US News

So there we have it, the Fed has left interest rates on hold, and as I have been saying, this was to be expected. Janet Yellen talked about uncertainty over China being a significant factor, and as I outlined again yesterday, subdued inflation was held out as another reason to remain loose. The US indices […]

All day long financial news sites have been littered with headlines speculating about whether or not the U.S. Federal Reserve would at last raise interest rates this month as has long been anticipated. If not speculating about whether or not, they speculated all day about what if. Between that and the reports on last night’s […]

What are the details? BP and Ningxia Baota Chemical Fibre Co., Ltd. (a majority owned subsidiary of Baota Petrochemical Group) have signed an agreement to license BP’s latest generation purified terephthalic acid (PTA) technology, the third such deal agreed by BP. Ningxia Baota intends to build a 1.2 million tonnes per annum (tpa) unit at […]

Board Appointment Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle sector, has announced the appointment of Mr. Gerard Dempsey to the Board as Chief Financial Officer with immediate effect. Mr Dempsey is a Chartered Accountant with over 30 years’ experience in senior finance roles across a range of […]

Governor Asa Hutchinson, State and Local Leaders Participate in Groundbreaking Ceremony and Solar Facility Dedication Aerojet Rocketdyne (NYSE:AJRD) today hosted a groundbreaking ceremony attended by nearly 200 people including Arkansas Governor Asa Hutchinson, other state and local dignitaries, company leaders and employees, to celebrate the company’s planned expansion that will bring...

Normally I don’t pay much attention to warnings of potential financial woes on the horizon, largely because there is always someone prophesying global gloom and doom. But when Citigroup’s chief economist warns, it is not only something I regard as newsworthy, it is something I regard as significant. Willem Buiter doesn’t do this sort of […]

Joint Industry Project supported by BG, Royal Dutch Shell, Wintershall, Maersk, TOTAL, Tullow Oil, eni, Senergy, and Oil States Industries Inc. Plexus Holdings, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has launched the POS-GRIP Python Subsea Wellhead at a launch ceremony attended […]

Operational Update Goldplat, the AIM listed African gold producer, has announced significant progress on capital projects and new contracts aimed at improving the production and efficiency of its gold recovery operation in South Africa, Goldplat Recovery (Pty) Limited, which processes by-products from the mining process to recover gold. Capital projects – A new electric boiler […]

What are the details? NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it has commenced an offer to exchange all of its outstanding 7.25% Senior Notes due 2020, which are not registered under the Securities Act of 1933, as amended, for an equal principal amount of newly issued 7.25% Senior Notes due 2020 that have been […]

The State-of-the-Art Port Facility Will Be Instrumental in Supporting Maine Port Authority’s Growth The Maine Port Authority has awarded Americold, the global leader in temperature-controlled supply chain solutions for the food industry, the bid to build a 150,000 sq. ft. facility on 6.3 acres of land adjacent to the International Marine Terminal in Portland, ME. […]