11 May, 2015 by The TZ Newswire Staff Comments Off on Demographic Devastation: Italy’s Birth Rate Drops To 150 Year Low
Demographic Devastation: Italy’s Birth Rate Drops To 150 Year Low
Italian women would “like to have more [children], but the conditions just aren’t good enough,” laments one new mother as CBS News reports, official figures show that in 2014 there were fewer babies born in Italy than at any time since 1861. “Nowadays people don’t want to raise their child in poverty,” but Pope Francis had a different opinion, as The Guardian reported, “a society with a greedy generation, that doesn’t want to surround itself
11 May, 2015 by The TZ Newswire Staff Comments Off on Asia stocks, euro falter as Greek crisis saps confidence
Asia stocks, euro falter as Greek crisis saps confidence
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent. The dollar was little changed at 120.19 yen after climbing modestly overnight as U.S. Treasury yields rose ahead of $64 billion in new debt supply hitting the market this week.
11 May, 2015 by The TZ Newswire Staff Comments Off on Most midsize SUVs fail tough U.S. crash test
Most midsize SUVs fail tough U.S. crash test
Most midsize SUVs being crash-tested by a U.S. safety group fared poorly, with the worst performer being the Dodge Journey, which sustained severe structural damages. Of the seven models tested, Nissan …
11 May, 2015 by The TZ Newswire Staff Comments Off on Bank parents or main units seen pleading guilty over FX: sources
Bank parents or main units seen pleading guilty over FX: sources
The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar with the matter said. A handful of banks will likely resolve forex-rigging investigations by the U.S. Justice Department as soon as this week: JPMorgan Chase & Co (JPM.N) Citigroup (C.N), British banks Royal Bank of Scotland (RBS.L) and Barclays (BARC.L) and Swiss bank UBS (UBSG.VX).
11 May, 2015 by The TZ Newswire Staff Comments Off on Castleton joins oil trade titans with Morgan Stanley deal
Castleton joins oil trade titans with Morgan Stanley deal
Castleton Commodities International will buy Morgan Stanley’s (MS.N) physical oil business, the largest and oldest on Wall Street, vaulting the Connecticut-based merchant into the big leagues of global crude and fuel traders. In a long-awaited deal that appears to mark the end of the Wall Street bank’s more than three-decade history as a major player in physical oil markets, Castleton will gain several dozen oil tank storage leases, physical oil supply and purchase contracts, and a team of about a hundred traders.
11 May, 2015 by The TZ Newswire Staff Comments Off on U.S. says MetLife too-big-to-fail lawsuit should be dismissed
U.S. says MetLife too-big-to-fail lawsuit should be dismissed
MetLife had in January became the first nonbank to challenge a decision by the Financial Stability Oversight Council, a panel led by Treasury Secretary Jacob Lew, that it qualified as a systemically important financial institution. Companies with the designation are subjected to Federal Reserve oversight, and could face tighter capital and liquidity requirements that might impede growth and profits. In an evening filing with the federal court in Washington, D.C., the U.S.
11 May, 2015 by The TZ Newswire Staff Comments Off on GE would offer concessions to win EU approval of Alstom deal: executive
GE would offer concessions to win EU approval of Alstom deal: executive
NEW YORK/BRUSSELS (Reuters) – General Electric Co (GE.N) said on Monday for the first time it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of France’s Alstom (ALSO.PA). “We are willing to explore remedies to get this deal done even though again we believe in the merits of the deal,” Steve Bolze, president and CEO of GE Power & Water, the conglomerate’s biggest industrial unit, told Reuters in an interview. Earlier on Monday, Reuters reported that the U.S.