14 June, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Home builders Standard Pacific and Ryland to merge
The Wall Street Journal: Home builders Standard Pacific and Ryland to merge
Standard Pacific Corp. and Ryland Group Inc. will merge in a $5.2 billion deal to create the fourth-largest U.S. home builder, possibly kicking off a wave of consolidation among U.S.
14 June, 2015 by The TZ Newswire Staff Comments Off on Varoufakis rules out ‘Grexit’, deal possible if Merkel takes part
Varoufakis rules out ‘Grexit’, deal possible if Merkel takes part
Greece Finance Minister Yanis Varoufakis said he could rule out a ‘Grexit’ because it would not be a sensible solution to the Greek debt crisis and in a German newspaper interview on Monday also said a debt restructuring was the only way forward. “I rule out a ‘Grexit’ as a sensible solution,” Varoufakis told mass circulation Bild newspaper, referring to a possible Greek exit from the euro zone.
14 June, 2015 by The TZ Newswire Staff Comments Off on In $8 billion Samsung bid, some Koreans break ranks to side with foreign activist
In $8 billion Samsung bid, some Koreans break ranks to side with foreign activist
In a country with a record of hostility towards foreign capital, some local investors are breaking with tradition as they side with a U.S. hedge fund opposing an $8 billion merger seen vital to the transfer of leadership at South Korea’s top conglomerate. Hundreds of Samsung C&T Corp’s small stakeholders have converged on a public web forum in recent days to protest what they say is a low-ball all-stock takeover offer from Cheil Industries Inc , an affiliate of Samsung Group and the conglomerate’s de facto holding company.
14 June, 2015 by The TZ Newswire Staff Comments Off on Craig Stephen’s This Week in China: China’s MSCI reality check is too big to ignore
Craig Stephen’s This Week in China: China’s MSCI reality check is too big to ignore
In recent weeks, the debate on China has centered on the idea that it is “too big to be ignored,” but Craig Stephen says it’s time to look past China’s size and instead consider its questionable fundamentals.
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14 June, 2015 by The TZ Newswire Staff Comments Off on Euro & Stocks Maintain Losses Before EU Open As China Market Cap Tops $10 Trillion For 1st Time Ever
Euro & Stocks Maintain Losses Before EU Open As China Market Cap Tops $10 Trillion For 1st Time Ever
The total market capitalization of China’s stocks is now over 40% the size of the US stock market and topped $10 trillion for the first time in history. This represents at 8-fold increase in Chinese market cap since Lehman.
But after that initial pop, Chinese stocks are weak too.
14 June, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Legend Holdings plans $1.96 billion IPO in Hong Kong
The Wall Street Journal: Legend Holdings plans $1.96 billion IPO in Hong Kong
Legend Holdings Corp., the largest shareholder in personal-computer maker Lenovo Group Ltd. , aims to raise as much as $1.96 billion in an initial public offering in Hong Kong, in what could be the third-largest IPO in the city this year, according to The Wall Street Journal.
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14 June, 2015 by The TZ Newswire Staff Comments Off on Asian shares and euro slip as Greece fails to reach debt deal
Asian shares and euro slip as Greece fails to reach debt deal
Asian shares fell and the euro skidded in Asian trade on Monday, after Greece’s talks with lenders to avert a default ended with no agreement and Wall Street logged losses ahead of a Federal Reserve meeting. European Union officials blamed the collapse of the talks on Athens, which it said had failed to offer any new concessions to secure funding it needs to repay 1.6 billion euros ($1.79 billion) to the International Monetary Fund by the end of this month.