August 3, 2021 7:08 am
Renault SA (RENA) has inked a five-year lithium supply deal with Vulcan Energy Resources Ltd, which has been the latest move by an electric car maker to lock in supply of the battery metal ahead of a forecast increase in demand. Under the agreement, Vulcan will supply 6,000 to 17,000 tonnes of lithium per year […]
Read moreAugust 2, 2021 8:34 am
Daimler AG (DAIGn) said last week that it would retain a 35% stake in the trucks division, which it intends to spin off by the end of this year. Daimler shareholders are expected to vote on the spin-off of Daimler Truck Holding AG as a separate listed entity during an extraordinary general meeting on October […]
Read moreAugust 2, 2021 7:10 am
Food delivery firm Deliveroo said last week that it was mulling whether to discontinue services in Spain, because of high costs related to running operations in the South European country, to focus on other markets. “The company has determined that achieving and sustaining a top-tier market position in Spain would require a disproportionate level of […]
Read moreJuly 30, 2021 8:45 am
Spot Gold rose for a fourth straight trading day on Friday and looked set to register a monthly gain, as the US Dollar hovered just above a one-month low, making the precious metal less expensive for holders of other currencies. A recent poll by Reuters showed that Gold prices were expected to rise a little […]
Read moreJuly 30, 2021 6:49 am
Royal Dutch Shell said on Thursday that it had raised its dividend and launched a $2 billion share buyback programme, as it reported the highest quarterly profit in over two years, supported by a sharp increase in oil and gas prices. Total earnings that exclude special items, increased to $5.53 billion during the second quarter, […]
Read moreJuly 29, 2021 8:31 am
Futures on US West Texas Intermediate Crude Oil hit a fresh two-week high on Thursday, as US crude oil inventories dropped to levels not seen since January 2020. At the same time, Brent Oil once again regained ground above $75 per barrel. Brent prices moved past the $75 mark for the first time in over […]
Read moreJuly 29, 2021 6:43 am
Starbucks Corp (SBUX) has extended its partnership with Nestle to launch ready-to-drink coffee beverages such as Starbucks Frappuccino and Doubleshot in markets across Southeast Asia, Oceania and Latin America from next year. In 2018, the two companies signed a global licensing deal, under which Nestle was granted the perpetual rights to market Starbucks packaged coffee […]
Read moreJuly 28, 2021 10:02 am
Sweden’s Klarna said on Tuesday that it had bought influencer marketing software program agency APPRL. Based in Stockholm, APPRL has been the most recent addition to Klarna’s growing roster of retailer marketing companies. The financial details of the agreement, however, were not disclosed. The Swedish funds agency said that it expected around 28% of the […]
Read moreJuly 28, 2021 7:32 am
Raytheon Technologies Corp (RTX) on Tuesday revised up its full-year earnings forecast, while its second-quarter results outstripped analyst estimates, supported by stronger demand for its commercial engines, spare parts and aftermarket services. Net revenue went up 13% year-on-year to $15.88 billion during the second quarter, while exceeding market expectations. On an adjusted basis, revenue at […]
Read moreJuly 27, 2021 8:32 am
AUD/USD was a notch weaker on Tuesday, as market players abstained from opening big positions ahead of the Federal Reserve’s monetary policy decision later this week, which could provide guidance on whether the central bank will begin tapering stimulus. According to Commonwealth Bank of Australia strategist Joe Capurso, a suggestion that tapering could begin soon […]
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