2 June, 2015 by The TZ Newswire Staff Comments Off on ECB to press case for steady QE, may urge Greece to accept deal
ECB to press case for steady QE, may urge Greece to accept deal
The European Central Bank is set to raise its inflation forecast on Wednesday, saying that its trillion-euro-plus asset buying program is already paying off, and may urge Greece to accept a new deal from its creditors to access fresh aid. In what could be the bank’s least eventful meeting in months, the ECB is set to keep rates on hold, confirm its growth forecasts, make the case for a steady pace in quantitative easing and discuss Greece only briefly, leaving most of the talking to Brussels. The bank will announce its rate decision at 1145 GMT (7.45 a.m.
2 June, 2015 by The TZ Newswire Staff Comments Off on Pimco shifts focus to capital preservation, likes Aussie bonds
Pimco shifts focus to capital preservation, likes Aussie bonds
Bond fund manager Pimco has turned to Australian government bonds and short-term Japanese government debt as it looks not only for yield, but to protect its capital in an uncertain global fixed-income environment. The U.S. fixed-income house, which until recently managed the world’s largest bond fund, has cut the duration of its portfolio by half in the past year, sought assets across geographies, and gone for bonds that will prove resilient if economic conditions deteriorate. Duration is the weighted-average maturity of a bond after taking into account all its cash flows.
2 June, 2015 by The TZ Newswire Staff Comments Off on Greece will not pay IMF on Friday without prospect of a deal: lawmaker
Greece will not pay IMF on Friday without prospect of a deal: lawmaker
Greece will not make a June 5 repayment to the International Monetary Fund if there is no prospect of an aid-for-reforms deal with its international creditors soon, the spokesman for the ruling Syriza party said on Wednesday. “If there is no prospect of a deal by Friday or Monday, I don’t know by when exactly, we will not pay,” Nikos Filis told Mega TV. Greek Prime Minister Alexis Tsipras heads to Brussels on Wednesday to meet European Commission President Jean-Claude Juncker.
2 June, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Islamic State suspect shot dead by police in Boston
The Wall Street Journal: Islamic State suspect shot dead by police in Boston
Law-enforcement officers Tuesday fatally shot a man who was being monitored by antiterrorism investigators for suspected Islamic State sympathies.
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2 June, 2015 by The TZ Newswire Staff Comments Off on Designer ad banned for ‘unhealthily’ thin model
Designer ad banned for ‘unhealthily’ thin model
A Yves Saint Laurent ad has been banned by the U.K’s advertising watchdog, which ruled that the model used appeared “unhealthily underweight.”
2 June, 2015 by The TZ Newswire Staff Comments Off on US surveillance in place since 9/11 is sharply limited
US surveillance in place since 9/11 is sharply limited
The U.S. significantly scaled back its post-9/11 security policy, curtailing surveillance of phone records. The NYT reports.
2 June, 2015 by The TZ Newswire Staff Comments Off on Greece’s alliances fade in debate about its debt crisis
Greece’s alliances fade in debate about its debt crisis
Greece is very much alone politically, with promises to roll back austerity facing an unexpectedly unified European opposition. The NYT reports.