3 June, 2014 by The TZ Newswire Staff Comments Off on US factory orders increase for third straight month
US factory orders increase for third straight month
New orders for U.S. factory goods rose for a third straight month in April, pointing to strength in manufacturing and the broader economy.
3 June, 2014 by The TZ Newswire Staff Comments Off on Market Snapshot: U.S. stocks edge lower ahead of factory orders
Market Snapshot: U.S. stocks edge lower ahead of factory orders
The U.S.
3 June, 2014 by The TZ Newswire Staff Comments Off on This is the best performing market in the world right now
This is the best performing market in the world right now
The US stock market may be at record highs but, it’s nowhere near the best performing market in the world. That’s because the Dubai Financial Market General Index has made over 56% since the start of 2014.
3 June, 2014 by The TZ Newswire Staff Comments Off on China PMIs fuel hope economy is stabilising, property still a wild card
China PMIs fuel hope economy is stabilising, property still a wild card
China’s factory and services sectors had their best showings in months in May as demand rebounded, surveys showed, fuelling optimism that its economy may be steadying after a weak start to the year.
3 June, 2014 by The TZ Newswire Staff Comments Off on China defends Tiananmen crackdown on eve of 25th anniversary
China defends Tiananmen crackdown on eve of 25th anniversary
China defended the bloody 1989 crackdown on pro-democracy demonstrators around Beijing’s Tiananmen Square on Tuesday, the eve of the 25th anniversary, saying it had chosen the correct path for the sake of the people. For the ruling Communist Party, the 1989 demonstrations that clogged Tiananmen Square in Beijing and spread to other cities remain taboo after the government termed the protests “counter-revolutionary”.
3 June, 2014 by The TZ Newswire Staff Comments Off on Seattle raises minimum wage; will others follow?
Seattle raises minimum wage; will others follow?
Seattle activists celebrated a successful campaign to gradually increase the city’s minimum wage to $15 by calling for a national movement to close the income and opportunity gaps between rich and poor. …
3 June, 2014 by The TZ Newswire Staff Comments Off on Fidelity said to be competing to lead Uber round at $17B
Fidelity said to be competing to lead Uber round at $17B
Fidelity Investments is competing to lead Uber Technologies Inc.’s new financing in a round that could value the ride-sharing service at about $17 billion, according to people familiar with the situation. Uber’s new financing, if completed at a $17 billion valuation, would mean the company is more valuable than public technology companies including car-rental service Hertz Global Holdings Inc. and retailer Best Buy Co. Other closely held technology startups such as Dropbox Inc. and Airbnb Inc. have raised money at a $10 billion valuation in recent months.