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9:51 am

Valeant Pharmaceuticals licenses psoriasis drug from AstraZeneca

After Amgen, the originator of the skin condition treatment, abandoned brodalumab, Astra has called on the Canadian dermatology specialist to develop the drug.

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Tuesday, September 01, 10:05 am

Penn West cuts workforce by 35% as commodity slide bites

The oil price crunch has led Canada producer Penn West Petroleum (TSE:PWT; NYSE:PWE) to reduce its staff by 35%, suspend the dividend and cut back on spending. The rationale behind the move is to ...


9:24 am

Falcon Oil & Gas off to a good start in Australia

The Falcon boss is clearly heartened by the results from the first well.


  • Falcon chief hails Aussie drill result as 'excellent start'

    Falcon Oil & Gas (LON:FOG, CVE:FO) chief Philip O'Quigley hailed as an “excellent start” the drill results from its first well in Australia’s Beetaloo Basin. Kalala S-1 intercepted more than 500 metres of shale gas with a net pay (the potentially economic portion) of 150 metres.

  • US stocks set for further falls after China data

    Tuesday is set for another sell-off in US markets after more disappointing Chinese macro data and continued unease about the timing of  a Fed interest rate rise.

  • Rare Earth Minerals speeds up drilling after Tesla supply deal

    The second rig has been mobilised to speed up drilling of the remaining holes at its Sonora Lithium project in Mexico.

  • Wall Street trades lower on worries over China growth, U.S. rate hike

    Wall Street traded lower on Monday as  amid investor concerns about slowing growth in the world’s second-largest economy China and the prospect of higher U.S. interest rates. The Dow Jones Industrial Average (INDEXDJX:.DJI) slid 0.5% to 16,567.01 at 3:33 p.m. in New York. The S&P 500 (INDEXSP:.INX) retreated 0.7% to 1,975.42. The Nasdaq Composite (INDEXNASDAQ:.IXIC) lost 1.1% to 4,779.21.

  • Low oil prices are here to stay

    The lower price environment is here to stay, longer than many of the key players anticipated.

  • TSX halts four-day rally on China worries

    Canadian shares fell, ending a four-day winning run, as investors continued to fret about a slowdown in China, the nation’s second-largest trading partner. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) fell 0.5% to 13,790.24 at 12:20 p.m. in Toronto. Five shares advanced for every stock that declined as six out of ten share groups were in the negative territory.

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