May 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. […]
Read moreMay 26, 2021 9:20 am
SMBC Aviation Capital said on Tuesday that it had ordered 14 additional 737-8 jets from Boeing Co (BA), which would expand its 737 MAX portfolio to 121 planes. The new order comes at a time when air carriers prepare for a robust rebound in global air travel and modernize their narrowbody fleets. “We are pleased […]
Read moreMay 26, 2021 7:50 am
X Financial (XYF) said earlier this week that it had appointed Shaoyong (Simon) Cheng as the Vice Chairman of the Board of Directors. Cheng has stepped down as President of the company and has been succeeded by Kan (Kent) Li, effective May 24th. Shaoyong (Simon) Cheng became part of X Financial’s team in 2015 and […]
Read moreMay 25, 2021 8:35 am
AUD/USD edged higher on Tuesday, mostly due to a weaker US Dollar, as Federal Reserve officials allayed concerns that inflationary pressure would force the central bank to tighten policy. “I think there will come a time when we can talk more about changing the parameters of monetary policy, I don’t think we should do it […]
Read moreMay 24, 2021 7:32 am
Delta Air Lines Inc (DAL) said last week that it had appointed Dan Janki as its new Executive Vice President and Chief Financial Officer. Janki joins the US air carrier from General Electric, where he currently serves as Senior Vice President and Chief Executive of GE Power Portfolio. As CFO, Janki will oversee financial reporting, […]
Read moreMay 21, 2021 8:35 am
Spot Gold was on track to register its third consecutive week of gains amid signs of inflationary pressure, while the US Dollar held close to 12-week lows against major peers and 10-year US bond yields dropped. “U.S. economic data has given us strong inflation alerts this week, meaning yields and the dollar have fallen, strong […]
Read moreMay 20, 2021 9:23 am
Futures on US West Texas Intermediate Crude Oil retreated for a third straight trading day on Thursday, as an increase in US oil inventories added to demand concerns amid rising new coronavirus infections in parts of Asia, including India where more movement restrictions have been imposed. An official report by the US Energy Information Administration […]
Read moreMay 20, 2021 7:53 am
Southwest Airlines Co (LUV) on Wednesday revised down its average core cash burn forecast for the second quarter by $1 million per day, since a recovery in leisure travel demand is likely to more than compensate for higher fuel prices. According to Southwest, leisure passenger travel demand and bookings have improved in May and June […]
Read moreMay 19, 2021 9:35 am
International Business Machines Corp (IBM) announced on Tuesday that it would acquire Waeg, a consulting partner for Salesforce. The acquisition is expected to extend IBM’s range of services and also to support its hybrid cloud and artificial intelligence strategy. The deal follows another acquisition by IBM in January – that of 7Summits, a US-based firm […]
Read moreMay 19, 2021 8:16 am
AT&T Inc (T) announced earlier this week that it had reached an agreement to merge its content unit, WarnerMedia, with Discovery. Under the terms of the deal, AT&T expects to receive an aggregate amount of $43 billion that combines cash, debt as well as WarnerMedia’s retention of certain debt. As a result of the agreement, […]
Read more
