12 October, 2014 by The TZ Newswire Staff Comments Off on China Sept vehicle sales growth slowest in 19 months
China Sept vehicle sales growth slowest in 19 months
China’s September auto sales rose 2.5 percent from a year earlier, its slowest pace in 19 months, dragged down by sluggish sales of commercial vehicles such as trucks, an industry association said on Monday. …
12 October, 2014 by The TZ Newswire Staff Comments Off on IMF launches consultations on Islamic finance
IMF launches consultations on Islamic finance
Islamic finance, with its core markets in the Middle East and southeast Asia, is under growing regulatory scrutiny as it takes a greater share of the banking sector in some Muslim-majority countries and makes inroads in Western markets. The nine-member external advisory group includes industry bodies such as the Malaysia-based Islamic Financial Services Board and the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions.
12 October, 2014 by The TZ Newswire Staff Comments Off on How Apple prompted this country’s downgrade
How Apple prompted this country’s downgrade
Finland’s prime minister suggested on Monday that Apple could be to blame for the demise of its two biggest industries.
12 October, 2014 by The TZ Newswire Staff Comments Off on Buffett rolls out the Berkshire Hathaway brand
Buffett rolls out the Berkshire Hathaway brand
Warren Buffett plans to license the Berkshire Hathaway name to estate agencies in Europe and Asia, the FT reports.
12 October, 2014 by The TZ Newswire Staff Comments Off on Futures Movers: Oil drops despite positive China trade data
Futures Movers: Oil drops despite positive China trade data
Crude swings sharply lower on Monday, getting no lift from upbeat China trade data.
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12 October, 2014 by The TZ Newswire Staff Comments Off on Metals Stocks: Gold in rally mode as equities get pinched
Metals Stocks: Gold in rally mode as equities get pinched
Gold prices caught an updraft as traders headed toward the equity exits to kick off a heavy week of corporate earnings.
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12 October, 2014 by The TZ Newswire Staff Comments Off on Statoil exits Shah Deniz with $2.25 billion sale to Petronas
Statoil exits Shah Deniz with $2.25 billion sale to Petronas
Norway’s Statoil (STL.OL) has sold its remaining 15.5 percent stake in the Shah Deniz gas project in Azerbaijan to Malaysia’s Petronas [PETRA.UL] for $2.25 billion as part of asset sales to shore up returns to shareholders. Like other oil majors, Statoil has been selling assets to protect margins eaten up by rising costs and, in recent weeks, falling oil prices. It earlier sold a 10 percent stake in Shah Deniz. Monday’s deal also includes Statoil’s stakes in a South Caucasus pipeline company and two other firms.