26 May, 2015 by The TZ Newswire Staff Comments Off on Market Extra: Ryanair glides toward all-time high after profit soars 66%
Market Extra: Ryanair glides toward all-time high after profit soars 66%
Shares of Ryanair ascends as much as 6.6% after full-year earnings confirm the low-cost carrier’s new strategy is paying off.
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26 May, 2015 by The TZ Newswire Staff Comments Off on Varoufakis says Greece committed to reforms, rules out more austerity
Varoufakis says Greece committed to reforms, rules out more austerity
Greece is committed to liberalizing its economy, reforming its pension system and running a reasonable primary budget surplus, Finance Minister Yanis Varoufakis wrote on Tuesday. It must repay four loans totaling 1.6 billion euros ($1.75 billion) to the International Monetary Fund next month. Varoufakis said Athens was prepared to implement a series of reforms.
26 May, 2015 by The TZ Newswire Staff Comments Off on Shake-up in key Samsung assets to cement heir’s grip as succession looms
Shake-up in key Samsung assets to cement heir’s grip as succession looms
Samsung Group’s de facto holding company on Tuesday sought another cornerstone as it reconstructs South Korea’s biggest conglomerate to smooth the path for management succession, offering more than $8 billion to buy an affiliate with a key stake in flagship firm Samsung Electronics. Cheil Industries Inc, with interests from construction to fashion, is offering new stock priced at about 8.9 trillion won ($8.11 billion) to buy building firm Samsung C&T Corp.
26 May, 2015 by The TZ Newswire Staff Comments Off on Buffett-backed Chinese automaker BYD plans up to $1.9 billion placement: IFR
Buffett-backed Chinese automaker BYD plans up to $1.9 billion placement: IFR
Chinese automaker BYD Co Ltd , backed by Warren Buffett’s Berkshire Hathaway Inc , plans to raise up to $1.9 billion in a share offering in mainland China, IFR reported on Tuesday, citing a source familiar …
26 May, 2015 by The TZ Newswire Staff Comments Off on British-based banks planning for EU ‘no’ stymied by lack of European office space
British-based banks planning for EU ‘no’ stymied by lack of European office space
A shortage of prime office space in rival European financial centers may torpedo plans by some of London’s banks to quit the UK capital if Britain opts out of European Union membership. Prime Minister David Cameron has promised to renegotiate Britain’s relationship with the EU and then hold a vote by the end of 2017 on whether to stay in the bloc or leave.
26 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Memorial Day box office at lowest since 2001 as ‘Tomorrowland’ flops
The Wall Street Journal: Memorial Day box office at lowest since 2001 as ‘Tomorrowland’ flops
The key reason for empty multiplexes was the weak performance of “Tomorrowland,” the holiday weekend’s sole new big-budget movie and a rare misfire for Walt Disney.
26 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Greek deal hobbled by hard-left split in Syriza party
The Wall Street Journal: Greek deal hobbled by hard-left split in Syriza party
Greek leader Alexis Tsipras’s difficulty in selling a compromise to Syriza’s hard left, as well as to other parts of the ruling party, has become the largest obstacle to a deal.
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