19 March, 2015 by The TZ Newswire Staff Comments Off on TSB agrees to $2.5 billion takeover by Spain’s Sabadell
TSB agrees to $2.5 billion takeover by Spain’s Sabadell
British bank TSB said it had agreed to be taken over by Spanish lender Banco Sabadell in a deal which values the business at 1.7 billion pounds . Lloyds Banking Group , which holds a 50 percent stake in …
19 March, 2015 by The TZ Newswire Staff Comments Off on Holcim and Lafarge cement deal to salvage merger
Holcim and Lafarge cement deal to salvage merger
Holcim and Lafarge have rescued a stumbling 41 billion euro merger by reconciling differences over financial terms and management.
19 March, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil prices stay choppy ahead of rig-count data
Futures Movers: Oil prices stay choppy ahead of rig-count data
Crude-oil futures are choppy Friday, with Brent crude ticking marginally higher as investors weighed volatile currency markets and ahead of this week’s U.S.
19 March, 2015 by The TZ Newswire Staff Comments Off on Darrell Delamaide’s Political Capital: Greece ready to play the Russian card
Darrell Delamaide’s Political Capital: Greece ready to play the Russian card
Faced with intransigence by the European Union, the Greek government is quietly dangling the prospect of turning to Russia for aid.
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19 March, 2015 by The TZ Newswire Staff Comments Off on Asia stocks stall as Fed-inspired lift peters out, dollar steady
Asia stocks stall as Fed-inspired lift peters out, dollar steady
MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.1 percent after rallying 1.3 percent the previous day.
19 March, 2015 by The TZ Newswire Staff Comments Off on Greek PM assures EU creditors reforms coming to unlock cash
Greek PM assures EU creditors reforms coming to unlock cash
Greek Prime Minister Alexis Tsipras assured European Union creditors at late-night crisis talks in Brussels that his leftist-led coalition would present soon a full set of economic reforms in order to unlock cash to stave off bankruptcy. After two months of mounting frustration on both sides since Tsipras was elected with a mandate to end years of austerity imposed by creditors’ conditions, the three-hour meeting on the sidelines of an EU summit was requested by Tsipras to break an impasse that risks seeing Athens stumble out of the euro zone.
19 March, 2015 by The TZ Newswire Staff Comments Off on Japan, Australia signal approval of China-based AIIB
Japan, Australia signal approval of China-based AIIB
TOKYO/SYDNEY, (Reuters) – Japan signaled cautious approval of the China-led Asian Infrastructure Investment Bank (AIIB) on Friday and said for the first time that, if conditions were met, it could join the institution that the United States has warned against. Australian Treasurer Joe Hockey said there was “a lot of merit” in the bank and the Sydney Morning Herald newspaper reported that Canberra could formally decide to sign up when the full cabinet meets on Monday. Japan, Australia and the South Korea, all major U.S. allies, are the notable regional absentees from the AIIB.