July 7, 2021 7:46 am
According to a report by Yonhap news agency, citing industry sources, Hyundai Motor Co has acquired a stake in SolidEnergy Systems, a lithium metal battery startup, while investing nearly $100 million. Established almost a decade ago, SolidEnergy Systems (SES) is specialized in development of anode-free lithium metal batteries. Among the company’s shareholders are General Motors […]
Read moreJuly 6, 2021 9:06 am
AUD/USD rose on Tuesday after the Reserve Bank of Australia (RBA) said it would taper bond purchases from September, while also reiterating that an interest rate hike would not occur until at least 2024. At the same time, the RBA official cash rate was kept intact at a record low level of 0.10% during the […]
Read moreJuly 6, 2021 6:45 am
According to a report by Reuters, citing a Citigroup Inc (C) internal memo, the bank intends to raise the base salaries of its junior investment bankers. According to the memo, dated July 2nd, the pay raises for program vice-presidents, associates and analysts in Citi’s banking, capital markets and advisory division will take effect from July […]
Read moreJuly 5, 2021 8:43 am
GBP/USD extended a rebound from 11-week lows on Monday, as the US Dollar paused recent rally, while Britain was approaching the end of major COVID-19 lockdown restrictions. Health Secretary Sajid Javid has said that there was no reason for restrictive measures to remain in place beyond July 19th in England, while all major legal pandemic-related […]
Read moreJuly 5, 2021 6:25 am
Raytheon Technologies Corp (RTX) announced last week that it had been awarded a $2 billion contract by the US Air Force in relation with development and manufacturing of a nuclear-armed cruise missile. The company also said that the long-range standoff weapon (LRSO) would be produced in Tucson, Arizona, and would probably be completed in February […]
Read moreJuly 2, 2021 8:23 am
Spot Gold remained stuck within a narrow range on Friday, as the US Dollar advanced to a fresh three-month high ahead of the key US Non-Farm Payrolls data that could influence the Fed’s monetary policy stance. A stronger dollar makes Gold more expensive for international investors holding other currencies. In other news, the Democratic-controlled US […]
Read moreJuly 2, 2021 7:04 am
Boeing Co (BA) said this week that it had appointed former General Electric executive Brian West as its new Chief Financial Officer, effective August 27th. Previously, West served as CFO of General Electric’s aviation and engine services businesses. West and Boeing’s Chief Executive Officer David Calhoun had previously worked together at General Electric. West spent […]
Read moreJuly 1, 2021 8:54 am
Futures on US West Texas Intermediate Crude Oil rose over 1% on Thursday after a drop in US crude oil stocks, while market players awaited a decision by the Organization of the Petroleum Exporting Countries and allies (OPEC+) on supply cuts during the second half of 2021. Last year, OPEC+ members agreed to record production […]
Read moreJuly 1, 2021 7:11 am
Twitter Inc (TWTR) said earlier this week that it had appointed Sarah Personette as its new chief customer officer, effective August 1st. She is to head the social media platform’s global ad sales, global content partnerships as well as revenue operations. Personette, who currently serves as vice president of global client solutions, is expected to […]
Read moreJune 30, 2021 9:04 am
Ford Motor Co (F) said earlier this week that its financial services arm, Ford Credit, would draw gradually to a close its operations in Brazil and Argentina. The company expects to take a non-cash charge of up to $375 million, it said. “The charges will primarily be non-cash, including up to $365 million of foreign […]
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