October 21, 2020 7:39 am
Having slipped to a three-week low on Tuesday after the release of the RBA Minutes, AUD/USD was attempting a rebound on Wednesday as investor risk sentiment received a boost due to pre-election US coronavirus aid deal optimism. Reports emerged stating that the White House and Democrats have taken a step closer to an agreement on […]
Read moreOctober 20, 2020 9:39 am
Tesla Inc (TSLA) said on Monday that it would begin to export Model 3 sedans produced in China to at least ten European countries, among which Germany, France, Switzerland and Italy, later in October. Tesla shares closed lower for a third consecutive trading session on NASDAQ on Monday. The stock went down 2.01% ($8.84) to […]
Read moreOctober 20, 2020 7:35 am
New Zealand Dollar retreated along with its Australian counterpart on Tuesday, while hitting a two-week low against the greenback, as investor risk sentiment cooled ahead of a Tuesday deadline for a deal on a US coronavirus relief package. At the same time, the minutes from the Reserve Bank of Australia’s latest policy meeting showed board […]
Read moreOctober 19, 2020 9:44 am
American Airlines Group Inc (AAL) said over the weekend that Boeing 737 MAX would probably return to commercial service by the end of this year. It would depend on when the jet is certified by the US Federal Aviation Administration, the company said. American Airlines shares closed higher for the sixth time in the past […]
Read moreOctober 19, 2020 7:47 am
After retreating more than 2% last week, AUD/USD began the new week on a stronger footing, supported by macro data showing China’s rebound from the coronavirus pandemic remained on track during the third quarter. China’s economy grew at an annualized rate of 4.9% in Q3, which fell short of market expectations of a 5.2% growth, […]
Read moreOctober 16, 2020 9:46 am
GBP/USD was attempting a rebound on Friday following Thursday’s retreat, as market players were expecting British Prime Minister Boris Johnson’s approach to Brexit negotiations later in the day. Previously, Johnson had set October 15th as a deadline after which Britain would leave the negotiations table in case a deal had not been secured. “There are […]
Read moreOctober 16, 2020 7:34 am
A report by Reuters, citing a person with knowledge of the matter, stated that Wells Fargo & Company (WFC) had fired between 100 and 125 employees in relation with COVID-19 relief fund misuse. According to David Galloreese, head of Human Resources at Wells Fargo, some of the bank’s employees made “false representations in applying for […]
Read moreOctober 15, 2020 9:35 am
Macy’s Inc (M) announced on Wednesday the appointment of Adrian Mitchell, a managing director at Boston Consulting Group, as its next Chief Financial Officer, who will assume the role in November. At the same time, the current interim CFO Felicia Williams is to join the company’s Racial Equity program as a Macy’s Inc Fellow. The […]
Read moreOctober 15, 2020 7:48 am
AUD/USD retreated to a fresh one-week low on Thursday as an announcement by the Reserve Bank of Australia raised speculation that interest rates might be cut in the near term, while the bank might increase purchases of longer-term government bonds. 10-year Australian bonds rallied on Thursday after RBA Governor Philip Lowe said yields were among […]
Read moreOctober 14, 2020 9:36 am
This year’s ‘Black Friday’ deals are to be extended beyond the traditional one-day period at Walmart Inc (WMT), the US retailer said on Wednesday, amid a significant change in clients’ spending habits because of the coronavirus pandemic. Walmart shares closed higher for a fifth consecutive trading session in New York on Tuesday. It has also […]
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