March 5, 2021 8:28 am
Britain’s Competition and Markets Authority (CMA) said on Thursday that it had launched a probe into Apple Inc (AAPL) following allegations the tech giant’s terms and conditions for app developers are anti-competitive and unfair. The investigation aims to determine whether Apple has a monopoly over app distribution on its devices in the United Kingdom, the […]
Read moreMarch 4, 2021 9:50 am
Futures on US West Texas Intermediate Crude Oil extended gains from the previous trading day on Thursday, as OPEC+ producers may decide to stick with oil output cuts at a meeting later today, which provided support to oil prices. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, may roll over production […]
Read moreMarch 3, 2021 10:15 am
Capital One Financial Corp (COF) said on Tuesday that it had appointed two new members to its Board of Directors – Ime Archibong and Craig Williams, who will stand for election by Capital One shareholders in May. Ime Archibong is Head of New Product Experimentation at Facebook. Previously, he served as Vice President of Product […]
Read moreMarch 3, 2021 8:30 am
Exxon Mobil Corp (XOM) said earlier this week that it had appointed activist investor Jeff Ubben and Michael Angelakis, previously Chief Financial Officer at Comcast Corp, to its board of directors. The news came after Tan Sri Wan Zulkiflee Wan Ariffin, previously Chief Executive Officer of Malaysia’s state energy company Petronas, became part of the […]
Read moreMarch 2, 2021 10:01 am
AUD/USD retreated on Tuesday after the Reserve Bank of Australia (RBA) once again pledged to continue bond purchases and reassured that accelerated growth would not lead to an early policy tightening. The RBA also left its official cash rate without change at a record low level of 0.10% at its policy meeting on Tuesday, in […]
Read moreMarch 1, 2021 10:24 am
After a sharp retreat against the US Dollar at the end of last week due to an aggressive sell-off in global bond markets, the Sterling and other risk-sensitive currencies stabilized during Monday’s European session, recouping a portion of losses. Bond sell-off reflected a bet by investors that central banks across the globe will have to […]
Read moreMarch 1, 2021 8:39 am
General Motors Co (GM) announced last week that all workers at one of its plants in Brazil would be put on furlough for 20 days during March in relation with maintenance and updating of factory lines. As a result, production at the plant will be suspended. The facility, which is located in Gravatai in the […]
Read moreFebruary 26, 2021 10:08 am
Spot Gold extended losses from the previous three trading days on Friday, while hitting a fresh eight-month low, as optimistic macroeconomic outlook and higher inflation expectations gave US bond yields a boost. The commodity was also poised to register its second straight week of losses and the worst monthly performance since November 2020. Yesterday the […]
Read moreFebruary 25, 2021 10:15 am
Futures on US West Texas Intermediate Crude Oil extended gains from the previous trading session on Thursday, while touching a fresh 59-week high, as a Texas winter storm led to a considerable drop in US crude oil production last week, while the Federal Reserve assured markets that monetary policy would remain accommodative. The latest data […]
Read moreFebruary 25, 2021 8:07 am
Exxon Mobil Corp (XOM) said on Wednesday that it would divest some of its exploration and production assets in the UK and North Sea in an over $1 billion deal with private-equity fund HitecVision. The agreement includes ownership interests in 14 producing fields, operated mostly by Shell, along with interests in the associated infrastructure. Another […]
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