October 14, 2021 7:23 am
According to data from the China Passenger Car Association (CPCA), Tesla Inc (TSLA) sold over 56,000 locally-made electric vehicles in September, or the most since the company initiated production in Shanghai nearly two years ago. Of that total, the electric car maker exported 3,853 vehicles from its Shanghai facility, where it assembles Model 3 sedans […]
Read moreOctober 13, 2021 9:35 am
Amazon.com Inc (AMZN) launched earlier this week its Amazon Prime service in Poland, which offers free delivery and video streaming, while triggering a sell-off in shares of local e-commerce competitor Allegro. “We are very pleased with the way Polish customers accepted the Amazon.pl service launched at the beginning of this year,” Mourad Taoufiki, CEO of […]
Read moreOctober 13, 2021 7:34 am
The major US indices finished North for a third consecutive day, after an extremely volatile September, with the Dow, S&P and Nasdaq deleting .34%, .24% and .14% respectively. This time the IMF downward revised forecast for the world GDP growth twisted the positive moods of investors – the global economy will grow with 5.9% in […]
Read moreOctober 13, 2021 7:11 am
Volkswagen AG (VOWG) said earlier this week that it would decide on the location for a planned battery cell facility in Eastern Europe during the first half of 2022. The auto maker is still planning to firmly settle on a location for the facility in the first six months of next year, it said, while […]
Read moreOctober 12, 2021 7:32 am
According to a report by Le Figaro daily newspaper over the weekend, Carrefour SA (CARR) has no longer interest in a possible partnership with Auchan after the two French companies held exploratory talks over the past months. The decision was made by the company’s strategic committee last week on the recommendation of Chief Executive Officer […]
Read moreOctober 11, 2021 6:16 am
The market pullback that began in September and brought the S&P 500 down more than 5% from its record did not prove to be a “bubble burst”. For the week ended, the S&P 500 added back 0.8% and is again just 3.4% away from its record. Even the relatively disappointing employment figures on Friday did […]
Read moreOctober 10, 2021 5:51 pm
Production at Ford Motor Co’s (F) Hermosillo plant in Mexico will be temporarily suspended on October 11th and October 12th due to a shortage of material, the facility’s labor union said last week. However, it did not become clear which materials were in short supply. Plant workers will receive 75% of their salaries on those […]
Read moreOctober 8, 2021 8:34 am
The US Markets finished on the green yesterday, with the Dow, S&P and Nasdaq adding 0.92%, 0.83% and 1.05% respectively. Two important things cheered the market – the debt ceiling deal and the favorable labor market conditions reported so far. The Senate closed in a deal to avert default right now, increasing the debt ceiling […]
Read moreOctober 8, 2021 7:17 am
Royal Dutch Shell said on Thursday that it expected to incur a $400 million hit to its third-quarter earnings, to be reported this month, from August’s Hurricane Ida. On the other hand, the oil company raised its cash flow forecast due to rising electricity prices. Gas and electricity prices have been surging since tight gas […]
Read moreOctober 7, 2021 7:24 am
Alphabet Inc’s Google said on Wednesday that it intended to invest $1 billion in Africa over the upcoming five years in order to facilitate access to fast and cheaper internet service and to support the continent’s digital transformation. The announcement was made during a virtual event where Google launched an Africa Investment Fund, through which […]
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