May 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. […]
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 […]
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