28 April, 2015 by The TZ Newswire Staff Comments Off on Could Russell Brand decide the UK election?
Could Russell Brand decide the UK election?
The leader of the U.K.’s Labour party has tried to give his election campaign a boost by meeting with activist Russell Brand to talk… tax.
28 April, 2015 by The TZ Newswire Staff Comments Off on Fed meeting seen as chance to nudge markets on rate hike timing
Fed meeting seen as chance to nudge markets on rate hike timing
The Fed previously ruled out raising rates at the end of its two-day meeting on Wednesday, and the chances of a hike at the June meeting, while still on the table, have steadily decreased amid a drum-beat of weak first-quarter economic data. Economists say September is more likely than June for the Fed’s so-called “lift-off.” It has kept rates near zero since late 2008 as part of its effort to spur the recovery from the financial crisis.
28 April, 2015 by The TZ Newswire Staff Comments Off on Volkswagen first quarter profit jumps 17 percent on Europe recovery, cost cuts
Volkswagen first quarter profit jumps 17 percent on Europe recovery, cost cuts
Volkswagen (VOWG_p.DE) increased operating profit in the first quarter on cost cuts and improving European auto demand, winning some respite after the shock ouster of Chairman Ferdinand Piech. Operating profit jumped 17 percent to 3.33 billion euros ($3.65 billion), from 2.86 billion a year earlier, VW said on Wednesday, close to the top end of a range of analyst estimates in a Reuters poll and above the forecast average of 3.12 billion euros.
28 April, 2015 by The TZ Newswire Staff Comments Off on Barclays takes extra $1.2 billion hit for potential FX settlements
Barclays takes extra $1.2 billion hit for potential FX settlements
Barclays (BARC.L) set aside another 800 million pounds ($1.2 billion) on Wednesday to cover potential settlements for alleged foreign exchange manipulation, dragging its profits down by a quarter. Barclays said it had now set aside 2.05 billion pounds to cover any FX settlement, after the extra provision to reflect “developments with certain authorities” since it last reported in March. Barclays pulled out of a settlement between U.S. and UK authorities and six rival banks in November because it had not reached a deal with New York’s regulator.
28 April, 2015 by The TZ Newswire Staff Comments Off on Absence of contagion changes whole Greek game
Absence of contagion changes whole Greek game
If fear of Europe-wide financial wildfire was Athens’ trump card in its standoff with euro zone creditors – then the card has now turned up a dud. A reprise of 2010/2011 would have seen any threat of Greek default or euro exit infecting markets everywhere and sending government borrowing costs across Italy, Spain, Ireland and Portugal soaring, heaping pressure on the Eurogroup to move closer to Athens’ demands to prevent a systemic euro collapse.
28 April, 2015 by The TZ Newswire Staff Comments Off on Matthew Lynn’s London Eye: London should embrace adultery site Ashley Madison
Matthew Lynn’s London Eye: London should embrace adultery site Ashley Madison
London is balking at letting adultery website Ashley Madison float its initial public offering there, but Matthew Lynn lists three good reasons to embrace Ashley Madison.
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28 April, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Spectrum Brands to buy Armored AutoGroup in $1.4 billion deal
The Wall Street Journal: Spectrum Brands to buy Armored AutoGroup in $1.4 billion deal
Spectrum Brands Holdings Inc. agreed to acquire Armored AutoGroup Parent Inc.