20 April, 2015 by The TZ Newswire Staff Comments Off on Is This Where Investors Should Be Looking When Oil Recovers?
Is This Where Investors Should Be Looking When Oil Recovers?
Despite low oil prices, western Canadian oil will still have some of the best assets when oil prices rebound, especially in the province of Saskatchewan.
20 April, 2015 by The TZ Newswire Staff Comments Off on Beer Goggles: Bankers swoop down at craft beer’s biggest event
Beer Goggles: Bankers swoop down at craft beer’s biggest event
On tap: Wells Fargo and Bank of America professionals, and private equity and buyout firms.
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20 April, 2015 by The TZ Newswire Staff Comments Off on Live: Wall St.’s China boost; Target’s Lilly Pulitzer sales craze
Live: Wall St.’s China boost; Target’s Lilly Pulitzer sales craze
Join Market Movers live now for the latest premarket headlines.
20 April, 2015 by The TZ Newswire Staff Comments Off on Oil falls on strong dollar and as Saudi output remains near record high
Oil falls on strong dollar and as Saudi output remains near record high
Oil prices fell to under $63 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world’s biggest crude exporter would stay near record peaks.
20 April, 2015 by The TZ Newswire Staff Comments Off on Morgan Stanley profit jumps on higher trading revenue
Morgan Stanley profit jumps on higher trading revenue
The bank’s trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing program and the U.S. Federal Reserve took steps toward tightening monetary policy. “This was our strongest quarter in many years with improved performance across most areas of the firm,” Chief Executive James Gorman said in a statement on Monday.
20 April, 2015 by The TZ Newswire Staff Comments Off on Halliburton warns of weakness in North America, international operations
Halliburton warns of weakness in North America, international operations
The company’s shares rose 3.8 percent to $48.69 before the bell on Monday after it posted a better-than-expected quarterly profit, helped by higher revenue and operating income from Latin America, the Middle East and Asia. Halliburton agreed to buy smaller rival Baker Hughes Inc (BHI.N) for $35 billion last November, to better negotiate the slump in oil and resist pressure from oil producers to slash prices. Excluding one-time items, Halliburton earned 49 cents per share, above the average analyst estimate of 37 cents, according to Thomson Reuters I/B/E/S.
20 April, 2015 by The TZ Newswire Staff Comments Off on Naimi says Saudi oil production near record high in April
Naimi says Saudi oil production near record high in April
Oil Minister Ali al-Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom’s willingness to defend market share at a time when oil markets have staged a fragile recovery. There are worries that growing production from Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries (OPEC) could snuff out a recent rebound in oil prices, particularly with economic growth in key oil consumer China the slowest in six years in the first quarter.