Global News

Okay.  Let’s operate under the assumption that not everyone on High Street understands Italian.  The headline means that Avanti Communications (LSE:AVN) is moving backward, losing 36.37% of its market cap today as its share price dropped 89.75 pence to 157.00 by 2:00 pm.  In case you still don’t get the dark humor of the title, […]

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, […]

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. […]

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 (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 […]

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 […]

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 […]

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 […]

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...

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 […]