“Brent at $70 a barrel is justified in the near-term.”

Brent crude oil eased towards $70 a barrel on Tuesday after hitting a 9-month high the previous day as violence in Nigeria stoked fears of deeper supply outages just before the summer gasoline season in the … via Sympatico Finance

Original post by Sympatico Finance

The U.S. dollar was lower against most major currencies in European trading Tuesday. Gold was mixed.

The euro traded at $1.3464, down from $1.3467 late Monday in New York. Later, in midday trading in New York, the euro fetched $1.3459.

Other dollar rates in Europe, compared with late Monday, included 121.38 Japanese yen, down from 121.43; 1.2294 Swiss francs, down from 1.2307; and 1.0847 Canadian dollars, down from 1.0850.

The British pound traded at $1.9754, up from $1.9710.

In midday New York trading, the dollar bought 121.53 yen and 1.2302 Swiss francs, while the pound was worth $1.9757. Read more

Original post by The Associated Press

“We believe the probability of an LBO [of Telus] currently remains low and does not justify a change in our valuation methodology”

It’s been around eight weeks that buyout speculation around BCE Inc. has also been kind to Telus Corp., helping lift the stock price some 13 per cent. via The Globe and Mail

Original post by The Globe and Mail

“You might also think that politically they think that direct investments into corporate America comes with two many risks, so they partner with an American firm so (that firm) can provide them with some cover”

Beijing- Analysts reacted positively Monday to plans by China’s soon-to-be-established State Investment Company to purchase 3 billion dollars of non-voting stock in US investment firm Blackstone Group. via Earth Times

Original post by Earth Times

Shares of aluminum maker Alcoa Inc. declined on Monday and helped send the Dow Jones industrial average to a lower finish. via Forbes

Original post by Forbes