29 March, 2015 by The TZ Newswire Staff Comments Off on Oil prices fall as Iran, world powers seek nuclear deal
Oil prices fall as Iran, world powers seek nuclear deal
Oil prices fell on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted. Benchmark Brent crude futures (LCOc1) had dropped to $56.04 by 0320 GMT, down 37 cents after falling 5 percent on Friday as the market began to price in the possibility of a deal with Iran. Front-month U.S. West Texas Intermediate (WTI) futures (CLc1) were down 76 cents to $48.11 a barrel.
29 March, 2015 by The TZ Newswire Staff Comments Off on Should you prepare for a round-trip bond trade?
Should you prepare for a round-trip bond trade?
While corporate bonds may not look attractive amid rising rate expectations, Goldman tips a good performance – but only in the short term.
29 March, 2015 by The TZ Newswire Staff Comments Off on Craig Stephen’s This Week in China: China’s curiously pain-free banking
Craig Stephen’s This Week in China: China’s curiously pain-free banking
Craig Stephen isn’t impressed by the level of bad-loan writedowns at Chinese state banks and wonders whether there’s trouble down the road.
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29 March, 2015 by The TZ Newswire Staff Comments Off on Trendlines Held But Earnings Are Coming
Trendlines Held But Earnings Are Coming
It was a very challenging week for Mr. Market as all the major market indexes pulled back. All the major indexes closed below their 50 day moving averages with the exception of the Russell 2000 which managed to hang on.
The biotech etf (IBB) was the big culprit last week and weighed heavily in the Nasdaq. IBB surged 2.0% on Friday, but still ended the week lower by 5.2%.
29 March, 2015 by The TZ Newswire Staff Comments Off on Big Brother Is Here: Facebook Reveals Its Master Plan – Control All News Flow
Big Brother Is Here: Facebook Reveals Its Master Plan – Control All News Flow
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
In recent months, Facebook has been quietly holding talks with at least half a dozen media companies about hosting their content inside Facebook rather than making users tap a link to go to an external site.
29 March, 2015 by The TZ Newswire Staff Comments Off on Asia shares sluggish, oil drifts lower
Asia shares sluggish, oil drifts lower
Asian markets got off to a sluggish start on Monday in a week book ended with Easter holidays across the globe and a U.S. jobs report that could impact the timing of the first hike in interest rates there. MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.2 percent. Australia’s main index lost 0.8 percent amid weakness in commodity prices. Federal Reserve Chair Janet Yellen on Friday reaffirmed that rates would likely start rising later this year but emphasized the pace of tightening would be gradual and data dependent.
29 March, 2015 by The TZ Newswire Staff Comments Off on Western banks axed 59,000 jobs last year, more cuts to come in Europe
Western banks axed 59,000 jobs last year, more cuts to come in Europe
Top European and U.S. banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve profitability that has been hit hard by tougher regulation. “The screws will stay tight on headcount,” said Aymen Saleh, managing director at Boston Consulting Group in London. Eighteen of Europe’s biggest banks cut a combined 21,500 jobs last year, but that was less than half of the 56,100 jobs cut by the same banks in 2013, according to data compiled by Reuters.