Posts Tagged ‘deal’

Gold Rallies with Debt Deal and Prolonged Monetary Easing

by Christopher Lemieuxon October 21, 2013 4:35 am BST
A few weeks ago, Goldman Sachs commodities analyst Jeff Currie said that precious metals, more so gold, would be a “slam dunk” sell once the stalemate in Washington was resolute. I believe this to be true still, but rarely do markets make it so easy. After the government shutdown, the Federal Reserve is rumored to […]

Oil Advances to Two-Month High on Budget Deal Optimism

by Forex Rooton January 1, 2013 10:08 am BST
Oil climbed on optimism that negotiators will reach a last-minute U.S. budget deal averting more than $600 billion of tax increases and spending cuts that threaten economic growth. Futures rose 1.1 percent after President Barack Obama said he was “hopeful” that Congress will come up with an agreement to avoid the budget measures known as […]

Aker walks away from NPS deal

by on November 21, 2012 7:28 am BST
Aker announced in May that it had agreed to buy NPS Energy for an equity value of $350 million and assume about $110 million in net interest bearing debt as it looked target contract wins in the Middle East and North Africa.However, the deal was conditional upon a number

Petronas extends deadline on $5.2bn Progress deal

by on November 20, 2012 3:21 pm BST
The new closing date of 30 December follows an earlier extension to 30 November in the wake of the Canadian government’s rejection of the deal in late October. Industry minister Christian Paradis said then that the purchase was being rejected because it was unlikely to bring a “net benefit” to Canada.The