The Traderszone Network

28 July, 2014 by The TZ Newswire Staff Comments Off on London Markets: FTSE 100 breaks two-day losing streak; BP climbs

London Markets: FTSE 100 breaks two-day losing streak; BP climbs

U.K.’s FTSE 100 heads for its first gain in three days on Tuesday, with upbeat earnings reports from BP, GKN and Next lifting the trading mood.
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28 July, 2014 by The TZ Newswire Staff Comments Off on UBS posts profit rise, books German tax charge

UBS posts profit rise, books German tax charge

UBS posted a forecast-beating second-quarter net profit as it booked a $280 million charge to help settle litigation in Germany.

28 July, 2014 by The TZ Newswire Staff Comments Off on Asian stocks reach three-year peak, China holds gains

Asian stocks reach three-year peak, China holds gains

The charge had been led by Chinese banks after a Reuters report said the country’s fifth-biggest bank by assets planned to seek more private investors. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent to be just a whisker from a peak last touched in April 2011. Japan’s Nikkei rose 0.4 percent to a six-month high as investors focused on the positive in some mixed economic news.

28 July, 2014 by The TZ Newswire Staff Comments Off on Exclusive: Goldman unit eyes foray into China amid metals financing scandal

Exclusive: Goldman unit eyes foray into China amid metals financing scandal

NEW YORK/SYDNEY/LONDON (Reuters) – Goldman Sachs Group Inc’s metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share. It has intensified a battle between new entrants and entrenched rivals in the multi-billion dollar business of securely storing the world’s commodities in China, the world’s biggest producer and user of base metals.

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28 July, 2014 by The TZ Newswire Staff Comments Off on Jaded Argentines brace for looming debt default

Jaded Argentines brace for looming debt default

Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina’s 2001-2002 economic crash and debt default. Garcia’s wait-and-see attitude is typical of other businesses who anticipate a slowdown in sales in a country grappling with a surging inflation rate but are convinced any economic downturn will be moderate. While unsettling, the debt crisis today is a far cry from the turmoil of Argentina’s $100 billion default in 2002, and Garcia is optimistic things will ultimately improve.

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28 July, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: U.S. accuses Russia of violating arms treaty

The Wall Street Journal: U.S. accuses Russia of violating arms treaty

Russia tests a new type of intermediate-range missile, prompting President Barack Obama to send a letter of protest to his counterpart Vladimir Putin.
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28 July, 2014 by The TZ Newswire Staff Comments Off on BP: Russia still key as production set to dip

BP: Russia still key as production set to dip

BP, the U.K. oil giant, announced a 34 percent rise in profits Tuesday – but its results bore out the importance of its Russian investments.