7 September, 2014 by The TZ Newswire Staff Comments Off on Why Is American Express Teaming Up With Apple?
Why Is American Express Teaming Up With Apple?
It’s easy to see why Apple would want to build a huge mobile payments network, but what’s in it for American Express?
7 September, 2014 by The TZ Newswire Staff Comments Off on Revised data show Japan second-quarter GDP shrank more than expected
Revised data show Japan second-quarter GDP shrank more than expected
Japan’s economy shrank an annualized 7.1 percent in April-June from the previous quarter, more than a preliminary estimate, underscoring concerns the hit from an April increase in the sales tax may have been bigger than expected. The revised contraction was the biggest since January-March 2009, when the global financial crisis hit Japan’s exports and factory output, keeping policymakers under pressure to expand fiscal and monetary stimulus should the economy fail to recover from the disruption of the April tax hike.
7 September, 2014 by The TZ Newswire Staff Comments Off on Sterling skids on Scotland worries, China data in focus
Sterling skids on Scotland worries, China data in focus
Sterling slumped amid worries about political uncertainty after a poll showed supporters of Scottish independence from Britain taking the lead.
7 September, 2014 by The TZ Newswire Staff Comments Off on JPMorgan Stunner: "The Current Episode Of Excess Liquidity Is The Most Extreme Ever"
JPMorgan Stunner: "The Current Episode Of Excess Liquidity Is The Most Extreme Ever"
Curious why everything is being bought in the aftermath of last week’s ECB’s unprecedented announcement, and both bonds and stocks are either at or just shy of record highs ignoring completely the worst US nonfarm payroll print of 2014? JPM’s Nikolaos Panigirtzoglou explains why.
From “The ECB’s liquidity boost”, here first is the background on where in the global central bank central-planning experiment we stand right now:
7 September, 2014 by The TZ Newswire Staff Comments Off on OMGodzilla! Japanese Macro Data Revisions Even More Disastrous Than Expected
OMGodzilla! Japanese Macro Data Revisions Even More Disastrous Than Expected
If the US equity market’s reaction to the worst jobs data of 2014 is anything to go on; Japanese stocks should be a double overnight given the catastrophe that just printed. While the initial prints for the post-tax-hike period were bad enough (record worst levels in most cases), the revsions are even worse. Drum roll please: 1) Trade balance miss, worst in 4 months; 2) GDP -7.1% miss, revised down, worst since Q1 2009; 3) Business Spending/Capex -5.1% miss, revised down, worst since Q2 2009; and 4) Consumer Spending -5.3% miss, revised down, worst on record.
7 September, 2014 by The TZ Newswire Staff Comments Off on Alibaba who? US investors not that interested
Alibaba who? US investors not that interested
Several advisers said they had expected a scramble from clients. But the phone has not been ringing off the hook.
