Entries by MT Newswires

Hurricane Disruptions Weigh as September US Housing Starts Miss Expectations

1:03 PM, Oct 18, 2017 — US housing starts declined last month, missing analysts’ expectations as hurricanes impacted construction in the south, even as single-family permits offered an indication the weakness might not last long. Privately owned starts were at a seasonally adjusted annual rate of 1.127 million, 4.7% below the revised August number of […]

Oil Market Rebalancing May Require Extraordinary Measures: OPEC

10:51 AM, Oct 9, 2017 — Measures by oil producers to rebalance the market are making progress but other “extraordinary measures” may be necessary in the coming year, Mohammada Barkindo, secretary general of the Organisation of Petroleum Exporting Countries (OPEC) said on Sunday. “There is a growing consensus that … a rebalancing process is under […]

Treasury Targets Reducing Capital Market Regulations With Mnuchin Citing Growth Chances

2:24 PM, Oct 6, 2017 — The US Treasury outlined its proposals to streamline and reform the capital market regulatory framework, following on a key element of President Donald Trump’s election campaign last year. Treasury’s evaluation of current capital market regulations found that there are significant reforms that can be undertaken to promote growth and […]

TransCanada Cancels Two Pipeline Projects Amid Regulatory Scrutiny

12:23 PM, Oct 5, 2017 — Pipeline operator TransCanada (TRP) will take C$1 billion ($790 million) charge in the fourth quarter after terminating plans for two pipelines in eastern Canada. The Canadian company said in a release it will end the planned Energy East and Eastern Mainline projects after a careful review of what it […]

Wal-Mart Acquires Same-Day Delivery Service Parcel to Take on Amazon

11:26 AM, Oct 3, 2017 — Wal-Mart (WMT), the world’s largest retailer, said on Tuesday that it acquired Parcel, a technology-based, same-day delivery startup based in New York in a move seen as an attempt to take on e-commerce giant Amazon.com (AMZN). “We plan to leverage Parcel for last mile delivery to customers in New […]

Alexandria Tech, MT Newswires Ally on News Analytics for Quants

Alexandria Tech, MT Newswires Ally on News Analytics for Quants Alexandria Technology, a Los Angeles-based provider of news analytics, has begun incorporating news from Bethesda, MD-based news vendor MT Newswires into the sentiment analysis it distributes to traders and investors, under a partnership between the two companies. Read Inside Market Data Article >>

ArcelorMittal Plans to Invest $1 Billion to Expand Mexico Facilities Amid Rising Demand

12:29 PM, Sep 29, 2017 — ArcelorMittal (MT), the world’s largest steelmaker, said it plans to invest $1 billion in Mexico over three years to expand its business in the Latin American country. The funds will go toward developing steel production capabilities, sustaining the competitiveness of its mining operations and modernizing existing facilities, the company […]