US Economy, activity, market and related issue

[Madokafc]

Being the largest economy in the world for more than a Century and still continue for decades ahead , but surprisingly there is almost no one here give attention or fuck with USA economy and related issue. This is actually a great sin on our parts, if anything what US policy to do with their economy it will affected the rest of the world tremendously

 

[Madokafc]

U.S. shale firms amp up natural gas output as futures signal more gains​

By Jennifer Hiller, Scott DiSavino

HOUSTON/NEW YORK (Reuters) - Higher natural gas futures prices for 2021 and a continued glut of crude oil are prodding U.S. shale firms to boost gas drilling and production.



FILE PHOTO: A view of a well site which sits atop the natural gas-rich Marcellus shale formation in Western Pennsylvania outside of Union City, Pennsylvania, U.S., October 23, 2020. REUTERS/Shannon Stapleton/File Photo
Shale producers are increasing spending on natural gas, a change from the past, amid forecasts for a 45% jump in gas prices next year compared to a 15% gain for Brent prices. The shift is a reminder to the Organization of the Petroleum Exporting Countries meeting this week how shale moves quickly in response to price. The OPEC group is considering whether to ease oil output curbs from Jan. 1.
The largest U.S. shale oil producer, EOG Resources, this month said next year it will start selling gas from 15 new wells from a newly discovered field holding 21 trillion cubic feet of gas. Continental Resources recently shifted drilling rigs to gas from oil in Oklahoma. Apache Corp this month said it plans to complete three Texas wells after lifting its third-quarter U.S. gas production by 15% over the second quarter and 6% over the same period last year.
“Demand has remained pretty robust. Supply has been starved for capital,” said Christopher Kalnin, chief executive of Denver-based Banpu Kalnin Ventures, which last month closed a deal to acquire Devon Energy natural gas assets. Banpu Kalnin has hedged about 65% of its gas production for next year.
The number of U.S. rigs drilling for natural gas, an indicator of future output, has climbed 13% to 77 since July. About a quarter of all active U.S. rigs are drilling for gas, up from 16% last year, according to services firm Baker Hughes.

U.S. shale firms amp up natural gas output as futures signal more gains

Higher natural gas futures prices for 2021 and a continued glut of crude oil are prodding U.S. shale firms to boost gas drilling and production.

www.reuters.com

 

[Madokafc]

S&P Global nears mega deal to buy IHS Markit: source​

By Reuters Staff

(Reuters) - Data giant S&P Global Inc is nearing a deal to buy IHS Markit Ltd, according to a person familiar with the matter, creating a heavyweight in the increasingly competitive market for financial information.



FILE PHOTO: The S&P office is seen at right in Canary Wharf in London, Britain March 6, 2020. REUTERS/Kevin Coombs
The deal could be announced as soon as Monday, with S&P set to pay around $44 billion in stock, according to a report in the Wall Street Journal. (on.wsj.com/2VtPXql)
S&P Global and IHS did not immediately respond to Reuters’ requests for comment.
At that price, it would be the biggest deal of 2020 and a sign deal making activity is accelerating as breakthroughs in COVID-19 vaccine-related developments improve the economic outlook.
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S&P Global is renowned for providing debt ratings to countries and companies, as well as data on capital and commodity markets worldwide. It became a standalone business in 2011 when its then parent McGraw-Hill separated S&P from its education business.
IHS Markit was formed in 2016 when IHS, whose businesses range from data on automotive and technology industries to publishing Jane’s Defence Weekly, bought Markit Ltd in 2016 for around $6 billion. Markit, founded by former credit trader Lance Uggla, provides a range of pricing and reference data for financial assets and derivatives.
IHS has a market value of around $36.88 billion based on the stock’s last close on Friday, Reuters calculations showed, with its share price up around 22% so far this year.

The transaction is likely to face close examination from competition watchdogs, as the market for financial information becomes increasingly concentrated.
The London Stock Exchange is in the final stage of trying to win clearance for its planned $27 billion acquisition of data provider Refinitiv, which has been through a long review process by the European Union’s Competition Commissioner.
Refinitiv was carved out of Thomson Reuters by private equity giant Blackstone in 2018, when it bought a 55% stake in the business in its biggest bet since the 2008 financial crisis. Thomson Reuters, parent of Reuters News, retains a 45% holding in the business.
Reporting by Maria Ponnezhath, Shubham Kalia in Bengaluru and Greg Roumeliotis in New York, Additional reporting by Rachel Armstrong in London; Editing by Shounak Dasgupta; Rashmi Aich and Saumyadeb Chakrabarty
Our Standards: The Thomson Reuters Trust Principles.
REUTERS NEWS NOW

S&P Global to buy IHS Markit for $44 billion, expanding data empire

Business information provider S&P Global Inc agreed on Monday to pay $44 billion in stock to acquire IHS Markit Ltd in the year's biggest acquisition that will create a new data powerhouse serving Wall Street and the corporate world.

www.reuters.com

@Nilgiri your take, this is big as it means there is clash of interest right now by the acquisition

 

[Nilgiri]

S&P Global nears mega deal to buy IHS Markit: source​

By Reuters Staff

(Reuters) - Data giant S&P Global Inc is nearing a deal to buy IHS Markit Ltd, according to a person familiar with the matter, creating a heavyweight in the increasingly competitive market for financial information.



FILE PHOTO: The S&P office is seen at right in Canary Wharf in London, Britain March 6, 2020. REUTERS/Kevin Coombs
The deal could be announced as soon as Monday, with S&P set to pay around $44 billion in stock, according to a report in the Wall Street Journal. (on.wsj.com/2VtPXql)
S&P Global and IHS did not immediately respond to Reuters’ requests for comment.
At that price, it would be the biggest deal of 2020 and a sign deal making activity is accelerating as breakthroughs in COVID-19 vaccine-related developments improve the economic outlook.
ADVERTISEMENT

S&P Global is renowned for providing debt ratings to countries and companies, as well as data on capital and commodity markets worldwide. It became a standalone business in 2011 when its then parent McGraw-Hill separated S&P from its education business.
IHS Markit was formed in 2016 when IHS, whose businesses range from data on automotive and technology industries to publishing Jane’s Defence Weekly, bought Markit Ltd in 2016 for around $6 billion. Markit, founded by former credit trader Lance Uggla, provides a range of pricing and reference data for financial assets and derivatives.
IHS has a market value of around $36.88 billion based on the stock’s last close on Friday, Reuters calculations showed, with its share price up around 22% so far this year.

The transaction is likely to face close examination from competition watchdogs, as the market for financial information becomes increasingly concentrated.
The London Stock Exchange is in the final stage of trying to win clearance for its planned $27 billion acquisition of data provider Refinitiv, which has been through a long review process by the European Union’s Competition Commissioner.
Refinitiv was carved out of Thomson Reuters by private equity giant Blackstone in 2018, when it bought a 55% stake in the business in its biggest bet since the 2008 financial crisis. Thomson Reuters, parent of Reuters News, retains a 45% holding in the business.
Reporting by Maria Ponnezhath, Shubham Kalia in Bengaluru and Greg Roumeliotis in New York, Additional reporting by Rachel Armstrong in London; Editing by Shounak Dasgupta; Rashmi Aich and Saumyadeb Chakrabarty
Our Standards: The Thomson Reuters Trust Principles.
REUTERS NEWS NOW

S&P Global to buy IHS Markit for $44 billion, expanding data empire

Business information provider S&P Global Inc agreed on Monday to pay $44 billion in stock to acquire IHS Markit Ltd in the year's biggest acquisition that will create a new data powerhouse serving Wall Street and the corporate world.

www.reuters.com

@Nilgiri your take, this is big as it means there is clash of interest right now by the acquisition

It will be interesting to follow for sure, you are correct there is conflict of interest intrinsic in this...as there will be less competition by merger (it is a bit more complicated than that in finance/market analyst companies where lot of things are joined at hip anyway the bigger you get but that is long story).

Smaller financial market countries (even developed ones) etc.... would bring anti-trust to this with current law books they have I feel and larger ones likely would have done so too before the greenspan era established (there was sufficient legal deterrence too back then).

....but we just have "watchdogs" in larger ones that will likely rubber stamp this as ok to do....and that is what matters in the end given they hold the larger presence on the issue.....*Shrug*