11 February, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Greece and EU vow to keep talking after struggling to reach a deal
The Wall Street Journal: Greece and EU vow to keep talking after struggling to reach a deal
After more than six hours of negotiations, eurozone finance ministers pledge to keep talking in the next few days and kick the can down the road to the next meeting.
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11 February, 2015 by The TZ Newswire Staff Comments Off on SocGen profit shoots up, cuts Russia exposure
SocGen profit shoots up, cuts Russia exposure
French bank Societe Generale reported a jump in fourth-quarter profit, but took a large write down on the value of its Russian unit.
11 February, 2015 by The TZ Newswire Staff Comments Off on How much? Putting a price on businesses
How much? Putting a price on businesses
Online valuation has become indispensable for consumers – now the service is being used to help companies work out their value.
11 February, 2015 by The TZ Newswire Staff Comments Off on Tesla loses its third China executive in a year amid weak sales
Tesla loses its third China executive in a year amid weak sales
The “dismal” Chinese sales for Tesla Motors Inc.’s electric cars have seemingly upset Chief Executive Elon Musk, as the company has just lost its third senior executive in China in less than 12 months, according to various reports.
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11 February, 2015 by The TZ Newswire Staff Comments Off on Greece, euro zone fail to agree on debt, to try again on Monday
Greece, euro zone fail to agree on debt, to try again on Monday
In seven hours of crisis talks in Brussels that ended after midnight, euro zone finance ministers were unable to agree even a joint statement on the next procedural steps. “We had an intense discussion, constructive, covering a lot of ground, also making progress, but not enough progress yet to come to joint conclusions,” Jeroen Dijsselbloem, the chairman of Eurogroup finance ministers, told a midnight news conference. Greece would have no further contact with experts from the European Commission, the International Monetary Fund and the European Central Bank before Monday, he said.
11 February, 2015 by The TZ Newswire Staff Comments Off on Greece, euro zone fail to agree on debt, to try again on Monday
Greece, euro zone fail to agree on debt, to try again on Monday
In seven hours of crisis talks in Brussels that ended after midnight, euro zone finance ministers were unable to agree even a joint statement on the next procedural steps. “We had an intense discussion, constructive, covering a lot of ground, also making progress, but not enough progress yet to come to joint conclusions,” Jeroen Dijsselbloem, the chairman of Eurogroup finance ministers, told a midnight news conference. Greece would have no further contact with experts from the European Commission, the International Monetary Fund and the European Central Bank before Monday, he said.
11 February, 2015 by The TZ Newswire Staff Comments Off on Asia stocks, euro fall as Greek uncertainty saps confidence
Asia stocks, euro fall as Greek uncertainty saps confidence
Asian stocks and the euro fell on Thursday as markets erred on the side of caution over the ongoing Greek debt negotiations amid conflicting headlines on progress in the talks. The uncertainty is expected to be highlighted in a mixed open for European bourses with spreadbetters forecasting Britain’s FTSE to fall as much as 0.1 percent, Germany’s DAX up 0.3 percent and a flat start for France’s CAC. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.5 percent on a broad decline in markets from Australia to China.