27 May, 2015 by The TZ Newswire Staff Comments Off on Why we have to be ‘very careful’ on QE: ECB’s Nowotny
Why we have to be ‘very careful’ on QE: ECB’s Nowotny
The ECB will have to be “very careful” to unwind its trillion-euro bond-buying program, a leading member of the bank’s governing council has warned.
27 May, 2015 by The TZ Newswire Staff Comments Off on Gucci’s 50% price-cut triggers mad rush in China
Gucci’s 50% price-cut triggers mad rush in China
Chinese consumers rush en masse to the nation’s Gucci outlets after the fashion house cuts many of its prices in half.
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27 May, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil tries to stabilize ahead of weekly U.S. inventory data
Futures Movers: Oil tries to stabilize ahead of weekly U.S. inventory data
More definitive stockpile data from the U.S.
27 May, 2015 by The TZ Newswire Staff Comments Off on Caixin Online: In China, Shenzhen real estate is rebounding from long slump
Caixin Online: In China, Shenzhen real estate is rebounding from long slump
After a long slump for China’s real-estate market, properties are selling like hot cakes in the southern city of Shenzhen.
27 May, 2015 by The TZ Newswire Staff Comments Off on Asian shares drop, dollar hits 13-year high versus yen
Asian shares drop, dollar hits 13-year high versus yen
Asian shares shed gains on Thursday as the Chinese, Hong Kong and Australian markets slipped, while the dollar scaled a 13-year peak against the yen as it rallied on expectations the U.S. Federal Reserve will raise rates this year. Hong Kong’s Hang Seng index (.HSI) shed 1.4 percent. Japan’s Nikkei (.N225) bucked the downtrend, as the weaker yen helped keep the index on track for its 10th consecutive rise, which would give it the longest winning streak since February 1988.
27 May, 2015 by The TZ Newswire Staff Comments Off on Japan April retail sales rebound, ease pressure on BOJ
Japan April retail sales rebound, ease pressure on BOJ
Japan’s retail sales rebounded modestly in the year to April after three straight months of falls, bolstering the central bank’s case that consumer spending is reviving to underpin a steady economic recovery. The data adds to signs of improvement in consumer confidence and eases pressure on the Bank of Japan to expand its massive stimulus program in the near term, analysts say. Retail sales in April rose 5.0 percent from a year earlier, trade ministry data showed on Thursday, slightly below a median market forecast for a 5.4 percent increase.
27 May, 2015 by The TZ Newswire Staff Comments Off on EU officials dismiss Greek statement on aid agreement being drafted
EU officials dismiss Greek statement on aid agreement being drafted
Greece’s government on Wednesday said it is starting to draft an agreement with creditors that would pave the way for aid, but European officials quickly dismissed that as wishful thinking. Greece and its European and International Monetary Fund lenders have been locked in tortuous negotiations on a reforms agreement for four months without a breakthrough in sight.