8 February, 2015 by The TZ Newswire Staff Comments Off on Oil company CEOs likely to avoid big hit to compensation – for now
Oil company CEOs likely to avoid big hit to compensation – for now
These are nervous times at the top of North America’s oil companies. Executives are trying to cope with the plunge in oil prices and are slashing costs as they watch earnings and revenue drop. Their own compensation, though, may not yet be on the chopping block. According to compensation consultants and some investors, the mostly generous packages executives were receiving when the oil price was much higher, and the U.S. shale oil boom was roaring away, are in most cases going to survive – at least for awards based on their performance in 2014.
8 February, 2015 by The TZ Newswire Staff Comments Off on Best party mood for oil traders since 2008 price crash
Best party mood for oil traders since 2008 price crash
The oil price crash has meant slashed budgets, staff layoffs and mothballed projects for big producers, but oil traders will celebrate their best market for years this week. “There is a lot of spare capacity in the U.S. and some geographical rebalancing still remains to be done,” said Dunand.
8 February, 2015 by The TZ Newswire Staff Comments Off on Don’t Let The Recent Price Drop Fool You – US Retail Demand For Gold and Silver Sky-high!
Don’t Let The Recent Price Drop Fool You – US Retail Demand For Gold and Silver Sky-high!
A very decent job report for the month of January has crushed the gold price last Friday as the yellow metal lost more than $30 per ounce, sending it back to the lowest level in more than a month. Even though there was some support around the $1250 level, we fell right through it on the back of an allegedly good jobs report.
8 February, 2015 by The TZ Newswire Staff Comments Off on The Average American Using This Tax Credit Saved $2,303. Do You Qualify?
The Average American Using This Tax Credit Saved $2,303. Do You Qualify?
Almost 28 million Americans saved thousands from this key tax credit. Find out if you can get your share.
8 February, 2015 by The TZ Newswire Staff Comments Off on Market Snapshot: Consumer-staples earnings missing out on ‘gasoline tax’ boost
Market Snapshot: Consumer-staples earnings missing out on ‘gasoline tax’ boost
Consumer-staples companies figure heavily in quarterly reports this week but companies in the sector appear to have benefitted less than their consumer-discretionary counterparts in the fourth quarter as lower gasoline prices put more money in people’s pockets.
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8 February, 2015 by The TZ Newswire Staff Comments Off on G20, EU leaders meet in a week to mend Greece
G20, EU leaders meet in a week to mend Greece
Meetings of G20 finance ministers and EU leaders top and tail this week with Greece’s fate uppermost in policymakers’ minds and global turbulence caused by diverging monetary policies and cheap oil coming a close second. The central bank world has been upended by a steepling fall in oil prices, and the effect that may have on inflation and growth, and the prospect of the European Central Bank creating 1 trillion euros out of thin air. The Swiss National Bank caused currency turmoil by abruptly ending its Swiss franc cap.
8 February, 2015 by The TZ Newswire Staff Comments Off on Spurring growth center stage as finance chiefs meet in Istanbul
Spurring growth center stage as finance chiefs meet in Istanbul
Finance ministers and central bankers face a tough task coordinating action to spur global growth at G20 meetings this week, with major economies running at different speeds and monetary policies diverging. Concern over the ability of the United States to sustain the global economy as most of the world slows will be high on the agenda as the Group of 20 leading economies hold talks in Istanbul on Monday and Tuesday. The meetings come as Greece casts a new shadow over Europe, cheap oil plays havoc with inflation and growth forecasts and a strengthening dollar threatens emerging economies.