21 May, 2015 by The TZ Newswire Staff Comments Off on China-backed AIIB sets target to be operational by year-end
China-backed AIIB sets target to be operational by year-end
SINGAPORE/NEW DELHI (Reuters) – China-backed Asia Infrastructure Investment Bank (AIIB) on Friday set an ambitious target to become operational by the end of the year after a three-day meeting of prospective founding member nations in Singapore. AIIB said in a statement that the meeting finalised the articles of agreement, which are expected to be ready for signing by the end of June, but did not give details. Delegates told Reuters that China would likely take a 25-30 percent stake in the bank, and India was likely to be the second-largest shareholder.
21 May, 2015 by The TZ Newswire Staff Comments Off on This F1 chief is fighting a $1.5 billion tax bill
This F1 chief is fighting a $1.5 billion tax bill
F1 supremo Bernie Ecclestone has taken legal action against British tax officials after facing a demand for payment of more than $1.5 billion.
21 May, 2015 by The TZ Newswire Staff Comments Off on House lawmaker issues subpoena to Fed over leak
House lawmaker issues subpoena to Fed over leak
The chairman of a U.S. congressional committee subpoenaed Fed documents and communications related to a 2012 leak of information.
21 May, 2015 by The TZ Newswire Staff Comments Off on David Cameron’s New Thought Police
David Cameron’s New Thought Police
Submitted by Pater Tenebrarum via Acting-Man.com,
You May No Longer Think Wrong Thoughts, Citizen
Shortly after the election victory that probably surprised no-one more than himself, David Cameron launched into explaining to the hoi-polloi what further transmogrification of the State is in store now that he’s got a free hand. He inter alia elated the audience with the following zinger:
21 May, 2015 by The TZ Newswire Staff Comments Off on Commodities Corner: OPEC may condemn the world to an oil glut for years
Commodities Corner: OPEC may condemn the world to an oil glut for years
If OPEC doesn’t change its output ceiling, the global glut of oil is sure to stick around for a long time.
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21 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Health insurers seek hefty rate boosts
The Wall Street Journal: Health insurers seek hefty rate boosts
In New Mexico, market leader Health Care Service Corp.
21 May, 2015 by The TZ Newswire Staff Comments Off on Mazda, Subaru, Mitsubishi add 720,000 cars to Takata air bag recall
Mazda, Subaru, Mitsubishi add 720,000 cars to Takata air bag recall
Japan’s Mazda Motor Corp , Fuji Heavy Industries Ltd and Mitsubishi Motors Corp (7211.T) said on Friday they would recall about 720,000 more cars equipped with air bag inflators made by parts supplier Takata Corp (7312.T). The recalls follow similar moves last week by other Japanese automakers to replace Takata’s inflators. Regulators have linked six deaths worldwide to defective Takata air bags which exploded too violently and shot shrapnel into vehicles.