European Stocks Flip-Flop in Early Trade as Commodities Rally on Rising Oil Prices

European Stocks Flip-Flop in Early Trade as Commodities Rally on Rising Oil Prices

European equity benchmarks were mixed in early trade on Friday with commodities rallying on the back of rising oil prices and earnings and deal news underpinning moves in the engineering, financial and chemicals sectors. In economic news, consumer prices in Germany were 1.8% higher in September when compared with a year earlier, according to fresh data published by the federal statistics agency Destatis. Month-on-month, the consumer price index was up […]

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Fitch Downgrades Jones Energy to B-

Fitch Downgrades Jones Energy to B-

Fitch Ratings on Thursday has downgraded the Long-Term Issuer Default Rating of Jones Energy Holdings, LLC (JEH), a subsidiary of Jones Energy Inc. (JONE), to B- from B. Fitch has also assigned a Long-Term Issuer Default rating of B- to the parent, adding that both entities have been placed on rating watch negative due to its liquidity in 2018. “The company’s ability to borrow under its revolving credit facility is […]

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Euro Climbs Down from Initial Highs Seen in Wake of Catalonia Decision

Euro Climbs Down from Initial Highs Seen in Wake of Catalonia Decision

The euro climbed down from initial highs seen in the wake of Catalonia’s decision to refrain from calling a unilateral spit from Spain – at least for now. EUR/USD and EUR/CHF climbed to respective two-week highs of 1.1834 and 1.1534 on the initial news, but while the EUR is up against the USD Wednesday, it has fallen back to 1.1815 and the single currency dropped against CHF and JPY Wednesday. […]

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Stocks Continue Record Run on Positive US Economic News

Stocks Continue Record Run on Positive US Economic News

US stocks continued their run to record highs on Thursday, bolstered by a slew of solid economic news. The major indices again rose to records with the Standard & Poor’s 500 and Nasdaq Composite on track for eight-day winning streaks. The Dow Jones Industrial Average is heading for its seventh straight daily close higher. Stocks were bolstered by data showing the trade deficit narrowed to an 11-month low in August […]

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Rockwell Medical Says Richmond Group-Backed Director Mark Ravich “Failed to Attend” Board Meet

Rockwell Medical Says Richmond Group-Backed Director Mark Ravich “Failed to Attend” Board Meet

Rockwell Medical (RMTI) said in response to the filing by Richmond Group of an amended Schedule 13D with the SEC Monday it has been “attempting to work constructively” with its new director, Mark Ravich, and the Richmond Group. Richmond Group was the shareholder that solicited votes for Ravich, adding that Ravich has received the same opportunity to access Rockwell’s corporate information and the same invitations and rights of participation in […]

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