News

The ‘MegaBrew Merger’ – A Fair Deal?

By Richard Prentice After rumours of a potential deal brewing back in mid-September, Anheuser-Busch InBev has officially offered to purchase SAB Miller for a record breaking £71 billion, to create the world’s largest beer maker. The proposal offers £44 a share, a 50% premium over SAB Miller’s share price prior to the announcement of initial…
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Will the Oyu Tolgoi underground development save Mongolia’s economy?

Erdenebilguun Gan-Och The 17th largest country by territory in the world with a mere 3 million in population was the hot topic in mining during its short lived “golden era” of early 2010s. Historically, the country largely relied on agriculture and light manufacturing; Mongolia became an international spotlight after the signing of the Investment Agreement…
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Six year low in copper prices – China responsible?

Aidan Jackson Copper prices have continued to fall to $2.13/lb, a six and a half year low as the commodities slump shows no sign of ceasing. The cost of the dollar traded asset is by no means helped through the growing strength of the American currency, as oil production begins to stabilise and hints that…
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Uh-OPEC: Iran’s return, “Is now a bad time?”

Nicholas Ogilvie OPEC stated this week that surplus inventories of crude oil are at their highest in ten years. The IEA announced that a record of 3 billion barrels filled inventories across the globe. Yet despite the record glut, 2015 has still had a very strong oil demand growth, which is expected to stay high…
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Square IPO

David Allison Square Inc. [NASDAQ:SQ], a 6-year old payment processing startup with a unicorn valuation went public at $9/share, significantly less than the expected value of $11-13/share. This has valued the company at $2.9 billion, a far sight from their previous $6 billion valuation in October 2014. Despite this, by the end of trading on…
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The federal rate and the global economy

Daniel Ball It is now expected that the Federal Reserve Bank will increase interest rates for the first time since June 2006 when they meet in December. Strong employment and wage growth data has led to Global Markets reacting as if this rise is inevitable, with Gold and emerging market (EM) currencies already beginning to…
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The flowers, the markets and our defiance against terrorism

Steven Tai Almost ten years on from the 7/7 London bombing in 2005 that killed 52 people, the 13th November has marked to be another unforgettable day of atrocity in contemporary European history. Policy makers and the media seem to circulate the defiant message that ‘terrorism does not change our way of life’, this is…
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Market rigging: A breakdown

David Joseph As scandal after scandal erodes trust in the illustrious but increasingly unpopular financial sector, one of the latest to come to light concerns the rigging of markets. Whether it’s LIBOR, or one of a hundred different Foreign Exchange rates, it seems over the past few years limited markets have been safe from greedy…
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South Africa: A puzzling picture

James Zackon The South African economy is still trying to find its feet after a barrage of woes over the past couple of years. Last week we saw the Rand weakened even further, hitting a record low of 21.97 to the British pound. There are multiple reasons for this. Firstly, there has been a general…
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Cellectis SA and the potential cure for leukaemia

Josh Moss Layla Richards, at just 3 months of age was suffering from incurable acute lymphoblastic leukaemia, according to the New Scientist magazine. Typical treatments include chemotherapy and bone marrow transplants, however, they were unsuccessful when applied to Layla. According to the BBC, medical staff along with Cellectis SA, a Paris-based startup specialising in biotechnology…
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