10 March, 2015 by The TZ Newswire Staff Comments Off on Asia stocks fall as risk aversion prevails, dollar soars
Asia stocks fall as risk aversion prevails, dollar soars
Asian stocks fell to a two-month low on Wednesday as nervous markets recoiled on worries about an earlier U.S. interest rate hike, while such a prospect helped send the dollar to a 12-year high against the euro. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 percent after touching its lowest since January. Riskier assets both in the United States and elsewhere have come under pressure after Friday’s robust U.S.
10 March, 2015 by The TZ Newswire Staff Comments Off on Exclusive: UBS poaches Bank of Montreal oil banking team – sources
Exclusive: UBS poaches Bank of Montreal oil banking team – sources
NEW YORK/TORONTO (Reuters) – UBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal (BMO), significantly weakening the energy dealmaking capacity at Canada’s fourth-largest bank, people familiar with the matter said. The moves come amid plummeting oil prices that have prompted banks to try to lure talented energy bankers with deep technical expertise. Such bankers can help them win new investment banking business from companies that want to shed assets.
10 March, 2015 by The TZ Newswire Staff Comments Off on AT&T to take $130 million charge related to voluntary retirement
AT&T to take $130 million charge related to voluntary retirement
AT&T also said it expected costs related to the acquisition of Mexican wireless company Iusacell to hurt its earnings in the first quarter. AT&T also warned of pressure on its margins, saying it expected margins in both its wireless and wireline businesses to be lower.
10 March, 2015 by The TZ Newswire Staff Comments Off on Worse Than The Cold War: 81% Of Russians Now View The US Negatively
Worse Than The Cold War: 81% Of Russians Now View The US Negatively
10 March, 2015 by The TZ Newswire Staff Comments Off on Apple Inc. Holds the Safari Search Card. How Much Should Google Inc. Care?
Apple Inc. Holds the Safari Search Card. How Much Should Google Inc. Care?
10 March, 2015 by The TZ Newswire Staff Comments Off on Is Social Unrest Coming To Saudi Arabia? New King Vows To Limit Oil Price Impact, Boost Security
Is Social Unrest Coming To Saudi Arabia? New King Vows To Limit Oil Price Impact, Boost Security
In what some note could be a pre-emptive strike against rising social tensions in The Kingdom, new (and potentially crazy) King Salman bin Abdulaziz vowed to limit the impact of lower oil prices on economic growth, demanding that his regional governors “listen to their citizens.” King Salman then specifically noted, he would work to “achieve justice for all citizens with no difference between one citizen and another, one region or another,” adding that he will “confront the reasons behind schisms in society.” Conc