Tom Frew

Auction to close on August 1. As part of its ongoing efforts to wind down and recover its remaining Capital Purchase Program (CPP) investments under the Troubled Asset Relief Program (TARP), the U.S. Department of the Treasury has announced its intention to sell several preferred stock and subordinated debt CPP investments. Reports say that the […]

US auto-industry recovering as the Motor City faces crisis Chevrolet, part of the GM Group, sold a record 2.5 million vehicles around the world in the first six months of 2013, up 1.4 percent over the same period in 2012, and achieved its 11th straight quarter of increased sales on the strength of new products […]

Sadly, the news was not posted on a golden easel outside of the Old Lady of Threadneedle Street. HM Treasury has announced that Her Majesty The Queen has agreed, on the recommendation of the Chancellor and Prime Minister, to appoint Sir Jon Cunliffe as Deputy Governor of the Bank of England with responsibility for Financial […]

Ratings agency downgrades Italian banks. Fitch Ratings has downgraded Banca Popolare di Sondrio’s (BPS) Long-term Issuer Default Ratings (IDR) to ‘BBB’ from ‘BBB+’, Banca Popolare dell’Emilia Romagna’s (BPER) to ‘BB+’ from ‘BBB and Banca Carige’s (Carige) to ‘BB’ from ‘BB+’. The agency has also placed...

Progress described as a “significant step forward”. ExxonMobil, BP, ConocoPhillips and TransCanada have begun summer field work as part of their activities associated with a staged pre-FEED (front end engineering design) for the Alaska South Central LNG (SC LNG) project. This summer field work will employ approximately 150 people. Since the joint work began in […]

Decision to move forward with two projects at existing developments enhances offshore portfolio. Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields. “Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of […]

The views of Postman Poirot is unkown. NYSE Liffe, the European based derivatives business of NYSE Euronext (NYX), has introduced equity options on the shares of bpost, Belgium’s largest provider of postal services. The options will be available on the Brussels derivatives market of NYSE Liffe. bpost is the leading postal operator in Belgium. The […]

UK GDP grows by 0.6% in Q2. UPDATED: 10:30 Is this the start of a sustained recovery? The Office for National Statistics (ONS) has published their Preliminary Estimate for the UK’s economic performance for Q2 of 2013. Subject to further revision, the initial figures are likely to give a boost to the standing of the […]

We are sure Prince George would be offered a free Level 2 sub. ADVFN’s CEO Clem Chambers appeared on Fox News last week to discuss the current state of the markets, Detroit’s bankruptcy and, as you would expect, the Englishman in New York was asked about the then impending birth of the future Monarch. What […]

Fresh liffe on the market. NYSE Liffe, the European based derivatives business of NYSE Euronext (NYX), will introduce equity options on the shares of Gemalto N.V.,the world leader in digital security. The options will be available as of July 25th on the Amsterdam derivatives market of NYSE Liffe. Gemalto enables its customers – wireless operators, […]