• U.S – China Trade Tensions Could Spike and Overshadow the Numbers…
    FX Empire

    U.S – China Trade Tensions Could Spike and Overshadow the Numbers…

    The HK Bill in support of the protestors is on its way to the Oval Office. Trump’s signature may well raise doubts over a phase 1 trade agreement.

  • GBP/USD Price Forecast – British Pound Continues To Find Buyers On Dips
    FX Empire

    GBP/USD Price Forecast – British Pound Continues To Find Buyers On Dips

    The British pound pulled back a bit during the trading session on Wednesday, only to find buyers underneath in turn things around. At this point, the market is continuing to build up a case for higher movement, based upon the flag.

  • GBP/USD, EUR/GBP, USD/CAD – Currencies in Holding Pattern Ahead of Fed Minutes
    FX Empire

    GBP/USD, EUR/GBP, USD/CAD – Currencies in Holding Pattern Ahead of Fed Minutes

    Investors await the release of the Federal Reserve minutes, and predictably, there is little movement ahead of this major event. We could see some volatility from the British pound and Canadian dollar after the release, which is scheduled for 17:00 GMT.

  • CSG Systems (CSGS) Hits Fresh High: Is There Still Room to Run?
    Zacks

    CSG Systems (CSGS) Hits Fresh High: Is There Still Room to Run?

    CSG Systems (CSGS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • 3 Reasons Why Mercury Systems (MRCY) Is a Great Growth Stock
    Zacks

    3 Reasons Why Mercury Systems (MRCY) Is a Great Growth Stock

    Mercury Systems (MRCY) is well positioned to outperform the market, as it exhibits above-average growth in financials.

  • Want To Retire Early? Learn the Intelligent Investing Secret - November 20, 2019
    Zacks

    Want To Retire Early? Learn the Intelligent Investing Secret - November 20, 2019

    Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.

  • GBP/USD Daily Forecast – Sterling Extends Losses After Failure at 1.3000
    FX Empire

    GBP/USD Daily Forecast – Sterling Extends Losses After Failure at 1.3000

    GBP/USD made a bullish break in the early week but fell under pressure just ahead of a test of the psychological 1.30 level. The pair is seen continuing lower ahead of today’s Fed meeting minutes release.

  • Investing.com

    U.S. Dollar Flat as Tensions With China Rise Over Hong Kong

    Investing.com - The U.S. dollar was flat on Wednesday ahead of the expected release of the Federal Reserve meeting minutes and as tensions between Washington and Beijing rose.

  • The US and China Let the Market Breathe After the Rally
    FX Empire

    The US and China Let the Market Breathe After the Rally

    The US president once again used his favourite tactic, raising the level of tension in trade negotiations with China.

  • Geopolitics, FOMC Meeting Minutes and Canadian Inflation in Focus
    FX Empire

    Geopolitics, FOMC Meeting Minutes and Canadian Inflation in Focus

    Trade tensions, UK politics, the FOMC meeting minutes and inflation figures out of Canada will keep the markets busy throughout the day…

  • GBP/USD, EUR/GBP, USD/CAD – Limited Gains for Euro, U.S. Dolllar
    FX Empire

    GBP/USD, EUR/GBP, USD/CAD – Limited Gains for Euro, U.S. Dolllar

    The U.S. dollar is pointing higher on Tuesday. The greenback is slightly higher against the Canadian dollar, while the pound has lost some ground against both the U.S. dollar and the euro.

  • GBP/USD Price Forecast – British Pound Continues To Chop Around
    FX Empire

    GBP/USD Price Forecast – British Pound Continues To Chop Around

    The British pound continues to be all over the place as we have no idea what to do with Brexit. At this point, the market is banking on the 1.30 level, an area that would unleash massive gains.

  • TransDigm (TDG) Q4 Earnings Beat Estimates, Revenues Up Y/Y
    Zacks

    TransDigm (TDG) Q4 Earnings Beat Estimates, Revenues Up Y/Y

    TransDigm's (TDG) acquisition sales total $407.6 million in fourth-quarter fiscal 2019, mainly coming from Esterline Technologies Corporation.

  • Scientific Games, Everi Holdings Announce iGaming Alliance
    Zacks

    Scientific Games, Everi Holdings Announce iGaming Alliance

    Scientific Games (SGMS) announces partnership with Everi Holdings to tap growing opportunities in the iGaming market.

  • Bondholders Aren’t Convinced Eskom’s New CEO Is Best Pick
    Bloomberg

    Bondholders Aren’t Convinced Eskom’s New CEO Is Best Pick

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterBond investors aren’t showing much faith in Eskom Holdings SOC Ltd.’s new boss.Yields on the state electricity company’s 2021 dollar bonds jumped the most in nine months after the appointment of Andre de Ruyter as chief executive officer on Monday. The premium of two-year over 10-year dollar yields narrowed, suggesting investors are concerned De Ruyter won’t be able to address the debt-laden firm’s short-term challenges.De Ruyter, currently CEO of packaging company, Nampak Ltd., has considerable corporate experience, though not at a utility. His appointment comes at a time when Eskom is undergoing a transformation that will require technical and financial knowledge as well as an ability to deal with the government and labor unions. A 138 billion rand ($9.3 billion) government bailout has bought it just two years to effect a turnaround and deal with its 450 billion rand of debt.De Ruyter’s appointment “shocked the market somewhat as it was a name that no one had expected,” Michelle Wohlberg, a trader at FirstRand Ltd. in Johannesburg, said in a client note. “As the new CEO has no public-side experience, the market is not sure on him lasting long.”Yields on Eskom’s $1.75 billion of securities due 2021 climbed 49 basis points on Tuesday to 5.63%, the highest in almost eight weeks, after jumping 17 basis points on Monday. The yield spread of the 2021 notes over 2028 bonds narrowed 38 basis points in the two days.The appointment of a permanent CEO has been delayed for months as the government considered a list of 140 candidates. De Ruyter’s name didn’t feature in speculation about the three short-listed candidates, and he may have been a compromise candidate, said Peter Attard Montalto, head of capital-markets research at Intellidex U.K. Ltd. in London.While Eskom used to be ranked as one of the world’s best-run power utilities and had surplus generation capacity, its old and poorly maintained power stations are now battling to meet demand, and its construction of two massive new plants are running way over budget and behind schedule.Besides having to keep the lights on and complete the build program, De Ruyter’s other tasks will be to ensure Eskom gets its debt burden under control and becomes financially sustainable. He’ll also have to help implement a government decision to split the utility into transmission, generation and distribution units under a state holding company -- a plan opposed by unions that fear it will lead to privatization and job losses.“The question of how much benefit of the doubt to give De Ruyter comes up,” Montalto said in an emailed note. “Eskom does not have time, has had 10 CEOs in 10 years and has strict deadlines set in the Eskom road map. Actions will be judged from the get go.”(Updates sixe and scope in second, prices in fifth paragraph)To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.netTo contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Gordon Bell, John ViljoenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Does The Cubic Corporation (NYSE:CUB) Share Price Fall With The Market?
    Simply Wall St.

    Does The Cubic Corporation (NYSE:CUB) Share Price Fall With The Market?

    If you're interested in Cubic Corporation (NYSE:CUB), then you might want to consider its beta (a measure of share...

  • GBP/USD Daily Forecast – Sterling Eases Lower Following Technical Break
    FX Empire

    GBP/USD Daily Forecast – Sterling Eases Lower Following Technical Break

    GBP/USD made a notable bullish technical break on Monday but lost momentum ahead of the 1.3000 handle to fall into a range.

  • Asian Equities Unable to Keep Up With US Stocks’ Climb
    FX Empire

    Asian Equities Unable to Keep Up With US Stocks’ Climb

    Asian stocks are mixed, unable to stay in lockstep with their US counterparts which marched on to post fresh record highs.

  • Eskom S.Africa CEO Appointment Met With Surprise, Skepticism
    Bloomberg

    Eskom S.Africa CEO Appointment Met With Surprise, Skepticism

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterAfter months of speculation and delays, South Africa named Andre de Ruyter as chief executive officer of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.De Ruyter, 51, has considerable corporate experience in the country, though not at state-owned companies. His appointment comes at a time when Eskom Holdings SOC Ltd. is undergoing a transformation that will require technical and financial knowledge as well as an ability to deal with the government and labor unions.The appointee, currently CEO of packaging firm Nampak Ltd., will take up the post on Jan. 15, the Department of Public Enterprises said in a statement Monday. The state-owned power company has been looking for a new CEO since Phakamani Hadebe in July became the 10th person to vacate the post in as many years.“The market is going to have to know him better and understand what qualities he is to bring to the table,” said Jones Gondo, a credit research analyst at Nedbank Group Ltd. in Johannesburg. “The market had not anticipated him to be one of the slated candidates. At least now we can possibly move on to the substantive issues.”Yields RiseThe 2028 yields climbed five basis points on Tuesday to 7.09%, the highest on a closing basis since Sept. 12, after rising nine basis points yesterday. Its 2021 debt jumped 20 basis points to 5.35% on Tuesday morning.The loss-making utility has 450 billion rand ($30 billion) of debt and is struggling to fix aging power stations and correct defects at new ones. Saving the business is a key goal of the government, which is sustaining it with 138 billion rand of bailouts over the next three years alone.The government had shortlisted three candidates for the position of CEO, including former LNG Canada CEO Andy Calitz and Jacob Maroga, who was Eskom CEO from 2007 to 2009. Media speculation about who the third person was didn’t include De Ruyter, who may face push back from labor unions that would have preferred a black candidate.“It is a surprise to me, his name was never mentioned,” said David Shapiro, deputy chairman of Sasfin Securities Ltd. in Johannesburg. “Let’s hope he has the courage to do what he has to at Eskom.”De Ruyter has served as Nampak CEO since 2014. His role overlapped with Finance Minister Tito Mboweni’s chairmanship of the company, which began in 2010 and ended in 2018.Prior to his role at Nampak, De Ruyter spent more than two decades at petrochemical giant Sasol Ltd. in a number of senior management roles. He’s overseen work in the U.S., Germany, China and African nations including Nigeria and Angola, the department said.“I would like to thank Mr. De Ruyter for not only accepting this position at a difficult time for Eskom, but, given Eskom’s current financial situation, also agreeing to a lower compensation package than the position currently pays,” the department said.During De Ruyter’s time at Nampak, the value of the company dropped 82% to 5.07 billion rand as it had to contend with weaker growth in South Africa, stranded cash in Angola, Nigeria and Zimbabwe, and delays selling its glass business.Over the five years, De Ruyter pocketed 21.5 million rand of bonuses, according to data compiled by Bloomberg. His compensation last year came to 16.5 million rand, including an 8.8 million rand bonus, even as the company’s share price sank 15%.Given Eskom’s financial difficulties, De Ruyter has accepted a compensation package that is lower than “what the position currently pays,” the department said, without giving details.De Ruyter has “significant” managerial experience in the industrial and energy sectors, as well as familiarity with managing labor unions, another challenge the head of the utility will face, according to Darias Jonker, a London-based director at Eurasia Group Ltd.“His lack of experience at Eskom itself puts him on a steep learning curve, while the absence of political allegiances means he is unlikely to be expected to fight any of the tough political battles the position also demands,” Jonker said in a reply to questions. “It is clear that the Ramaphosa administration wants AdR to focus on management, not politics.”The utility’s biggest labor union said it wasn’t aware that De Ruyter was a candidate and didn’t approve of the appointment.“His credentials are questionable,” said Paris Mashego, the energy coordinator at the National Union of Mineworkers. “He has destroyed Nampak and as such he will not receive our support.”(Updates bond yields in fifth paragraph)\--With assistance from Loni Prinsloo and Antony Sguazzin.To contact the reporters on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net;Paul Burkhardt in Johannesburg at pburkhardt@bloomberg.netTo contact the editors responsible for this story: Justin Carrigan at jcarrigan@bloomberg.net, ;James Herron at jherron9@bloomberg.net, Paul Richardson, Liezel HillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The RBA Turns Dovish, with Focus on Trade to Persist Throughout The Day
    FX Empire

    The RBA Turns Dovish, with Focus on Trade to Persist Throughout The Day

    Chatter on trade remains the key driver, with negative updates from Beijing weighing on risk appetite early. The RBA added further pressure on the Aussie.

  • Investing.com

    U.S. Dollar Little Changed; Hopes for Phase One Trade Deal Recedes

    Investing.com - The U.S. dollar was little changed on Tuesday in Asia as traders await clarity on the Sino-U.S. trade developments.

  • Estimating The Fair Value Of Oshkosh Corporation (NYSE:OSK)
    Simply Wall St.

    Estimating The Fair Value Of Oshkosh Corporation (NYSE:OSK)

    In this article we are going to estimate the intrinsic value of Oshkosh Corporation (NYSE:OSK) by taking the expected...

  • GBP/USD, EUR/GBP, USD/CAD – Pound Moves Close to 1.3000
    FX Empire

    GBP/USD, EUR/GBP, USD/CAD – Pound Moves Close to 1.3000

    The British pound has posted gains on Monday, after strong gains last week. EUR/GBP and the Canadian dollar are almost unchanged.

  • GBP/USD Price Forecast – British Pound Fails To Break Major Barrier
    FX Empire

    GBP/USD Price Forecast – British Pound Fails To Break Major Barrier

    The British pound initially surged higher during the trading session on Monday and a “risk on” type of move, but at this point we have seen the market feel that the 1.30 level, so it makes quite a bit of sense that we simply continue the overall consolidation.

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