31 May, 2015 by The TZ Newswire Staff Comments Off on Top US fund managers attack regulators
Top US fund managers attack regulators
U.S. fund managers have launched a new attack on global regulators as they fight a rearguard action against proposed rules. The FT reports.
31 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Senate advances legislation curbing NSA surveillance program
The Wall Street Journal: Senate advances legislation curbing NSA surveillance program
The Senate action didn’t come quickly enough to forestall the expiration at midnight of crucial provisions of the USA Patriot Act, including the controversial phone-data collection program.
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31 May, 2015 by The TZ Newswire Staff Comments Off on China’s factories slow to respond to stimulus, South Korea exports dive
China’s factories slow to respond to stimulus, South Korea exports dive
The focus now shifts to the United States and parts of Europe, where hopes are pinned on stronger factory activity to offset the global downdraft from China. China reported on Monday its official manufacturing Purchasing Managers’ Index (PMI) edged up to 50.2 in May, from 50.1 in April and creeping back into expansion territory. A separate survey showed growth in China’s services industry cooled in May, with the non-manufacturing PMI slipping to 53.2, from 53.4.
31 May, 2015 by The TZ Newswire Staff Comments Off on The U.S. oil fracker’s dilemma: crouch or pounce?
The U.S. oil fracker’s dilemma: crouch or pounce?
U.S. shale oil producers, having weathered the worst price plunge in their industry’s brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices. The U.S. oil rig count, after being sliced by more than half since November as producers cut spending, appears to have nearly bottomed out, analysts say.
31 May, 2015 by The TZ Newswire Staff Comments Off on Britain to launch Lloyds retail share offer in next 12 months
Britain to launch Lloyds retail share offer in next 12 months
Britain’s finance ministry said on Monday that it would launch a sale of shares in Lloyds Banking Group (LLOY.L) to private retail investors in the next 12 months. The government also said it would extend a trading facility enabling it to sell more shares in Lloyds until the end of the year. Lloyds was bailed out at a cost of 20 billion pounds ($30.59 billion) to taxpayers during the 2007-9 financial crisis, leaving the government holding a 41 percent stake in the bank.
31 May, 2015 by The TZ Newswire Staff Comments Off on Washington finds unlikely ally in OPEC as biofuels debate rages
Washington finds unlikely ally in OPEC as biofuels debate rages
The lowest oil prices in over six years have fueled a resurgence in U.S. gasoline use in recent months as more Americans take to the road. Demand is expected to climb 1.5 percent this year to nearly 139 billion gallons (526 billion liters) according to the government’s most recent forecasts, enough to easily accommodate small increases in ethanol quotas without breaching the so-called “blend wall” that refiners say puts a cap on blending at around 10 percent of total gasoline and diesel supply.
31 May, 2015 by The TZ Newswire Staff Comments Off on Woman throws out rare Apple-1 worth $200K
Woman throws out rare Apple-1 worth $200K
A Silicon Valley-based recycling company is looking for a lady who dropped off a rare Apple computer, so it can give her $100,000.