May 13, 2021 9:07 am
After a two-day rally, futures on US West Texas Intermediate Crude Oil plunged over 2% on Thursday, despite forecasts of a rebound in oil demand globally, as the COVID-19 crisis in India worsened. The International Energy Agency (IEA) said yesterday that oil demand was already exceeding supply, while that shortfall will probably increase even if […]
Read moreMay 13, 2021 7:30 am
The Wendy’s Co (WEN) on Wednesday reported first-quarter revenue and earnings above Wall Street estimates and raised its full-year profit forecast. The burger chain is confident that its breakfast menu, which it launched just prior to last year’s lockdowns, will bring back customers as restaurants reopen for business. Wendy’s shares closed lower for the fourth […]
Read moreMay 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 […]
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