28 January, 2015 by The TZ Newswire Staff Comments Off on Metals Stocks: Gold stays in the red after Fed meeting
Metals Stocks: Gold stays in the red after Fed meeting
Gold failed to keep its momentum after getting slight bump in the immediate aftermath of the Federal Reserve’s statement.
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28 January, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar higher against yen on month-end dip buying
Currencies: Dollar higher against yen on month-end dip buying
Japanese corporate investors pick up dollar as the month draws to an end, boosting the dollar.
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28 January, 2015 by The TZ Newswire Staff Comments Off on Shell shares slide as it reveals $15B of cuts
Shell shares slide as it reveals $15B of cuts
ORoyal Dutch Shell shares fell after the oil company missed profit expectations and announced a $15 billion cut in spending.
28 January, 2015 by The TZ Newswire Staff Comments Off on China amazed as Alibaba fights publicly with regulator
China amazed as Alibaba fights publicly with regulator
The unusual public brawl between a Chinese regulator and Alibaba over the sale of counterfeit goods is intensifying, as the company and government engage in an escalating war of words.
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28 January, 2015 by The TZ Newswire Staff Comments Off on Fed outlook and Greece worries hit stocks, dollar up
Fed outlook and Greece worries hit stocks, dollar up
Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world’s largest economy and signaled it was on track to raise interest rates this year. The stronger dollar helped push U.S. oil prices to six-year lows and weighed on the price of gold. The Fed, after a two-day policy meeting, also said it would be “patient” and would take international developments into account in deciding when to raise borrowing costs — a reference some in the markets saw as meaning any hike could be delayed.
28 January, 2015 by The TZ Newswire Staff Comments Off on Facebook tops Wall Street revenue target in fourth quarter
Facebook tops Wall Street revenue target in fourth quarter
Facebook Inc’s (FB.O) revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world’s largest Internet social network beat Wall Street’s targets for earnings and sales. Facebook shares fell about 2.6 percent in after-hours trade after vacillating above and below the closing price. Facebook’s business has boomed thanks to its mobile ads for smartphones and tablets.
28 January, 2015 by The TZ Newswire Staff Comments Off on U.S. Air Force awards $383 million launch deal to Boeing, Lockheed venture
U.S. Air Force awards $383 million launch deal to Boeing, Lockheed venture
The U.S. Air Force on Wednesday awarded a $383 million contract for more launch services to United Launch Alliance, a joint venture of Boeing Co (BA.N) and Lockheed Martin Corp (LMT.N), bringing the total value of the contract to $4.08 billion. The Air Force said it was adding three pre-priced launches to the existing contract, including the launch of a National Reconnaissance Office satellite that privately held company Space Exploration Technologies, or SpaceX, had hoped to win. SpaceX declined comment.