27 May, 2015 by The TZ Newswire Staff Comments Off on Citi keeps top spot in FX trading as European banks slump: poll
Citi keeps top spot in FX trading as European banks slump: poll
European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup (C.N) grabbed business, according to widely watched industry rankings. Citigroup kept its top spot as the leading foreign exchange trading bank with a market share of 16.1 percent, up from 16 percent a year ago, according to the Euromoney FX Survey 2015.
27 May, 2015 by The TZ Newswire Staff Comments Off on Blocked in China, Twitter still courts Chinese firms for ads
Blocked in China, Twitter still courts Chinese firms for ads
Despite being blocked in China, Twitter (TWTR.N) is courting Chinese companies to buy advertising space on its service used by more than 300 million people elsewhere in the world. “It’s not a coincidence that we are here now,” Peter Greenberger, director of sales for emerging markets at Twitter, told Reuters on Tuesday. The San Francisco-based company already works with Chinese smartphone maker Xiaomi, online shopping giant Alibaba Group (BABA.N), white goods producer Qingdao Haier and flag carrier Air China to target customers abroad.
27 May, 2015 by The TZ Newswire Staff Comments Off on Sony mobile executive: pricing tweaks, cost cuts to cope with dollar’s rise
Sony mobile executive: pricing tweaks, cost cuts to cope with dollar’s rise
The head of Japanese electronics maker Sony Corp’s mobile business said on Wednesday he plans to deal with the effects of a stronger dollar versus the yen by tweaking the pricing of its handsets and by cutting costs. Hiroki Totoki, who leads Sony’s mobile phone business, warned that currency fluctuations could potentially have a bigger impact than competition on profitability.
27 May, 2015 by The TZ Newswire Staff Comments Off on May’s market tremors could reflect fear of ‘groupthink’
May’s market tremors could reflect fear of ‘groupthink’
For anyone expecting interest rates to be stuck near zero for years to come, the past month has been uncomfortable. The so-called “new normal” or “secular stagnation” theses that posit years of paltry world growth, lingering economic slack and downward pressure on prices and interest rates have fast become consensus thinking among top investors, financial and academic economists.
27 May, 2015 by The TZ Newswire Staff Comments Off on Text: FIFA arrest statement from Swiss Federal Office of Justice
Text: FIFA arrest statement from Swiss Federal Office of Justice
The text of the statement issued by Swiss authorities about the arrests of six FIFA soccer officials, covering U.S.
27 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Six FIFA soccer officials arrested in corruption probe
The Wall Street Journal: Six FIFA soccer officials arrested in corruption probe
The soccer officials were arrested in Zurich, Switzerland, on warrants issued after a request by U.S.
27 May, 2015 by The TZ Newswire Staff Comments Off on Six FIFA officials arrested in $100M corruption probe
Six FIFA officials arrested in $100M corruption probe
Six high-ranking international officials were arrested as part of a U.S. investigation into corruption at soccer’s governing body.