9 February, 2015 by The TZ Newswire Staff Comments Off on OPEC: ‘Overflowing’ supply weighing on oil prices
OPEC: ‘Overflowing’ supply weighing on oil prices
OPEC said oil demand growth was “yet to show any signs of accelerating,” in a report on Monday. However, it still hiked its demand forecast for 2015.
9 February, 2015 by The TZ Newswire Staff Comments Off on World stocks lower on poor China trade, Greek turmoil
World stocks lower on poor China trade, Greek turmoil
Global stock markets were weighed down Monday by weak Chinese trade data and the new Greek prime minister’s vow to renegotiate an international bailout that imposed harsh austerity.
9 February, 2015 by The TZ Newswire Staff Comments Off on Alibaba’s Ant Financial valued at $30 bln amid funding talks-Caixin
Alibaba’s Ant Financial valued at $30 bln amid funding talks-Caixin
Ant Financial Services Group, an affiliate of Chinese e-commerce titan Alibaba, is in negotiations for funding that have reached a “critical stage” and value the company at $30 billion, news magazine Caixin reported on Monday. The report cited unidentified sources as saying China’s state-backed social security fund, Postal Savings Bank of China, and CDB Capital, an investment arm of China Development Bank, would be among the strategic investors in discussions for stakes of 5 percent, 3 percent and 3 percent respectively.
9 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 talks at the latest G-20 summit in Istanbul.
9 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 talks at the latest G-20 summit in Istanbul.
9 February, 2015 by The TZ Newswire Staff Comments Off on Bank of England’s Carney urges ‘big push’ on bank rules, worries over reform fatigue
Bank of England’s Carney urges ‘big push’ on bank rules, worries over reform fatigue
Bank of England Governor Mark Carney has urged the G20 to mount a “big push” to implement global regulatory reforms, fearing that governments may be tiring of non-stop rule making since the financial crisis six years ago. Carney was speaking ahead of a meeting of finance ministers and central bankers from the Group of 20 economies (G20), whose regulatory task force, the Financial Stability Board, he chairs. Since Lehman Brothers bank crashed in September 2008, the FSB has coordinated a welter of new banking and markets rules to make the financial system more resilient to shocks.
9 February, 2015 by The TZ Newswire Staff Comments Off on Bank of England’s Carney urges ‘big push’ on bank rules, worries over reform fatigue
Bank of England’s Carney urges ‘big push’ on bank rules, worries over reform fatigue
Bank of England Governor Mark Carney has urged the G20 to mount a “big push” to implement global regulatory reforms, fearing that governments may be tiring of non-stop rule making since the financial crisis six years ago. Carney was speaking ahead of a meeting of finance ministers and central bankers from the Group of 20 economies (G20), whose regulatory task force, the Financial Stability Board, he chairs. Since Lehman Brothers bank crashed in September 2008, the FSB has coordinated a welter of new banking and markets rules to make the financial system more resilient to shocks.