Recent Posts

Exxon Mobil returns to favoured pick in search for Ghana partner

Bloomberg Exxon Mobil Corp. resumed talks with Ghana Oil Co. as the oil supermajor nears a deadline to find a local partner for the exploration of crude at an offshore field, according to people familiar with the matter. Talks between Exxon and the Accra-based gas station operator, known as Goil, for a 5 percent stake in the Deepwater Cape Three ...

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US stocks tumble as growth worries mount; bonds rally

Bloomberg The sell-off in US stocks picked up steam as mixed corporate earnings and weak housing data fueled anxiety that rising prices will crimp economic growth. Treasuries rallied for a second day on demand for haven assets. The S&P 500 Index extended its October rout to 7 percent, with the intraday low of 2,711 set during the Oct 11 drubbing ...

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Luxury stocks look good, but may not last

Bloomberg The good news: European shares are heading for their first day of gains in six sessions, partly due to a jump in luxury stocks after another stellar sales report from the owner of Gucci. The bad news: It might not last. US stocks rallied after Europe’s equities markets closed, though now futures are pointing to another day of declines ...

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