28 May, 2014 by The TZ Newswire Staff Comments Off on Why ‘tapering the taper’ could help gold: Fund manager
Why ‘tapering the taper’ could help gold: Fund manager
Oone fund manager has told CNBC that only a fresh macroeconomic sea-change could push investors back into buying the precious metal gold.
28 May, 2014 by The TZ Newswire Staff Comments Off on Darrell Delamaide’s Political Capital: Weak EU wary of putting another ‘damp rag’ in top job
Darrell Delamaide’s Political Capital: Weak EU wary of putting another ‘damp rag’ in top job
The European Union will try to select a leader for the European Commission who can advance the agenda of European integration while pacifying the growing number of euroskeptics.
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28 May, 2014 by The TZ Newswire Staff Comments Off on GM engineer said he forgot change to switch in recalled cars: NYT
GM engineer said he forgot change to switch in recalled cars: NYT
GM engineer Ray DeGiorgio did not say anything to the congressional investigators to suggest that Chief Executive Mary Barra knew about the defective switch before she took the top job at the company this year, the Times said, quoting people familiar with the session. DeGiorgio, who was suspended by GM on April 10, designed the switch for the 2003 Saturn Ion and other models, including the Chevrolet Cobalt, which have been recalled.
28 May, 2014 by The TZ Newswire Staff Comments Off on Small-Cap Financials are Still Underperforming
Small-Cap Financials are Still Underperforming
Note that I will be taking a day off on Friday and Art’s charts will not be updated until Monday. Stocks took a breather on Wednesday with small losses in the major index ETFs. The Russell 2000 ETF and Russell MicroCap iShares suffered the biggest losses, but the declines were around half a percent. The sectors were mixed with four up and five down. The gains and losses, however, were very small…
28 May, 2014 by The TZ Newswire Staff Comments Off on Bidders for 2022 Winter Games are melting away
Bidders for 2022 Winter Games are melting away
As if the Winter Olympics did not have enough existential problems, it now seems that nobody is much interested in staging, the New York Times reports.
28 May, 2014 by The TZ Newswire Staff Comments Off on Asian shares at one-year high, bonds fly high on ECB hopes
Asian shares at one-year high, bonds fly high on ECB hopes
Asian shares inched up to a one-year high on Thursday while global bond prices surged, pushing their yields to multi-month lows, supported by expectations of easier monetary policy from the European Central Bank. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.15 percent, led by gains in Hong Kong .HSI and Singapore .FTSTI shares and hitting one-year highs for the fifth time in the last six sessions. Japan’s Nikkei share average .N225 gained 0.1 percent. Bond yields fell sharply as investors prepared for the ECB’s expected easing.
28 May, 2014 by The TZ Newswire Staff Comments Off on Will the World Cup affect the Brazilian real?
Will the World Cup affect the Brazilian real?
Luis Costa, emerging market strategist at Citi, discusses whether the increase in tourists buying the Brazilian real will affect the price movement of the country’s currency.