9 November, 2014 by The TZ Newswire Staff Comments Off on "Brutally Callous" Emails Show GM Ordered New Ignition Switches Months Before Alerting Regulators
"Brutally Callous" Emails Show GM Ordered New Ignition Switches Months Before Alerting Regulators
Despite testifying that she wasn’t informed of the deadly ignition-switch problem until late December 2013, The Wall Street Journal reports that, according to emails it has obtained, GM ordered a half-million replacement ignition switches almost two months before it alerted federal safety regulators to any problems. Who was in charge of GM purchasing at this time? Mary Barra.
9 November, 2014 by The TZ Newswire Staff Comments Off on Asia stocks mixed; China rallies on Stock Connect news
Asia stocks mixed; China rallies on Stock Connect news
Asian markets titled lower on the first trading day of the week after Friday’s tepid U.S. session. A round of data on China’s economy was in focus.
9 November, 2014 by The TZ Newswire Staff Comments Off on Alibaba’s Jack Ma: Not your average Internet mogul
Alibaba’s Jack Ma: Not your average Internet mogul
Jack Ma — now one of the world’s richest people — is very different from most Internet chiefs you’ll encounter. For one, he’s never written a line of code, or sold a product.
9 November, 2014 by The TZ Newswire Staff Comments Off on American Airlines crew reject union contract
American Airlines crew reject union contract
WASHINGTON (AP) — Flight attendants at American Airlines rejected a five-year contract Sunday, forcing the world’s largest carrier and its union for cabin-crew workers into binding arbitration.
9 November, 2014 by The TZ Newswire Staff Comments Off on Biggest NY subway hub opens; expects 300,000 daily
Biggest NY subway hub opens; expects 300,000 daily
NEW YORK (AP) — “We did it!”
9 November, 2014 by The TZ Newswire Staff Comments Off on Asian shares firm after sound U.S. data
Asian shares firm after sound U.S. data
Asian shares gained on Monday after U.S. jobs data pointed to solid economic growth, with Hong Kong leading the gains after regulators set a date for long-awaited trading link the between the Hong Kong …
9 November, 2014 by The TZ Newswire Staff Comments Off on Chinese Yuan Fix Drops By Most Since End Of QE1, Strongest Since March
Chinese Yuan Fix Drops By Most Since End Of QE1, Strongest Since March
Following Friday’s notable weakness in USDCNY (the biggest drop in the market rate since March and an abrupt change of recent trend), and trade data this weekend, the PBOC appears to have decided to try and put a stop to any weakness and smashed the USDCNY Fix lower by 0.37% – its biggest ‘stronger CNY’ adjustment since 2010 – when the Fed initially ended QE1 (and 2nd biggest shift since Lehman).