November 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 […]
Read moreNovember 11, 2020 9:04 am
NZD/USD rose more than 1% on Wednesday to highs not seen since late March 2019, as market players trimmed bets that the Reserve Bank of New Zealand would introduce negative interest rates. Additionally, the US Dollar paused its rally against peers as initial optimism in regard to COVID-19 vaccine progress was offset by uncertainty about […]
Read moreNovember 10, 2020 10:33 am
AUD/USD remained mostly steady in mid-European session on Tuesday, as markets mulled recent news over progress in a COVID-19 vaccine development. Yesterday the pair surged to highs unseen in almost eight weeks, after reports emerged that Pfizer Inc’s experimental vaccine had proven to be more than 90% effective against the COVID-19 disease, based on initial […]
Read moreNovember 10, 2020 8:43 am
Three more logistics centers have been opened by Amazon in Brazil, the company said on Monday, as it seeks to take advantage of e-commerce boost in the country, resulting from the coronavirus pandemic. Amazon shares closed lower for a second consecutive trading session on NASDAQ on Monday. It has also been the steepest single-session loss […]
Read moreNovember 9, 2020 10:31 am
GBP/USD climbed to a fresh two-month high in Asia on Monday, as market players cheered Joe Biden’s election victory, supporting risk-sensitive currencies and pushing the US Dollar Index (DXY) down to a 10-week low due to expectations of diminishing trade frictions between the US and China and accommodative monetary policy in support of economy. The […]
Read moreNovember 9, 2020 8:58 am
Total vehicle sales at Ford Motor Co’s (F) ventures in China rose in October compared to a year ago, supported by strong demand for Sport-utility Vehicles (SUVs) and vans. Ford shares closed lower for the seventh time in the past ten trading sessions in New York on Friday. The stock went down 2.50% ($0.20) to […]
Read moreNovember 6, 2020 10:44 am
After surging more than 2% on Thursday amid post-election volatility and weaker US Dollar, Gold was mostly steady on Friday and was set to register its best weekly performance since late July due to prospects of more central bank support, as a divided US Congress under a Biden administration dimmed outlook for immediate fiscal stimulus. […]
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