13 May, 2015 by The TZ Newswire Staff Comments Off on Chinese Iron Ore Prices Plunge After CISA Warns Of Persistent Overcapacity
Chinese Iron Ore Prices Plunge After CISA Warns Of Persistent Overcapacity
Having rebounded along with practically every other risk-asset class in the world over the last month or so, Chinese Iron Ore futures are collapsing tonight.
13 May, 2015 by The TZ Newswire Staff Comments Off on Yes! Airlines freeing up more frequent flier seats
Yes! Airlines freeing up more frequent flier seats
A new survey of the world’s largest airlines finds carriers have increased the percentage of flights with seats available for reward travel.
13 May, 2015 by The TZ Newswire Staff Comments Off on 3 Things Investors Need To Know About ABC’s 2015-2016 Fall Schedule
3 Things Investors Need To Know About ABC’s 2015-2016 Fall Schedule
13 May, 2015 by The TZ Newswire Staff Comments Off on Euro at three-month high, bond yields key
Euro at three-month high, bond yields key
The euro hit a three-month high against the dollar on Thursday, drawing further support from a sustained surge in euro zone government bond yields that again kept global stock markets on the defensive. The euro rose above $1.14, bringing its gains against the U.S. currency in the last month to nearly 9 percent as the difference between benchmark U.S. and euro zone 10-year yields shrinks from the euro-lifetime high touched in March.
13 May, 2015 by The TZ Newswire Staff Comments Off on DuPont wins board proxy fight against activist investor Peltz
DuPont wins board proxy fight against activist investor Peltz
DuPont (DD.N) repelled a board challenge from activist investor Nelson Peltz on Wednesday, dealing him a surprising blow after shareholders backed all 12 directors nominated by the U.S. chemical conglomerate’s management. Peltz’s Trian Fund Management had sought four seats on the board, including one for himself, and had pushed the 213-year-old company to split its businesses to unlock more value for shareholders. DuPont stock closed down 6.8 percent at $69.33, making it the top percentage loser in the Standard & Poor’s 500 index (.SPX).
13 May, 2015 by The TZ Newswire Staff Comments Off on Apple, A123 close to settling battery hiring lawsuit
Apple, A123 close to settling battery hiring lawsuit
Apple Inc and electric battery maker A123 Systems are close to settling a legal dispute over claims that the smartphone and computer maker, which is also looking into building an electric vehicle, poached …
13 May, 2015 by The TZ Newswire Staff Comments Off on IDB puts Islamic finance on AIIB drawing board
IDB puts Islamic finance on AIIB drawing board
The Islamic Development Bank (IDB) is in discussions with Chinese officials to study the use of Islamic financing in the planned Asian Infrastructure Investment Bank (AIIB), the head of the Jeddah-based multilateral lender told Reuters. The move could spur the use of sukuk (Islamic bonds), which have gained prominence as funding tools for a range of countries in recent years, and among multilateral lenders to help fund some of Asia’s mounting infrastructure needs.