July 14, 2021 7:01 am
General Motors Co (GM) said on Tuesday that it planned to invest $71 million in the establishment of a new campus in Pasadena, California, as it seeks to bolster its capacity in advanced technologies such as flying cars and lunar rover vehicles. The new campus is to feature an innovation lab and immersive technology capabilities, […]
Read moreJuly 13, 2021 8:27 am
AUD/USD edged higher on Tuesday, while extending a rebound from last week’s trough, ahead of the US CPI inflation report, which could provide clues over the timing of the Federal Reserve’s stimulus tapering and rate hikes. Still, pandemic-related lockdown restrictions were limiting the Aussie’s upside. “The worsening Covid-19 outbreaks in Sydney is keeping Australian dollar […]
Read moreJuly 13, 2021 6:34 am
The Securities Services division of J.P. Morgan Chase & Co (JPM) will establish a new Data Solutions business that will bring together several projects already underway at the Wall Street bank, including post-trade analysis services and a new asset management platform, according to a report by Reuters, citing a J.P. Morgan memo. The new business […]
Read moreJuly 12, 2021 9:01 am
GBP/USD eased from a fresh two-week high during Monday’s European session amid lack of catalysts to sustain last week’s move up, while investors now turn their attention to the upcoming key inflation numbers from the United States and the United Kingdom. The pair will likely continue trading within a tight range today ahead of the […]
Read moreJuly 12, 2021 7:12 am
Volkswagen AG (VOWG) said last week that it expected an operating profit of nearly EUR 11 billion ($13 billion) during the first half of 2021. The figure would exceed even pre-pandemic levels due to robust demand in Europe and the United States, particularly for premium brands Porsche and Audi as well as for the group’s […]
Read moreJuly 9, 2021 8:52 am
Spot Gold remained mostly steady during Friday’s European session and was set to register its third consecutive week of advance, as US Treasury yields fell while the spread of the more infectious Delta variant of the novel coronavirus caused certain concerns. US 10-year government bond yields were holding close to a more than four-month trough, […]
Read moreJuly 9, 2021 7:08 am
Italy’s Terna said that it would invest a record EUR 18.1 billion ($21 billion) in the country’s power grid over a period of 10 years in order to meet the demands of the energy transition to cleaner sources. The projects in Terna’s new long-term development plan for Italy’s grid are expected to ensure a reduction […]
Read moreJuly 8, 2021 8:25 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior two trading days on Thursday, as this week’s talks between key oil producers collapsed. Negotiations between members of the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+, fell apart when Saudi Arabia refused demands from the United […]
Read moreJuly 8, 2021 7:11 am
Italy’s Autogrill announced on Wednesday that it was currently not examining any “extraordinary operation”. The announcement followed a report by Italian daily MF, stating that, among a number of options for future growth, the company was exploring a possible partnership with Dufry. “Though Autogrill is always open to assessing any opportunity the market might offer […]
Read moreJuly 7, 2021 9:05 am
Flying taxi startup Volocopter announced on Tuesday the acquisition of its long-time partner DG Flugzeugbau. The acquisition is expected to ensure production organization compliance for Volocopter with the European Union Aviation Safety Agency’s (EASA) standards, in addition to existing EASA design approvals. The company did not disclose any financial details of the agreement. “Volocopter is […]
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