6 April, 2015 by The TZ Newswire Staff Comments Off on Currencies: U.S. dollar bides time, while Aussie jumps after RBA holds steady
Currencies: U.S. dollar bides time, while Aussie jumps after RBA holds steady
The U.S.
6 April, 2015 by The TZ Newswire Staff Comments Off on Oil prices fall; Iran, China to discuss supplies
Oil prices fall; Iran, China to discuss supplies
Brent crude prices fell almost $1 a barrel on Tuesday, with an Iranian delegation in Beijing this week to push for more oil sales. Oil markets were also pressured as Goldman Sachs (GS.N) said prices needed to remain low for months to achieve a slowdown in U.S. output growth. China is Iran’s largest trade partner and also its largest oil client, having bought roughly half of Iran’s total crude exports since 2012, when sanctions against Iran were tightened.
6 April, 2015 by The TZ Newswire Staff Comments Off on Brent falls over 1 percent after Goldman forecasts lower prices
Brent falls over 1 percent after Goldman forecasts lower prices
Brent crude fell more than 1 percent on Tuesday, paring overnight gains of nearly 6 percent, after Goldman Sachs (GS.N) said prices needed to remain low for months to achieve a slowdown in U.S. output growth. Benchmark prices had surged on Monday as traders pushed back expectations of how quickly Iran might increase exports after a preliminary nuclear deal and judged that a months-long rise in U.S. crude inventories may be slowing. Brent May crude (LCOc1) dropped 63 cents to $57.49 a barrel by 0453 GMT after hitting $58.24 in the previous session, its highest since March 27.
6 April, 2015 by The TZ Newswire Staff Comments Off on Asia up on Wall Street’s lead, Aussie jumps as RBA stands pat
Asia up on Wall Street’s lead, Aussie jumps as RBA stands pat
Asian stocks rose on Tuesday, following a positive lead from Wall Street, while the dollar held onto its gains after rebounding against the euro and yen on higher U.S. Treasury yields. The Australian dollar jumped after the Reserve Bank of Australia surprised some by standing pat on monetary policy, leaving the cash rate at a record low 2.25 percent.
6 April, 2015 by The TZ Newswire Staff Comments Off on Asia up on Wall Street’s lead, Aussie jumps as RBA stands pat
Asia up on Wall Street’s lead, Aussie jumps as RBA stands pat
Asian stocks rose on Tuesday, following a positive lead from Wall Street, while the dollar held onto its gains after rebounding against the euro and yen on higher U.S. Treasury yields. The Australian dollar jumped after the Reserve Bank of Australia surprised some by standing pat on monetary policy, leaving the cash rate at a record low 2.25 percent.
6 April, 2015 by The TZ Newswire Staff Comments Off on FedEx to buy TNT to expand Europe deliveries
FedEx to buy TNT to expand Europe deliveries
FedEx Corp (FDX.N) is seeking to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros ($4.8 billion), aiming to succeed where United Parcel Service (UPS.N) failed two years ago when its bid was blocked by competition regulators. FedEx and TNT (TNTE.AS) said on Tuesday they did not expect significant opposition from regulators. Unlike FedEx, UPS already had a strong European network when it bid for TNT. FedEx will offer 8 euros in cash per ordinary TNT share, in a deal that would give the U.S.
6 April, 2015 by The TZ Newswire Staff Comments Off on FedEx to buy TNT to expand Europe deliveries
FedEx to buy TNT to expand Europe deliveries
FedEx said it will pay 8 euros in cash per ordinary TNT Express share, a premium of 33 percent over TNT’s closing price of 6 euros on the Amsterdam exchange on April 2. The deal, which has been unanimously recommended and supported by TNT Express’ board, represents an implied equity value for TNT Express of 4.4 billion euros ($4.8 billion), the companies said in a statement on Tuesday.