15 June, 2015 by The TZ Newswire Staff Comments Off on Fed on track for September rate hike as economy picks up: Reuters poll
Fed on track for September rate hike as economy picks up: Reuters poll
The U.S. Federal Reserve is on track to raise interest rates for the first time in nearly a decade in September, according to a Reuters poll that suggests economists now are mostly confident about that timing.
15 June, 2015 by The TZ Newswire Staff Comments Off on Paris show shifts focus from deal-making to plane-making
Paris show shifts focus from deal-making to plane-making
After the marketing triumphs of recent years, manufacturing moved into the spotlight on the opening day of the Paris air show on Monday as planemakers Airbus (AIR.PA) and Boeing (BA.N) battle to deliver a record $1.8 trillion backlog of orders. Reassurance also came from Airbus as its A400M military plane made a tour of the skies following a crash last month, while a stretched version of Boeing’s 787 Dreamliner delivered the wow-factor promised by its pre-show hype.
15 June, 2015 by The TZ Newswire Staff Comments Off on Bank Of America Begins 66-Day Countdown Until The Terrible Ghost Of 1937 Returns
Bank Of America Begins 66-Day Countdown Until The Terrible Ghost Of 1937 Returns
In 66 trading days on September 17, 2015, the Federal Reserve will, according to Bank of America, hike rates for the first time since 2006, which according to BofA will “end the era of excess liquidity.”
We disagree entirely, but let’s hear what BofA’s Michael Hartnett has to say:
On September 17th the Fed will hike the Fed funds rate by 25bps according to Ethan Harris & our US economics team, the first hike since June 2006.
15 June, 2015 by The TZ Newswire Staff Comments Off on Dollar treads water, wary of Greek default risks
Dollar treads water, wary of Greek default risks
The dollar was steady, with traders adopting a cautious stance as they wait for the outcome of the Fed’s two-day policy meeting.
15 June, 2015 by The TZ Newswire Staff Comments Off on Obama’s Anti-Russia Policy Escalates: DoD Tells Congress Nukes Are Still On The Table
Obama’s Anti-Russia Policy Escalates: DoD Tells Congress Nukes Are Still On The Table
15 June, 2015 by The TZ Newswire Staff Comments Off on This Announcement Received the Biggest Applause at Apple WWDC (Hint: It Wasn’t Apple Music)
This Announcement Received the Biggest Applause at Apple WWDC (Hint: It Wasn’t Apple Music)
An open-source Swift could be good news for Microsoft and Google.
15 June, 2015 by The TZ Newswire Staff Comments Off on Saudi Arabia Opens Stock Market To Foreign Investment Amid Low Oil Prices, Yemen War
Saudi Arabia Opens Stock Market To Foreign Investment Amid Low Oil Prices, Yemen War
Saudi Arabia officially opened its stock market to foreign investment on Monday, in what’s being billed as a potential game changer for emerging markets investors. The country’s Capital Markets Authority finalized the rules for direct foreign investment in early May, although plans had been in the works for quite some time. Summarizing, qualified foreign investors (QFIs) are defined as institutions with at least $5 billion in AUM and five years of experience, no QFI can hold more than 5% of a single issue and no consortium of QFIs can hold 20% or more in a single stock.