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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Mitel Networks, SPIE ICS Partner to Provide Cloud-Based Communications Solutions Across France

Mitel Networks, SPIE ICS Partner to Provide Cloud-Based Communications Solutions Across France

Mitel Networks (MITL) said Wednesday that it has entered into an extended partnership with with SPIE ICS, the digital services subsidiary of the SPIE group, to deliver cost-effective, cloud-based, unified communications and collaboration offerings to businesses in France. SPIE ICS will offer customers a choice in deployment models powered by Mitel cloud platforms. With Crystal Advanced offering, enterprises with more than 250 users will have the option of either a […]

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Alphabet’s Price Target From Pivotal Boosted to $970 From $940 Ahead of Q3 Report

Alphabet’s Price Target From Pivotal Boosted to $970 From $940 Ahead of Q3 Report

Alphabet (GOOG) received a price-target increase Thursday from Pivotal Research Group as the firm, in making adjustments to its estimates ahead of Q3 results, said it may have been too conservative on the Google parent company’s near-term margins. The new price target from Pivotal is $970 per share, up from $940. However, this is still below the stock’s Wednesday closing price of $989.25, and came as Pivotal maintained its hold […]

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