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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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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EGB Yields Mixed

EGB Yields Mixed

European government bond yields are mixed, with Bund and Gilt yields climbing higher in tandem with the French benchmark, while Eurozone peripheral yields headed south, led by Spain as markets breath a sigh of relief that the escalation of Spain’s conflict with Catalonia has been avoided – at least for now. The Spanish 10-year is down 2.4 basis points, against a rise of 1.9 bp in the 10-year Bund. Italy […]

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Lattice Semiconductor Sees Q3, Q4, And FY Revenue Short Of Analyst Expectations

Lattice Semiconductor Sees Q3, Q4, And FY Revenue Short Of Analyst Expectations

Lattice Semiconductor (LSCC) said Thursday that it expects Q3 revenue between approximately $91 million to $93 million, short of the estimate of $94.1 million from analysts polled by Capital IQ. The company sees Q4 revenue between approximately $92 million and $97 million, also missing the Street projection of $98.9 million and FY revenue of approximately $383 million to $388 million, shy of the Street expectation of $391.5 million For 2018 […]

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