February 22, 2021 10:12 am
GBP/USD hit a fresh 34-month high in early European trade on Monday, as the Sterling firmed further due to UK’s relative success in COVID-19 vaccination roll-out, which is expected to pull the economy out of the pandemic-induced recession. Ebbing concerns that the Bank of England could bring interest rates below zero has been another factor […]
Read moreFebruary 19, 2021 10:26 am
Spot Gold extended losses from the prior several trading days on Friday, while hitting a fresh 33-week trough, as the recent surge in US bond yields continued to weigh on demand for the safe-haven metal. Gold also looked set to register its biggest weekly loss since late November, being down 2.74%. The yield on 10-year […]
Read moreFebruary 19, 2021 8:38 am
Tesla Inc (TSLA) has slashed the price of its base variants of the Model 3 sedan and the Model Y Sports-utility vehicle (SUV), while the price for the performance variants of those vehicles has been raised. Lower vehicle prices come as the auto maker seeks to bolster its deliveries. Last year Tesla’s total deliveries stood […]
Read moreFebruary 18, 2021 10:07 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior three trading days on Thursday, while hitting a fresh 13-month high, due to concerns that a cold front in Texas, the largest oil-producing state, could disrupt oil output for days. Texas is facing massive refining outages and oil and gas shut-ins, with […]
Read moreFebruary 18, 2021 8:33 am
According to a report by the state news agency WAM, the United Arab Emirates’ civil aviation authority has given Boeing 737 MAX aircraft a green light to return to commercial service. Boeing shares closed lower for the fourth time in the past ten trading sessions in New York on Wednesday. The stock went down 0.76% […]
Read moreFebruary 17, 2021 10:30 am
The Swiss Competition Commission (COMCO) said earlier this week that it had launched a probe of Mastercard Inc (MA) in relation with possible obstruction of SIX’s National Cash Scheme, the legislation governing withdrawals and other transactions at banks’ cash machines. Mastercard shares closed higher for the fifth time in the past ten trading sessions in […]
Read moreFebruary 17, 2021 8:08 am
Adidas AG said on Tuesday that it was considering the divestiture of underperforming sports brand Reebok. Adidas first bought the US fitness label in 2006 in a deal valued at $3.8 billion in an attempt to better compete with rival Nike Inc. As of 8:03 GMT on Wednesday the shares of Adidas AG were losing […]
Read moreFebruary 16, 2021 10:36 am
AUD/USD extended gains from the previous three trading days on Tuesday, while touching a fresh one-month high, as it benefited from a surge in oil prices and optimism over a global economic recovery. The Aussie dollar, along with other commodity currencies, tracked higher oil prices after a cold front triggered a shutdown of wells and […]
Read moreFebruary 16, 2021 8:24 am
Mercedes-Benz USA, Daimler AG’s US unit, announced over the past weekend that it would recall 1.29 million vehicles, as their software may not communicate the correct vehicle location in case a crash occurs. The German company added it was preparing a software update, which will be installed by dealers or over-the-air. Daimler also said it […]
Read moreFebruary 15, 2021 10:08 am
GBP/USD rose to a fresh 34-month high on Monday, as market players doubted whether US recovery from the pandemic-induced shock would be as fast as anticipated, which pressured the US Dollar. The Sterling has also drawn support from the success of the UK government’s vaccination program. Reports emerged that the government had achieved its objective […]
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