19 May, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil rebounds in Asia amid tensions in Yemen, supply data
Futures Movers: Oil rebounds in Asia amid tensions in Yemen, supply data
More definitive supply data is coming Wednesday, but early on, oil is up after getting wrecked on Tuesday.
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19 May, 2015 by The TZ Newswire Staff Comments Off on Market Extra: ECB sends a message on bond buying
Market Extra: ECB sends a message on bond buying
The European Central Bank’s plan to begin “front loading” bond purchases might also be a hint that it isn’t contemplating an early end to its quantitative-easing program.
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19 May, 2015 by The TZ Newswire Staff Comments Off on UBS says to settle FX probe, pay $545 million, plead guilty over Libor
UBS says to settle FX probe, pay $545 million, plead guilty over Libor
UBS (UBSG.VX) said on Wednesday it has settled a probe by U.S. authorities over alleged rigging of currency markets by agreeing to pay $545 million in combined fines and pleading guilty to one count of wire fraud in a separate matter. The Swiss bank’s disclosure comes as part of what is expected to be a combined bill of more than $5 billion and criminal charges for five of the world’s biggest banks in a settlement with U.S. and British authorities over the foreign exchange probe.
19 May, 2015 by The TZ Newswire Staff Comments Off on Yahoo shares fall on worries of possible U.S. tax change on spinoffs
Yahoo shares fall on worries of possible U.S. tax change on spinoffs
Yahoo Inc (YHOO.O) shares fell 7.6 percent on Tuesday on concerns that a possible change in U.S. tax regulations would affect Yahoo’s planned spinoff of its stake in Alibaba Group Holding Ltd (BABA.N). The change – discussed by a U.S. Internal Revenue Service (IRS) official in Washington – could complicate the plan announced by Yahoo in January to spin off its 15 percent stake in Alibaba tax free. Yahoo said in a statement that it understood the IRS statement was not specific to Yahoo’s planned spin-off of its remaining stake in Alibaba Group and its Small Business unit.
19 May, 2015 by The TZ Newswire Staff Comments Off on Apple, Android app makers cool to Microsoft overtures
Apple, Android app makers cool to Microsoft overtures
Microsoft’s plan to make its new version of Windows a mobile hit by letting it accept tweaked Apple and Android apps has met an obstacle: some of the software developers the company needs to woo just aren’t interested. Windows phones accounted for just 3 percent of global smartphone sales last year, compared with about 81 percent for devices with Google’s Android system and 15 percent for Apple and its iOS system, according to research firm IDC.
19 May, 2015 by The TZ Newswire Staff Comments Off on Holcim says plans 120 job cuts ahead of merger with Lafarge
Holcim says plans 120 job cuts ahead of merger with Lafarge
Swiss cement maker Holcim said on Wednesday it would cut 120 jobs in Switzerland, ahead of its merger with French peer Lafarge . Lafarge said on Tuesday it plans to cut 380 jobs. Lafarge and Holcim have …
19 May, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar higher after strong U.S. data, ECB bond comments
Currencies: Dollar higher after strong U.S. data, ECB bond comments
Dollar hits a two-month high against yen, stretches gains against euro, but a wait-and see stance is likely as Fed minutes loom.
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