November 10, 2021 10:17 am
Nvidia Corp (NVDA) said on Tuesday that it was working in cooperation with a range of self-driving sensor firms, including lidar company Luminar Technologies, to develop a system which can be used by auto makers for driver safety features as early as 2024. Nvidia chose a diversity of sensor partners for the system, including those […]
Read moreNovember 10, 2021 8:34 am
In an interview with CNBC earlier this week, PepsiCo Inc’s (PEP) Chief Executive Officer Ramon Laguarta said the company would have its first set of Tesla Inc electric trucks delivered during the fourth quarter. The packaged food maker had previously said that it intended to use the trucks to transport snack foods and beverages between […]
Read moreNovember 9, 2021 10:09 am
AUD/USD held gains registered in the prior trading day on Tuesday as market players awaited inflation figures in the world’s two largest economies for more clues on central bank interest rates. AUD/USD has remained within the 0.7360-0.7470 range since November 4th, but according to Commonwealth Bank strategists, risks for the Aussie are “skewed down because […]
Read moreNovember 9, 2021 8:39 am
Global investment firm KKR said on Monday that it had signed definitive agreements under which it will acquire Japanese chemical storage tank operator Central Tank Terminal (CTT) from an affiliate of Macquarie Infrastructure and Real Assets. Central Tank Terminal is the largest independent chemical storage tank operator in Japan and offers more than 300,000 cubic […]
Read moreNovember 8, 2021 9:33 am
GBP/USD hovered just above a five-week trough on Monday after the Bank of England left the benchmark interest rate at a record low level of 0.10% in November and also said it expected UK economy to grow “at a slower pace than projected in the August Report” during the third quarter. BoE policy makers expect […]
Read moreNovember 5, 2021 10:24 am
Spot Gold extended gains from a day ago on Friday and looked set to register a weekly gain after two major central banks took no action on interest rates despite rising inflationary pressures, which added to the appeal of the precious metal. An environment of low interest rates tends to keep the opportunity cost of […]
Read moreNovember 5, 2021 8:47 am
Delta Air Lines Inc (DAL) said earlier this week it had signed a long-term lease agreement with San Francisco-based Vmo Aircraft Leasing for two Airbus A350-900 jets, delivered in October 2021. “We are very pleased to partner with Delta Air Lines on executing this transaction for these latest-technology Airbus A350 aircraft,” Peter Watson, Vmo Aircraft […]
Read moreNovember 4, 2021 10:02 am
Futures on US West Texas Intermediate Crude Oil rebounded from a three-week low on Thursday ahead of a meeting of the Organization of the Petroleum Exporting Countries and allies (OPEC+) later in the day, where producers are expected to reiterate plans to maintain monthly supply increases steady. Oil was nursing losses earlier following news that […]
Read moreNovember 4, 2021 8:38 am
BMW AG’s (BMWG) third-quarter results, reported on Wednesday, exceeded market estimates, driven by robust electric vehicle sales and higher prices. The auto maker reported a 42.4% year-on-year surge in its net profit to EUR 2.58 billion during the quarter. BMW’s vehicle deliveries dropped 12.2% year-on-year during the third quarter, but still, the company reported a […]
Read moreNovember 3, 2021 11:05 am
A.P. Moller-Maersk said on Tuesday that it would acquire freight-forwarder Senator International in addition to two Boeing jets in the company’s latest attempt to expand its businesses beyond ocean shipping. Maersk said it would buy the German logistics company at an enterprise value of nearly $644 million. The acquisition is expected to be finalized in […]
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