newszine

UPDATE 1-French oil and gas group Maurel & Prom eyes UK’s Amerisur

3 hours ago NAMEX Comments Off on UPDATE 1-French oil and gas group Maurel & Prom eyes UK’s Amerisur
(Reuters) – Oil and gas company Maurel & Prom (MAUP.PA) has made a possible offer worth about 210 million pounds ($262.5 million) for UK peer Amerisur Resources (AMER.L), which could help the French exploration group boost its range of assets in Latin America. Maurel & Prom said on Monday its possible offer was priced at Read More

PRESS DIGEST- British Business – July 22

9 hours ago NAMEX Comments Off on PRESS DIGEST- British Business – July 22
July 22 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – The Royal Navy is now too small to fulfil its global role, a defence minister admitted last night as it emerged that Read More

RPT-Wall St Week Ahead-Prospect of Fed cut pushing dividend investors into tech, energy

14 hours ago NAMEX Comments Off on RPT-Wall St Week Ahead-Prospect of Fed cut pushing dividend investors into tech, energy
NEW YORK, July 19 (Reuters) – An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices. While nearly half of the companies in the S&P 500 have a higher dividend yield than the roughly 2.04% yield that benchmark Read More

RPT-UPDATE 1-A rally and a redirect: why the markets are so focused on the Fed

18 hours ago NAMEX Comments Off on RPT-UPDATE 1-A rally and a redirect: why the markets are so focused on the Fed
(Adds comments from Boston Fed’s Rosengren; adds photo available) By David Randall, Trevor Hunnicutt and Lewis Krauskopf NEW YORK, July 19 (Reuters) – When New York Fed President John Williams talked about the need to “vaccinate the economy” on Thursday, markets listened. And when the New York Fed itself spoke up later to clarify his Read More

MIDEAST STOCKS-Tanker incident weighs on Saudi, profit taking hurts Kuwait

18 hours ago NAMEX Comments Off on MIDEAST STOCKS-Tanker incident weighs on Saudi, profit taking hurts Kuwait
* Tanker tensions in the Gulf weigh on sentiment * Banks drag down Saudi index * Profit taking hurts Kuwait's index * Dubai slips on property shares * Heavyweight FAB lifts Abu Dhabi By Tuqa Khalid DUBAI, July 21 (Reuters) - Saudi Arabia's stock index declined on Sunday, as political concerns weighed on investors after Read More

WaveTech Global Announces Filing of Lawsuit Against Wavetech GmbH in its merger with Spectrum Global Solutions, Inc.

3 days ago NAMEX Comments Off on WaveTech Global Announces Filing of Lawsuit Against Wavetech GmbH in its merger with Spectrum Global Solutions, Inc.
HOBOKEN, N.J., July 19, 2019 (GLOBE NEWSWIRE) — WaveTech Global, Inc., a global next generation technology platform company that specializes in power management and efficiency, asset lifecycle extension, data-analytics, and intellectual property development, and its majority shareholder BV Advisory Partners, LLC announced today the filing of a lawsuit in the United States District Court for Read More

Cummins makes offer for VW’s large engines unit: sources

3 days ago NAMEX Comments Off on Cummins makes offer for VW’s large engines unit: sources
FRANKFURT (Reuters) – United States-based diesel (gasoil) engines maker Cummins (CMI.N) has made an indicative offer for Volkswagen’s (VOWG_p.DE) MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets. FILE PHOTO: The logo of Volkswagen is seen in front of its plant, in Read More

AmEx warns of higher costs as it boosts rewards program, shares fall

3 days ago NAMEX Comments Off on AmEx warns of higher costs as it boosts rewards program, shares fall
(Reuters) – American Express Co (AXP.N) warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday. FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the New York Read More

Two top fixed-income portfolio managers exit Eaton Vance

3 days ago NAMEX Comments Off on Two top fixed-income portfolio managers exit Eaton Vance
FILE PHOTO: Kathleen Gaffney, vice president, director of diversified fixed income and lead portfolio manager for Eaton Vance Management, speaks during the Reuters Global Investment 2019 Outlook Summit in New York, U.S., November 16, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Bond fund managers Kathleen Gaffney and Henry Peabody left Eaton Vance Corp at the Read More

PepsiCo offers $1.7 billion to buy South Africa’s Pioneer Foods

3 days ago NAMEX Comments Off on PepsiCo offers $1.7 billion to buy South Africa’s Pioneer Foods
FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo JOHANNESBURG (Reuters) – PepsiCo (PEP.O) has made a $1.7 billion offer to buy South Africa’s Pioneer Food Group (PFGJ.J) the companies said on Friday, boosting the target’s shares by nearly 30%. The U.S. drinks Read More