Global News

The latest offer from Pfizer (NYSE:PFE) for AstraZeneca (LSE:AZN) (NYSE:AZN) has turned into a Phizaster. No matter how loudly one shouts “No,” it usually causes other voices to cry out in protest. Whilst the original “No” was directed at Pfizer, now the AZN board is saying “No” to its own shareholders. That’s probably not a […]

“We’ve seen plenty of traders over the years make huge returns on their accounts, well over 1000 per cent in a relatively short period of time, but as soon as they hit a drawdown period they just as quickly give it all back. This is because they were trading well beyond risk limits in the […]

Prospect located in Soledad Mariana Resources Ltd, the AIM quoted exploration and development company focused in Peru and southern Argentina, announces positive results from its first drill hole of a 2000m campaign at the copper-gold-silver Soledad prospect in Peru located in the prospective Cordillera Negra metallogenic province approximately 34 km to the south of the […]

The biggest financial news of the day, for me at least, is that the new company, formerly known as Glencore Xstrata (LSE:GLEN), and known before that as two companies, i.e., Glencore and Xtrata, shall now henceforth officially be called Glencore. Its EPIC ID will still be GLEN. The impact of the announcement at the company’s […]

It took less than 24 hours, most of which, I assume, AstraZeneca’s (LSE:AZN) chairman, Leif Johansson spent getting a good night’s sleep, to resoundingly reject Pfizer’s (NYSE:PFE) latest and final takeover offer of £55.00 per share. AZN share price has dropped by more than 11% to £42.75. Pfizer made it abundantly clear yesterday, 18 May, that £55.00 per […]

I have avoided writing about the on-again, off-again takeover of AstraZeneca (LSE:AZN) by Pfizer (NYSE:PFE) simply because it has been on-gain, off-again. As of just a few minutes ago Pfizer released news and details of what it says is its final offer to AstraZeneca. In short, if this deal happens, it will be one of […]

Walmart’s (NYSE:WMT) share price has dropped by 3.06% to 76.61 in the wake of a flat first quarter earnings report. The share price had already stumbled by 2.7% early this morning, more than an hour before the opening bell. Earnings per share for the quarter retracted 3.5% to $1.10. Walmart’s new CEO, Doug McMillon, reassured […]

“I’m a breakout trader, and I’ll tell you, over time I have had to learn over and over again to resist the temptation: “This thing is going to go up, I need to get in before it breaks out of this pattern.” – Peter Brandt Facing the realities of the markets successfully is a must […]

BOND ISSUE SETS €2.5 BILLION WORLD RECORD Euronext, the wholly-owned subsidiary of IntercontinentalExchange (NYSE:ICE) today announces the successful issue of GDF SUEZ’s €2.5 billion Green Bond on Monday, 12 May 2014. The issue represents nearly one-quarter of all corporate green bonds issued worldwide in 2013. The bond has two tranches: a 6-year tranche of €1,200 […]

Stellar Diamonds plc, the London listed (AIM:STEL) diamond development company focused on West Africa, announces that processing of bulk sample material at its Tongo kimberlite dyke project in Sierra Leone is yielding higher diamond grades than previously reported. Highlights: · Processing to date has yielded 730 carats for an increased undiluted grade of 134cpht · […]