23 June, 2014 by The TZ Newswire Staff Comments Off on E-cigarettes could stub out tobacco bonds sooner than thought
E-cigarettes could stub out tobacco bonds sooner than thought
The rapid growth of electronic cigarette sales poses a rising but under-appreciated risk to holders of as much as $96 billion of bonds tied to payments tobacco companies make to U.S. states from a sweeping legal settlement in 1998.
23 June, 2014 by The TZ Newswire Staff Comments Off on Asia Stocks to Watch: China slams Morgan Stanley, UBS, others
Asia Stocks to Watch: China slams Morgan Stanley, UBS, others
Morgan Stanley now has new critic: the Chinese government. An editorial in the state media says the U.S.
23 June, 2014 by The TZ Newswire Staff Comments Off on EUR/JPY a tad softer circa 138.50
EUR/JPY a tad softer circa 138.50
FXStreet (Bali) – EUR/JPY is trading at 138.52, down -0.10% on the day, having posted a daily high…
23 June, 2014 by The TZ Newswire Staff Comments Off on Asian shares creep higher, encouraged by global data
Asian shares creep higher, encouraged by global data
Asian shares clinched slender gains on Tuesday as improved manufacturing data from China, Japan and the United States augured well for global growth, despite a disappointing result from the euro zone. Though moves were modest as markets slipped into something of a summer lull, MSCI’s broadest index of Asia-Pacific shares outside Japan managed to gain 0.3 percent. Japan’s Nikkei lagged by losing 0.36 percent, but South Korea outperformed with a rise of almost 1 percent, led by Samsung Electronics Co Ltd and Hyundai Motor Co.
23 June, 2014 by The TZ Newswire Staff Comments Off on Inspection tensions add to Bangladesh garment industry’s woes
Inspection tensions add to Bangladesh garment industry’s woes
It took Western safety inspectors only about an hour to tour a factory the size of three football fields before ordering a partial shutdown of Sonia & Sweaters Ltd, a Bangladesh clothing supplier to Wal-Mart Stores Inc (WMT.N) and Debenhams (DEB.L). Such erratic decision-making poses a new set of problems for Bangladesh’s $22 billion garments industry, whose safety record has been under the microscope since the collapse of a factory near Dhaka that killed more than 1,100 workers last year.
23 June, 2014 by The TZ Newswire Staff Comments Off on GBP/USD: Break above 1.7049 sees extension to 1.73 – JPMorgan
GBP/USD: Break above 1.7049 sees extension to 1.73 – JPMorgan
FXStreet (Bali) – Thomas Anthonj, FX Strategist at JPMorgan, notes that a straight extension of the…