Having spent yesterday discussing the impact of the Fed's no taper policy on bonds, today we're showing its impact on the dollar. The announcement on Sept. 18 sent the Dollar Index (DXY) plunging 1.2 percent in less than two hours -- the largest one-day move in 11 weeks. By the end of the session, the DXY violated a two-year trend line which had provided support on four previous occasions.
OGX Petroleo & Gas Participacoes SA dismissed Roberto Monteiro, leaving Eike Batista’s crude company without a head of finance as it seeks more money from creditors in a bid to prevent bankruptcy protection proceedings.
Diamond Offshore Drilling Inc., the largest U.S. deep-water oil driller, signed contracts worth as much as $1.8 billion with Anadarko Petroleum Corp . for two new drillships and settled a dispute over a third rig stemming from a Gulf of Mexico drilling moratorium last year.
Diamond Offshore Drilling Inc. , the largest U.S. deep-water oil driller, agreed to pay Hyundai Heavy Industries Co. about $590 million to build a drillship as crude producers explore farther offshore.
Offshore drillers may need to order about $5.5 billion in new rig-safety equipment as the Gulf of Mexico oil-rig explosion and subsequent leaking well lead to potential changes in environmental standards, JPMorgan Chase & Co. said.
Diamond Offshore Drilling Inc. , the largest U.S. deep-water oil driller, said one of its rigs is moving to Egypt from the Gulf of Mexico, as the company seeks other international contracts after BP Plc’s crude spill.