September 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 […]
Read moreSeptember 29, 2020 9:05 am
Futures on US West Texas Intermediate Crude Oil fell on Tuesday, following an almost 1% surge during the previous trading day, as pandemic-related demand concerns overshadowed optimism over a new fiscal stimulus package in the United States. Both WTI and Brent benchmarks gained on Monday after reports emerged that US Democrats had unveiled a new […]
Read moreSeptember 29, 2020 6:57 am
AUD/USD continued its rebound from last Friday’s two-month low on Tuesday, as market expectations of a rate cut by the Reserve Bank of Australia were pushed back to November from a policy meeting next week. Additional support for the Aussie came with improving risk sentiment across a range of markets. Yesterday Westpac analysts revised their […]
Read moreSeptember 28, 2020 10:55 am
GBP/USD hit a fresh one-week high during late European session on Monday, supported by investor optimism that the UK could strike a post-Brexit trade deal with the EU by next month, or at least avoid a messy departure from the political and economic union. Both sides need to come to an agreement until the end […]
Read moreSeptember 28, 2020 9:25 am
Spot Gold edged lower at the start of the new week, as the US Dollar held on to recent gains near a two-month peak against major peers ahead of the first presidential election debate between US President Trump and Democrat Joe Biden. The commodity was set to register its biggest monthly loss since November 2016, […]
Read moreSeptember 28, 2020 7:09 am
The board of directors of Lockheed Martin Corp (LMT) has authorized a dividend of $2.60 per share for the fourth quarter of 2020, which is an increase of $0.20 per share compared to third-quarter dividend. The dividend will be paid on December 24th to holders of record as of the close of business on December […]
Read moreSeptember 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 […]
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