18 February, 2015 by The TZ Newswire Staff Comments Off on Exclusive: U.S. authorities probe alleged forged letter from Mirach in Sahara deal
Exclusive: U.S. authorities probe alleged forged letter from Mirach in Sahara deal
SAN FRANCISCO/NEW YORK (Reuters) – Federal authorities in San Francisco are probing U.S.-based Mirach Capital Group, two sources familiar with the situation told Reuters, amid allegations that the group gave a forged bank letter to Indian conglomerate Sahara as part of financing negotiations. Sahara had sought to borrow more than $1 billion from Mirach to help bail its chairman, Subrata Roy, out of jail in New Delhi. The Indian company negotiated for funds with Mirach, a group set up by former broker Saransh Sharma, who lives in Northern California.
18 February, 2015 by The TZ Newswire Staff Comments Off on Caviar with gold: The world’s most expensive food?
Caviar with gold: The world’s most expensive food?
White fish roe of the albino sturgeon combined with 22 carat gold leaf costs over $100,000 per kilo.
18 February, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar struggles after FOMC minutes dash hopes for mid-year rate hike
Currencies: Dollar struggles after FOMC minutes dash hopes for mid-year rate hike
The dollar flattens against the yen after the FOMC minutes warn of a premature rate hike.
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18 February, 2015 by The TZ Newswire Staff Comments Off on Philip Morris: An Update Regarding 2015
Philip Morris: An Update Regarding 2015
18 February, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: Japan stocks hit 15-year intraday high
Asia Markets: Japan stocks hit 15-year intraday high
Japanese stocks rise to a 15-year high intraday, as investors take a renewed interest in companies that have shifted their focus back to growth and efficiency.
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18 February, 2015 by The TZ Newswire Staff Comments Off on Fed softness knocks dollar, fails to lift Greece-focused Europe
Fed softness knocks dollar, fails to lift Greece-focused Europe
A softer stance from the Federal Reserves knocked the dollar down on Thursday but failed to lift stock markets in Europe, where the looming deadline for Greece to get a new debt deal kept investors nervous. In contrast, Japan’s shares hit a 15-year high as the minutes from the Fed’s meeting in January showed officials were concerned about hiking interest rates too soon. Investors revised their expectations for the timing of a first Fed hike and the trajectory of rates for the next couple of years.
18 February, 2015 by The TZ Newswire Staff Comments Off on Apple poaching auto engineers to build battery division: lawsuit
Apple poaching auto engineers to build battery division: lawsuit
Electric-car battery maker A123 Systems has sued Apple Inc for poaching top engineers to build a large-scale battery division, according to a court filing that offered further evidence that the iPhone maker may be developing a car. Apple has been poaching engineers with deep expertise in car systems, including from Tesla Inc, and talking with industry experts and automakers with the ultimate aim of learning how to make its own electric car, an auto industry source said last week.