Month: June 2022

Sony and Honda's Joint Venture Could Produce a New Brand

Sony and Honda’s Joint Venture Could Produce a New Brand

Photo: Behrouz Mehri (Getty Images) Back in March, Sony and Honda jointly announced an initiative to come together for the “development and sales of high value-added battery electric vehicles.” This company doesn’t yet have a name, but according to Sony CEO Kenichiro Yoshida, both parties have agreed it should stand on its own. From Nikkei …

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LME hit by $450mn lawsuit from Elliott Management over nickel market chaos

LME hit by $450mn lawsuit from Elliott Management over nickel market chaos

US hedge fund Elliott Management is suing the London Metal Exchange for more than $456mn over its decision to cancel nickel trades in March after an unprecedented surge in the price of the metal. The judicial review claim was filed against the LME and its clearing house last week, according to a statement issued on …

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Gold loses early gains as greenback, U.S. Treasury yields push higher

Gold loses early gains as greenback, U.S. Treasury yields push higher

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold prices are modestly down in midday U.S. trading Monday, while silver is holding mild gains. Both metals …

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