November 3, 2021 8:09 am
Jacobs Engineering Group Inc (J) said earlier this week it had entered into a definitive agreement to buy BlackLynx, a high-performance software provider, in an attempt to bolster its portfolio of cyber, intelligence and digital solutions. However, the financial details of the agreement remained undisclosed. After the acquisition closes, BlackLynx is expected to help expand […]
Read moreNovember 2, 2021 10:00 am
AUD/USD retreated over 0.7% on Tuesday after the Reserve Bank of Australia dropped the 0.10% yield target on April 2024 government bond at its policy meeting earlier today. The RBA also omitted its previous projection that interest rates were not likely to be raised until 2024, indicating a possible earlier rate hike. The central bank […]
Read moreNovember 2, 2021 8:42 am
American Airlines Group (AAL) said on Saturday that it had canceled over 1,400 flights over the weekend because of staff shortages and unfavorable weather conditions. The company was forced to cancel 376 flights on Friday, 551 flights on Saturday and 480 flights on Sunday, it said. “With additional weather throughout the system, our staffing begins […]
Read moreNovember 1, 2021 10:10 am
GBP/USD extended last Friday’s losses at the start of the new week ahead of Bank of England’s policy decision on Thursday, with investors mulling whether a rate hike will be announced at the meeting. Meanwhile, against a basket of six major peers, the US Dollar traded in proximity to a 2 1/2-week high on Monday, […]
Read moreNovember 1, 2021 8:23 am
Technology group Robert Bosch said last week that it planned to invest more than EUR 400 million in microchip production in Germany and Malaysia in 2022 in an attempt to ease a global shortage. The biggest part of the investment will be focused on an accelerated expansion of Bosch’s facility in Dresden, Germany for 300-millimeter […]
Read moreOctober 29, 2021 9:12 am
Spot Gold remained stuck within a narrow trading range on Friday ahead of the key US PCE inflation report. Still, the precious metal looked set to register its third consecutive week of gains, as the US Dollar hovered above a fresh one-month low and US 10-year Treasury yields were on track for their largest weekly […]
Read moreOctober 29, 2021 7:44 am
Nokia’s third-quarter operating profit, reported on Thursday, outstripped market expectations due to robust demand for 5G gear. “The 5G market is still growing and we expect that it will still take a couple of years before it reaches its peak,” Nokia’s Chief Executive Officer Pekka Lundmark, was quoted as saying by Reuters. Nokia’s third-quarter net […]
Read moreOctober 28, 2021 9:43 am
Futures on US West Texas Intermediate Crude Oil retreated to a two-week low on Thursday following a larger-than-anticipated surge in US crude oil stocks. In addition, a surge in COVID-19 cases in western Europe, record deaths and the prospect of lockdown restrictions in Russia as well as new outbreaks of coronavirus infections in China threatened […]
Read moreOctober 28, 2021 7:54 am
Advanced Micro Devices Inc (AMD) forecast earlier this week higher fourth-quarter revenue than market expectations, as it expects to cope with supply chain issues and to satisfy robust demand for chips used in gaming consoles and data center servers. AMD said it expected its revenue to come in at $4.5 billion plus or minus $100 […]
Read moreOctober 27, 2021 9:36 am
General Motors Company (GM) said on Tuesday that it would install up to 40,000 electric vehicle charging stations in the United States and Canada, as part of the company’s $750 million initiative to expand its positions in the fast growing sector. The company said that it would expand home, workplace and public charging infrastructure through […]
Read more
