16 April, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: China shares rise as investors hunt large caps
Asia Markets: China shares rise as investors hunt large caps
China shares rise as continued bargain hunting for large caps pushes up Shanghai, while Australia falls, tracking losses in the U.S.
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16 April, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: China halts contentious bank-tech rules
The Wall Street Journal: China halts contentious bank-tech rules
China suspended bank-technology rules that drew protests from the U.S.
16 April, 2015 by The TZ Newswire Staff Comments Off on Brent crude oil prices fall as OPEC production soars
Brent crude oil prices fall as OPEC production soars
Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (OPEC) said that its March production jumped 810,000 barrels per day (bpd), to 30.79 million bpd which is equivalent to a third of global supply. “It seems Saudi Arabia has not had enough of low oil prices,” Singapore-based Phillip Futures said. Front-month Brent crude futures (LCOc1) were down half a dollar at $63.48 a barrel at 12.52 a.m.
16 April, 2015 by The TZ Newswire Staff Comments Off on Fed may allow banks to use muni bonds to meet liquidity rules: WSJ
Fed may allow banks to use muni bonds to meet liquidity rules: WSJ
The Fed had excluded debt issued by cities and states when it approved liquidity rules for large banks in September, part of a global effort to make banks such as JPMorgan Chase and Citigroup more resilient in a financial crisis. Fed officials had at that time said they did not think the rule would have significant implications for the $3.7 trillion municipal bond market.
16 April, 2015 by The TZ Newswire Staff Comments Off on Fed officials lean all ways on rate hikes, data in focus
Fed officials lean all ways on rate hikes, data in focus
Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year. The Fed’s June meeting, Yellen said last month, is the earliest date for a start to the Fed’s first round of monetary policy tightening in more than a decade. On Thursday, Vice Chair Stanley Fischer emphasized the determining role of data on the exact timing of a rate hike at some point later this year.
16 April, 2015 by The TZ Newswire Staff Comments Off on AmEx revenue misses on strong dollar, loss of co-branded tie-ups
AmEx revenue misses on strong dollar, loss of co-branded tie-ups
AmEx’s shares fell 1.4 percent to $79.80 after the bell on Thursday. Revenue from international operations, net of interest expense, fell 8 percent to $1.24 billion in the quarter ended March 31, accounting for about 16 percent of AmEx’s total revenue. Total revenue, net of interest expense, fell 2.7 percent to $7.95 billion. AmEx also said the termination of several co-branded relationships, including that with Costco Wholesale Corp in Canada last year, hurt revenue.
16 April, 2015 by The TZ Newswire Staff Comments Off on With SUVs, Chinese carmakers at last unsettle foreign brands
With SUVs, Chinese carmakers at last unsettle foreign brands
In the first three months of this year, that number jumped to eight – a sign that Chinese automakers may have found their sweet-spot to battle foreign rivals in the world’s biggest car market. Despite preferential government policies, local carmakers have failed to really compete with foreign automakers like Volkswagen AG (VOWG_p.DE) and General Motors in sedan sales.