November 18, 2020 9:17 am
NZD/USD rose on Wednesday and hit a fresh 86-week high, despite that concerns over surging new COVID-19 infections tempered market optimism over vaccine progress. “Further positive vaccine-development news is still expected over the next few days or weeks, and it does lower the downside risk to global growth,” Citi strategist Johanna Chua said. “But near-term […]
Read moreNovember 17, 2020 11:20 am
Home Depot Inc (HD) said on Monday that it had agreed to acquire HD Supply Holdings Inc for nearly $8 billion, as the home improvement chain seeks to expand its construction and maintenance goods business. The company said it intended to offer $56 per share in cash to shareholders of HD Supply. Home Depot shares […]
Read moreNovember 17, 2020 9:14 am
AUD/USD, along with other risk assets, received a boost overnight after media reports stated that Moderna’s COVID-19 vaccine had had a 94.5% efficacy rate, according to preliminary results from a large late-stage clinical trial. The major pair was holding above the 0.7300 mark on Tuesday, after earlier touching a one-week high of 0.7334. “The Moderna […]
Read moreNovember 16, 2020 10:48 am
Having touched highs not seen since last Wednesday earlier on Monday, GBP/USD traded slightly lower in mid-European session, as Brexit negotiations resumed. Market mood remained optimistic due to hopes over a working COVID-19 vaccine and signs that the United Kingdom and the European Union might make progress in reaching a post-Brexit trade agreement. Investor optimism […]
Read moreNovember 16, 2020 8:32 am
General Motors Co (GM) said last Friday that it would recall 68,677 electric vehicles across the globe due to a risk of fire, after five cases of fires have already been reported. The recall is to affect Chevrolet Bolt electric vehicles, produced between 2017 and 2019, which are equipped with high voltage batteries made at […]
Read moreNovember 13, 2020 11:26 am
Spot Gold edged higher within a narrow trading range on Friday, supported by a surge in new COVID-19 infections across Europe and the United States. However, the yellow metal looked set to register its largest weekly loss since the business week ended on September 25th due to optimism over coronavirus vaccine progress. Spot Gold plummeted […]
Read moreNovember 13, 2020 9:07 am
Boeing Co (BA) on Thursday revised up its 20-year forecast for China’s aircraft demand, even as the pandemic may obstruct global jet deliveries over the upcoming several years. Boeing shares closed lower for a second consecutive trading session in New York on Thursday. The stock went down 2.98% ($5.43) to $176.72, after touching an intraday […]
Read moreNovember 12, 2020 10:43 am
Futures on US West Texas Intermediate Crude Oil looked set to snap a three-day streak of gains on Thursday, after the International Energy Agency said a quick recovery in oil demand was not likely amid rising new COVID-19 cases across Europe and the United States. New social restrictions have already been imposed across Europe, while […]
Read moreNovember 12, 2020 8:34 am
Blackstone Group LP (BX) said earlier this week that it had acquired a majority stake in China Greater Bay Area’s largest urban logistics park from R&F Group in a deal valued $1.1 billion, while bolstering its logistics portfolio in the Asian country by almost one-third. Blackstone Real Estate’s opportunistic funds will buy a 70% stake […]
Read moreNovember 11, 2020 10:38 am
American Airlines Group Inc (AAL) on Tuesday announced a proposed underwritten public offering of 38.5 million shares of its common stock in an attempt to improve its liquidity amid weak air travel demand due to the COVID-19 crisis. The net proceeds from the offering are to be used for general corporate purposes, the air carrier […]
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