Ex-Trader Turned Market Cop Halts Jane Street's India Bonanza
The 56-year-old former trader — now market regulator — was racing with his team to upload hundreds of pages of documents detailing an investigation into Jane Street Group LLC, one of the world's most secretive trading firms.
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Yahoo
2 minutes ago
- Yahoo
HPCL signs agreement with ADNOC Gas to procure LNG
India-based Hindustan Petroleum Corporation (HPCL) has entered into a heads of agreement (HOA) with an ADNOC Gas subsidiary for liquefied natural gas (LNG). HPCL's deal with the Abu Dhabi Gas Liquefaction Company (ALNG) will see the procurement of 500,000 tonnes per annum (tpa) of LNG over a period of ten years. This strategic move is aimed at bolstering India's energy security and facilitating a transition to cleaner energy sources. HPCL is set to receive LNG at the Chhara LNG Terminal in the Indian state of Gujarat. This supply will cater to the requirements of the company's City Gas Distribution Network, refineries and for the purpose of marketing to downstream customers. By diversifying its LNG portfolio with long and short-term contracts, HPCL aims to provide competitive prices to its customers. ADNOC Gas, which meets around 60% of the United Arab Emirates' (UAE) sales gas requirements, has a presence in more than 20 countries. The deal with HPCL highlights the company's growing global reach, especially in the high-demand Asian LNG market. This follows recent deals with Indian Oil Corporation and GAIL India. ADNOC Gas CEO Fatema Al Nuaimi said: 'This long-term agreement with HPCL, our third with Indian companies in the past year, reflects the robust energy partnership between the UAE and India. 'This milestone underscores ADNOC Gas' ability to reliably meet rising global demand for LNG and support India's ambition to increase natural gas to 15% of its primary energy mix by 2030.' The LNG for this contract will be sourced from ADNOC Gas' Das Island facility, with a production capacity of six million tonnes per annum. Das Island has delivered more than 3,500 LNG cargoes globally. Last month, ADNOC Gas unveiled a three-year LNG supply agreement with Germany's SEFE, valued at around $400m (Dh1.47bn). "HPCL signs agreement with ADNOC Gas to procure LNG" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
4 minutes ago
- Forbes
Buy or Sell Amgen Stock Ahead of Its Earnings?
Amgen (NASDAQ:AMGN) is set to release its earnings on Tuesday, August 5, 2025. Historically, Amgen's stock has shown a tendency to experience negative one-day returns following its earnings announcements. In the past five years, the stock has declined 58% of the time, with a median drop of -2.8% and a maximum one-day negative return of -7.2%. For event-driven traders, understanding these historical trends can provide a strategic edge. While actual results in relation to consensus estimates will be a significant factor, two main strategies can be evaluated: Analysts expect Amgen to announce earnings of $5.28 per share with revenue pegged at $8.91 billion. This is a comparison to the same quarter last year, when the company posted earnings of $4.97 per share and revenue of $8.39 billion. From a fundamental viewpoint, Amgen currently has a market capitalization of $160 billion. Over the past twelve months, the company achieved $34 billion in revenue, which resulted in $7.4 billion in operating profits and a net income of $5.9 billion. However, if you are looking for upside with less volatility than individual stocks, the Trefis High Quality portfolio offers an alternative — having outperformed the S&P 500 and delivered returns exceeding 91% since its inception. See earnings reaction history of all stocks Amgen's Historical Odds Of Positive Post-Earnings Return A few insights on one-day (1D) post-earnings returns: Additional information regarding observed 5-Day (5D) and 21-Day (21D) returns after earnings is summarized along with the statistics in the table below. Correlation Between 1D, 5D and 21D Historical Returns A relatively lower-risk strategy (though not beneficial if the correlation is weak) is to comprehend the correlation between short-term and medium-term returns following earnings, identify a pair with the highest correlation, and execute the corresponding trade. For instance, if 1D and 5D exhibit the most substantial correlation, a trader can position themselves "long" for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data based on a 5-year and a 3-year (more recent) history. Note that the correlation 1D_5D refers to the relationship between 1D post-earnings returns and subsequent 5D returns. Is There Any Correlation With Peer Earnings? Occasionally, the performance of peers can impact post-earnings stock reactions. In fact, the pricing-in may commence even before the earnings are announced. Here is some historical data on Amgen stock's past post-earnings performance compared to the stock performance of peers that reported earnings shortly before Amgen. For a fair comparison, peer stock returns similarly represent post-earnings one-day (1D) returns. Discover more about Trefis RV strategy that has exceeded its all-cap stocks benchmark (comprised of the S&P 500, S&P mid-cap, and Russell 2000), yielding strong returns for investors. Additionally, if you are interested in upside with a smoother experience than an individual stock such as Amgen, consider the High Quality portfolio, which has outperformed the S&P and achieved >91% returns since its inception.
Bloomberg
4 minutes ago
- Bloomberg
Big College Endowments Post Best Investment Gains Since 2021
US college endowments overseeing $500 million or more posted median returns of 11.5% for the year through June, the best performance since 2021. All endowments including smaller funds gained a median 10.8% before fees during the same period, according to a report Monday from the Wilshire Trust Universe Comparison Service. The firm, which gathers data from institutional investors including pensions and endowments, doesn't name individual colleges.
