11 February, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil climbs above $50 as Ukraine cease-fire deal is reached
Futures Movers: Oil climbs above $50 as Ukraine cease-fire deal is reached
Crude-oil futures hit intraday highs following an agreement to halt months of deadly fighting in Ukraine. But news of record U.S.
11 February, 2015 by The TZ Newswire Staff Comments Off on Putin: Leaders agree on Ukraine ceasefire
Putin: Leaders agree on Ukraine ceasefire
A ceasefire between Russia and Ukraine has been agreed starting February 15, President Vladimir Putin said Thursday.
11 February, 2015 by The TZ Newswire Staff Comments Off on Currencies: Yen rises after eurozone ministers fail to agree on Greece
Currencies: Yen rises after eurozone ministers fail to agree on Greece
The yen gets bid higher as investors seek a safe haven after eurozone ministers fail to agree on Greece.
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11 February, 2015 by The TZ Newswire Staff Comments Off on JPMorgan’s new approach to probing suspect transactions sparks internal friction
JPMorgan’s new approach to probing suspect transactions sparks internal friction
ST. LOUIS/WASHINGTON (Reuters) – Clashes over strategy within JPMorgan Chase & Co’s compliance operations have led to the departure of a series of managers in the past year, according to three of those who have left. Faced with intense scrutiny after regulators found failings in its anti-money laundering (AML) program, and rising costs as it seeks to identify suspicious transactions, the biggest U.S. bank has invested in new automated systems and installed executives skilled in making bank operations more efficient.
11 February, 2015 by The TZ Newswire Staff Comments Off on Pilots at Lufthansa’s Germanwings begin two-day walkout
Pilots at Lufthansa’s Germanwings begin two-day walkout
Pilots at Lufthansa’s budget airline, Germanwings, started a two-day strike on Thursday as German pilots’ union Vereinigung Cockpit (VC) seeks to put pressure on management in a long-running row over pay and conditions. The VC pilots staged 10 strikes last year, affecting hundreds of thousands of passengers and wiping up to 200 million euros ($226 million) from 2014 operating profit at Lufthansa, which is trying to reduce costs to keep up with rivals.
11 February, 2015 by The TZ Newswire Staff Comments Off on Hit hard in Venezuela, U.S. bond funds keep their nerve
Hit hard in Venezuela, U.S. bond funds keep their nerve
BOSTON/CARACAS (Reuters) – Many U.S. bond funds hammered by an almost 30-percent decline in Venezuelan bond prices last year have kept big bets there, even as the South American country struggles with food shortages, runaway inflation and plunging oil revenue. Though some portfolio managers including Pimco and Van Eck Global have pared their exposure in recent months, Venezuela remains among the largest positions for U.S. funds that focus on emerging market debt. Buttressing support for optimism is Venezuela’s reputation for paying its debts.
11 February, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Global demand for gold drops in 2014
The Wall Street Journal: Global demand for gold drops in 2014
Global gold demand fell last year as buying tumbled in China and India, says the World Gold Council.
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