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MarketsSouth African currency slides to fresh record low

The South African rand has taken another tumble, falling to a fresh record low of 11.597 versus the US dollar. The rand has been pummelled this month despite the country benefitting from low oil prices – in sharp contrast to many of the other currencies falling of late, like the Russian rouble, Colombian peso or […]

Lake County Homefront: Buying and selling homes in today’s market

Theres not much that can be done to convince an unrealistic seller that they should accept an offer at market price. Many sellers will not budge past a certain price that they have in mind, especially if they own the home outright and can wait out the market or if they have to pay off […]

SL Green Reveals Amendment of Unsecured Credit Facility

SL Green Realty Corp. (SLG – Analyst Report) has revealed the receipt of assurance from lenders for modifying and extending its $1.2 billion revolving line of credit part of its $2.0 billion unsecured corporate credit facility. The move would help the company enjoy lower overall costs of funds and an extension of its debt maturity […]

Why have Santos shares fallen more than other ASX energy companies?

Shares in natural gas company Santos Limited (ASX:STO) have lost 40% of their value in the past month alone. While the fall in global oil price has applied pressure to all energy stocks, why has Santos been so badly affected? It has been another tough week for energy markets, as oil prices tumbled to five […]

Talvivaara Unit to File for Bankruptcy, Nyrstar Faces Charge

Finnish nickel miner Talvivaara Sotkamo, the operating unit of Talvivaara Mining Co. (TLV1V), will file for bankruptcy after efforts to secure interim funding failed. Lack of short-term working capital prevents a long-term solution, the Espoo-based parent said in a statement. Nyrstar NV (NYR) faces a 176 million-euro ($220 million) impairment charge if a Talvivaara supply […]

Draghi Stimulus Draws Danish Pledge on Limitless Peg Defense

As Mario Draghi tries to pump as much as 1 trillion euros ($1.23 trillion) of liquidity into the euro area, a little nation on Europe’s northern rim is preparing its defense of a 30-year-old currency regime. The unprecedented stimulus push by the European Central Bank president promises to test the euro peg in Denmark, where […]

Man Accused of Buying Firearms with Counterfeit Currency

31-year-old Daniel Christopher Hanna was arrested on December 4 on felony charges of obtaining property by false pretense and possession of more than five counterfeit bills On November 10, the Morganton Dept. of Public Safety Criminal Investigations Division began an investigation into firearms that were bought with counterfeit money. The victim sold three firearms for […]

Biggest hurdles for borrowers: Down payments or debt?

While lower down payment requirements may help pave a quicker path to homeownership for some prospective buyers, a bigger obstacle is the additional debt many borrowers bring to the table, according to Daren Blomquist, vice president at RealtyTrac. The housing data provider recently analyzed affordability in more than 500 counties nationwide, looking at the impact […]

Impact of declining oil prices on banks

Yap Leng Kuen | The Star, Kuala Lumpur, Malaysia / Asia News Network PETALING JAYA (The Star/ANN) — Oils sharp decline since June has left many banks looking at heavy losses and the estimated 2 billion pounds (US$3.12 billion) losses for British lenders may be just the tip of the iceberg. US and Canadian banks […]

C.H. Robinson to Take Over for $365M

Over the last three years, CH Robinson bought two logistics service providers, namely, Phoenix International and Poland-based freight forwarder Apreo Logistics SA CH Robinson also entered into a $500 million revolving unsecured credit facility in order to part finance the acquisition of Phoenix.

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