3 June, 2015 by The TZ Newswire Staff Comments Off on Forget OPEC: For oil markets, sentiment is king
Forget OPEC: For oil markets, sentiment is king
Whatever OPEC decides this week, sentiment will be the key driver of oil markets – as it has been so many times before.
3 June, 2015 by The TZ Newswire Staff Comments Off on China Is Crashing (Again)
China Is Crashing (Again)
It appears – as opposed to what the world’s asset-gathering commission-takers would have one believe – that huge illiquid spikes in bond markets are not good for stocks. As the bond carnage continues to careen throughout Asia, Chinese stock investors appear to have decided enough is enough at doubling their money in a mere few months.
3 June, 2015 by The TZ Newswire Staff Comments Off on China shares sink, euro rides high as yields spike
China shares sink, euro rides high as yields spike
The euro continued riding high on Thursday thanks to a spike in euro zone debt yields, while in Asian equities volatile Chinese shares slid and tempered risk sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2 percent. Japan’s Nikkei (.N225) edged down 0.1 percent while Australian shares lost 1.3 percent.
3 June, 2015 by The TZ Newswire Staff Comments Off on Dish in talks to merge with T-Mobile: WSJ
Dish in talks to merge with T-Mobile: WSJ
The two sides have agreed that after the merger, T-Mobile Chief Executive John Legere would serve as the CEO and Dish CEO Charlie Ergen would become the combined company’s chairman, the Journal said. T-Mobile has a market capitalization of about $31.06 billion, while Dish has a market capitalization of $32.77 billion. Reuters could not immediately reach Dish or T-Mobile for comment outside regular U.S. business hours.
3 June, 2015 by The TZ Newswire Staff Comments Off on Tsipras sees Greek deal, but differences remain after EU talks
Tsipras sees Greek deal, but differences remain after EU talks
BRUSSELS/ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras emerged from late-night talks with senior EU officials in Brussels saying a deal with creditors was “within sight” and that Athens would make a payment due to the IMF on Friday. Commission President Jean-Claude Juncker, who hosted Tsipras for a late dinner at the EU executive’s headquarters along with the chair of euro zone finance ministers Jeroen Dijsselbloem, would reconvene their meeting in the coming days, officials said after the talks broke up in the early hours of Sunday.
3 June, 2015 by The TZ Newswire Staff Comments Off on Mutual funds chase head start on hit IPOs with pre-public investing
Mutual funds chase head start on hit IPOs with pre-public investing
U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts. Fast-growing private companies such as Uber Technologies, Pinterest and India’s Flipkart Online Services have attracted billions of dollars in investment from U.S. mutual funds, marking an increase in overall pre-IPO betting over the past few years, analysts and fund managers said. Funds run by Boston-based Fidelity Investments and Baltimore’s T.
3 June, 2015 by The TZ Newswire Staff Comments Off on U.S. trade, jobs data encouraging; services sector disappoints
U.S. trade, jobs data encouraging; services sector disappoints
The U.S. trade deficit narrowed in April on a drop in imports, which surged in March following the end of a West Coast ports labor dispute, while companies picked up their hiring in May after a pullback the previous month. The data supported the notion the U.S. economy has recovered somewhat from a first-quarter contraction and bolstered expectations the Federal Reserve may consider raising interest rates later this year. Two private reports signaled slower growth in the U.S.