30 July, 2014 by The TZ Newswire Staff Comments Off on Futures Movers: Crude oil slips below $100 a barrel after supply data
Futures Movers: Crude oil slips below $100 a barrel after supply data
Crude-oil futures extended overnight losses in Asian trade Thursday, on bearish U.S. inventory data that sent the U.S.
30 July, 2014 by The TZ Newswire Staff Comments Off on Dollar shines, U.S. yields surge on upbeat U.S. data
Dollar shines, U.S. yields surge on upbeat U.S. data
The dollar stayed strong and U.S. bond yields held firm on Thursday after data showed solid U.S. economic growth, even as the Federal Reserve repeated its message that it is in no hurry to raise interest rates. While the prospect of a solid U.S. recovery underpinned equities, many Asian shares slipped on profit-taking after
30 July, 2014 by The TZ Newswire Staff Comments Off on Argentina braces for market reaction to second default in 12 years
Argentina braces for market reaction to second default in 12 years
Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year. After a long legal battle with hedge funds that rejected Argentina’s debt restructuring following its 2002 default, Latin America’s third-biggest economy failed to strike a deal in time to meet a midnight deadline for a coupon payment on exchange bonds.
30 July, 2014 by The TZ Newswire Staff Comments Off on Target taps PepsiCo executive as new CEO: WSJ
Target taps PepsiCo executive as new CEO: WSJ
Target has tapped PepsiCo executive Brian Cornell as its new chief executive, the Wall Street Journal reports.
30 July, 2014 by The TZ Newswire Staff Comments Off on Sony’s profit jumps on robust games, networks
Sony’s profit jumps on robust games, networks
Sony said operating profit doubled in the April-June quarter, helped by a strong performance in its games and networks division.
30 July, 2014 by The TZ Newswire Staff Comments Off on Argentina defaults and its stocks …rise?
Argentina defaults and its stocks …rise?
Usually a sovereign default is negative for a country’s markets, but Argentina shares rallied to 20-year highs despite the overhanging threat.
30 July, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Target taps PepsiCo executive as new CEO
The Wall Street Journal: Target taps PepsiCo executive as new CEO
Target Corp.