June 3, 2021 9:04 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior two trading days on Thursday, driven by expectations of a recovery in fuel demand later in 2021, most notably in the United States, Europe and China. Market forecasters, including the Organization of the Petroleum Exporting Countries and allies (OPEC+), largely project that […]
Read moreJune 3, 2021 7:26 am
Tesla Inc (TSLA) will recall almost 6,000 vehicles in the United States due to an issue involving loose brake caliper bolts, a company filing with the National Highway Traffic Safety Administration (NHTSA) showed. Loose caliper bolts could allow the brake caliper to separate and come in contact with the wheel rim, which could result in […]
Read moreJune 2, 2021 7:55 am
Exxon Mobil Corp (XOM), Equinor and Petrogal Brasil said in a joint statement on Tuesday that they would begin developing an $8 billion Bacalhau oil field in Brazil. The field is to be operated by Norway’s Equinor, the companies said, while first oil from the site is expected in 2024. “Estimated recoverable reserves for the […]
Read moreJune 1, 2021 8:46 am
AUD/USD rose on Tuesday despite that the Reserve Bank of Australia kept policy settings without change and reiterated that monetary conditions would remain accommodative until at least 2024. The pair benefited mostly from US Dollar’s weakness, as the greenback was hovering just above 4 1/2-month lows against a basket of six major peers. An additional […]
Read moreJune 1, 2021 7:07 am
Tesla Inc’s Chief Executive Elon Musk said in a tweet over the weekend that deliveries of the Model S Plaid vehicle would be postponed until June 10th, since the car requires ”one more week of tweak.” The Model S Plaid was showcased as part of Tesla’s Battery Day presentation in September 2020, while the company […]
Read moreMay 31, 2021 8:54 am
GBP/USD traded within a narrow range amid calm trade on Monday due to the Spring Bank Holiday in the United Kingdom and the Memorial Day federal holiday in the United States. The pair looked set to register its fastest monthly rate of increase since November 2020. Last Friday the US Dollar briefly touched a two-week […]
Read moreMay 31, 2021 7:01 am
FAT Brands Inc and PepsiCo Inc (PEP) have formed an exclusive beverage partnership, the companies said last week. FAT Brands is building on its beverage relationship with PepsiCo to include brands such as the Fatburger, Johnny Rockets, Elevation Burger, Buffalo’s Cafe and Buffalo’s Express, it said. Under the new partnership, local FAT Brands restaurants will […]
Read moreMay 28, 2021 8:40 am
Spot Gold retreated on Friday, as the US Dollar extended a rebound from 20-week lows and the yield on US 10-year government bonds rose above 1.6%, which increased the opportunity cost of holding the non-yielding precious metal. Meanwhile, market players are now expecting the key US personal consumption data due out later on Friday for […]
Read moreMay 27, 2021 9:11 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday due to concerns over a possible increase in Iran’s oil supply. Still, demand optimism regarding the summer driving season in the United States and Europe was providing certain support. “Most of the euro zone countries’ travel restrictions are lifted considering lower COVID-19 cases boosting […]
Read moreMay 27, 2021 7:41 am
LexinFintech Holdings Ltd. (LX), a leading online consumption and consumer finance platform in China, said on Wednesday that Craig Yan Zeng had tendered in his resignation as Chief Financial Officer, with effect on June 7th. Zeng’s resignation came as a result of personal reasons, while he will keep a seat on Lexin’s board of directors. […]
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