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The USD/MXN pair is up slightly today because of the overall stronger US dollar. The Mexican peso has also weakened because of low crude oil prices. Positive Mexican industrial production data provided support. The USD/MXN price is up by ~0.40% as traders react to the stronger US dollar, weak crude oil prices,...
Twilio to acquire San Francisco-based Segment for £2.46 billion. Segment marks the largest acquisition for Twilio to date. Twilio upgraded its outlook last week for sales in the third quarter. In an announcement on Monday, Twilio Inc. (NYSE: TWLO) said it will acquire Segment (customer data infrastructure company) for £2.46 billion in...
Mitsui & Co to sell remaining stakes in coal-fired power stations by 2030. The Japanese firm generates over 65% of its profit from metals & energy. Mitsui to launch LNG projects in arctic Russia & Mozambique before 2025. Mitsui & Co (TYO: 8031) said late on Friday that it is committed to...
LG Chem expects record operating profit in the third quarter. The South Korean company forecasts a 9% growth in Q3 revenue. LG Chem’s battery cells were not the cause of fires in Hyundai Kona. LG Chem Ltd (KRX: 051910) said on Monday it expects operating profit in the fiscal third quarter to...
General Motors’s sales in China jump 12% in the third quarter. GM delivered 771,400 vehicles in China from July to September. The U.S. automaker swung to a net loss of £584.46 million in Q2. General Motors (NYSE: GM) said on Monday that its sales in China came in 12% higher on a...
China recently held a crypto lottery in which it distributed 10 million yuan. Over 2 million people applied for the lottery, and 50,000 people won the right to receive CBDC coins. Winners can now download an app and use their coins at over 3,000 merchants in one of Shenzhen’s districts. China is...
IAG names Sean Doyle of Aer Lingus as the new CEO of British Airways. Alex Cruz will serve as non-executive chairman for a transition period. IAG announces Fernando Candela as its Chief Transformation Officer. CEO Luis Gallego of International Consolidated Airlines Group (LON: IAG) announced Sean Doyle as the new Chief Executive...
OneCoin crypto scheme is getting its own movie, according to recent reports. The project already has an unpublished book about it, and a TV show that is in development. It will revolve around the scheme which tricked numerous investors, with Kate Winslet starring in it. The cryptocurrency industry has been filled with...
TRON network recently launched a wrapped version of Bitcoin, BTCTRON. After less than two weeks, TRON’s Justin Sun revealed that TRON now has over 3,000 BTC. The coins can be swapped for BTC and vice versa instantly on Poloniex, and then used for yield farming. Back in early September, TRON founder and...
The US dollar index (DXY) is little changed as investors react to the impasse on US stimulus talks. The White House, House of Representatives, and Senate have disagreed on the amount of funding. The index is also waiting for the next earning season that will start tomorrow. The US dollar index (DXY)...