May 12, 2021 9:32 am
T-Mobile US Inc (TMUS) said earlier this week that its direct wholly-owned subsidiary, T-Mobile USA Inc, had agreed to sell $800 million aggregate principal amount of its 2.250% Senior Notes due 2026, $1.100 billion aggregate principal amount of its 3.375% Senior Notes due 2029 and $1.100 billion aggregate principal amount of its 3.500% Senior Notes […]
Read moreMay 12, 2021 7:20 am
Coty Inc’s (COTY) third-quarter revenue, reported earlier this week, dropped 3.3% year-on-year. The company’s cosmetic product sales were adversely affected by coronavirus-related restrictions in some parts of Europe, including the United Kingdom and France. Coty’s revenue from continuing operations on a reported basis shrank to $1.03 billion during the latest fiscal quarter, while matching a […]
Read moreMay 11, 2021 8:22 am
AUD/USD held in proximity to recent 11-week highs on Tuesday, while drawing support from an extended bullish move in global commodity prices. Prices of iron ore, Australia’s key export resource, rose 10% to an all-time high of over $200 per tonne, while the steel-making material brought in AUD 150 billion during the year to March. […]
Read moreMay 10, 2021 9:23 am
GBP/USD extended Friday gains and hit a fresh 11-week high on Monday, with market players’ focus being on the UK economic recovery rather than the possibility of another referendum on independence in Scotland. Pro-independence parties won a majority in Scottish parliament over the weekend, which paved the way for a political, legal and constitutional battle […]
Read moreMay 10, 2021 7:29 am
According to a statement by American International Group Inc’s (AIG) Chief Executive Officer Peter Zaffino last week, the company intends to use an IPO in order to sell a 19.9% stake in its life and retirement unit. The company weighed interest from competitors, however, according to the CEO, “at this time, we believe an IPO […]
Read moreMay 7, 2021 9:00 am
Spot Gold extended gains to an 11 1/2-week high on Friday and was also set to register its best weekly performance in six months, as the US Dollar was hovering near a one-week low and 10-year US government bond yields were near a two-week low ahead of the key US Non-Farm Payrolls data due out […]
Read moreMay 6, 2021 9:05 am
Futures on US West Texas Intermediate Crude Oil rose on Thursday following a slight retreat the prior day, as US crude oil stocks decreased at a sharper rate than anticipated last week due to a surge in refining output and exports. An official report by the US Energy Information Administration showed on Wednesday that crude […]
Read moreMay 5, 2021 8:44 am
According to a Tuesday report by Bloomberg News, citing sources with knowledge of the matter, Goldman Sachs Group Inc (GS) intends to inform its employees to be prepared to return to offices by mid-June. The Wall Street bank employs almost 40,000 people across the globe. Other banks such as Wells Fargo & Co had previously […]
Read moreMay 4, 2021 8:42 am
AUD/USD retreated on Tuesday, while staying within a relatively narrow range, after the Reserve Bank of Australia kept policy settings without change and reiterated that monetary conditions would remain accommodative until at least 2024. Still, the central bank raised its forecasts for Australia’s economy. The official cash rate was kept intact at a record low […]
Read moreMay 3, 2021 9:14 am
GBP/USD bounced from a two-week low at the start of a week heavy on major macroeconomic data and central bank meetings. Trade volumes were lighter due to holidays in Japan, China and the UK, while market volatility – subdued. The Bank of England is scheduled to hold a policy meeting on Thursday, with asset purchases […]
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