesday revised up its profit forecast for the full year after reporting better-than-expected second-quarter results. However, the car maker warned that the global semiconductor chip shortage as well as a surge in raw material prices would hamper its results during the second half of 2021. BMW’s total sales rose almost 45% year-on-year during […]
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