19 June, 2015 by The TZ Newswire Staff Comments Off on Honda confirms eighth death linked to Takata airbags
Honda confirms eighth death linked to Takata airbags
U.S. highway safety regulators also confirmed that the death of Jewel Brangman in a 2001 Honda Civic is the seventh U.S. death, and the eighth fatality worldwide related to Takata airbag inflators that can explode, sending shards of metal through the passenger compartments of cars. U.S. regulators have ordered the recall of vehicles equipped with about 34 million Takata airbag inflators. Honda, in a statement, said the 2001 car had been issued a salvage title in October 2011, and then purchased by a rental car agency in San Diego, California.
19 June, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Citigroup to shift European retail banking base to Dublin
Exclusive: Citigroup to shift European retail banking base to Dublin
Citigroup (C.N) is planning to shift the head office of its European retail banking operation to Dublin from London to benefit from lower costs and capital requirements. This week the bank wrote to clients to say the UK-based business, Citibank International Limited, which operates a small number of branches across some 20 European countries, would be taken over by Dublin-based Citibank Europe Plc. “From a strategic perspective for Citi, moving to a single pan-European bank is expected to reduce operational and regulatory complexity, capital requirements and cost,” the company told clients.
19 June, 2015 by The TZ Newswire Staff Comments Off on What You Need to Know About Facebook’s New Photo App
What You Need to Know About Facebook’s New Photo App
Facebook Moments solves a problem, giving it a chance to be a hit.
19 June, 2015 by The TZ Newswire Staff Comments Off on Homing in: U.S. homebuilding M&A to get rolling after long lull
Homing in: U.S. homebuilding M&A to get rolling after long lull
Most homebuilders had shied away from stockpiling land in the past few years as a choppy economic recovery offered little clarity on when demand would stabilize. The Ryland Group Inc (RYL.N) and Standard Pacific Corp (SPF.N) merger announced earlier this week – the first big deal since PulteGroup Inc’s (PHM.N) buyout of Centex in 2009 – is a sign of things to come. A Federal Reserve rate increase could push companies to close deals quickly as borrowing will become more expensive.
19 June, 2015 by The TZ Newswire Staff Comments Off on Fed’s Williams says wants stronger inflation data before hiking rates
Fed’s Williams says wants stronger inflation data before hiking rates
A top Federal Reserve policymaker signaled Friday that despite a “nearly healed” U.S. labor market, he will not support raising U.S. interest rates until he sees stronger signs of inflation. “Until I have more confidence that inflation will be moving back to 2 percent, I’ll continue to be in wait-and-see mode regarding raising interest rates,” San Francisco Federal Reserve President John Williams said in remarks prepared for delivery to the NBER East Asia Seminar on Economics.
19 June, 2015 by The TZ Newswire Staff Comments Off on Fearing Capital Controls, Tourists Request Hotel Safes In Greece
Fearing Capital Controls, Tourists Request Hotel Safes In Greece
On Friday, Austrian finance minister Hans Schelling said he assumed Austrian tourists vacationing in Greece would still be able to withdraw money from ATMs on Monday, but if not, Schelling indicated he would need to “discuss with leaders what positions have to be taken.”
19 June, 2015 by The TZ Newswire Staff Comments Off on New Currency Hedged ETFs Tap Eurozone, Dividend Payers
New Currency Hedged ETFs Tap Eurozone, Dividend Payers
The currency hedging fever rages on. WisdomTree and SPDR ETFs expanded their international lineup in June. Their three new exchange traded funds offer exposure to European equities, international small caps and global dividend payers. State Street’s new SPDR Euro Stoxx 50 Currency Hedged (HFEZ) is its first hedged product. It invests in 50 large-cap stocks from 12 eurozone countries, while reducing the risks of dollar-euro swings.