Spain's Abengoa launches 650 mln-euro recapitalisation plan, shares plunge MADRID, Aug 3- Indebted Spanish renewable energy company Abengoa announced a surprise 650 million-euro share issue on Monday, having ruled out such a move on Friday when it announced it would sell more assets and cut its profit forecast. The shares were down 16 percent at 1.913 euros by 1116 GMT, having tumbled more than 45 percent in the last fortnight on concerns...
| By: Sarah Morris
US level of bullishness is 'amazingly low' Martin Leclerc, chief investment officer and portfolio manager at Barrack Yard Advisors, explains why six years into a bull market - the bullishness level is "amazingly low."
Why Independence Group acquired Sirius Resources Peter Bradford, managing director and CEO at Independence Group, says the company acquired Sirius Resources so as to strengthen its development pipeline and future cash flow.
Mexico state: Indians approve embattled wind power project MEXICO CITY- Residents of a heavily Indian area have approved the installation of a huge wind power project in the Isthmus of Tehuantepec in southern Mexico, the Oaxaca state government said Friday. The company behind the project and the Oaxaca government teamed up to offer residents an average 45 percent reduction in power costs. Hundreds of wind power...
Source: The Associated Press
UPDATE 1-Precious metals funds worldwide bleed $1.2 bln, most since Dec. '13 -BofA NEW YORK, July 31- Investors worldwide pulled $1.2 billion out of precious metals funds in the week ended July 29 on expectations for higher U.S. interest rates and weakness in Chinese shares, data from a Bank of America Merrill Lynch Global Research report showed on Friday. A sudden, sharp rout across New York and Shanghai markets intensified selling pressure on...
| By: Sam Forgione