3 June, 2014 by The TZ Newswire Staff Comments Off on Europe stocks down, euro holds near lows after inflation data
Europe stocks down, euro holds near lows after inflation data
* Data seen cementing case for ECB to ease policy * Asian shares rise as U.S., China activity picks up (Updates after inflation data) LONDON, June 3 (Reuters) – European shares dipped on Tuesday and the euro held near 3 1/2-month lows against the dollar after a fall in euro zone inflation cemented the case for the European Central Bank to ease monetary policy later this week.
3 June, 2014 by The TZ Newswire Staff Comments Off on Eurozone inflation drops, keeping pressure on ECB
Eurozone inflation drops, keeping pressure on ECB
Inflation in the eurozone sagged more than expected to 0.5 percent in May, increasing pressure on the European Central Bank to take action this week to support the weak economic recovery. The figure released …
3 June, 2014 by The TZ Newswire Staff Comments Off on France says mooted BNP Paribas’ $10 billion U.S. fine ‘unreasonable’
France says mooted BNP Paribas’ $10 billion U.S. fine ‘unreasonable’
France said it would defend the interests of its biggest bank BNP Paribas, calling a possible $10 billion-plus U.S. fine “unreasonable” and warning it could have a bearing on transatlantic free trade talks. French government ministers have until now shied away from discussing in public BNP’ negotiations with U.S. authorities, who are investigating whether the lender evaded U.S. sanctions relating primarily to Sudan, Iran and Syria between 2002 and 2009.
3 June, 2014 by The TZ Newswire Staff Comments Off on China PMIs fuel hope economy is stabilizing, property still a wild card
China PMIs fuel hope economy is stabilizing, 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. “Exports are picking up and the impact of the ‘mini stimulus’ is gradually being felt,” said Tao Wang, an economist at UBS, referring to recent government measures to revive growth. The survey results augur well for China’s monthly economic data that will be released from June 8, and gave a fillip to Asian stock markets.
3 June, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Everland plans IPO, seen as helping Samsung handoff
The Wall Street Journal: Everland plans IPO, seen as helping Samsung handoff
The planned IPO by Samsung Everland, the de facto holding company of Samsung Group, is expected to help the succession of ownership from the group chairman to his children.
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3 June, 2014 by The TZ Newswire Staff Comments Off on Pilgrim’s Pride tops Tyson Foods’ offer for Hillshire
Pilgrim’s Pride tops Tyson Foods’ offer for Hillshire
Hillshire’s shares rose 9 percent at $58.50 in premarket trading, after Pilgrim’s Pride said it raised its offer to $55 per share in cash from $45. Tyson Foods, the largest U.S. meat processor, has offered $50 per share in cash. Hillshire said it would “provide information” to both bidders and conduct talks with them. Pilgrim’s Pride said its offer valued Hillshire at $7.7 billion, including debt.
3 June, 2014 by The TZ Newswire Staff Comments Off on Indications: Stock futures fall ahead of auto sales, orders data
Indications: Stock futures fall ahead of auto sales, orders data
U.S. stock futures sag Tuesday before investors receive an update on orders for goods to U.S.