16 February, 2015 by The TZ Newswire Staff Comments Off on U.S. companies can avoid slow torture of Venezuela devaluations by taking one big hit
U.S. companies can avoid slow torture of Venezuela devaluations by taking one big hit
American companies tired of seeing their earnings badly hurt by Venezuela’s crumbling bolivar currency system, can – with the stroke of a pen – get rid of much of the problem. Ford Motor Co, wrote off its entire investment in Venezuela last month when it took an $800 million pre-tax write down, the company said in response to questions from Reuters. By taking the hit all at once, it allows Ford to avoid the drip-drip of losses from Venezuela that have hurt the earnings of some of the biggest American companies in the past year.
16 February, 2015 by The TZ Newswire Staff Comments Off on Greece defies creditors, seeking credit but no bailout
Greece defies creditors, seeking credit but no bailout
Talks between Greece and euro zone finance ministers over the country’s debt crisis broke down on Monday when Athens rejected a proposal to request a six-month extension of its international bailout package as “unacceptable”. Dutch Finance Minister Jeroen Dijsselbloem, who chaired the meeting, said Athens had until Friday to request an extension, otherwise the bailout would expire at the end of the month.
16 February, 2015 by The TZ Newswire Staff Comments Off on Separatists to battle on for east Ukraine town
Separatists to battle on for east Ukraine town
Pro-Russian separatists cannot “morally” stop fighting for control of a town in east Ukraine, a senior rebel representative said on Tuesday.
16 February, 2015 by The TZ Newswire Staff Comments Off on Oil traders celebrate market rout
Oil traders celebrate market rout
Oil traders are enjoying the most favorable trading conditions they have seen since the global financial crisis in 2008, the FT reports.
16 February, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar inches up versus yen, with eyes on U.S. data, Greece
Currencies: Dollar inches up versus yen, with eyes on U.S. data, Greece
The dollar rises against the yen, but focus will stay on U.S.
16 February, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil pushes higher, Brent crude tops $62 a barrel
Futures Movers: Oil pushes higher, Brent crude tops $62 a barrel
Bullish sentiment on oil prices remains intact even as Greece negotiation talks break down.
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16 February, 2015 by The TZ Newswire Staff Comments Off on Hollywood’s richest movie moguls
Hollywood’s richest movie moguls
As this year’s Academy Awards loom, CNBC takes a look at the 10 richest individuals in the U.S. film industry.