11 June, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: IMF halts bailout talks with Greece, citing lack of progress
The Wall Street Journal: IMF halts bailout talks with Greece, citing lack of progress
In an unusual public statement, the IMF says there’s been “no progress” in narrowing differences between Greece and its international lenders to avoid a default.
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11 June, 2015 by The TZ Newswire Staff Comments Off on Greek talks in crisis after IMF leaves table
Greek talks in crisis after IMF leaves table
The deadlock between Greece and its creditors over reforms went from bad to worse on Thursday after the International Monetary Fund quit talks.
11 June, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil futures fall further on oversupply concerns
Futures Movers: Oil futures fall further on oversupply concerns
Worries over excess supply and oil are back and haunting the commodity.
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11 June, 2015 by The TZ Newswire Staff Comments Off on Asia shares, euro numbed by Greek drama
Asia shares, euro numbed by Greek drama
Asian shares had a muted session Friday as Greek debt talks took yet another confusing turn, while the dollar held firm in the wake of reassuringly upbeat U.S. retail data. Activity was sparse with MSCI’s index of Asia-Pacific shares outside Japan up 0.2 percent, but only just above three-month lows. Japan’s Nikkei (.N225) barely budged, though it found some support in a dollar bounce against the yen.
11 June, 2015 by The TZ Newswire Staff Comments Off on Twitter’s Dick Costolo to step down as CEO in yet another shake-up
Twitter’s Dick Costolo to step down as CEO in yet another shake-up
Twitter Inc Chief Executive Officer Dick Costolo abruptly announced he was stepping down on Thursday amid increasing scrutiny of the company’s slow user growth and inability to attract advertisers at the same rate as its competitors. Costolo will be replaced by co-founder Jack Dorsey on an interim basis. According to a source familiar with the matter, it was Costolo’s decision to leave, and Costolo said he brought it up with the board last year as it began talking about succession planning.
11 June, 2015 by The TZ Newswire Staff Comments Off on Rupert Murdoch to hand Fox CEO title to son James
Rupert Murdoch to hand Fox CEO title to son James
Rupert Murdoch, the 84-year old media baron, will hand over the chief executive reins at entertainment conglomerate Twenty-First Century Fox Inc to his 42-year-old son James, a source familiar with the situation said on Thursday. Fox Chief Operating Officer Chase Carey will step into an advisory role as part of a generational shift at the parent company of Fox News and movie studio behind “X-Men” and other series, the source said, adding that James Murdoch and his 43-year-old brother Lachlan would work as partners.
11 June, 2015 by The TZ Newswire Staff Comments Off on Bond selloff a wild card that could delay Fed rate hike
Bond selloff a wild card that could delay Fed rate hike
The sharp bond market selloff is starting to pinch American consumers and companies, causing a mild economic tightening that, if sustained, could raise alarms at the Federal Reserve and even delay a plan to hike interest rates in coming months. U.S. mortgage rates have reached their highest level in a year-and-a-half, auto loans are getting a bit more expensive, and corporations across the board have seen their borrowing costs jump as U.S. and European debt retrenched in recent weeks. With benchmark U.S.