14 June, 2014 by The TZ Newswire Staff Comments Off on China’s Collateral Rehypothecation Fraud Is Systemic
China’s Collateral Rehypothecation Fraud Is Systemic
It’s official – everyone’s involved! According to the 21st Century Business Herald, at least 17 financial institutions involved in copper, aluminum and other nonferrous metals financing business face losses of almost 15 billion Yuan (not including the contagious rehypothecated collateral chains involved) due to the over-invoicing of the Qingdao port. Crucially, it appears that the evaporation of collateral (i.e.
14 June, 2014 by The TZ Newswire Staff Comments Off on Valeant senior official leaves amid Allergan takeover battle
Valeant senior official leaves amid Allergan takeover battle
Executive vice-president and company group chairman Ryan Weldon will leave, Valeant confirmed late on Friday after inquiries by Reuters. Like Chief Executive Mike Pearson, Weldon previously worked for management consulting firm McKinsey & Co. “Although his leadership will be missed, the company has created and developed a strong management team and I am confident Ryan will assist us successfully through this transition period,” Pearson said in a statement.
14 June, 2014 by The TZ Newswire Staff Comments Off on Better Stock Today: Visa vs. Sirius XM Radio
Better Stock Today: Visa vs. Sirius XM Radio
In the spirit of World Cup competition, we’re holding our own tournament in search of the Better Stock Today.
14 June, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Thousands heed Shiite cleric’s call to arms In Iraq
The Wall Street Journal: Thousands heed Shiite cleric’s call to arms In Iraq
Iraq’s most influential Shiite cleric issues a rare call to arms to defend against attacking Sunni insurgents, portending a wider sectarian conflict as thousands of young men heeded his words.
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14 June, 2014 by The TZ Newswire Staff Comments Off on Putting Your Money Where Their Mouth Is: Who Are The Best Paid Economists
Putting Your Money Where Their Mouth Is: Who Are The Best Paid Economists
When it comes to predicting the future, or the correctness of their opinions about virtually anything else, economists fall just behind weathermen in the spectrum of accuracy and relevance.
14 June, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Medtronic, Covidien in $40 billion merger talks: WSJ
The Wall Street Journal: Medtronic, Covidien in $40 billion merger talks: WSJ
Medical-device maker Medtronic Inc.
14 June, 2014 by The TZ Newswire Staff Comments Off on How Obamacare could hurt you at tax time
How Obamacare could hurt you at tax time
Some Americans, who’ve enrolled in an Obamacare exchange plan with a government subsidy, could be on the hook to Uncle Sam.