1 June, 2015 by The TZ Newswire Staff Comments Off on Greece can’t make more concessions for deal, says labor minister
Greece can’t make more concessions for deal, says labor minister
Greece’s government can make no more concessions in negotiations for a cash-for-reforms deal and its international lenders must take responsibility for their role in the talks, Labour Minister Panos Skourletis said on Tuesday. Athens and its creditors from Europe and the International Monetary Fund are racing to prevent the country from defaulting on its debt and potentially leaving the euro zone. An EU official said any offer from Greece’s creditors to Athens would not be framed as an ultimatum.
1 June, 2015 by The TZ Newswire Staff Comments Off on Kraft seeks dismissal of two counts in wheat price manipulation case
Kraft seeks dismissal of two counts in wheat price manipulation case
The CFTC in April accused Kraft Foods and Mondelez of making massive bets in Chicago’s futures markets in late 2011 as part of a plot to drive down the physical price of wheat they used in products such as Oreo cookies and Ritz crackers. The CFTC said the companies had violated speculative position limits and engaged in numerous noncompetitive trades in wheat.
1 June, 2015 by The TZ Newswire Staff Comments Off on Tobacco firms to appeal $11.9B Canadian court ruling
Tobacco firms to appeal $11.9B Canadian court ruling
Three tobacco firms said they would appeal a Canadian court ruling that awarded more than $11 billion in damages to smokers in class action cases.
1 June, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: India’s central bank cuts key interest rate again
The Wall Street Journal: India’s central bank cuts key interest rate again
India’s central bank cut its main interest rate for the third time this year, a move that appears at odds with recent data showing the country’s economy has accelerated to become one of the fastest-growing in the world.
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1 June, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar hits fresh 12-year high against yen
Currencies: Dollar hits fresh 12-year high against yen
Dollar breaks above the ¥125 mark before weakening on profit-taking and adjusting of positions
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1 June, 2015 by The TZ Newswire Staff Comments Off on Why Investors Shouldn’t Trust Asia’s Booming Stock Markets
Why Investors Shouldn’t Trust Asia’s Booming Stock Markets
Could a lack of liquidity soon cause Asia’s stock markets to crash? That question might seem fanciful at first glance. But the reality could be a lot closer than many think – here’s why.
1 June, 2015 by The TZ Newswire Staff Comments Off on Dollar stands tall, Asian shares slip
Dollar stands tall, Asian shares slip
The dollar ascended to a new 12-1/2-year peak against the yen on Tuesday, while Asian shares fell for a second day as the stronger greenback pressured commodity prices. “The rise in the dollar against the yen has been steep but sentiment favors testing new highs rather than consolidating,” said Kyosuke Suzuki, director of forex at Societe Generale in Tokyo. The Reserve Bank of Australia kept rates on hold at a record low of 2.0 percent at its latest policy meeting on Tuesday as expected.