August 11, 2021 8:33 am
National Australia Bank said earlier this week that it had agreed to acquire Citigroup Inc’s consumer unit in Australia for nearly $882.2 million, as the Wall Street bank withdraws from the region. The deal would consolidate over 90% of Australia’s credit card industry into the hands of the nation’s top four banks. NAB is to […]
Read moreAugust 9, 2021 12:56 pm
GBP/USD traded within a relatively tight range on Monday, while hovering just above lows unseen in 1 1/2 weeks, as market players were weighing up the possibility of an earlier asset purchase tapering by the Federal Reserve. The major pair retreated over 0.4% on Friday on the back of a stronger-than-anticipated US Non-Farm Payrolls report. […]
Read moreAugust 9, 2021 7:04 am
CNN announced last week that it had terminated three employees who did not follow its coronavirus safety policies by going to the office without being vaccinated. Earlier this year, the news network had said that in order to return to its American offices, all employees would be required to get vaccinated against COVID-19. “In the […]
Read moreAugust 6, 2021 9:25 am
Spot Gold retreated for a second straight trading day on Friday, as the US Dollar held close to one-week highs ahead of the highly anticipated US Non-Farm Payrolls report. Meanwhile, more Federal Reserve officials indicated that the central bank could taper its asset-purchasing program sooner than expected. Fed Governor Christopher Waller said earlier this week […]
Read moreAugust 6, 2021 7:35 am
Tesla Inc’s (TSLA) Chair Robyn Denholm has sold shares in the auto maker valued at more than $22 million after exercising stock options, a filing with the US Securities and Exchange Commission showed. Denholm joined the electric car maker’s board as an independent director in 2014 and succeeded Chief Executive Officer Elon Musk as the […]
Read moreAugust 5, 2021 8:30 am
Futures on US West Texas Intermediate Crude Oil retreated for a fourth straight trading day on Thursday with more countries imposing restrictions on movement amid continuing increase in new COVID-19 cases and a firmer US Dollar. Japan was due to expand emergency restrictions to more prefectures on Thursday, while China imposed restrictions in some cities […]
Read moreAugust 5, 2021 7:03 am
BMW on Tuesday revised up its profit forecast for the full year after reporting better-than-expected second-quarter results. However, the car maker warned that the global semiconductor chip shortage as well as a surge in raw material prices would hamper its results during the second half of 2021. BMW’s total sales rose almost 45% year-on-year during […]
Read moreAugust 4, 2021 9:25 am
DHL Express, the unit of logistics group Deutsche Post, said on Tuesday that it had ordered 12 electric cargo planes from start-up company Eviation, to be delivered in 2024. DHL said it was the first company across the globe to order Eviation’s “Alice” aircraft. The “Alice” plane can be operated by a single pilot and […]
Read moreAugust 4, 2021 7:48 am
Blackstone and Hudson Pacific Properties said earlier this week that they intended to establish a major film, TV and digital production complex in Broxbourne, UK. This is expected to be the first expansion of their Sunset Studios platform abroad. Funds managed by Blackstone and Hudson Pacific bought a 91-acre site, located 17 miles from central […]
Read moreAugust 3, 2021 8:38 am
AUD/USD extended gains on Tuesday after the Reserve Bank of Australia surprised markets with its decision to stick with bond purchase tapering plans. At the same time, the RBA official cash rate was kept intact at a record low level of 0.10% during the bank’s policy meeting earlier on Tuesday, in line with market expectations. […]
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