The Traderszone Network

18 March, 2015 by The TZ Newswire Staff Comments Off on Spain’s bank fund says will not bail out BPA’s Banco Madrid,

Spain’s bank fund says will not bail out BPA’s Banco Madrid,

Spain’s bank restructuring fund (FROB) said late on Wednesday it would not bail out the Spanish affiliate of Andorra’s Banca Privada d’Andorra (BPA) Banco Madrid, clearing the way for insolvency proceedings at the lender. Banco Madrid began bankruptcy proceedings on Monday after customers rushed to empty accounts in the wake of U.S. allegations its parent BPA laundered money for international criminal gangs. The Bank of Spain has frozen all financial activity at Banco Madrid while anti-corruption prosecutors investigate possible fraudulent activities at the lender.

18 March, 2015 by The TZ Newswire Staff Comments Off on Who’s afraid of Apple? Not Swiss watchmakers…

Who’s afraid of Apple? Not Swiss watchmakers…

Faced with the Apple Watch, many Swiss companies are debating whether to head high-tech or stick with a centuries-old formula of watchmaking.

18 March, 2015 by The TZ Newswire Staff Comments Off on Falling Interest Causes Falling Wages

Falling Interest Causes Falling Wages

by Keith Weiner

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18 March, 2015 by The TZ Newswire Staff Comments Off on Britain’s national bird should be awesome, not ordinary

Britain’s national bird should be awesome, not ordinary

Britain needs a new national bird that’s as awe-inspiring as a lion and a unicorn.

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18 March, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil futures give up gains as oversupply fears resurface

Futures Movers: Oil futures give up gains as oversupply fears resurface

Crude-oil futures fall in Asia trade as oil markets return to fretting over rising U.S.

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18 March, 2015 by The TZ Newswire Staff Comments Off on Asia stocks surge, bond yields tumble on Fed caution

Asia stocks surge, bond yields tumble on Fed caution

Asian shares enjoyed their best session in 18 months on Thursday as investors priced in a later start and a slower pace for future U.S rate rises, slashing sovereign bond yields from Japan to Australia. Australia’s main index (.AXJO) jumped 1.9 percent led by banks as markets wagered on lower domestic rates.

18 March, 2015 by The TZ Newswire Staff Comments Off on Japan’s Sharp to cut 6,000 jobs in global restructuring: source

Japan’s Sharp to cut 6,000 jobs in global restructuring: source

Japan’s loss-making Sharp Corp intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday. The job cuts will total around 6,000, half of which would come in Japan through early retirement while the rest would be overseas, according to the person, who was briefed on the matter but declined to be identified as a formal decision has not been made.

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