US News

Once upon a time there were mining giants.  They mined huge amounts of different ores all over the world.  In order to get their mining done, the giants needed the help of elves.  WRONG STORY!  They needed that help of other giants.  One of them was a giant Caterpillar.  The Caterpillar became very rich and […]

If you follow this column on even a semi-regular basis, you know that I stand on the axiom that “cause and effect are not necessarily closely related in time and space.”  Were it not for the single word “necessarily,” Shire Plc (LSE:SHP) would have resoundingly proven me wrong today.  Shire released it Q3 financials at […]

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2013. The sum total in August of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of negative $2.9 billion. Of this, net foreign private outflows were negative $15.1 billion, […]

Wall street was very positive on a Friday, in which several companies ads were the protagonists. The results published by Google Inc. and Morgan Stanley were well received on Wall Street, plus S & P500 exactly where this was boosted bullish. Moreover, the U.S. dollar had significant drops this week and closed below 79.65 minimum. […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This was the week that US politicians finally saw the error of their ways and pulled their country back from the brink of debt default, albeit by delaying the inevitable for just a few months meaning we’re likely to […]

First shutdown since 1995. Following a last minute deal between Democrats and Republicans to end the US government shutdown the Treasury Secretary, Jacob Lew, issued a statement saying that “the cloud of uncertainty hanging over the economy”. Secretary Lew’s full statement: “We welcome the bipartisan action Congress is taking to resolve this crisis, re-open the […]

When I settle in to my office on a typical morning, Londoners have already had lunch and are ready for afternoon tea.  This sometimes works to my advantage, when I manage to catch the late-breaking stories.  At other times, I feel like I have been left with the scraps left over from my prolific colleagues, […]

Mike van Dulken, Head of Research at Accendo Markets, commented to clients this morning; We’re getting another batch of positive noises from Washington regarding a deal to re-open government, sort out a short-term budget and delay the debt ceiling. For once, at least it is early in the week, rather than a tease into the […]

Acquisition of 78% WI in 1,520 net mineral acres in Osage County Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has announced that it has acquired, for a cash consideration of US$1 million (£625,000), an average 78% working interest (‘WI’) and 54% net revenue interest (‘NRI’) in 1,520 mineral acres (‘North […]

The share price of Balfour Beatty (LSE:BBY) continued on the upswing today following the announcement of its being awarded a $124 million contract in the US state of North Carolina.  The BBY share price opened at 268.7 and rose to 276.50 by 2:00 this afternoon. The contract was awarded on behalf of the North Carolina […]