1 February, 2015 by The TZ Newswire Staff Comments Off on NYPD Launches Plan to Deal With Protests: Long Rifles, Machines Guns & Extra Protective Gear
NYPD Launches Plan to Deal With Protests: Long Rifles, Machines Guns & Extra Protective Gear
1 February, 2015 by The TZ Newswire Staff Comments Off on The Tide Is Turning: Obama "Expresses Sympathy" For Greece; Lazard Says 50% Greek Haircut "Reasonable"
The Tide Is Turning: Obama "Expresses Sympathy" For Greece; Lazard Says 50% Greek Haircut "Reasonable"
The newsflow over the past several days was progressing much as expected: any time Greece demanded a bailout renegotiation (or termination), and an end to the Troika, Germany just said “Nein”, most recently on Saturday when Merkel told Hamburger Abendblatt‘s “that banks and creditors had already forgiven a considerable amount of Greece’s debt and that she rejected any further concessions.
1 February, 2015 by The TZ Newswire Staff Comments Off on Will the RBI unleash another rate cut?
Will the RBI unleash another rate cut?
Vasu Menon, Vice President, Wealth Management at OCBC, says the Reserve Bank of India could reduce its key repo rate by another 25 basis points on Tuesday, to hit its initial target of a 50 basis point cut.
1 February, 2015 by The TZ Newswire Staff Comments Off on RBA rate cut on Tuesday? UBS says not yet
RBA rate cut on Tuesday? UBS says not yet
Gareth Berry, FX Strategist at UBS, expects the Reserve Bank of Australia to shift out of its neutral policy stance at Tuesday’s meeting, but will delay the widely-anticipated rate cut until March.
1 February, 2015 by The TZ Newswire Staff Comments Off on Oil prices fall after last week’s surge, strike action
Oil prices fall after last week’s surge, strike action
Crude oil prices fell on Monday after U.S. unions called a refinery strike and traders cashed in on strong price gains last week when the market soared on a sharp drop in U.S. drilling. Brent crude oil futures were trading at $51.60 a barrel at 0440 GMT, down $1.39, while U.S. WTI futures were at $46.96, down $1.28 a barrel. This supports our view that oil prices will recover this year and average $60 per barrel for Brent,” Nomura said.
1 February, 2015 by The TZ Newswire Staff Comments Off on China January HSBC factory PMI contracts for second month
China January HSBC factory PMI contracts for second month
Activity in China’s factory sector shrank for the second straight month in January, a private business survey showed on Monday, as the new year got off to a rocky start for the world’s second-largest economy.
1 February, 2015 by The TZ Newswire Staff Comments Off on CRH to buy Lafarge, Holcim assets for 6.5 billion euros
CRH to buy Lafarge, Holcim assets for 6.5 billion euros
Irish building supplies group CRH (CRH.I) said on Sunday it had agreed to pay 6.5 billion euros for assets Lafarge (LAFP.PA) and Holcim (HOLN.VX) were obliged to sell ahead of their planned merger. CRH, which said it will fund the acquisition with cash, new debt and a 9.99 percent equity placing, beat a consortium led by Blackstone (BX.N), whom several people familiar with the matter told Reuters were also in the running.