19 April, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Target website overwhelmed by demand for Lilly Pulitzer
The Wall Street Journal: Target website overwhelmed by demand for Lilly Pulitzer
Target Corp.’s website goes down in the morning, overwhelmed by shoppers clamoring for a piece of a Lilly Pulitzer collection that is selling for a fraction of the price of the Palm Beach label’s luxury clothes.
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19 April, 2015 by The TZ Newswire Staff Comments Off on Talks with Greece have gained momentum but still long way from target: IMF
Talks with Greece have gained momentum but still long way from target: IMF
Global lenders’ negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund’s European head told a German newspaper. Athens has been stuck in negotiations with its euro zone partners and the IMF over economic reforms required by its lenders to unlock remaining bailout funds.
19 April, 2015 by The TZ Newswire Staff Comments Off on Oil extends gains on lower U.S. rig count, Chinese stimulus
Oil extends gains on lower U.S. rig count, Chinese stimulus
Oil prices rose on Monday, extending last week’s gains as a drop in the number of U.S. rigs drilling for crude pointed to lower supply later in the year, while China’s latest stimulus measure also underpinned the market. While the drop slowed, suggesting the collapse in drilling could be coming to an end, Schlumberger Ltd (SLB.N), the world’s largest oilfield services company, said an eventual recovery in U.S. oil drilling activity may never reach last year’s frenzied pace. Brent crude (CLOc1) was up 70 cents at $64.15 a barrel by 0532 GMT.
19 April, 2015 by The TZ Newswire Staff Comments Off on Why China’s RRR cut reeks of desperation
Why China’s RRR cut reeks of desperation
The People’s Bank of China is “desperate” to control Shanghai’s stock rally, experts said, following the central bank’s reserve requirement ratio cut.
19 April, 2015 by The TZ Newswire Staff Comments Off on Buyer’s remorse? Brands with the best resale value
Buyer’s remorse? Brands with the best resale value
Online consignment and thrift store thredUP has compiled a list of brands that earn consumers the most cash when they’re resold.
19 April, 2015 by The TZ Newswire Staff Comments Off on Craig Stephen’s This Week in China: Can Beijing tame China’s bull market?
Craig Stephen’s This Week in China: Can Beijing tame China’s bull market?
China’s wild bull market may be all about finding a good way to recapitalize state-owned enterprises, a strategy fraught with risk, writes Craig Stephen.
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19 April, 2015 by The TZ Newswire Staff Comments Off on China Floats QE Trial Balloon, PBoC May Launch LTROs
China Floats QE Trial Balloon, PBoC May Launch LTROs
A little over a month ago we suggested that QE in China may take the form of local government debt purchases by the PBoC. As a reminder, China is allowing local governments to refinance a portion of their ~17 trillion yuan debt pile by swapping it for lower yielding bonds. As a percentage of GDP, local government debt has grown to 35% and because a sizeable amount was accumulated off balance sheet via shadow banking channels, it carries relatively high interest rates.