October 19, 2021 8:38 am
AUD/USD hit highs not seen since early September on Tuesday amid improved risk sentiment as Asian shares tracked US tech equities higher as well as on indications China’s property market woes will probably be contained. The risk-sensitive Aussie dollar surged even as the minutes from Reserve Bank of Australia’s October policy meeting showed the central […]
Read moreOctober 19, 2021 7:23 am
Last week Toyota Motor Corp (7203) reduced its planned global production for November by 15% because of ongoing chip shortages. Still, the company signaled that it would increase output from December by sticking to its latest full-year production objective. In a press release, the Japanese company said it would produce between 100,000 and 150,000 fewer […]
Read moreOctober 18, 2021 9:03 am
GBP/USD eased on Monday, but remained not far from Friday’s one-month high, following hawkish remarks from Bank of England Governor Andrew Bailey over the weekend. He said that the central bank would need to act because energy prices push consumer prices higher. There is now a nearly 30% chance of a rate hike by Bank […]
Read moreOctober 15, 2021 9:34 am
Spot Gold looked set to register its best weekly performance since late August, as the US Dollar eased from one-year highs, while making the commodity less expensive for international investors holding other currencies. According to Michael Langford, director at corporate advisory AirGuide, the yellow metal should settle around $1,800, but it was not likely to […]
Read moreOctober 15, 2021 7:38 am
Honda Motor Co Ltd (7267) said earlier this week that it would launch a new electric vehicle brand in China in 2022 and would introduce only battery electric, hydrogen fuel-cell or petrol-electric hybrid vehicles in the Asian country from 2030. The name of the new brand will be “e:N Series”, the company said, while its […]
Read moreOctober 14, 2021 9:27 am
Futures on US West Texas Intermediate Crude Oil rose over 1% on Thursday, after an industry report showed a larger-than-expected drop in US fuel stocks. Additionally, expectations that rising natural gas prices ahead of the winter period will probably trigger a switch to oil to meet heating demand also supported the market. The American Petroleum […]
Read moreOctober 14, 2021 7:23 am
According to data from the China Passenger Car Association (CPCA), Tesla Inc (TSLA) sold over 56,000 locally-made electric vehicles in September, or the most since the company initiated production in Shanghai nearly two years ago. Of that total, the electric car maker exported 3,853 vehicles from its Shanghai facility, where it assembles Model 3 sedans […]
Read moreOctober 13, 2021 9:35 am
Amazon.com Inc (AMZN) launched earlier this week its Amazon Prime service in Poland, which offers free delivery and video streaming, while triggering a sell-off in shares of local e-commerce competitor Allegro. “We are very pleased with the way Polish customers accepted the Amazon.pl service launched at the beginning of this year,” Mourad Taoufiki, CEO of […]
Read moreOctober 13, 2021 7:11 am
Volkswagen AG (VOWG) said earlier this week that it would decide on the location for a planned battery cell facility in Eastern Europe during the first half of 2022. The auto maker is still planning to firmly settle on a location for the facility in the first six months of next year, it said, while […]
Read moreOctober 12, 2021 8:50 am
AUD/USD extended gains from the prior trading day on Tuesday, supported by a surge in commodity prices and soaring bond yields, as market players bet major central banks would begin policy tightening in an attempt to tackle rising inflation. Oil prices have risen to highs unseen in several years, while prices of coal and gas […]
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