CHF/JPY suffered heavy losses during the European trading hours on Thursday. SNB hiked its policy rate by 75 bps following September policy meeting. Japanese government announced that they intervened in the FX market. After having touched its highest level since 1980 above 151.00 earlier in the day, the CHF/JPY pair lost over 600 pips in… […]
GBP/USD comes under intense selling pressure on news of Japan’s intervention in the FX market. A solid intraday recovery in the British pound offers some support and helps limit the downside. The market focus remains glued to the crucial BoE monetary policy decision due on Thursday. The GBP/JPY cross witnessed a dramatic intraday turnaround on… […]
EUR/USD recovered modestly during the European trading hours. The pair needs to reclaim 0.9880 to extend the rebound, FXStreet’s Eren Sengezer reports. The dollar could lose interest in case US stocks rebound “In case Wall Street’s main indexes gain traction after the opening bell, the dollar could deepen its downward correction and allow EUR/USD to… […]
A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David ‘Dee’ Delgado/File Photo Acquire Licensing RightsFRANKFURT, Sept 26 (Reuters) – Volkswagen (VOWG_p.DE) will suspend production of ID.3 and Cupra Born electric cars at its Zwickau and Dresden plants in Germany in the first… […]
[1/4]Ford Motor Company Chief Executive Bill Ford announces Ford will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan U.S., February 13, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 25 (Reuters) – Ford Motor (F.N) said on Monday it has paused work… […]
Sept 26 (Reuters) – Shares of Immunovant (IMVT.O) more than doubled on Tuesday after early-stage data from its experimental antibody treatment exceeded analysts’ expectations.The drug developer, whose shares hit a more than two-and-a-half year high of $41.72, was set to add nearly $3 billion to its market capitalization if gains hold.Immunovant is developing its antibody… […]
BELLEVILLE, Michigan, Sept 26 (Reuters) – President Joe Biden on Tuesday joined a picket line with striking autoworkers in Michigan, supporting their call for a 40% pay raise and saying they deserve a “lot more” than they are getting.Biden’s appearance, the first visit by a U.S. president to striking workers in modern history, comes a… […]
Sept 25 (Reuters) – Sea ice that packs the ocean around Antarctica hit record low levels this winter, the U.S. National Snow and Ice Data Center (NSIDC) said on Monday, adding to scientists’ fears that the impact of climate change at the southern pole is ramping up.Researchers warn the shift can have dire consequences for… […]
April 18 (Reuters) – Netflix Inc (NFLX.O) beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges the mature streaming service faces in its pursuit of growth.The company said it shifted a wider launch of a plan to crack down on unsanctioned password sharing into the… […]
[1/2] He Xiaopeng, the co-founder, chairman and CEO of XPeng Motors attends a news conference ahead of the Shanghai Auto Show, in Shanghai, China April 16, 2023. REUTERS/Aly SongApril 18 (Reuters) – Chinese electric vehicle maker Xpeng Inc (9868.HK) is the latest manufacturer hoping to save money and speed development and production by shifting to a… […]
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