10 July, 2014 by The TZ Newswire Staff Comments Off on Reynolds, Lorillard to reshape Big Tobacco
Reynolds, Lorillard to reshape Big Tobacco
Reynolds American and Lorillard are agreeing a complex merger that will reshape Big Tobacco.
10 July, 2014 by The TZ Newswire Staff Comments Off on Europe Markets: European stock markets rebound after five-day slide
Europe Markets: European stock markets rebound after five-day slide
European stock markets break a losing streak, with regional banks bouncing back after an ugly selloff spurred by troubles at the Portuguese Espirito Santo conglomerate.
10 July, 2014 by The TZ Newswire Staff Comments Off on Intermarket PerfChart Shows Strange Happenings in July
Intermarket PerfChart Shows Strange Happenings in July
The intermarket PerfChart below shows July getting off to a rather strange start. SPY and QQQ are up slightly this month, but IWM is down sharply with a 2+ percent loss. Relative weakness in small-caps suggests that the equity market may be entering into a corrective period. Small-caps and momentum names fell sharply in March-April, but large-caps held relatively firm and corrected with a…
10 July, 2014 by The TZ Newswire Staff Comments Off on Darrell Delamaide’s Political Capital: European economics post will go to Socialist politician
Darrell Delamaide’s Political Capital: European economics post will go to Socialist politician
The influential post of economic affairs for the European Commission will be filled by a center-left politician, writes Darrell Delamaide.
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10 July, 2014 by The TZ Newswire Staff Comments Off on Portugal’s BES hits back–should we blame the parent?
Portugal’s BES hits back–should we blame the parent?
Suspended from trading for another day, Banco Espirito Santo rushes to quell any concerns regarding its financial stability.
10 July, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: India budget focuses on jobs, growth
The Wall Street Journal: India budget focuses on jobs, growth
India’s new government chooses incremental change over a major revamp for the country’s ailing economy, saying it plans to simplify the tax system, make subsidy programs more efficient and raise the limit on foreign investment in two industries.
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10 July, 2014 by The TZ Newswire Staff Comments Off on Asian shares track Wall St. lower, yen gains
Asian shares track Wall St. lower, yen gains
Asian share markets slipped on Friday as troubles at a small Portuguese bank managed to wrongfoot investors already made anxious by the U.S. earnings season and a spate of disappointing economic data globally. Japan’s Nikkei fell 0.7 percent, while Australia eased 0.4 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent. Analysts emphasised that the woes of one Portuguese bank were no threat to the sovereign’s rating and rather the news served as an excuse to book profits on what has been a long rally in European stocks and bonds.