16 November, 2014 by The TZ Newswire Staff Comments Off on China’s stock market cracks open
China’s stock market cracks open
The Shanghai-HK stock connect got under way Monday, a sea change that will crack open China’s A-share market, potentially ending its long downturn.
16 November, 2014 by The TZ Newswire Staff Comments Off on 25% Of Americans Prefer Socialism Over Capitalism
25% Of Americans Prefer Socialism Over Capitalism
While Americans are preached that “free market capitalism is the best path to prosperity,” it appears that not everyone is buying it. Whether it is the failure of prosperity to trickle down (and the inequality that has been created) or just the herd-like need to be told what to do (and never take risks), Pew Research finds a stunning 25% of Americans do not believe people are better off in a free market system – implicitly preferring centrally-planned lives.
16 November, 2014 by The TZ Newswire Staff Comments Off on Abenomics, what? Japan slides into recession
Abenomics, what? Japan slides into recession
Japan, the world’s No. 3 economy, unexpectedly slid into a recession in the third quarter as a sales-tax hike took a toll on consumption.
16 November, 2014 by The TZ Newswire Staff Comments Off on Reports: Actavis nears $66B deal to buy Allergan
Reports: Actavis nears $66B deal to buy Allergan
By Olivia Oran and Svea Herbst-Bayliss (Reuters) – Allergan Inc (AGN.N) is close to a buyout deal worth up to $65.5 billion (41.80 billion pounds) by Actavis Plc (ACT.N), one that could end months of pursuit …
16 November, 2014 by The TZ Newswire Staff Comments Off on Tokyo shares, yen skid as Japan slips into recession
Tokyo shares, yen skid as Japan slips into recession
Japanese stocks slipped on Monday and the yen stumbled to a fresh seven-year low against the dollar after data showed Japan’s GDP unexpectedly shrank in the third quarter, throwing the world’s third-biggest …
16 November, 2014 by The TZ Newswire Staff Comments Off on Japan slips into surprise recession, paves way for tax delay, snap poll
Japan slips into surprise recession, paves way for tax delay, snap poll
Japan’s economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election just two years after …
16 November, 2014 by The TZ Newswire Staff Comments Off on Craig Stephen’s This Week in China: China Stock Connect opens up risky currency bet
Craig Stephen’s This Week in China: China Stock Connect opens up risky currency bet
Anyone holding Hong Kong dollars will now be able to convert as much as they like into Chinese yuan.