29 April, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Bank of Japan stands pat as inflation weakens
The Wall Street Journal: Bank of Japan stands pat as inflation weakens
The Bank of Japan leaves its policy unchanged, sticking to the view that Japan is still on track to achieve 2% inflation despite stagnating price growth and lingering speculation that further action is needed.
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29 April, 2015 by The TZ Newswire Staff Comments Off on Katy Perry lights up cross-straits political fireworks
Katy Perry lights up cross-straits political fireworks
Katy Perry made headlines in Taiwan after she draped herself in the country’s flag while performing “Unconditionally” on Tuesday.
29 April, 2015 by The TZ Newswire Staff Comments Off on Stocks slip, euro near two-month high as US economy loses steam
Stocks slip, euro near two-month high as US economy loses steam
Asian stocks stumbled on Thursday while the euro held near two-month highs against the dollar after surprisingly downbeat first-quarter economic growth in the United States – a key export destination for many of the region’s economies. Spreadbetters expected the equity markets to stabilize a little in Europe, forecasting Britain’s FTSE, Germany’s DAX and France’s CAC to open flat to slightly firmer. The disappointing news on the world’s biggest economy comes on top of a worrying slowdown in China and persistent worries about Europe as Greece scrambles to avoid bankruptcy.
29 April, 2015 by The TZ Newswire Staff Comments Off on GM to invest billions of dollars in U.S. plants: source
GM to invest billions of dollars in U.S. plants: source
General Motors (GM.N) on Thursday will announce a multibillion-dollar, multiyear investment in several U.S. manufacturing plants in a move to boost production and vehicle quality, a person familiar with the matter said. GM has scheduled a press conference at its stamping plant in Pontiac, Michigan, to make a “major U.S. manufacturing announcement.” A spokesman declined to provide further details. The largest U.S. automaker is expected to reveal plans to make capital investments in plants and equipment, including body shops and stamping plants, said the person, who asked not to be identified.
29 April, 2015 by The TZ Newswire Staff Comments Off on Microsoft targets $20 billion in annual cloud revenue by 2018
Microsoft targets $20 billion in annual cloud revenue by 2018
Microsoft Corp is targeting $20 billion in annual revenue from its cloud-computing businesses by the end of fiscal 2018, Chief Executive Satya Nadella said on Wednesday, signaling a tripling of such revenue in three years. Microsoft said last week that its total commercial cloud revenue, which includes online versions of its Office and Dynamics applications, is running at $6.3 billion per year.
29 April, 2015 by The TZ Newswire Staff Comments Off on Salesforce working to field takeover offers: Bloomberg
Salesforce working to field takeover offers: Bloomberg
Cloud software company Salesforce.com Inc is working with financial advisers to help it field takeover offers after being approached by a potential acquirer, Bloomberg said, citing people with knowledge …
29 April, 2015 by The TZ Newswire Staff Comments Off on Greece prepares reform bill, lenders seek concessions
Greece prepares reform bill, lenders seek concessions
ATHENS/BRUSSELS (Reuters) – Euro zone officials sought to wring policy concessions from Greece on Wednesday to unlock urgently needed aid after Athens said it would present a list of reforms for legislation to show it is serious about implementing its promises. The draft bill was not expected to include major novelties beyond measures already discussed with EU and IMF lenders, but Athens is hoping it will speed up slow-moving talks and permit at least an initial deal to ease its searing cash crunch.