Global News

Will Egyptian Unrest Undermine Centamin?

Jul 09 2013 @ 08:31
Centamin plc (LSE:CEY) delivered a Q2 report that was astounding in terms of production at its Sukari gold mines.  Yet its share price tumbled this morning by 0.36% to 38.22.  Simply reading the report, one might expect the price to be ascending rather than descending.  Perhaps the fact that the Sukari project is in Egypt, […]

Could Internal Audits Have Prevented the LIBOR Scandal?

Jul 08 2013 @ 08:18
One headline in particular blew me away this morning – “Banks Urged by Regulators to Adopt Tougher Internal Auditors.”  Well, duh.  While I am reasonably certain that the Chartered Institute for Internal Auditors expects its members to adhere to the highest possible standard of ethic and conduct, the way that the news is being reported. […]

Has Lloyds Been Disingenuous?

Jul 05 2013 @ 08:45
The share price of Lloyd’s Banking Group moved from up .01 pence to down .27 pence in the time it has taken to write this sentence.  Given Lord Levene’s accusation before the Treasury Select Committee that the Group’s leadership has been “disingenuous” in communicating the facts of Lloyds proposed divestiture of the 632 branches referred […]

Gulf Keystone Fills Empty Boardroom Chair

Jul 04 2013 @ 08:41
Gulf Keystone (LSE:GKP) share price rose by 4.75 pence today back to 150.00, an increase of 3.27%.  The company is evidencing it’s seriousness regarding its aggressive plans to move from the AIM to the Main Market on the London Exchange and to exploit its Shaikan oil field operations.  The company, which has struggled to gain ground […]

Oil Price Spikes as Unrest in Eqypt Looms

Jul 04 2013 @ 06:49
The political unrest in Egypt has made its impact today as benchmark oil prices rose in apprehension of the deadline set by the country’s military on the Arab state’s President Mohammed Morsi to give in to the demands of protesters. In the US, light crude reached a 14-month high to over US$100 a barrel whilst […]

Egypt, Indices, and Oil

Jul 03 2013 @ 08:24
The price of oil is up.  Major stock indices are down.  Egypt is in crisis mode again.  Make that “Egypt is still in crisis mode.”  With the satellite news feed from Cairo, millions of people around the world are witnessing millions of Egyptians protesting against what looks like is going to be a short-lived Morsi […]

Winklevoss Twins to Take Bitcoin Public

Jul 02 2013 @ 08:53
You remember the Winklevoss twins.  They are the guys to whom Mark Zuckerberg paid $65 million in combined cash and equity in Facebook to settle the lawsuit in which they alleged that Zuckerberg had stolen their social networking idea.  Today, under the sponsorship of Math-Based Asset Services LLC (a Winklevoss company), Cameron and Tyler filed […]

Breaking News: Banks Involved in Collusion

Jul 01 2013 @ 08:22
Banks:  You can’t live without them;  You can’t shoot them.  But you sure wish you could.  I looked up “scandal” in the dictionary today.  It said, “see ‘Banks’”. The European Commission has revealed that it has issued a Statement of Objections to 13 different financial institutions, accusing them of colluding “to prevent exchanges from...

Church of England Ready to Redeem RBS

Jun 28 2013 @ 10:11
Less than a fortnight after ADVFN reported that the Bank of England had publicly stated that the Royal Bank of Scotland (LSE:RBS) needs to raise £3.2 billion, the Church of England is reportedly heading a consortium that is about to drop some loose change into the offering plate. Most of the reports so far are more or less […]

Weekly currency roundup – Uncertainty over Fed tapering created a mixed week for currencies

Jun 28 2013 @ 06:33
Pound Sterling – it was a mixed week for the Pound as it began the week down against the US Dollar as it declined to its lowest-level in more than two weeks ahead of the sale of UK government bonds. Against the Euro, Sterling weakened for the first time in three days. On Tuesday it advanced […]
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