22 March, 2015 by The TZ Newswire Staff Comments Off on Tough decisions as endgame nears for Indian conglomerate Sahara
Tough decisions as endgame nears for Indian conglomerate Sahara
India’s highest court will decide the future of conglomerate Sahara later on Monday, when it rules on whether time has run out for the controversial business empire to raise the $1.6 billion it needs to free its jailed chief. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds against its assets in order to bail out its founder, Subrata Roy.
22 March, 2015 by The TZ Newswire Staff Comments Off on The Margin: China’s rural villagers love building their own submarines
The Margin: China’s rural villagers love building their own submarines
Looks like it’s becoming a trend: Chinese villagers are building home-made submarines.
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22 March, 2015 by The TZ Newswire Staff Comments Off on Be Careful of the Parabolic Advances
Be Careful of the Parabolic Advances
When prices arc upward at ever-increasing speed, they form a parabolic curve, which should cause us to feel ever-increasing caution. With parabolic moves we never know when the final top will arrive because of the frenzy of buying driving the move, but we know that vertical moves cannot be sustained, and ultimately we can expect that the parabolic will collapse, with prices falling as quickly as they advanced. Let’s look at a few charts that caught my eye.
22 March, 2015 by The TZ Newswire Staff Comments Off on Oil prices drop after Saudi Arabia says it will not cut output alone
Oil prices drop after Saudi Arabia says it will not cut output alone
Oil prices dropped around a percentage point in early Asian trade on Monday after Saudi Arabia said over the weekend that it would not unilaterally cut its output to defend prices. Since oil prices started to fall in June 2014, many analysts have expected Saudi Arabia, OPEC’s biggest producer, to curb its output. Yet Riyadh has so far opted to keep output stable in a move to defend market share against non-OPEC producers like Russia and the United States, where production has soared as a result of the shale exploration boom.
22 March, 2015 by The TZ Newswire Staff Comments Off on U.S. safety regulators probing two Nissan air bag sensor recalls: AP
U.S. safety regulators probing two Nissan air bag sensor recalls: AP
The investigation covers about 990,000 vehicles in the United States that were recalled in 2013 and 2014, the AP said. The recall was related to computer software, which may not detect an adult in the passenger seat, resulting in the deactivation of airbags, the AP reported. The National Highway Traffic Safety Administration said 124 people have complained about the problem happening after repairs were made and said it has opened a “recall query” to assess the effectiveness of the recall fix, which was a software update, the AP said.
22 March, 2015 by The TZ Newswire Staff Comments Off on U.S., Lockheed fixing software glitch with GPS satellites
U.S., Lockheed fixing software glitch with GPS satellites
Lockheed Martin Corp (LMT.N) said it is working to resolve a technical error disclosed by the U.S. Air Force on Sunday that affected some global positioning system (GPS) satellites but did not degrade the accuracy of GPS signals received by users around the world. Lockheed said the error involved the ground control system for GPS satellites it runs for the Air Force. Lockheed spokeswoman Christine Courard said the company had put a “workaround” in place to avoid further errors and was working on a full software correction with the Air Force.
22 March, 2015 by The TZ Newswire Staff Comments Off on Live blog: Investment community remembers LKY
Live blog: Investment community remembers LKY
The 18th annual Credit Suisse Asian Investment Conference (AIC) got under way on Monday, even as news of the passing of Singapore’s first prime minister Lee Kuan Yew triggered a flood of tributes from around the world.