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Anti-Brexit activists troll May with full-sized billboard in Brussels (PHOTOS)

1 min ago NAMEX Comments Off on Anti-Brexit activists troll May with full-sized billboard in Brussels (PHOTOS)
Just ahead of Theresa May’s ‘significant’ EU meeting in Brussels, a giant billboard in the center of the city showed an anti-Brexit statement May made in 2016, styled to look like one of her tweets. Onlookers stood agog as they read the massive digital billboard over De Brouckère Square in Belgium’s busy city center. While Read More

Bombardier to deliver a handful of Global 7500 jets in first half of 2019

3 hours ago NAMEX Comments Off on Bombardier to deliver a handful of Global 7500 jets in first half of 2019
FILE PHOTO: Bombardier employee Francis Masse polishes the sign of Bombardier’s Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal, Quebec, Canada, December 19, 2018.REUTERS/Christinne Muschi/File Photo MONTREAL (Reuters) – Canadian train-and-plane maker Bombardier will deliver a handful of its new flagship Read More

Tilray to buy hemp food maker for about C$419 mln, shares rise

3 hours ago NAMEX Comments Off on Tilray to buy hemp food maker for about C$419 mln, shares rise
Feb 20 (Reuters) – Shares of Canadian cannabis firm Tilray Inc rose as much as 7 percent on Wednesday after announcing a deal to buy hemp food maker Manitoba Harvest for up to C$419 million ($318 million) as it seeks to gain a foothold in the lucrative business. The deal comes after the U.S. farm Read More

PRECIOUS-Palladium surges past $1,500 for first time; gold gains

3 hours ago NAMEX Comments Off on PRECIOUS-Palladium surges past $1,500 for first time; gold gains
(New throughout, updates prices, market activity and comments) * Minutes of Fed’s Jan meeting due 2 p.m. EST/1900 GMT * Palladium up 17 pct so far this year * GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl By Eileen Soreng Feb 20 (Reuters) – Palladium jumped above the $1,500 per ounce mark for the first time on Wednesday, propelled Read More

Canadian heavy crude slips as pipeline rationing set to rise

4 hours ago NAMEX Comments Off on Canadian heavy crude slips as pipeline rationing set to rise
By Robert Tuttle on 2/20/2019 CALGARY (Bloomberg) — Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge reported that rationing on its heavy oil lines would increase next month.  Western Canadian Select, an oil sands benchmark, traded at $15/bbl below West Texas Intermediate futures Tuesday, $1.50 Read More

U.S. shale boom keeps rolling even as wildcatters save cash

4 hours ago NAMEX Comments Off on U.S. shale boom keeps rolling even as wildcatters save cash
By Kevin Crowley and Rachel Adams-Heard on 2/20/2019 HOUSTON (Bloomberg) — America’s surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less.  Almost all the independent producers have reduced their budgets for 2019, but many still expect to deliver double-digit growth in production this Read More

Brazil's burgeoning crude production is OPEC’s next headache

4 hours ago NAMEX Comments Off on Brazil's burgeoning crude production is OPEC’s next headache
By Sabrina Valle and Javier Blas on 2/20/2019 RIO DE JANEIRO and LONDON (Bloomberg) — When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian supply boom that’s poised to challenge OPEC’s efforts to balance the global market.  The mammoth facility — long Read More

PRECIOUS-Palladium breaks $1,500 barrier for first time; gold also rises

6 hours ago NAMEX Comments Off on PRECIOUS-Palladium breaks $1,500 barrier for first time; gold also rises
(Adds graphic, Updates prices) * Minutes of Fed’s Jan meeting due at 1900 GMT * Palladium up 19 pct so far this year * GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl By K. Sathya Narayanan Feb 20 (Reuters) – Palladium hit a record high on Wednesday after breaking the $1,500 barrier for the first time due to tight Read More

UPDATE 2-CVS Health's forecast points to more pain at long-term care business

6 hours ago NAMEX Comments Off on UPDATE 2-CVS Health's forecast points to more pain at long-term care business
(Reuters) – CVS health Corp blamed weakness in its long-term healthcare business for a shortfall in its full-year profit forecast, indicating more troubles at the unit it bought about four years ago. FILE PHOTO: A logo of CVS health is displayed on a monitor above the floor of the New York Stock Exchange shortly after Read More

MIDEAST STOCKS-Dubai lifted by real estate as Gulf gains on global rally

6 hours ago NAMEX Comments Off on MIDEAST STOCKS-Dubai lifted by real estate as Gulf gains on global rally
* Dubai enjoys best day since June 2017 * All property firms rise in Dubai * 10 of 11 Saudi banks rise * Banks strong in Qatar * Egypt's Orascom continues to rise on possible investment in North Korea By Shakeel Ahmad Feb 20 (Reuters) - Dubai's main stock index closed at a two-and-half-month high Read More