October 5, 2020 7:17 am
Chevron Corp’s (CVX) division in Nigeria said over the weekend that it intended to reduce local workforce by 25%, as it seeks to cut costs amid weak global demand for oil. Last month the International Energy Agency revised down its full-year projection on oil demand internationally. Chevron shares closed higher for the fourth time in […]
Read moreOctober 2, 2020 11:58 am
PepsiCo Inc (PEP) said on Thursday that it would consider a move into alcoholic beverage business, two days after its competitor Coca-Cola Co announced plans to introduce an alcoholic sparkling water on the US market in 2021. PepsiCo shares closed higher for a second consecutive trading session on NASDAQ on Thursday. The stock went up […]
Read moreOctober 2, 2020 9:26 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior trading day on Friday, while hitting a fresh 2 1/2-week low, as reports emerged that US President Trump had tested positive for COVID-19. Additionally, fuel demand concerns continued to persist with no US fiscal stimulus deal in sight yet. Risk sentiment soured, […]
Read moreOctober 2, 2020 7:00 am
NZD/USD eased from Thursday’s one-week high and looked set to snap a five-day streak of gains on Friday, as risk sentiment dampened following reports that US President Trump tested positive for COVID-19. In a tweet, Trump said that he and first lady Melania would enter quarantine after Hope Hicks, a senior advisor who had recently […]
Read moreOctober 1, 2020 11:33 am
Tesla Inc (TSLA) slashed the starting price of its Shanghai-produced Model 3 sedans on Thursday by nearly 8% to 249,900 yuan ($36,800*), after state purchase subsidies, the US company stated on its China website. Previously, China-made Model 3 sedans with a standard driving range were priced at as low as 271,550 yuan. Tesla shares closed […]
Read moreOctober 1, 2020 9:13 am
Having registered its steepest monthly slump since November 2016 in September, Spot Gold rebounded on Thursday, supported by a weaker dollar and optimism over new fiscal stimulus package in the United States. US Treasury Secretary Steven Mnuchin said on Wednesday that negotiations with House Speaker Nancy Pelosi had “made a lot of progress” on the […]
Read moreOctober 1, 2020 7:15 am
AUD/USD extended gains from the previous three trading days on Thursday, while touching a fresh one-week high in early European session, as robust US macro data and optimism over US fiscal stimulus bolstered investor risk sentiment. US Treasury Secretary Steven Mnuchin said on Wednesday that negotiations with House Speaker Nancy Pelosi had “made a lot […]
Read moreSeptember 30, 2020 10:07 am
Walt Disney Co announced on Tuesday that nearly 28,000 employees at its US theme parks would be laid off, most notably in California where Disneyland is still closed, as the COVID-19 pandemic has delivered a severe hit to overall visitor flow. Walt Disney shares closed lower for the sixth time in the past ten trading […]
Read moreSeptember 30, 2020 7:06 am
NZD/USD was holding gains from the previous trading day in early European session on Wednesday. Still, however, the major pair was set to register its first monthly loss since March, being down 2.26% so far in September, as market players expect the Reserve Bank of New Zealand to introduce negative interest rates and adopt further […]
Read moreSeptember 29, 2020 11:20 am
According to a report by the Mint newspaper, citing sources with knowledge of the matter, Walmart Inc (WMT) is discussing with Tata Group an investment of up to $25 billion in the Indian company’s “super app,” which is expected to launch in India either in December or in January. The report stated the app was […]
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