February 9, 2021 10:11 am
AUD/USD, a liquid proxy for risk, extended gains from the previous two trading days on Tuesday, while touching a fresh two-week high, supported by improved market sentiment and upbeat Australian macro data. National Australia Bank’s gauge of business confidence, reported earlier Tuesday, climbed to a reading of 10 in January from a revised up value […]
Read moreFebruary 9, 2021 8:40 am
Morgan Stanley (MS) said on Monday that it had initiated a long position in the Russian Rouble against a 50-50 basket of the US Dollar and the Euro, as it targets a 6% surge in Russia’s currency. Morgan Stanley shares closed higher for a third consecutive trading session in New York on Monday. The stock […]
Read moreFebruary 8, 2021 10:04 am
GBP/USD eased from recent more than 2 1/2-year highs, but remained supported just above the 1.3700 mark on Monday, with some analysts being rather bullish on its outlook. Earlier in February the Sterling climbed to highs unseen since May 2018 against the US Dollar, supported by improved risk sentiment, optimism over UK’s coronavirus vaccine roll-out […]
Read moreFebruary 5, 2021 10:42 am
Having touched a two-month low on Thursday, Spot Gold managed to recoup part of recent losses on Friday, as the US Dollar eased from highs unseen since early December. Still, however, the yellow metal looked set to register its steepest weekly decline since the business week ended on January 8th, being down 2.20%. “There is […]
Read moreFebruary 5, 2021 8:53 am
Ralph Lauren Corp (RL) on Thursday projected a sharper-than-anticipated decrease in its fourth-quarter revenue, as it cited new lockdowns in key markets such as Europe and Japan. The company said that it forecast a mid-to-high single-digit drop in its revenue for the fourth quarter of fiscal 2021, while a consensus of analyst estimates had pointed […]
Read moreFebruary 4, 2021 10:05 am
Futures on US West Texas Intermediate Crude Oil rose for a fourth straight trading day on Thursday after OPEC+ maintained oil production cuts, while crude oil inventories in the United States dropped to levels not seen since March 2020. During a meeting on Wednesday, the Organization of the Petroleum Exporting Countries and allies, a group […]
Read moreFebruary 4, 2021 8:31 am
According to an announcement by the US Department of Labor earlier this week, Alphabet Inc’s Google will seek to settle allegations, that it underpaid female employees and unfairly passed over female and Asian candidates for job openings, by spending $3.8 million. Alphabet shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. […]
Read moreFebruary 3, 2021 9:31 am
Ford Motor Co (F) said earlier this week that it intended to invest $1.05 billion in its manufacturing operations in South Africa. The amount above includes $683 million for technology upgrades and new facilities at Ford’s Silverton-based plant and $365 million for tooling upgrades at major supplier factories. Ford shares closed higher for a second […]
Read moreFebruary 2, 2021 10:15 am
AUD/USD eased on Tuesday, but remained supported just above the 0.7600 mark, after the Reserve Bank of Australia surprised markets by extending its bond-purchasing program and also stressed on its commitment to keep interest rates on hold until at least 2024. The RBA left its benchmark cash rate intact at a record low level of […]
Read moreFebruary 2, 2021 8:51 am
According to a regulatory filing, the annual compensation for Wells Fargo & Co’s Chief Executive Officer Charles Scharf will be almost 12% lower in 2020 compared to a year ago. Scharf’s total compensation for 2020 will decrease to $20.3 million from $23 million in 2019, the filing revealed. Wells Fargo shares closed higher for the […]
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