September 25, 2020 11:33 am
AMC Entertainment Holdings Inc (AMC) said in a SEC filing that it had reached an agreement with major banks to sell up to 15 million shares in an attempt to raise funds as it burns cash because of the coronavirus crisis. Shares of AMC Entertainment Holdings closed lower for a sixth consecutive trading session in […]
Read moreSeptember 25, 2020 9:03 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Friday, supported by a drop in US crude oil, gasoline and distillate inventories last week, as reported by the Energy Information Administration. However, further upside may be capped as virus resurgence in Europe and elsewhere added to prospects of […]
Read moreSeptember 25, 2020 7:02 am
NZD/USD rebounded from Thursday’s one-month low on Friday, as the US Dollar eased from a two-month peak against peers, but still, market players were not convinced if the greenback’s upward move had been exhausted due to uncertainty surrounding US fiscal stimulus. “I personally think the dollar’s rise and risk-off trade could continue. The U.S. news […]
Read moreSeptember 24, 2020 11:30 am
KKR & Co Inc (KKR) will purchase online contact lens retailer 1-800 Contacts from AEA Investors LP, Reuters reported. The deal was valued at more than $3 billion, the same media said, citing a knowledgeable source. Shares of KKR & Co closed lower for the sixth time in the past ten trading sessions in New […]
Read moreSeptember 24, 2020 9:20 am
Spot Gold retreated for a fourth straight trading day on Thursday and touched a fresh two-month low, pressured by a stronger US Dollar amid uncertainty surrounding US fiscal and monetary stimulus measures. The US Dollar remained firm near a two-month high against a basket of six major peers, as a second wave of infections in […]
Read moreSeptember 24, 2020 7:01 am
AUD/USD retreated for a fifth straight trading day on Thursday, as it hit a fresh two-month low in late Asian session, pressured by prospects of further monetary policy easing in Australia, while investor risk appetite waned due to slowing business activity in the US in September and surging new COVID-19 infections in Europe. “Risk is […]
Read moreSeptember 23, 2020 11:27 am
Unifor union National President Jerry Dias said on Tuesday that Ford Motor Co (F) planned to invest CAD 1.95 billion ($1.46 billion) in its Canadian facilities in Oakville and Windsor as part of an agreement with Canadian autoworkers. According to Dias, the agreement covers a reorganization of the Oakville facility in order to manufacture 5 […]
Read moreSeptember 23, 2020 9:01 am
Futures on US West Texas Intermediate Crude Oil resumed slide on Wednesday after an industry report revealed an unexpected surge in US crude stockpiles last week. Additionally, a second wave of COVID-19 infections across Europe and the probability of another round of lockdown restrictions in Britain have added to fuel demand concerns. “A resurgence in […]
Read moreSeptember 23, 2020 7:01 am
NZD/USD continued to edge lower on Wednesday, while touching a fresh one-month low, as the US Dollar strengthened to a two-month high against major peers, while the Reserve Bank of New Zealand kept monetary policy unchanged, but indicated that interest rates might be taken below zero next year. The RBNZ kept the official cash rate […]
Read moreSeptember 22, 2020 11:50 am
Microsoft Corp (MSFT) announced on Monday plans to acquire ZeniMax Media in a cash deal valued at $7.5 billion. This is going to be the most formidable gaming acquisition Microsoft has ever made, as the software giant aims to bolster its video game catalogue in its fierce competition with Sony. ZeniMax, which is the parent […]
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