31 March, 2015 by The TZ Newswire Staff Comments Off on Weak demand hits China factory, services firms in March, more easing seen
Weak demand hits China factory, services firms in March, more easing seen
BEIJING/SHANGHAI (Reuters) – Surveys of China’s factory and services sectors showed stubborn weakness in the world’s second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. Three separate surveys showed Chinese companies shed jobs last month as they struggled with soft demand and deflationary pressures, suggesting that economic growth may have slipped below 7 percent in the first quarter of 2015, which would be the weakest in six years.
31 March, 2015 by The TZ Newswire Staff Comments Off on Asian stocks sag, dollar falls vs yen as Nikkei recoils
Asian stocks sag, dollar falls vs yen as Nikkei recoils
Asian stocks were mostly lower on Wednesday, taking their lead from weaker U.S. shares, while the dollar slid against the yen as Tokyo’s Nikkei recoiled in volatile trade. Crude oil prices continued to decline as negotiations between Iran and world powers over nuclear technology extended beyond a deadline. Asia’s decliners included South Korean, Australian, Malaysian and Indonesian stocks. MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed, meandering in and out of the red.
31 March, 2015 by The TZ Newswire Staff Comments Off on China says Taiwan welcome to join AIIB with appropriate name
China says Taiwan welcome to join AIIB with appropriate name
China welcomes Taiwan’s decision to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) as long as the self-ruled island uses an appropriate name, state news agency Xinhua reported on Wednesday. China’s Taiwan Affairs Office has received Taiwan’s letter of intent to join and has passed it to the AIIB’s interim secretariat, Xinhua cited Taiwan Affairs Office spokesman Ma Xiaoguang as saying.
31 March, 2015 by The TZ Newswire Staff Comments Off on GoDaddy IPO values company at $4.5 billion
GoDaddy IPO values company at $4.5 billion
At this price, the IPO would raise $440 million. A GoDaddy spokesman did not immediately respond to a request for comment. Etsy Inc, which operates a website that sells handmade goods and craft supplies, said Tuesday its initial public offering was expected to be priced at $14-$16 per share, valuing it at $1.78 billion.
31 March, 2015 by The TZ Newswire Staff Comments Off on Oil prices edge lower as Iran talks extend beyond deadline
Oil prices edge lower as Iran talks extend beyond deadline
Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran’s nuclear program would be reached that could allow more Iranian crude into world markets. Talks between Iran and six world powers to settle a dispute around Tehran’s nuclear program extended beyond a Tuesday deadline, as the parties edged towards a deal but failed to agree on crucial details such as the lifting of U.N. sanctions. Brent crude for May delivery (LCOc1) was down 10 cents at $55.01 a barrel by 1.12 a.m. ET, after settling down $1.18 on Tuesday.
31 March, 2015 by The TZ Newswire Staff Comments Off on Ex-Goldman programmer faces second U.S. trial on code theft charges
Ex-Goldman programmer faces second U.S. trial on code theft charges
A former Goldman Sachs Group Inc (GS.N) computer programmer charged with stealing code from the investment bank is scheduled to go on trial on Wednesday, the second time in five years he will be in front of a jury for essentially the same accusations. The trial for Sergey Aleynikov, 45, is scheduled to take place in Manhattan state court over a 2009 episode in which Goldman says he stole the computer code as he prepared to leave for a high-frequency trading startup.
31 March, 2015 by The TZ Newswire Staff Comments Off on RadioShack co-branding of stores with Sprint wins court approval
RadioShack co-branding of stores with Sprint wins court approval
The stores are what survived of more than 4,000 outlets after RadioShack went bankrupt in February. Judge Brendan Shannon, in Delaware bankruptcy court, approved a sale of the stores to the Standard General hedge fund, which plans to keep most of them open under a deal in which Sprint will occupy one-third of each space.