8 February, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil prices volatile after weak China trade data, rig-count drop
Futures Movers: Oil prices volatile after weak China trade data, rig-count drop
Crude prices drop Monday after last week gains as investors weigh up news of further rig-count drops and weak Chinese trade data.
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8 February, 2015 by The TZ Newswire Staff Comments Off on Metals Stocks: Gold rebounds after last week’s retreat
Metals Stocks: Gold rebounds after last week’s retreat
Gold prices bounced back on Monday after investors last week showed an increasing appetite for riskier assets.
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8 February, 2015 by The TZ Newswire Staff Comments Off on G-20 chiefs plea for ‘cooler heads’ in Greek crisis
G-20 chiefs plea for ‘cooler heads’ in Greek crisis
The brewing crisis over Greece’s debt and the country’s future in the euro zone is expected to dominate the latest G-20 summit in Istanbul.
8 February, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar flat against yen as investors cash in on recent gains
Currencies: Dollar flat against yen as investors cash in on recent gains
The dollar flattens out as investors take profits in the wake of last weeks’ jobs data.
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8 February, 2015 by The TZ Newswire Staff Comments Off on Is This Who Is Managing EURUSD "Turmoil" Tonight?
Is This Who Is Managing EURUSD "Turmoil" Tonight?
With SNB’s Danthine having proclaimed last week that, despite allowing Swissy to free-float again (with a soft corridor from 1.05 – 1.10), that “the SNB remains ready to intervene on foreign exchange markets” one could be forgiven for thinking that the Swiss National Bank is at it again tonight.
8 February, 2015 by The TZ Newswire Staff Comments Off on U.S. companies may not be fleeing due to high tax rate, Reuters analysis shows
U.S. companies may not be fleeing due to high tax rate, Reuters analysis shows
When a series of big U.S. companies last year moved to reincorporate abroad in inversion deals, some Republican lawmakers and tax policy critics blamed the high U.S. corporate tax rate. The average effective tax rate for the six companies was 20.3 percent for 2011-2013, Reuters found, using an estimation method reviewed by tax experts that was based on public data for U.S. profits and U.S. taxes. The Reuters analysis suggests that the surge in inversion transactions may not have had much to do with the statutory corporate income tax.
8 February, 2015 by The TZ Newswire Staff Comments Off on Strong dollar vexes mid-sized U.S. exporters, local demand helps
Strong dollar vexes mid-sized U.S. exporters, local demand helps
First thing every morning Bill Hickey turns on the TV to see where the U.S. dollar is trading in the hope it has lost value against the euro and other currencies. “And there it is, staring you right in the face,” says Hickey, president of Chicago-based steel company Lapham-Hickey Steel, about the dollar’s continued strength.