15 January, 2015 by The TZ Newswire Staff Comments Off on Ocean life faces mass extinction: Study
Ocean life faces mass extinction: Study
Groundbreaking analysis has concluded that humans are on the verge of causing unprecedented damage to ocean life.
15 January, 2015 by The TZ Newswire Staff Comments Off on No risk of ‘deflation spiral’: German minister
No risk of ‘deflation spiral’: German minister
Despite data showing that the euro zone has slid into deflation, Germany’s deputy finance minister dismissed fears of a downward spiral of prices.
15 January, 2015 by The TZ Newswire Staff Comments Off on Asia shares slide as Swiss move heightens volatility
Asia shares slide as Swiss move heightens volatility
MSCI’s broadest index of Asia-Pacific shares outside Japan shed about 0.4 percent. Chinese stocks were one bright spot in Asia, with the Shanghai Composite Index gaining 0.9 percent.
15 January, 2015 by The TZ Newswire Staff Comments Off on Unfazed by market swings, Fed sticks to mid-2015 hike scenario
Unfazed by market swings, Fed sticks to mid-2015 hike scenario
Interviews with senior Fed officials and advisors suggest they remain confident the U.S. economy will be ready for a modest policy tightening in the June-September period, while any subsequent rate hikes will probably be slow and depend on how markets will behave. While they are hard-pressed to explain why bond yields have fallen so low, their confidence in the recovery stems in part from in-house analysis that shows falling oil prices are clearly positive for the U.S. economy.
15 January, 2015 by The TZ Newswire Staff Comments Off on Alibaba in major initiative to court China consumer for U.S. retailers
Alibaba in major initiative to court China consumer for U.S. retailers
SAN FRANCISCO/BEIJING/SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd (BABA.N) plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China’s vast and growing middle class. Anchored by Alipay, the dominant Chinese electronic payments system that works closely with Alibaba and is controlled by its executives, the world’s largest Internet retailer is using the calling card of China’s consumers to attract U.S. partners, two sources close to the company told Reuters.
15 January, 2015 by The TZ Newswire Staff Comments Off on Brent holds above $48, few analysts see quick recovery
Brent holds above $48, few analysts see quick recovery
Brent futures edged higher on Friday, holding above $48 a barrel on positive technical price momentum, although few analysts expect a strong rebound anytime soon as global output continues to outweigh demand. “Our forecast seems to point towards a consolidation stage in the weeks to come,” Phillip Futures said in a note. Benchmark Brent crude futures were trading at $48.59 per barrel at 0435 GMT, up 32 cents since their last settlement.
15 January, 2015 by The TZ Newswire Staff Comments Off on U.S. probed Mt. Gox CEO as possible Silk Road mastermind: agent
U.S. probed Mt. Gox CEO as possible Silk Road mastermind: agent
A U.S. agent investigating Silk Road told jurors at a trial of accused operator Ross Ulbricht that he believed in 2013 that the former chief of the Mt. Gox bitcoin exchange, Mark Karpeles, may have been the mastermind behind the black market website. Ulbricht’s lawyer Joshua Dratel pointed to Karpeles, who was CEO of Mt. Gox.