8 October, 2014 by The TZ Newswire Staff Comments Off on London Markets: FTSE 100 rises for first time in three days ahead of BOE
London Markets: FTSE 100 rises for first time in three days ahead of BOE
U.K. stocks move firmly higher in early action on Thursday after a distinctly dovish tone in minutes from the U.S.
8 October, 2014 by The TZ Newswire Staff Comments Off on Metals Stocks: Fed minutes blow bullish wind beneath gold prices
Metals Stocks: Fed minutes blow bullish wind beneath gold prices
Gold prices caught an updraft from Federal Reserve minutes that showed central bankers are having some reservations about the strength of the greenback.
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8 October, 2014 by The TZ Newswire Staff Comments Off on German exports plunge by largest amount in five-and-a-half years
German exports plunge by largest amount in five-and-a-half years
German exports slumped by 5.8 percent in August, their biggest fall since the height of the global financial crisis in January 2009, in yet another sign that Europe’s largest economy is faltering amid broader euro zone weakness and crises abroad. The Federal Statistics Office said late-falling summer vacations in some German states had contributed to the fall in both exports and imports, but the figures still painted a gloomy picture for Germany following steep drops in industrial orders and output data earlier in the week.
8 October, 2014 by The TZ Newswire Staff Comments Off on Workers strike at Foxconn China factory after HP order cut: labor watchdog
Workers strike at Foxconn China factory after HP order cut: labor watchdog
BEIJING/TAIPEI (Reuters) – More than 1,000 employees went on strike at a China factory owned by Hon Hai Precision Industry Co Ltd (2317.TW), the world’s biggest electronics contract manufacturer, demanding higher wages and better benefits, a labor watchdog said on Thursday. The workers held the strike at the factory run by Foxconn, Hon Hai’s trade name, in the southwestern city of Chongqing on Wednesday, after the company “significantly” cut workers’ overtime hours in the wake of reduced orders from client Hewlett-Packard Co (HP) (HPQ.N), said U.S.-based China Labor Watch (CLW).
8 October, 2014 by The TZ Newswire Staff Comments Off on Asia Markets: Asian shares gain after Fed minutes
Asia Markets: Asian shares gain after Fed minutes
Stocks in Australia and Hong Kong lead gains in Asian markets, after the U.S.
8 October, 2014 by The TZ Newswire Staff Comments Off on Update: NovaGold’s Q3 Financials
Update: NovaGold’s Q3 Financials
8 October, 2014 by The TZ Newswire Staff Comments Off on Asian shares soar on wings of dovish Fed message
Asian shares soar on wings of dovish Fed message
Federal Reserve’s latest policy meeting showed concerns about downside risks to the global economy and about the dollar’s strength. MSCI’s broadest index of Asia-Pacific shares outside Japan , which in the previous session, touched its lowest level since March, gained 1.3 percent. “Fed officials have concerns on the impact of a strong dollar, which undermines the scenario held by some that Japanese shares will benefit from further strength in the dollar against the yen,” said Masayuki Doshida, senior market analyst in Tokyo for Rakuten Securities. The minutes of the Fed’s Sept.