10 September, 2014 by The TZ Newswire Staff Comments Off on Ana Botin succeeds dad at Santander, now Europe’s top female banker
Ana Botin succeeds dad at Santander, now Europe’s top female banker
Ana Patricia Botin, named chairman of Banco Santander SA, becomes the most powerful woman in European banking, succeeding her father a day after his death. Santander’s board today named Botin, 53, to the top executive post at Europe’s second-biggest bank by market value in a unanimous vote. Botin, who is giving up her post as chief executive officer of Santander’s U.K. business, replaces her father Emilio who died of a heart attack at the age of 79.
10 September, 2014 by The TZ Newswire Staff Comments Off on Is income inequality hitting a tipping point?
Is income inequality hitting a tipping point?
University of Toronto business professor Roger Martin says the current “talent-based” economy is creating more income inequality in America.
10 September, 2014 by The TZ Newswire Staff Comments Off on Apple leads market higher, energy weighs
Apple leads market higher, energy weighs
U.S. stocks were higher in late afternoon trading on Wednesday, helped by a rebound in Apple stock. Boosting both the S&P 500 and Nasdaq, Apple shares were up 2.5 percent. It was the most actively traded stock on the Nasdaq after at least six brokerages raised their price targets on the stock.
10 September, 2014 by The TZ Newswire Staff Comments Off on Scottish "No" Poll Sends Nasdaq Green On Week
Scottish "No" Poll Sends Nasdaq Green On Week
Today’s v-shaped recovery in US equities was brought to you by the number 107 (USDJPY target) and the words “Scottish poll” which showed a majority of “no”s this afternoonScottish “No” Poll Sends Nasdaq Green On Week. Early weakness in stocks (but not in Treasuries) reversed almost perfectly as Europe closed and JPY started to ramp towards the next logical stop run at 107.00. Nasdaq led the way (as AAPLites swept back in) and pushed into the green for the week (while the rest are still red).
10 September, 2014 by The TZ Newswire Staff Comments Off on The Curse Of Cristina Kirchner?
The Curse Of Cristina Kirchner?
We don’t know if Paul Singer believes in karma or what-goes-around-comes-around or South American witchcraft. What we do know is that immediately after forcing Argentina into default, his hedge fund’s worst month in five years dawned. Oh yea, by the way? Paul Singer’s worst month in five years was a 0.8% drawdown. So he’s probably…
10 September, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Regulators weigh rules for dark pools, computer trading
The Wall Street Journal: Regulators weigh rules for dark pools, computer trading
Market regulators are considering imposing additional steps to require greater transparency and disclosures by private trading platforms and heightened oversight of computerized trading strategies.
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10 September, 2014 by The TZ Newswire Staff Comments Off on Commodities tomorrow: Oil crushed
Commodities tomorrow: Oil crushed
CNBC’s Jackie DeAngelis discusses the day’s activity in the commodities markets.