18 March, 2015 by The TZ Newswire Staff Comments Off on "Bulletproof" Fortescue Pulls $2.5 Billion Offering Amid Slumping Iron Ore Prices
"Bulletproof" Fortescue Pulls $2.5 Billion Offering Amid Slumping Iron Ore Prices
Fortescue Metals Group, the fourth largest miner of a commodity that’s collapsed some 50% over the past year, had the novel idea to tap the frothy high yield market for cash in order to refinance more than $2 billion in debt maturing over the next four years. Unfortunately, the company ran into a problem: investors wanted 9%.
18 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: U.S. to ‘re-evaluate’ Mideast peace strategy
The Wall Street Journal: U.S. to ‘re-evaluate’ Mideast peace strategy
The Israeli election results sets Prime Minister Benjamin Netanyahu and President Barack Obama on a collision course in coming months over a series of high-stakes decisions on Iran policy and the Middle East peace process.
read more
18 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Lufthansa pilots announce new strike for Friday
The Wall Street Journal: Lufthansa pilots announce new strike for Friday
Pilots at Lufthansa call for their third back-to-back strike this week, targeting short and mid-haul flights on Friday, in efforts by the union to secure its demands in an dispute over early retirement benefits.
read more
18 March, 2015 by The TZ Newswire Staff Comments Off on Asia stocks mixed as traders digest Fed statement
Asia stocks mixed as traders digest Fed statement
Markets across Asia were mixed on Thursday as traders cheered a relatively dovish Federal Reserve statement.
18 March, 2015 by The TZ Newswire Staff Comments Off on Fed ‘winging it’: Boockvar
Fed ‘winging it’: Boockvar
The read on markets and the Fed, with Jim Bianco of Bianco Research, and Peter Boockvar, Lindsey Group. Boockvar says the Fed is “completely winging it.”
