23 September, 2014 by The TZ Newswire Staff Comments Off on London Markets: Rio Tinto bucks downbeat mood in London after upgrade
London Markets: Rio Tinto bucks downbeat mood in London after upgrade
Shares of Rio Tinto climb in London on Wednesday after a broker upgrade, bucking a broader negative trend in the U.K.
23 September, 2014 by The TZ Newswire Staff Comments Off on Asia stocks edgy on geopolitical woes, Europe set to falter
Asia stocks edgy on geopolitical woes, Europe set to falter
U.S. air strikes in Syria left Asian stock markets jaded on Wednesday, setting the stage for another soft session for European shares. The dollar was kept in check after U.S. yields fell on geopolitical …
23 September, 2014 by The TZ Newswire Staff Comments Off on Aircraft lessors wary as new rivals crowd into aviation
Aircraft lessors wary as new rivals crowd into aviation
Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy. Deterred by poor returns elsewhere as interest rates remain at rock bottom, new money has been pouring into aviation in the hope of capturing greater profits thanks to a combination of ample liquidity and demand for jets.
23 September, 2014 by The TZ Newswire Staff Comments Off on Walgreen explores sale of $1.5 billion infusion business: sources
Walgreen explores sale of $1.5 billion infusion business: sources
The Deerfield, Illinois-based company has hired Bank of America Corp (BAC.N) to run a sale process for Walgreens Infusion Services, which has already attracted interest from private equity firms, the people said this week. On offer is a controlling stake of just over 50 percent in Walgreens Infusion Services, which has annual earnings before interest, tax, depreciation and amortization of around $105 million, one of the people added. Walgreen declined to comment while a Bank of America spokesman did not respond to a request for comment.
23 September, 2014 by The TZ Newswire Staff Comments Off on Report: SEC probes PIMCO Total Return ETF
Report: SEC probes PIMCO Total Return ETF
Securities and Exchange Commission’s probe into the $3.6 billion (2.19 billion pounds) Pimco Total Return Exchange-Traded Fund (BOND.P) has been going on for at least a year, but has picked up pace in recent weeks, the Wall Street Journal reported on Tuesday, citing unnamed sources. The SEC’s probe is looking into how the ETF bought and then valued its investments in bonds and whether that led to inaccurate information about the fund’s actual performance being given to investors, the Journal reported.
23 September, 2014 by The TZ Newswire Staff Comments Off on Asia equities mixed; Shanghai rallies to more than 1-year high
Asia equities mixed; Shanghai rallies to more than 1-year high
Asian stocks were mixed on Wednesday amid concerns about global growth and renewed unrest in the Middle East.
23 September, 2014 by The TZ Newswire Staff Comments Off on GM expects to sell 3M cars in China in 2014
GM expects to sell 3M cars in China in 2014
General Motors Co (GM.N) expects to sell over three million vehicles in China for the second straight year in 2014, with its premium brand forecast to grow 40 percent, the U.S. Tsien identified luxury, SUV and compact cars as GM’s three focus areas of growth in China, reiterating plans to launch 60 new and upgraded models through 2018 in the world’s biggest market. “Cadillac certainly has momentum here in this country.