26 February, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar pauses after hitting overnight highs
Currencies: Dollar pauses after hitting overnight highs
The dollar fails to keep pushing higher in Asia, after a rally triggered by hopes that U.S.
26 February, 2015 by The TZ Newswire Staff Comments Off on Lloyds to pay first post-crisis dividend
Lloyds to pay first post-crisis dividend
Lloyds Banking Group will pay a dividend of 0.75p per share to investors, after reporting a better-than-expected rise in profit.
26 February, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil rebounds, with Brent set for biggest monthly gain since 2009
Futures Movers: Oil rebounds, with Brent set for biggest monthly gain since 2009
Oil prices rebound from a tumble Thursday, as investors wait for Chinese data and an update on U.S.
26 February, 2015 by The TZ Newswire Staff Comments Off on The dress that broke the internet
The dress that broke the internet
A badly lit photo of an off-the-rack dress broke the internet, spawning arguments, memes and pseudo-science over its “real” colors.
26 February, 2015 by The TZ Newswire Staff Comments Off on Brent rises above $61, set for biggest monthly gain since 2009
Brent rises above $61, set for biggest monthly gain since 2009
Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in the North Sea and renewed fears of gas supply disruption in Europe supported prices. A reduction in rig counts and expectations for better oil demand have helped Brent prices rise by around 15 percent so far this month from January’s close of $52.99. Brent crude (LCOc1) rose 98 cents to $61.03 a barrel by 0055 ET.
26 February, 2015 by The TZ Newswire Staff Comments Off on Lower gasoline prices dampen U.S. consumer inflation
Lower gasoline prices dampen U.S. consumer inflation
U.S. consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates. Other data on Thursday showed a rebound in business investment spending plans and a steadily firming labor market, suggesting the move into deflation territory would be brief. In addition, gasoline prices have been rising in recent weeks.
26 February, 2015 by The TZ Newswire Staff Comments Off on IBM targets $40 billion in cloud, other growth areas by 2018
IBM targets $40 billion in cloud, other growth areas by 2018
The aggressive target, set by IBM executives at the company’s annual investor meeting in New York on Thursday, is the latest step for the technology giant towards emerging, high-margin businesses, and away from its previous strongholds in hardware and servers. The $40 billion will come from areas which IBM calls its “strategic imperatives,” namely cloud, analytics, mobile, social and security software. The company said it would shift $4 billion in spending to its “strategic imperatives” this year. IBM revenue has now fallen for the past 11 quarters, while earnings growth has been sporadic.