31 May, 2015 by The TZ Newswire Staff Comments Off on EU’s Oettinger says Greece deal still possible this week
EU’s Oettinger says Greece deal still possible this week
Germany’s EU Commissioner Guenter Oettinger said on Monday it might still be possible for Greece and its creditors to reach a deal this week. “We will need progress at the working group level, in order that we can agree on a reform agenda, perhaps even by the end of the week, which would trigger the payment of the last tranche of aid from the current aid program,” Oettinger told Die Welt newspaper in an interview.
31 May, 2015 by The TZ Newswire Staff Comments Off on Nvidia says it sees revenue from cloud computing at $1 bln within two-three years
Nvidia says it sees revenue from cloud computing at $1 bln within two-three years
Chipmaker Nvidia Corp said it expects cloud computing revenue to hit $1 billion in the next two to three years, as demand for big data analysis drives growth in graphics chips. Cloud computing is the company’s …
31 May, 2015 by The TZ Newswire Staff Comments Off on Bernanke Encourages Australia To Manage Its Currency If Necessary
Bernanke Encourages Australia To Manage Its Currency If Necessary
31 May, 2015 by The TZ Newswire Staff Comments Off on Ex-FIFA official cites ‘Onion’ article in defense
Ex-FIFA official cites ‘Onion’ article in defense
Jack Warner, a former vice president of FIFA defended himself against charges by citing an article from The Onion, unaware that it was satire. The NYT reports.
31 May, 2015 by The TZ Newswire Staff Comments Off on Chinese Stocks Are Surging On Weak Macro Data BTFD-iness
Chinese Stocks Are Surging On Weak Macro Data BTFD-iness
Having dropped over 10% in the previous 2 days, what better way to get the speculative frenzy of Chinese housewives levered up and buying stocks again than terrible macro data. With China HSBC Manufacturing PMI printing 49.2 (the 3rd monthly contraction in a row) and China’s official Services PMI tumbling to its lowest since Dec 2008, the ‘bad’ news seems to have been greeted wondrously as Chinese stocks are up 2-4% on the news. CHINEXT back to fresh highs, Shenzhen is outperforming, and Shanghai and CSI-300 are all pushing higher.
31 May, 2015 by The TZ Newswire Staff Comments Off on World’s second biggest IPO this year disappoints
World’s second biggest IPO this year disappoints
Shares of Huatai Securities, Asia’s largest listing this year, opened with a whimper, defying the gains seen in HK’s other recent IPOs.
31 May, 2015 by The TZ Newswire Staff Comments Off on China factories scrabble for growth in May, export demand shrinks
China factories scrabble for growth in May, export demand shrinks
Growth in China’s giant factory sector edged up to a six-month high in May but export demand continued to shrink, prompting companies to shed workers and keeping alive worries about a protracted economic slowdown, an official survey showed on Monday. The official manufacturing Purchasing Managers’ Index (PMI) edged up to 50.2 from April’s 50.1, the National Bureau of Statistics (NBS) said on its website, in line with analysts’ forecast for a 50.2 reading. The non-manufacturing Purchasing Managers’ Index (PMI) edged down to 53.2, from April’s 53.4, the NBS said.