12 February, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar falls versus yen on poor JGBs auction result
Currencies: Dollar falls versus yen on poor JGBs auction result
Dollar falls as a weaker-than-expected outcome to a government bond auction raises doubts about what the path of the Bank of Japan’s policy path.
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12 February, 2015 by The TZ Newswire Staff Comments Off on The Margin: ‘Fifty Shades’ is killing it, but sex doesn’t always sell at the box office
The Margin: ‘Fifty Shades’ is killing it, but sex doesn’t always sell at the box office
Universal’s “Fifty Shades of Grey” is already box office gold and it hasn’t even opened yet.
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12 February, 2015 by The TZ Newswire Staff Comments Off on ‘Storm is coming’: Russians still fear crisis
‘Storm is coming’: Russians still fear crisis
Ordinary Russians are feeling the pinch from the country’s economic decline and some believe the crisis hasn’t even started yet.
12 February, 2015 by The TZ Newswire Staff Comments Off on China official wants to force couples to have second child
China official wants to force couples to have second child
After more than 30 years of imposing a one-child birth-control policy, China is facing a dilemma of rapid aging and serious gender imbalances.
12 February, 2015 by The TZ Newswire Staff Comments Off on Apple $1 trillion stock market value could be years away
Apple $1 trillion stock market value could be years away
Activist Investor Carl Icahn thinks Apple Inc is already worth over $1 trillion but others on Wall St. think it will take a few more years for the iPhone maker’s stock value to get there. With Apple’s stock market value ballooning this week beyond $700 billion, larger than Switzerland’s gross domestic product, activist investor Icahn said the technology company’s shares should be trading at $216 apiece, equivalent to a market capitalization of about $1.26 trillion. Icahn’s opinion implies an increase of about 70 percent from Thursday’s closing price of Apple’s stock.
12 February, 2015 by The TZ Newswire Staff Comments Off on Kraft Foods shakes up leadership, reports quarterly loss
Kraft Foods shakes up leadership, reports quarterly loss
Kraft said the shakeup, which includes the creation of a “vice president of growth initiatives”, was aimed at accelerating the pace of change at the company. In December, the company announced that its chairman John Cahill would replace Chief Executive Tony Vernon who stepped down.
12 February, 2015 by The TZ Newswire Staff Comments Off on Brent hovers near $60, up almost 4 percent on week
Brent hovers near $60, up almost 4 percent on week
Benchmark Brent crude hovered around $60 in Asia on Friday, up almost 4 percent this week as news of deeper industry spending cuts and a sinking U.S. dollar revived buying. Brent crude for April delivery was trading up 95 cents at $60.23 by 0704 GMT, after briefly gaining more than $1. “Brent April 15 seem to be trending very near to the resistance of $60.40 suggesting that it would more likely trend downwards as prices consolidate after yesterday’s rise,” Daniel Ang of Phillip Futures in Singapore wrote in a note.