US News

Eligibility of Software Development Law Tax Benefits MercadoLibre, Inc. (Nasdaq:MELI), Latin America’s leading e-commerce technology company, announced today that it has obtained approval from the Argentine Industry Secretary for income tax and payroll exemptions under a new software development law. These income tax and payroll exemptions are expected to not only reduce the effective...

Americas Posts Record Operating Results; Significant Progress Achieved in EMEA Modernization Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $819.0 million and net income of $37.2 million, or diluted earnings per share of $0.30. Excluding restructuring costs, adjusted earnings were $0.35 per share. In the prior year, Steelcase reported $786.7 million of revenue, diluted...

BHP Billiton’s share price (LSE:BLT) rebounded today as two new parts of the company’s developing story were revealed. By and large, investors will probably give much more attention to the cuts in executive pay than the other, just as significant story. BHP shares are up at 1,046.00 at 11:09 a.m. EDT. That is a gain […]

Interim results for the six month period to 30 June 2015 Anglo Asian Mining, the AIM listed gold, copper and silver producer focused in Azerbaijan, has issued interim results for the six month period ended 30 June 2015 (“H1 2015”). Note that all references to “$” are to United States dollars. Operational overview · Robust […]

So there we have it, the Fed has left interest rates on hold, and as I have been saying, this was to be expected. Janet Yellen talked about uncertainty over China being a significant factor, and as I outlined again yesterday, subdued inflation was held out as another reason to remain loose. The US indices […]

All day long financial news sites have been littered with headlines speculating about whether or not the U.S. Federal Reserve would at last raise interest rates this month as has long been anticipated. If not speculating about whether or not, they speculated all day about what if. Between that and the reports on last night’s […]

What are the details? BP and Ningxia Baota Chemical Fibre Co., Ltd. (a majority owned subsidiary of Baota Petrochemical Group) have signed an agreement to license BP’s latest generation purified terephthalic acid (PTA) technology, the third such deal agreed by BP. Ningxia Baota intends to build a 1.2 million tonnes per annum (tpa) unit at […]

Board Appointment Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle sector, has announced the appointment of Mr. Gerard Dempsey to the Board as Chief Financial Officer with immediate effect. Mr Dempsey is a Chartered Accountant with over 30 years’ experience in senior finance roles across a range of […]

Governor Asa Hutchinson, State and Local Leaders Participate in Groundbreaking Ceremony and Solar Facility Dedication Aerojet Rocketdyne (NYSE:AJRD) today hosted a groundbreaking ceremony attended by nearly 200 people including Arkansas Governor Asa Hutchinson, other state and local dignitaries, company leaders and employees, to celebrate the company’s planned expansion that will bring...

Normally I don’t pay much attention to warnings of potential financial woes on the horizon, largely because there is always someone prophesying global gloom and doom. But when Citigroup’s chief economist warns, it is not only something I regard as newsworthy, it is something I regard as significant. Willem Buiter doesn’t do this sort of […]