Sandra Leggero has a background in financial markets, having spent more than 9 years in commodities trading for several European and Asian companies. She holds a degree in Economics from the University of Pavia and specializes in emerging markets.
, | Updated:
Key Moments
Shell paused its $3 billion share buyback program starting June 12.
The suspension is set to remain in place through market close on July 14.
The pause is linked to requirements associated with Shell’s deal with ARC Resources.
Buyback Program Put on Hold
June 12 (Reuters) – Shell announced on Friday that it is suspending its $3 billion share repurchase program beginning on June 12 and continuing through market close on July 14.
Reason Tied to ARC Resources Deal
The company said the decision to pause the buyback is connected to certain requirements related to its transaction with ARC Resources.
Program Timing Overview
Event
Date / Period
Details
Buyback pause announced
June 12
Shell confirms suspension of its $3 billion share repurchase program
Start of pause
June 12
Buyback program put on hold from this date
Expected end of pause
Through market close on July 14
Program remains suspended until the close of trading on July 14
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Related News
Stock market turns risky after Fed’s decision not to taper Last weeks Wednesday the Dow Jones Industrial Average jumped 147 points Wednesday, returning to record territory after the Fed put off cuts decision. But it gave it all back on Thursday and Friday, falling 226 points and finishing the week at […]
Forex Market: EUR/JPY trading forecast for Monday During Friday’s trading session EUR/JPY traded within the range of 137.50-138.59 and closed at 137.81, losing 0.01% for the day and 0.62% for the week.Fundamental viewJapanJapans Ministry of Economy, Trade and Industry (METI) will […]
Euro Struggles to Hold Rally as Dollar Recovers on Shaky Risk Sentiment Key Moments
The US Dollar weakened after soft core inflation data, but later recovered as risk sentiment worsened.
EURUSD failed to sustain gains near 1.17 and remains capped between 1.1615 support and a descending trendline.
[…]
EUR/USD confined in tight range, eyes on ECB and Fed The EUR/USD currency pair held within a tight daily range on Wednesday ahead of the outcome of the European Central Bank’s and the Federal Reserve’s policy meetings.The European Central Bank is largely expected to keep its main refinancing […]
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
