Apr 10 2013 @ 09:26
Vince the Cable Guy is much more refined than his American cousin, Larry, but he is certainly no less opinionated. In fact, he has managed to grab quite a few headlines in the last several days as he flexes his muscle as Britain’s Business Secretary in attempts to correct all that he perceives is wrong […]
Apr 09 2013 @ 10:33
UK mining share prices rallied today with a a long list of gainers on the F3MNG Index. The entire sector was up by just under 3.0% at mid-afternoon, it’s biggest gain in a month. Kenmare Resources (
LSE:KMR) was up 5.46% to 29.85. Hochschild Mining (
LSE:HOC) was up 4.82% to 280.50. Petropavlosk (
LSE:POG) gained 4.91% to […]
Apr 08 2013 @ 08:32
The share price of Xcite Energy (
LSE:XEL) jumped as much as 8.25% to 117.25 by 13:00 today on news that its Bentley Oil Field holds much more in reserves than originally thought. It was just over a year ago (20 February 2012) that Xcite announced that preliminary research indicated that the field contained some 550 million […]
Apr 05 2013 @ 09:41
The country is just over a day past the Bank of Japan’s astonishing and aggressive steps of monetary easing, and, so far, the financial reactions are exactly what the bank had predicted. The Nikkei closed up 1.6% at 12,833.64, but not before exceeding 13,000 in intra-day trading, reaching its highest level in nearly five years […]
Apr 04 2013 @ 09:47
Faced with a persistent, lagging, deflationary economy, Japanese Prime Minister Shinzo Abe announced in January that he expected the Bank of Japan to become much more aggressive in attacking the problem. The former Governor of the BOJ, Masaaki Shirakawa’s vision was to bring the economy to a 2% inflation “at the earliest possible time.” I say […]
Apr 03 2013 @ 09:22
“Recovery” is no longer a word relevant to the Dow Jones Industrial Average or the Standard & Poor’s 500. Both set new record highs in trading on 02 April. “Rebounding” might be more appropriate, especially as the U.S. sports scene is looking forward to the NCAA Final Four this weekend, in a sport where it […]
Apr 02 2013 @ 08:57
The past eight months have probably been the toughest in platinum mining giant Lonmin’s (
LSE:LMI) history. Losing CEO Ian Farmer to illness and suffering through the death of 34 men during labor riots at its Marikana mine virtually at the same time has been difficult to say the least. In an ADVFN article “Lonmin Closes […]
Apr 01 2013 @ 10:23
“Ere many generations pass, our machinery will be driven by a power obtainable at any point of the universe.” ~ Nikola Tesla This morning the electric car manufacturer that bears Tesla’s name (
NASDAQ:TSLA) announced that its sales of its Model S have exceed the goal of 4,500 production units announced earlier this year in February. The […]
Mar 29 2013 @ 10:33
U.S.-based personal computer manufacturer Dell (
NASDAQ:DELL) has had a sweet ride since Michael Dell founded the company in 1984 from his college dorm room. That is, up until the last twelve months. During the last three quarters of 2012 Dell shares tumbled from just above $16.85 to $8.69 as the company seemed to have lost […]
Mar 28 2013 @ 10:20
It’s been just less than two weeks since we last reported on the fiasco that is more popularly know as JP Morgan (
LSE:JPM) (
NYSE:JPM). We can’t help it if they keep stepping into one muddy mess after another. CNBC and others have reported that the bank is now under investigations by eight different federal agencies, […]