29 August, 2014 by The TZ Newswire Staff Comments Off on Obama’s Anti-ISIS Strategy Summarized In 1 Cartoon
Obama’s Anti-ISIS Strategy Summarized In 1 Cartoon
29 August, 2014 by The TZ Newswire Staff Comments Off on JPMorgan hack spanned months via multiple flaws
JPMorgan hack spanned months via multiple flaws
Hackers burrowed into the databanks of JPMorgan Chase and deftly dodged one of the world’s largest arrays of sophisticated detection systems for months.
29 August, 2014 by The TZ Newswire Staff Comments Off on German economic fears growing but Merkel strong
German economic fears growing but Merkel strong
BERLIN (AP) — Ordinary Germans are spooked about the future. Businesses are starting to see black clouds on the horizon. And an economy that has been the envy of Europe is showing cracks, shrinking unexpectedly last quarter amid the conflict in Ukraine.
29 August, 2014 by The TZ Newswire Staff Comments Off on Alibaba profit more than Amazon, EBay combined ahead of IPO
Alibaba profit more than Amazon, EBay combined ahead of IPO
Alibaba Group Holding Ltd. has been described as a mixture of Amazon.com Inc. and EBay Inc. (EBAY) during the preparation for its U.S. In the last quarter, Alibaba earned more than those companies combined. Operating income at China’s biggest e-commerce operator rose to $1.1 billion in the three months ended June, or 42 percent more than the combined profit of Amazon and EBay for the period. After including one-time gains, Alibaba’s net income was more than double those of its competitors.
29 August, 2014 by The TZ Newswire Staff Comments Off on China ETF drawing most funds since 2012 on stimulus bets
China ETF drawing most funds since 2012 on stimulus bets
The iShares China Large-Cap ETF has attracted a net $518 million in August, putting it on track for the biggest monthly inflow since $1.34 billion was added in December 2012. The ETF, which has Tencent Holdings Ltd. and China Mobile Ltd. among its 25 stocks, reached an 18-month high on Aug. 13 after rallying 26 percent from a March low. The Bloomberg China-UNS Equity Index slipped 1.2 percent yesterday, cutting its advance since the end of July to 2.5 percent. The Hang Seng China Enterprises Index has risen 1.1 percent this year after slumping 5.4 percent in 2013.
29 August, 2014 by The TZ Newswire Staff Comments Off on Russian fund with US advisers eludes sanctions
Russian fund with US advisers eludes sanctions
As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the …
29 August, 2014 by The TZ Newswire Staff Comments Off on Asia stocks drift, Tokyo steadies after weak data
Asia stocks drift, Tokyo steadies after weak data
Asian stock markets drifted Friday following Japanese data showing that the region’s second biggest economy is struggling to recover from a sales tax hike.