19 January, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Why Viacom is looking to India for a new TV audience
The Wall Street Journal: Why Viacom is looking to India for a new TV audience
The U.S.
19 January, 2015 by The TZ Newswire Staff Comments Off on Malaysia caught in an ‘oil spill’: CIMB
Malaysia caught in an ‘oil spill’: CIMB
Song Seng Wun, Regional Economist at CIMB, expects Malaysia to prioritize social spending over infrastructure amid plunging oil prices and describes the outlook for the Malaysian ringgit.
19 January, 2015 by The TZ Newswire Staff Comments Off on China posts slowest growth in 24 years, more support measures seen
China posts slowest growth in 24 years, more support measures seen
BEIJING/SHANGHAI (Reuters) – China’s economy grew at its slowest pace in 24 years in 2014 as a cooling property market weighed on demand and is expected to lose more momentum this year, keeping pressure on policymakers to head off a sharper downturn. China’s economy grew 7.4 percent in 2014, official data showed on Tuesday, barely missing its official 7.5 percent target but the slowest since 1990.
19 January, 2015 by The TZ Newswire Staff Comments Off on Asia relieved by China growth
Asia relieved by China growth
Asian markets breathed a sigh of relief on Tuesday after China reported its economy had not slowed as far as many had feared, a rare glint of brightness amid gloom over the global outlook. The IMF tried to snuff out even that by trimming its forecast for 2015 world growth by three tenths of a percent to 3.5 percent, blaming weakness in Japan and Europe. In the end investors seemed thankful that China’s growth of 7.3 percent at least managed to pip forecasts of 7.2 percent, while retail sales and industrial production both ran ahead of predictions in December.
19 January, 2015 by The TZ Newswire Staff Comments Off on Oil markets dip on weak China GDP data
Oil markets dip on weak China GDP data
Oil markets dipped on Tuesday as China’s economic growth for 2014 undershot a government target and hit its weakest annual expansion in 24 years, adding to worries in energy markets already suffering from slowing demand and oversupply. The world’s second-largest economy grew 7.4 percent last year, China’s National Bureau of Statistics said, less than the target of 7.5 percent. Brent crude was trading at $48.80 per barrel at 11.03 p.m. ET, down just four cents since their last settlement, while U.S. crude was trading down $1.24 at $47.45 a barrel.
19 January, 2015 by The TZ Newswire Staff Comments Off on IMF cuts global growth outlook, calls for accommodative policy
IMF cuts global growth outlook, calls for accommodative policy
The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth. “New factors supporting growth, lower oil prices, but also depreciation of euro and yen, are more than offset by persistent negative forces, including the lingering legacies of the crisis and lower potential growth in many countries,” Olivier Blanchard, the IMF’s chief economist, said in a statement.
19 January, 2015 by The TZ Newswire Staff Comments Off on Ottawa bars use of ‘Buy America’ rules at ferry project in Canada
Ottawa bars use of ‘Buy America’ rules at ferry project in Canada
The Canadian government signed an order on Monday blocking the United States from applying controversial “Buy America” purchasing rules on the demolition and reconstruction of a ferry terminal that is located on Canada’s Pacific Coast but operated by Alaska’s Department of Transportation. The state of Alaska has refused to waive the provisions for the $15 million rebuild of the Prince Rupert, British Columbia, ferry terminal although the project is solidly in Canadian territory.