30 March, 2015 by The TZ Newswire Staff Comments Off on Amotz Asa-El’s View from Jerusalem: Yemen will be Iran’s Stalingrad
Amotz Asa-El’s View from Jerusalem: Yemen will be Iran’s Stalingrad
Iran’s hardliners will emerge from their misadventure in Yemen the way the Germans did from Stalingrad — in defeat, writes Amotz Asa-El.
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30 March, 2015 by The TZ Newswire Staff Comments Off on Taiwan, Norway seek to join China-backed AIIB, Japan still cautious
Taiwan, Norway seek to join China-backed AIIB, Japan still cautious
TOKYO/TAIPEI (Reuters) – Japan remains cautious about signing up to the China-led Asian Infrastructure Investment Bank (AIIB), indicating that Tokyo will miss the March 31 deadline for application, but both Taiwan and Norway said they would seek to join the institution. Finance Minister Taro Aso reiterated Japan’s concerns about governance at the AIIB, its debt sustainability and environmental and social safeguards. “Unless these conditions are secured, Japan has no choice but to be very cautious about joining,” Aso told reporters after a cabinet meeting.
30 March, 2015 by The TZ Newswire Staff Comments Off on Cautious China banks could undermine Beijing’s property stimulus efforts
Cautious China banks could undermine Beijing’s property stimulus efforts
As stock market investors cheer Beijing’s latest bid to boost the country’s ailing housing sector, Chinese bankers are gritting their teeth over the risks they face in further relaxing lending rules to home buyers. Alarmed by persistent weakness in the property market and its increasing drag on the economy, policymakers said on Monday they were cutting downpayments levels for the second time in six months and offering bigger tax breaks.
30 March, 2015 by The TZ Newswire Staff Comments Off on China Baosteel vice president under investigation for corruption
China Baosteel vice president under investigation for corruption
A senior official of China’s Baosteel Group, the parent of Baoshan Iron & Steel , is being investigated for “serious disciplinary violations”, China’s corruption watchdog said on Tuesday. The graft watchdog, the Central Commission for Discipline Inspection (CCDI), named the official as Vice President Cui Jian but gave no further details in a short statement. “Serious disciplinary violations” is the term usually used to refer to corruption in China.
30 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Philips to sell majority stake in lighting business to consortium
The Wall Street Journal: Philips to sell majority stake in lighting business to consortium
Philips has sold the stake in its light-emitting diode components and automotive-lighting activities to a private-equity consortium in a deal that values the business at about $3.3 billion.
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30 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: IBM to invest $3 billion in sensor-data unit
The Wall Street Journal: IBM to invest $3 billion in sensor-data unit
International Business Machines Corp.
30 March, 2015 by The TZ Newswire Staff Comments Off on Metals Stocks: Gold weakens for third-straight session
Metals Stocks: Gold weakens for third-straight session
Gold was poised to extend its losing streak to three days, as strength in the dollar remains a primary headwind heading into the jobs report.
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