German Draft Outlines Future EU-UK Relationship Post-Brexit

German Draft Outlines Future EU-UK Relationship Post-Brexit

Action Economics said that while the European Union summit this week is not expected to pave the way for an immediate start to talks on the future relationship between the EU and the UK, it is clear that behind the scenes, officials at least at national level are working on their proposals, which could be tied together to a EU-wide position at the December summit. According to Bloomberg reports citing […]

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Argo Group Int’l Hldgs Prelim Pre-Tax Catastrophe Loss for Q3 Estimated at $85-$110 Mln

Argo Group Int’l Hldgs Prelim Pre-Tax Catastrophe Loss for Q3 Estimated at $85-$110 Mln

Argo Group International Holdings (AGII), an underwriter of specialty insurance and reinsurance products, said late Monday that preliminary pre-tax catastrophe loss estimates for Q3 stood in a range of $85-110 million. The estimates are net of ceded reinsurance recoverables, reinstatement premiums, and expected profit commissions, according to a statement. The net losses include about $35-$45 million related to Ariel Re, which was not acquired until the end of Q1. Catastrophe […]

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Crude Oil Gains in Asia as Goldman Notes Risks

Crude Oil Gains in Asia as Goldman Notes Risks

Crude oil prices posted gains in Asia on Tuesday with a warning that geopolitical risk was alive and well in key oil producing countries and as investors looked ahead to industry estimates of U.S. inventories. Global benchmark Brent crude futures, the benchmark for oil prices outside the U.S., rose 0.33% to $58.01 a barrel. U.S. West Texas Intermediate crude futures gained 0.21% to $51.98 a barrel. Tension between Iraqi and […]

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First Financial Bankshares Acquires Commercial Bancshares and Subsidiary

First Financial Bankshares Acquires Commercial Bancshares and Subsidiary

First Financial Bankshares (FFIN) said late Thursday that it has entered into a definitive agreement to acquire Commercial Bancshares, Inc. and its wholly-owned subsidiary, Commercial State Bank, Kingwood, Texas. Subject to the terms and conditions of the definitive agreement, First Financial Bankshares anticipates that the acquisition consideration will consist solely of First Financial Bankshares common stock totaling $59.4 million. In addition, prior to closing, Commercial Bancshares, Inc. expects to pay […]

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Trinseo S.A Gains 1% – Updates Outlook

Trinseo S.A Gains 1% – Updates Outlook

Trinseo S.A (TSE) firms 1% after the company said it expects operating results for Q3 to be about $50 million above previously issued guidance, on a pre-tax basis. It said it now expects Q3 net income of between $32 million and $37 million which includes a pre-tax charge of approximately $66 million from a recent debt refinancing. This updated estimate compares to the previously guided net income range of $50 […]

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