21 March, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Toyota set to approve Mexico plant within weeks – sources
Exclusive: Toyota set to approve Mexico plant within weeks – sources
TOKYO/MEXICO CITY (Reuters) – Toyota Motor is finalizing plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter. Based on recent investments by rivals, including Volkswagen (VOWG_p.DE), a new assembly plant would represent an investment of over $1 billion for Toyota.
21 March, 2015 by The TZ Newswire Staff Comments Off on India telecoms debt rises on record spectrum spend
India telecoms debt rises on record spectrum spend
India will net a record $16 billion from intense bidding for its latest spectrum auctions, but at the cost of sharply higher debts for operators.
21 March, 2015 by The TZ Newswire Staff Comments Off on Currency hedging takes on new importance for global stock funds
Currency hedging takes on new importance for global stock funds
As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. He now has 60 percent of his portfolio invested in companies in the euro zone, the largest stake among any global fund tracked by Lipper. “We’re stockpickers, and by hedging currencies we can be pure stockpickers without the currency risk,” said Marcus.
21 March, 2015 by The TZ Newswire Staff Comments Off on China discussing regional bank’s cooperation with ADB: finance minister
China discussing regional bank’s cooperation with ADB: finance minister
China is discussing ways in which a new regional lender being pushed by Beijing can cooperate with the Asian Development Bank (ADB), Finance Minister Lou Jiwei said on Sunday, as he sought to fend off concerns that the two banks would become rivals. Some 27 countries have now signed up to participate in the Asian Infrastructure Investment Bank (AIIB), a $50 billion fund slated to begin operations at the end of the year providing project loans to developing countries.
21 March, 2015 by The TZ Newswire Staff Comments Off on Saving Carver Federal, NY’s last black bank
Saving Carver Federal, NY’s last black bank
Harlem’s renaissance is impossible to miss. Starbucks and Banana Republic line 125th Street. Whole Foods is coming. Marcus Samuelsson’s Red Rooster restaurant draws gourmands from everywhere, and…
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21 March, 2015 by The TZ Newswire Staff Comments Off on China sees bright spots in slowing economy, vice premier says
China sees bright spots in slowing economy, vice premier says
China’s economy faces increased downward pressure this year but the slowdown is stabilizing, with employment and services among the bright spots, Vice Premier Zhang Gaoli said on Sunday. Weighed down by a property downturn, factory overcapacity and local debt, China’s economic growth is expected to slow to a quarter-century low of around 7 percent this year from 7.4 percent in 2014, despite expected additional stimulus measures. “The downward pressure on China’s economy increased somewhat since the start of this year,” Zhang told a high-level conference in Beijing.
21 March, 2015 by The TZ Newswire Staff Comments Off on Abe-Kuroda honeymoon soured by fiscal friction
Abe-Kuroda honeymoon soured by fiscal friction
A rift is emerging between Prime Minister Shinzo Abe and his hand-picked central bank boss on how to fix Japan’s tattered finances, which could blunt the impact of the “Abenomics” stimulus policies they have worked together to prosecute. Two years into Bank of Japan Governor Haruhiko Kuroda’s tenure, the cracks are becoming hard to conceal and could affect the timing of any further monetary easing and an eventual end to the massive money-printing program he set in train.