Blog Posts by Stacy Curtin

  • DUBLIN--(BUSINESS WIRE)--

    Research and Markets has announced the addition of the "The Cards and Payments Industry in Ukraine: Emerging Trends and Opportunities to 2020" report to their offering.

    'The Cards and Payments Industry in Ukraine: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Ukrainian cards and payments industry.

    The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period (2011-2015) and over the forecast period (2016-2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

    Key Highlights:

    - Contactless technology is expected to gain prominence among Ukrainian

    Read More »from Ukraine Cards and Payments Industry Report 2016 - Emerging Trends and Opportunities to 2020 - Research and Markets
    Contact:
    Research and Markets
    Laura Wood, Senior Manager
    press@researchandmarkets.com
    For E.S.T Office Hours Call 1-917-300-0470
    For U.S./CAN Toll Free Call 1-800-526-8630
    For GMT Office Hours Call +353-1-416-8900
    U.S. Fax: 646-607-1907
    Fax (outside U.S.): +353-1-481-1716
  • STOCKHOLM--(BUSINESS WIRE)--

    ASSA ABLOY (ASSAB.ST)

    ASSA ABLOY, the global leader in door opening solutions, has for the third time been ranked in Forbes’ list of the world’s most innovative companies 2016.

    “I’m very pleased that we have achieved such success with our R&D,” says Johan Molin, President and CEO of ASSA ABLOY. "Over the past ten years ASSA ABLOY has invested heavily in innovation, with the goal of doubling the innovation rate and the target that products launched within the past three years should account for at least 25 percent of sales. Today this target has been achieved, with a share of 31 percent of our sales from new products”.

    ASSA ABLOYs R&D investments have increased by 230 percent since 2005, and today the Group has more than 1 800 development engineers. ASSA ABLOYs ambition is to be the industry’s most innovative company.

    Read More »from ASSA ABLOY on Forbes’ List of the World’s 100 Most Innovative Companies
    Contact:
    ASSA ABLOY
    Johan Molin
    President and CEO
    tel. no: +46 8 506 485 42
    or
    Carolina Dybeck Happe
    CFO and Executive Vice President
    tel. no: +46 8 506 485 72
  • Getty ImagesSen. Mark Warner and Democratic presidential nominee Hillary Clinton have been on the same page on issue of share buybacks.DMAMBMCMDMEZBZQZRZSZTZU

    Democratic presidential candidate Hillary Clinton and her progressive surrogates are making political hay out of the billions of dollars’ worth of share buybacks they say are made only to please “activist” hedge funds.

    In several speeches and in a bill introduced in the Senate in March, left-leaning Democrats are supporting Clinton’s message by repeating the theme that activist hedge funds are focused on their own wealth instead of on paying employees more and investing for long-term growth.

    That criticism may be coming a bit late in the cycle. The enormous share buybacks and generous dividends that politicians, and some large investors, say strip companies of funds to invest in employees and future growth are already slowing. A recent Goldman Sachs(GS)research report said high share prices have made it unattractive for companies to

    Read More »from Clinton and surrogates criticize share buybacks — even as the trend reverses
  • ALPHARETTA, Ga.--(BUSINESS WIRE)--

    Pexco LLC, a leading North American specialty plastics developer and manufacturer across Medical, Defense, and Industrial markets, has announced the establishment and hiring of a new Medical Division President, Mauricio Arellano. Mr. Arellano is the former Executive Vice President, Global Operations for Integer Holdings Corporation, until recently better known as Greatbatch, Inc.

    Neil Shillingford, Pexco CEO, remarks, "Pexco has invested considerably in its medical division the last few years, notably with our acquisitions of the Spectrum Plastics Group and Precision Extrusion as well as the expansion of our facility in Baja California, Mexico. We have built some nice commercial momentum recently within the sector to be sure, but this event certainly marks a step-change in our position and proposition going forward. With Mauricio’s experience and

    Read More »from Pexco LLC hires Mauricio Arellano, experienced former senior executive of Integer Holdings Corp, as President of its Pexco Medical division
    Contact:
    Pexco LLC
    Matthew Robida, 404-564-8560
    VP of Business Development

  • Decoding OPEC Members’ Crude Production in July 2016

    Crude Oil Market: Are the Bears Overshadowing the Bulls?

    (Continued from Prior Part)

    OPEC members  

    Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Gabon, the UAE (United Arab Emirates), and Venezuela are members of OPEC (Organization of the Petroleum Exporting Countries).

    OPEC members’ crude oil production 

    According to OPEC’s Monthly Oil Market Report, these countries’ crude oil production figures for July 2016 are as follows: 

    • Algeria – flat at 1.1 MMbpd (million barrels per day) in July 2016
    • Angola – flat at 1.8 MMbpd in July 2016
    • Ecuador – flat at 548,000 bpd (barrels per day) in July 2016
    • Gabon – almost flat at 230,000 bpd in July 2016
    • Indonesia – flat at ~740,000 bpd in July 2016
    • Iran – a rise of 12,500 bpd to 3.6 MMbpd in July 2016 over June
    • Iraq – a rise of 74,800 bpd to 4.3 MMbpd in July 2016 over June
    • Kuwait – flat at 2.7 MMbpd in July 2016
    • Nigeria – a fall of 41,000 bpd to 1.5 MMbpd in July over June
    • Saudi Arabia – a rise of
    Read More »from Decoding OPEC Members’ Crude Production in July 2016
  • India’s Crude Oil Demand: Tussle between the Bulls and Bears

    Crude Oil Market: Are the Bears Overshadowing the Bulls?

    (Continued from Prior Part)

    India’s crude oil demand  

    In this part of the series, we’ll look at India’s crude oil demand over the long term.

    Crude oil demand 
    • India’s crude oil demand rose by 0.24 MMbpd (million barrels per day) to 4.2 MMbpd in June 2016—compared to the same period in 2015. However, India’s crude oil demand peaked at 4.6 MMbpd in March 2016. The IEA (International Energy Agency) projects that India’s crude oil demand growth rate will be the highest by 2040. To learn more, read India’s Crude Oil Demand Will Likely Drive the Crude Oil Market.
    • The U.S. Energy Information Administration reported that India plans to build three SPRs (strategic petroleum reserves) in 2016. The expected capacity of the SPRs is 39.1 MMbbls (million barrels) of crude oil. Most of these facilities will be completed by the end of 2016. India is also planning for the second phase of SPR capacity of 91 MMbbls by 2020. This will drive the
    Read More »from India’s Crude Oil Demand: Tussle between the Bulls and Bears
  • Strong US Gasoline Demand Supports Gasoline and Crude Oil Prices

    Crude Oil Market: Are the Bears Overshadowing the Bulls?

    (Continued from Prior Part)

    US gasoline demand  

    The EIA (U.S. Energy Information Administration) reported that the four-week average US gasoline demand fell by 6,000 bpd (barrels per day) to 9,770,000 bpd from August 5–12, 2016. However, the US gasoline demand is up by 1.8% YoY (year-over-year).

    US gasoline prices hit a low of $1.14 per gallon on February 8, 2016—the lowest in 12 years. On August 23, 2016, prices were up by 31.5% from the lows in February 2016 due to the increase in gasoline demand. Crude oil prices are up by 83% for the same period.

    US gasoline demand estimates for 2016 and 2017  

    The EIA reported that US gasoline demand is expected to increase by 150,000 bpd to record levels of ~9.3 MMbpd in 2016 and 2017. This would be the highest annual average gasoline consumption on record. US gasoline demand rose by 2.7% in 2015 to an average of 9.2 MMbpd.

    US highway travel is expected to rise by 2.3% in 2016 compared

    Read More »from Strong US Gasoline Demand Supports Gasoline and Crude Oil Prices
  • OPEC’s Crude Oil Production Rose, Bearish for the Oil Market

    Crude Oil Market: Are the Bears Overshadowing the Bulls?

    (Continued from Prior Part)

    OPEC crude oil production  

    OPEC’s (Organization of Petroleum Exporting Counties) Monthly Oil Market Report stated that OPEC’s crude oil production rose by 46,400 bpd (barrels per day) to 33.1 MMbpd (million barrels per day) in July 2016—compared to the previous month. OPEC’s production rose by 6.7% year-over-year.

    EIA’s crude oil production estimates  

    The EIA (U.S. Energy Information Administration) estimates that OPEC’s crude oil production will rise to 32.5 MMbpd in 2016 and 33.0 MMbpd in 2017. OPEC’s crude oil production was at 31.8 MMbpd in 2015. The rise in the crude oil production by OPEC members will have a negative impact on crude oil prices.

    Lower crude oil prices negatively impact oil and gas exploration and production companies’ earnings like Warren Resources (WRES), QEP Resources (QEP), and Sanchez Energy (SN). The rollercoaster ride in crude oil prices also impacts ETFs and ETNs such

    Read More »from OPEC’s Crude Oil Production Rose, Bearish for the Oil Market
  • Will Gasoline and Distillate Inventories Impact Crude Oil Prices?

    Crude Oil Market: Are the Bears Overshadowing the Bulls?

    (Continued from Prior Part)

    API gasoline and distillate inventories  

    On August 23, 2016, the API (American Petroleum Institute) released its weekly crude oil (USO) (UWTI) (UCO) (BNO) inventory report. It reported that US gasoline inventories fell by 2,200,000 barrels from August 12–19, 2016. US distillate inventories fell by 834,000 barrels for the same period. To learn more about US crude oil inventories, read the previous part of this series.

    Market surveys estimate that US gasoline inventories could have fallen by 1,160,000 barrels from August 12–19, 2016. Surveys estimate that US distillate inventories rose by 400,000 barrels for the same period.

    EIA’s gasoline and distillate inventories  

    The EIA (U.S. Energy Information Administration) will release its crude oil inventory report for the week ending August 19, 2016, on August 24, 2016, at 10:30 AM EST.

    For the week ending August 12, 2016, the EIA reported that US

    Read More »from Will Gasoline and Distillate Inventories Impact Crude Oil Prices?
  • /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES /

    SMITHS FALLS, ON , Aug. 24, 2016 /CNW/ - Canopy Growth Corporation (CGC.TO) ("Canopy Growth" or the "Company") announced that it has closed its previously announced short form prospectus offering, on a bought deal basis, including the exercise in full of the underwriters' over-allotment option.  A total of 9,453,000 common shares in the capital of the Company (the "Shares") were sold at a price of $3.65 per Share, for aggregate gross proceeds of $34,503,450 (the "Offering"). The Offering was underwritten by a syndicate of underwriters led by GMP Securities L.P. and Dundee Securities Ltd.

    The Company intends to use the net proceeds from the Offering primarily to expand its cannabis oil extraction capacity, including the addition of encapsulation equipment, add multilayer flowering, grow and drying

    Read More »from Canopy Growth Corporation completes previously announced bought deal financing, including over-allotment, for $34.5 Million
    Contact:
    Investor Contact: Tyler Burns, Tyler.burns@canopygrowth.com, 1-855-558-9333 ex 122; Director: Bruce Linton, tmx@tweed.com, tmx@canopygrowth.com

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