22 March, 2015 by The TZ Newswire Staff Comments Off on U.S. faces meager options for further Russia energy sanctions
U.S. faces meager options for further Russia energy sanctions
The United States will struggle to follow through on threats to impose deeper sanctions on the Russian energy sector, as European fears over collateral economic damage leave President Barack Obama’s administration with diminished options. Energy is the economic lifeblood of Russia, which vies with the United States and Saudi Arabia to be the world’s top oil producer, and the sector is the main target of Western sanctions over Moscow’s role in the conflict in Ukraine.
22 March, 2015 by The TZ Newswire Staff Comments Off on Uber ties up with Times Internet for India expansion
Uber ties up with Times Internet for India expansion
Uber Technologies Inc, the online ride-hailing company, has entered into a “strategic partnership” with India’s Times Internet, as it looks to expand operations in its largest market outside the United States. An Uber spokeswoman said Times Internet, the digital arm of the Times of India media group, would invest “well under” one billion rupees ($16 million) in Uber, that is worth an estimated $40 billion. “The deal is centered around a commercial marketing arrangement accompanied by a small investment,” Uber said in a statement on Monday.
22 March, 2015 by The TZ Newswire Staff Comments Off on BOJ’s Kuroda: Told PM Abe Japan’s long-term price trend unchanged
BOJ’s Kuroda: Told PM Abe Japan’s long-term price trend unchanged
Bank of Japan Governor Haruhiko Kuroda said he told Prime Minister Shinzo Abe on Monday that inflation is slowing due to a decline in oil prices but there is no change in the long-term rising trend for consumer prices as the economy improves. Kuroda, speaking to reporters after the meeting, said he also told Abe that the economy remains on a gradual recovery path.
22 March, 2015 by The TZ Newswire Staff Comments Off on Oil heading to $35 by June: FACTS Global Energy
Oil heading to $35 by June: FACTS Global Energy
Oil prices will trade between $35 to $40 dollars per barrel by the end of the second quarter, according to one of the world’s leading oil experts.
22 March, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar tips lower in Asia as market seeks fresh clues
Currencies: Dollar tips lower in Asia as market seeks fresh clues
The dollar was down slightly in a rangebound Asia trade Monday, with a lack of fresh cues in the market to lure investors
read more
22 March, 2015 by The TZ Newswire Staff Comments Off on Poll: What will push euro to hit dollar parity?
Poll: What will push euro to hit dollar parity?
What do you think will push the euro to parity with the dollar?
22 March, 2015 by The TZ Newswire Staff Comments Off on U.S. refiners turn to tanker trucks to avoid ‘dumbbell’ crudes
U.S. refiners turn to tanker trucks to avoid ‘dumbbell’ crudes
Firms such as Marathon Petroleum Corp and Delek U.S. Holdings are buying up tanker trucks and extending local pipeline networks in order to get more oil directly from the wellhead, seeking to cut back on blended crude cocktails they say can leave a foul aftertaste.