1 June, 2015 by The TZ Newswire Staff Comments Off on HSBC set to cut thousands of jobs globally: Report
HSBC set to cut thousands of jobs globally: Report
HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources. Chief Executive Stuart Gulliver will …
1 June, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Ship carrying more than 450 people sinks in China’s Yangtze River
The Wall Street Journal: Ship carrying more than 450 people sinks in China’s Yangtze River
A passenger ship carrying 458 people reportedly sinks in the Yangtze River in central China after encountering what the rescued captain said was a storm and strong winds.
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1 June, 2015 by The TZ Newswire Staff Comments Off on Craig Stephen’s This Week in China: China’s yuan has ‘Long March’ to reserve-currency status
Craig Stephen’s This Week in China: China’s yuan has ‘Long March’ to reserve-currency status
While many observers focus on the upside of the Chinese yuan as a reserve currency, Craig Stephen points to some of the huge risks involved.
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1 June, 2015 by The TZ Newswire Staff Comments Off on The Delusional World Of Imperial Washington
The Delusional World Of Imperial Washington
Submitted by Michael Klare via TomDispatch.com,
Think of this as a little imperial folly update — and here’s the backstory.
1 June, 2015 by The TZ Newswire Staff Comments Off on China May Double Down On Debt Swap As ABS Issuance Stumbles
China May Double Down On Debt Swap As ABS Issuance Stumbles
Chinese stocks jumped nearly 5% on Monday on disappointing macro data which betrayed a third consecutive monthly contraction in the manufacturing sector (remember, bad news is good news in a world hooked on central bank-dispensed monetary heroin). But a poor macro print wasn’t the only hint that more stimulus may be just around the corner, as Beijing is now reportedly set to double the local debt swap quota to CNY2 trillion.
Via Bloomberg:
1 June, 2015 by The TZ Newswire Staff Comments Off on Dollar rises above 125 yen for first time since late 2002
Dollar rises above 125 yen for first time since late 2002
The dollar rose above 125 yen on Tuesday for the first time since late 2002 as bulls rode positive momentum after upbeat U.S. data overnight helped it overcome tough resistance.