1 April, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil prices ease on uncertainty around Iran nuclear talks
Futures Movers: Oil prices ease on uncertainty around Iran nuclear talks
Crude-oil futures eased in Asian trade after strong overnight gains as uncertainty around U.S.-Iran nuclear talks continued to drive volatility in oil markets.
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1 April, 2015 by The TZ Newswire Staff Comments Off on Euro/dollar to reach parity by May: Pro
Euro/dollar to reach parity by May: Pro
Tony Nash, global vice president of Delta Economics, expects the euro/dollar to reach parity by early May this year.
1 April, 2015 by The TZ Newswire Staff Comments Off on Doubts over U.S. growth cool dollar rally
Doubts over U.S. growth cool dollar rally
The U.S. dollar lost ground on Thursday, the last trading day of the week for many markets ahead of Easter, after disappointing economic data on Wednesday raised doubts over the growth outlook ahead of key jobs data due Friday. Thursday’s pullback in the U.S. dollar index (.DXY), which is still up some 8 percent year-to-date, gave a boost to emerging-market stocks (.MSCIEF) — trading at a one-month high — as main emerging currencies strengthened against the dollar.
1 April, 2015 by The TZ Newswire Staff Comments Off on Oil eases below $57 as Iran, big powers negotiate
Oil eases below $57 as Iran, big powers negotiate
Oil prices slipped on Thursday as officials from the big global powers remained locked in nuclear talks with Iran that, if successful, could allow the Islamic state to release more crude oil onto world markets. Negotiations on Tehran’s disputed nuclear program have stretched well beyond a self-imposed March 31 deadline, with diplomats saying the chances of a preliminary accord in the next few hours are finely balanced.
1 April, 2015 by The TZ Newswire Staff Comments Off on McDonald’s raising average worker wage to about $10 an hour
McDonald’s raising average worker wage to about $10 an hour
McDonald’s Corp (MCD.N) plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who make their own wage decisions. Workers groups said the move by McDonald’s, which is also adding benefits such as paid vacations, fell short of their goals. McDonald’s, which announced the increases on Wednesday, has been fighting weak traffic and slumping sales in the United States.
1 April, 2015 by The TZ Newswire Staff Comments Off on China Internet agency says Google move ‘unacceptable’
China Internet agency says Google move ‘unacceptable’
A Chinese Internet agency said on Thursday that Google Inc’s decision to no longer recognize certificates of trust issued by the authority is “unacceptable and unintelligible”. Google said on its official security blog on Wednesday that it would no longer recognize the China Internet Network Information Centre (CNNIC) certificate authorities, following an investigation into a potential security lapse.
1 April, 2015 by The TZ Newswire Staff Comments Off on Bank of America at center stage in U.S. top court bankruptcy case
Bank of America at center stage in U.S. top court bankruptcy case
As the U.S. Supreme Court on Wednesday considered the case of a Massachusetts homeowner battling his mortgage lender over a bankruptcy plan, several justices focused their attention on his unlikely ally: Bank of America Corp. Bank of America, one of the largest U.S. banks, filed a friend-of-the-court brief in support of Louis Bullard, who owes community bank Blue Hills Bancorp Inc $387,000 for the mortgage on a property in the town of Randolph.