1 June, 2015 by The TZ Newswire Staff Comments Off on London Markets: Tobacco firms nudge FTSE 100 lower after Canadian court ruling
London Markets: Tobacco firms nudge FTSE 100 lower after Canadian court ruling
The U.K.’s FTSE 100 drops for a third straight session, weighed by losses for tobacco producers after a Canadian court ruling as well as ongoing uncertainty over Greece.
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1 June, 2015 by The TZ Newswire Staff Comments Off on Why France is not the ‘sick man of Europe’
Why France is not the ‘sick man of Europe’
Despite French unemployment hitting a fresh record high in April, the head of the OECD insisted that France isn’t the “sick man of Europe.”
1 June, 2015 by The TZ Newswire Staff Comments Off on Marco Polo New World Launches Direct FX Markets Access
Marco Polo New World Launches Direct FX Markets Access
Marco Polo New World is now offering traders a new matching engine and user interface that allows traders to execute orders via DMA and get best execution in their currency trades.
1 June, 2015 by The TZ Newswire Staff Comments Off on Hudson’s Bay approaches Metro’s Kaufhof: Sources
Hudson’s Bay approaches Metro’s Kaufhof: Sources
Canadian retailer Hudson’s Bay has made an indicative offer for Metro’s department store chain Kaufhof, two people told Reuters.
1 June, 2015 by The TZ Newswire Staff Comments Off on Marsh on Monday: Why Merkel will do almost anything to keep U.K. in the EU
Marsh on Monday: Why Merkel will do almost anything to keep U.K. in the EU
Germany’s Angela Merkel is bending over backwards to give David Cameron what we needs to keep the U.K.
1 June, 2015 by The TZ Newswire Staff Comments Off on HSBC to face US lawsuits over $34B mortgage losses
HSBC to face US lawsuits over $34B mortgage losses
HSBC was ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities.
1 June, 2015 by The TZ Newswire Staff Comments Off on Oil prices stabilize, firm demand counters oversupply
Oil prices stabilize, firm demand counters oversupply
Crude oil prices stabilized on Tuesday due to firm demand after dipping in early trade on expectations that OPEC would not cut output at its meeting this week. The Organization of the Petroleum Exporting Countries (OPEC) meets this Friday in Vienna to discuss its production strategy, with U.S. bank Citi saying the group was likely to maintain current production. Prices were supported as Saudi oil minister Ali al-Naimi said overnight that demand would pick up and tighten the market in the second half of the year.