29 September, 2014 by The TZ Newswire Staff Comments Off on London Markets: Next drops in London as warm weather hurts sales
London Markets: Next drops in London as warm weather hurts sales
Shares of Next fall in London on Tuesday following a profit warning from the clothing retailer, but Royal Bank of Scotland shares pop higher after a trading update.
29 September, 2014 by The TZ Newswire Staff Comments Off on Vanguard, BlackRock may reap billions from Pimco after Gross exit
Vanguard, BlackRock may reap billions from Pimco after Gross exit
NEW YORK/BOSTON – Vanguard Group and BlackRock Inc (BLK.N) could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated “Bond King” of U.S. His new company, Janus Capital Group Inc (JNS.N), may see Gross’s cachet attract tens of billions of dollars, investors and analysts said. During the year ended Aug. 31, investors made $64.7 billion in net withdrawals from Pimco funds, according to research firm Morningstar Inc. Those outflows will likely accelerate with Gross’s departure.
29 September, 2014 by The TZ Newswire Staff Comments Off on Netflix to shake up movies with ‘Crouching Tiger 2’
Netflix to shake up movies with ‘Crouching Tiger 2’
Netflix is to release its first movie — a sequel to the classic “Crouching Tiger, Hidden Dragon.”
29 September, 2014 by The TZ Newswire Staff Comments Off on Apple’s EU tax problems: What you need to know
Apple’s EU tax problems: What you need to know
The European Commission has confirmed it believes Apple and Ireland breached guidelines on state aid over Apple’s Irish tax arrangements.
29 September, 2014 by The TZ Newswire Staff Comments Off on Futures Movers: Oil stays rangebound; Brent-WTI spread narrows further
Futures Movers: Oil stays rangebound; Brent-WTI spread narrows further
Oil remains rangebound, as one analyst says crude prices could be ‘overhyped’ as Libya supply is still rising.
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29 September, 2014 by The TZ Newswire Staff Comments Off on Currencies: Dollar tad lower against yen as investors await ECB, U.S. data
Currencies: Dollar tad lower against yen as investors await ECB, U.S. data
The dollar edged lower against the yen, and is not likely to hit the ¥110 threshold until the ECB meeting and big data coming later this week, say strategists.
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29 September, 2014 by The TZ Newswire Staff Comments Off on Asia stocks unsettled by HK, sluggish China factories
Asia stocks unsettled by HK, sluggish China factories
Asian markets were in hesitant mood on Tuesday as investors wondered what China’s response would be to civil unrest in Hong Kong, while the U.S. Tens of thousands of pro-democracy protesters blocked Hong Kong streets on Tuesday, in one of the biggest political challenges to Beijing since the Tiananmen Square crackdown 25 years ago. The unrest was an added complication for investors amid long-standing concerns about the health of China’s economy.