1 October, 2014 by The TZ Newswire Staff Comments Off on Russian leaders: Let’s get our own economy in order
Russian leaders: Let’s get our own economy in order
Russia’s relatively pro-market economic “liberal” faction may be gaining the upper hand in the struggle for control of the country’s moribund economy.
1 October, 2014 by The TZ Newswire Staff Comments Off on Renault aims to reclaim lost ground with minivan turned SUV
Renault aims to reclaim lost ground with minivan turned SUV
The minivan is dead, long live the SUVan. Renault has revamped the elderly Espace people carrier as a crossover sport utility vehicle as it seeks to relive the marque’s past glories. Illustrating a market shift to more rugged-looking vehicles, the fifth Espace – smaller than its predecessors but still gargantuan by European standards – made its debut at the Paris auto show on Thursday, 30 years after the first model was unleashed on European consumers who hadn’t yet realized they wanted one.
1 October, 2014 by The TZ Newswire Staff Comments Off on Futures Movers: Oil futures drop below $90 to 17-month low
Futures Movers: Oil futures drop below $90 to 17-month low
Crude-oil futures continue to slide on Thursday as news that Saudi Arabia cut its selling price continued to spook investors.
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1 October, 2014 by The TZ Newswire Staff Comments Off on Nikkei Plunges 420 Points, Topix Tumbles 3%, Most Since March
Nikkei Plunges 420 Points, Topix Tumbles 3%, Most Since March
Define irony. Literally hours after financial entertainment outlet CNBC wrote an article in which it said that “As fourth quarter kicks off, there’s one market in Asia that has investors excited: Japan” the Nikkei crashed.
First, some more humor from CNBC, which quotes JPM who apparently does not realize that crushing your currency to generate nominal gains is a zero sum game, and instead of pitching Japan as the next big thing, he should be focusing on the “upside” in Venezuela or Argentina:
1 October, 2014 by The TZ Newswire Staff Comments Off on Ford CEO denies lulled into false sense of security
Ford CEO denies lulled into false sense of security
After ripping up profit forecasts and seeing soft September U.S. sales data, the CEO of the Ford Motor Company has hit back at critics.
1 October, 2014 by The TZ Newswire Staff Comments Off on Goldman tops M&A league, tax inversion deals soar
Goldman tops M&A league, tax inversion deals soar
Goldman Sachs led the way in global deal-making in the first nine months of 2014, advising on 30.7 percent of all mergers and acquisitions.
1 October, 2014 by The TZ Newswire Staff Comments Off on Currencies: Dollar falls against yen as risk sentiment weakens
Currencies: Dollar falls against yen as risk sentiment weakens
The dollar fell against the yen in Asia trade Thursday, as fears over the global economy pushed down stock markets and prompted an adjustment of the greenback following the rapid gains of recent days.
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