26 January, 2015 by The TZ Newswire Staff Comments Off on Ocwen calls investor claims baseless
Ocwen calls investor claims baseless
The investors claim that Ocwen performed worse than other servicers each year from 2009 through 2013 and that the trusts suffered losses of more than $1 billion because of the company’s deficient performance, according to a copy of the notice reviewed by Reuters. The investor group’s claims stem from its special interests and are not in the best interests of the trusts as a whole, a lawyer for Ocwen said in a letter dated Jan. 26.
26 January, 2015 by The TZ Newswire Staff Comments Off on Petrobras may book $20 billion asset write-down: Veja magazine blog
Petrobras may book $20 billion asset write-down: Veja magazine blog
Brazilian state-controlled oil company Petróleo Brasileiro SA could take a charge of about 52 billion reais ($20 billion) in its delayed third-quarter results to reduce the value of some assets, a Veja magazine blog said on Monday. The impairment equals 42 percent of the market value of Petrobras (PETR4.SA), as the company is known, Veja’s Mercados blog said, citing sources close to the company. Petrobras faces limited access to financial markets as a result of the scandal and falling oil prices.
26 January, 2015 by The TZ Newswire Staff Comments Off on S&P downgrades Russia’s sovereign credit rating to ‘junk’
S&P downgrades Russia’s sovereign credit rating to ‘junk’
Ratings agency S&P cut Russia’s sovereign credit rating to junk status on Monday, bringing it below investment grade for the first time in a decade. Warning of difficult times ahead for Russia’s economy, S&P said it had cut the rating from BBB- to BB+ and that Russia’s economic growth prospects, hit by low oil prices and Western sanctions over the Ukraine crisis, had worsened.
26 January, 2015 by The TZ Newswire Staff Comments Off on The Margin: China’s beloved national lottery suspected of massive fraud
The Margin: China’s beloved national lottery suspected of massive fraud
China loves its national lottery, but now some very suspicious goings-on with the game has ignited a scandal that’s capturing the country’s attention.
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26 January, 2015 by The TZ Newswire Staff Comments Off on Americans hate the federal government now more than ever
Americans hate the federal government now more than ever
According to a new report, our satisfaction with the federal government has hit an all-time low
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26 January, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Blizzard bears down on U.S. Northeast
The Wall Street Journal: Blizzard bears down on U.S. Northeast
A dangerous winter storm bearing down on the Northeast threatens to blast the region with up to 3 feet of snow and hurricane-force winds that are expected to bring travel and commerce to a standstill and could leave hundreds of thousands without power.
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26 January, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Greece, Europe dig in on bailout terms after Syriza victory
The Wall Street Journal: Greece, Europe dig in on bailout terms after Syriza victory
Greece and its creditors veer toward confrontation as its new, leftist government pledges to make good on promises to reverse years of public-spending cuts despite warnings that doing so could plunge the country, and Europe, into deeper crisis.
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