10 February, 2015 by The TZ Newswire Staff Comments Off on Shifting goal posts on employment may signal slower Fed rate hikes
Shifting goal posts on employment may signal slower Fed rate hikes
According to interviews with half a dozen current and former Fed policymakers and staff, the concept that the economy can produce far lower levels of unemployment without stoking inflation is being built into Fed models and becoming increasingly entrenched in the central bank’s views. Fed policymakers’ December projections show most expect the Fed’s benchmark rate to rise to 2.5 percent or above by the end of 2016 from the 0-0.25 percent range now.
10 February, 2015 by The TZ Newswire Staff Comments Off on U.S. business lobby survey warns of China protectionism
U.S. business lobby survey warns of China protectionism
China’s regulators are targeting foreign firms, a majority of respondents said in a survey by an American business lobby, citing protectionism among the top concerns for their operations in the world’s second largest economy. Fifty-seven percent of the 477 respondents included in an annual survey by the American Chamber of Commerce in China said they believed recent government investigations “singled out” foreign companies. The survey results, published on Wednesday, also said increasing protectionism had become the fifth greatest concern for businesses in China for the first time since 2010.
10 February, 2015 by The TZ Newswire Staff Comments Off on Russia in ‘dire straits’ and needs reform: FinMin
Russia in ‘dire straits’ and needs reform: FinMin
“Radical” changes in the global economy have left Russia in “dire straits” and it should reform now, the country’s finance minister told CNBC.
10 February, 2015 by The TZ Newswire Staff Comments Off on Genomic Health, Inc. on the Road to Profitability
Genomic Health, Inc. on the Road to Profitability
10 February, 2015 by The TZ Newswire Staff Comments Off on Apple in big solar power deal, market cap closes over $700 billion
Apple in big solar power deal, market cap closes over $700 billion
Apple Inc (AAPL.O) will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time. The First Solar Inc (FSLR.O) plant, with the capacity to power the equivalent of 60,000 homes, will be used to supply electricity for Apple’s new campus in Silicon Valley, and its other offices and 52 stores in the state, Chief Executive Tim Cook said at a Goldman Sachs technology conference in San Francisco.
10 February, 2015 by The TZ Newswire Staff Comments Off on Stocks, currencies wary of Greek confusion
Stocks, currencies wary of Greek confusion
Asian stock markets turned cautious on Wednesday while the U.S. dollar crept higher as looming euro zone meetings to discuss the Greek debt crisis threatened to produce more confusion than clarity. China’s central bank on Tuesday said it was ready to fight a downturn, while not taking excessive risks with credit creation. Australia’s main index slipped 0.6 percent even as a survey showing consumer confidence had surged to 13-month peaks in the wake of last week’s cut in domestic interest rates.
10 February, 2015 by The TZ Newswire Staff Comments Off on Brent holds above $56 after U.S. crude stocks rise less than expected
Brent holds above $56 after U.S. crude stocks rise less than expected
Brent crude held steady above $56 a barrel on Wednesday, and U.S. crude rose briefly more than $1, after a smaller-than-expected rise in U.S. crude stocks was viewed by some as a sign that a supply glut was starting to abate. The gains in futures, however, were capped by a warning from the International Energy Agency (IEA) that ample global production would still swell world inventories before investment cuts begin to significantly dent output. “This all means a weak market in 2015 and even lower oil prices. U.S.