26 April, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: BP told U.K. government would oppose a foreign takeover
The Wall Street Journal: BP told U.K. government would oppose a foreign takeover
The U.K.
26 April, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Some Europe ministers suggest ‘Plan B’ if Greece talks fail
The Wall Street Journal: Some Europe ministers suggest ‘Plan B’ if Greece talks fail
A push into one of the remaining no-go areas after five years of debt crisis shows the extent to which many of the eurozone’s decision makers no longer believe a deal on new bailout aid for the government in Athens can be sealed before the old one expires at the end of June.
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26 April, 2015 by The TZ Newswire Staff Comments Off on China Considers Launching QE; Shanghai Stocks Soar
China Considers Launching QE; Shanghai Stocks Soar
Nearly two months ago we explained “How Beijing Is Responding To A Soaring Dollar, And Why QE In China Is Now Inevitable” in which we cited Cornerstone who reminded us “that from 2007 to late 2008, U.S. fed funds dropped 500 bp, and then the Fed still needed to do QE? The backdrop for China looks a bit similar. We had a credit bubble, they have a credit bubble. We had a housing bubble, they have a housing/investment bubble.
26 April, 2015 by The TZ Newswire Staff Comments Off on In pictures: Nepal’s devastating earthquake
In pictures: Nepal’s devastating earthquake
Rescue efforts are underway in Nepal after a massive earthquake struck near the country’s capital, leaving behind a trail of death and destruction.
26 April, 2015 by The TZ Newswire Staff Comments Off on Cap Gemini to buy U.S.-based IGATE for $4 billion, raises 2015 outlook
Cap Gemini to buy U.S.-based IGATE for $4 billion, raises 2015 outlook
Cap Gemini plans to buy United States-based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday. IGATE, a technology and services company with strength in the financial services sector but also active in retail, manufacturing and healthcare, had 2014 revenue of $1.3 billion, with double-digit growth and a 19 percent operating margin.
26 April, 2015 by The TZ Newswire Staff Comments Off on Deutsche Bank pledges overhaul, shares slide
Deutsche Bank pledges overhaul, shares slide
Deutsche Bank (DBKGn.DE) will cut 200 billion euros ($217.5 billion) in investment bank assets and exit a tenth of the countries in which it operates as part of a restructuring program designed to boost earnings and cut risk. After sticking with its costly universal banking model in the aftermath of the financial crisis, Germany’s largest bank is under pressure from investors to follow rivals such as UBS (UBSN.VX) and Credit Suisse (CSGN.VX) by culling unprofitable operations.
26 April, 2015 by The TZ Newswire Staff Comments Off on China plans to cut number of big state firms to 40: state media
China plans to cut number of big state firms to 40: state media
China will likely cut the number of its central government-owned conglomerates to 40 through massive mergers, as Beijing pushes forward a sweeping plan to overhaul the country’s underperforming state sector, state media reported on Monday. “Resources will be increasingly concentrated on large enterprises to avoid cut-throat competition, like what CSR Corp Ltd and China CNR Corp Ltd did when competing against each other for projects overseas,” the newspaper said.