28 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Visa threatens to end deal as pressure on FIFA mounts
The Wall Street Journal: Visa threatens to end deal as pressure on FIFA mounts
Visa a leading FIFA partner since 2007, said investigations into alleged corruption could prompt the company to end its agreement.
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28 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: ECB’s Nowotny says bank can’t give Greece interim funding
The Wall Street Journal: ECB’s Nowotny says bank can’t give Greece interim funding
The European Central Bank isn’t able to provide interim funding to Greece under current rules, according to a member of the central bank’s governing council.
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28 May, 2015 by The TZ Newswire Staff Comments Off on Europe Markets: European stocks lose ground on mixed messages over Greece deal
Europe Markets: European stocks lose ground on mixed messages over Greece deal
Stocks across Europe fall as a reported deal between debt-laden Greece and its creditors fails to come through.
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28 May, 2015 by The TZ Newswire Staff Comments Off on Brett Arends’s ROI: Simple math will determine what happens to stocks when rates rise
Brett Arends’s ROI: Simple math will determine what happens to stocks when rates rise
It will not be pretty, as bonds reprice and stocks hit a wall, says Brett Arends.
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28 May, 2015 by The TZ Newswire Staff Comments Off on China May official factory PMI seen lackluster despite stimulus moves
China May official factory PMI seen lackluster despite stimulus moves
China’s factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy. PMI, is forecast to inch up to 50.2 from April’s 50.1, according to the median forecast of 14 economists in the poll. “Although the government has unveiled a series of policy stimulus measures, the effect has yet to show up,” said Nie Wen, an economist at Hwabao Trust in Shanghai.
28 May, 2015 by The TZ Newswire Staff Comments Off on IMF’s Lagarde says still much work to do in Greek debt talks
IMF’s Lagarde says still much work to do in Greek debt talks
The head of the International Monetary Fund (IMF) said in a German television interview on Thursday that there was still a lot of work to do before Greece and its international lenders could clinch a cash-for-reforms deal. “We are all in the process of working towards a solution for Greece and I would not say that we already have reached substantial results,” IMF Managing Director Christine Lagarde told ARD television in comments which were translated from English to German.
28 May, 2015 by The TZ Newswire Staff Comments Off on Oil rises as dollar dips, eyes on U.S. stocks data
Oil rises as dollar dips, eyes on U.S. stocks data
Oil prices recovered on Thursday after a two-day slide as the dollar weakened, making fuel less expensive for holders of other currencies. The dollar has risen more than 4 percent against a basket of currencies (.DXY) over the last 10 days, helping accelerate a fall in oil prices from a five-month high early in May. “Much depends on the U.S. dollar,” said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt.