US Oil Rig Count Surges to Highest Since November 2015

US Oil Rig Count Surges to Highest Since November 2015

January 20, 2017

The US oil rig count rose for the 11th time in 12 weeks, jumping by 29 to the highest since the period ending Nov. 25, 2015, Baker Hughes (BHI) data showed on Friday. The tally compares to 510 in the same period a year ago, while the oil and gasRead More

Braskem Agrees to Sell quantiQ Distribuidora to GTM’s Brazilian Unit

Braskem Agrees to Sell quantiQ Distribuidora to GTM’s Brazilian Unit

January 11, 2017

Braskem S.A said late Tuesday it signed a sales agreement with GTM do Brasil Comercio de Produtos Químicos, a subsidiary of GTM Holdings S.A., which is one of the largest chemical distributors in Latin America. ADRs climbed 2% intraday, touching their highest level since August 2011. They trade in aRead More

Asian ADRs Edge Higher

Asian ADRs Edge Higher

January 18, 2017

American depository receipts of Asian stocks were trading 0.07% higher at 147.77 on the Bank of New York Mellon Asia ADR Index on Wednesday. In North Asia, the gainers were led by online game publisher Gravity (GRVY), and solar equipment provider SPI Energy (SPI), which rose 6.7% and 6.3% respectively.Read More

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IHS Markit Tops Estimates

IHS Markit, an information and analytics provider, reported Q4 adjusted EPS of $0.48, up from $0.44 in the same period a year ago and topping the estimate of $0.46 from analysts polled by CapIQ. Total revenues in the quarter ended Nov. 30 were $873.8 million, up from $555.7 million inRead More

Tutor Perini Wins LA Purple Line Contract

Tutor Perini, a construction company, said Tuesday it has received a notice of intent to award a contract from the Los Angeles County Metropolitan Transportation Authority for the Westside Purple Line extension Section 2 project. The contract is valued at more than $1.38 billion. The project involves construction of aRead More

European ADRs Edge Higher

American depository receipts of European stocks were 0.3% higher at 123.10 on the Bank of New York Mellon Europe ADR Index on Friday morning. Gainers in Continental Europe were led by Forward Pharma (FWP), a clinical-stage biopharmaceutical company, 5.2% higher, followed by voxelJet (VJET), a German three-dimensional printer manufacturer, upRead More

Sanchez Energy Hits New 1.5-Year High

Shares of Sanchez Energy (SN) surged to a new high since June 2015 on Friday after it and funds managed by Blackstone’s (BX) Energy Partners said late Thursday they struck a 50/50 partnership to acquire Anadarko Petroleum’s (APC) working interest in approximately 318,000 gross operated acres in the Western EagleRead More

VALE S.A Gains 1%

VALE S.A is almost 1% higher after Fundacao Cesp, Brazil’s largest private-sector pension fund, said it is not in talks to sell all of part of its 200 million real ($62 million) stake in the iron ore producer. The fund issued a statement after newspaper Valor Economico published an interviewRead More

Braskem Agrees to Sell quantiQ Distribuidora to GTM’s Brazilian Unit

Braskem S.A said late Tuesday it signed a sales agreement with GTM do Brasil Comercio de Produtos Químicos, a subsidiary of GTM Holdings S.A., which is one of the largest chemical distributors in Latin America. ADRs climbed 2% intraday, touching their highest level since August 2011. They trade in aRead More