27 January, 2015 by The TZ Newswire Staff Comments Off on Superyacht industry may run aground on weak ruble
Superyacht industry may run aground on weak ruble
Just as the superyacht industry recovers, it sails into another storm as rich Russians, hit by the weak ruble, could put off buying.
27 January, 2015 by The TZ Newswire Staff Comments Off on Obama and Saudi king discuss Iran and energy
Obama and Saudi king discuss Iran and energy
U.S. President Barack Obama met with Saudi Arabia’s King Salman to pay respects to the late King Abdullah.
27 January, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar rises against yen ahead of FOMC
Currencies: Dollar rises against yen ahead of FOMC
Ahead of a Fed decision, the dollar tracks higher against the yen, but analysts say markets are looking for a new reason to push the greenback any higher.
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27 January, 2015 by The TZ Newswire Staff Comments Off on Global shares resilient as investors pin hopes on Fed; Apple outperforms
Global shares resilient as investors pin hopes on Fed; Apple outperforms
Asian stocks showed some resilience on Wednesday as investors speculated whether the Federal Reserve could take a dovish turn in its post-meeting statement later in the session, amid signs a stronger dollar …
27 January, 2015 by The TZ Newswire Staff Comments Off on Microsoft stock punished as concerns multiply
Microsoft stock punished as concerns multiply
“The results weren’t that bad,” said Scott Kessler, an analyst at Standard & Poor’s Capital IQ. The panoply of Microsoft’s problems included an unexpectedly soggy PC market after a buying rush sparked by the end of Windows XP, an ongoing dip in companies’ spending on Office software, problems in Japan and China and a strong U.S. dollar eating away at the value of its huge overseas revenues.
27 January, 2015 by The TZ Newswire Staff Comments Off on Yahoo sets Alibaba stake spinoff plan, shares jump
Yahoo sets Alibaba stake spinoff plan, shares jump
Yahoo Inc (YHOO.O) plans to spin off its 15 percent stake in China’s Alibaba Group Holding Ltd (BABA.N), responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion. Shares of Yahoo rose about 7 percent to $51.45 in after-hours trading on Tuesday, following the tax-free spinoff announcement and earnings which just beat analysts forecasts even as its revenues slightly lagged estimates.
27 January, 2015 by The TZ Newswire Staff Comments Off on Apple iPhone sales trample expectations as profit sets global record
Apple iPhone sales trample expectations as profit sets global record
Apple’s cash pile is now $178 billion, enough to buy IBM (IBM.N) or the equivalent to $556 for every American. Apple Chief Executive Officer Tim Cook said the Cupertino, California-based company would release its next product, the Apple Watch, in April. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China than the United States, despite some earlier predictions by research analysts.