22 June, 2015 by The TZ Newswire Staff Comments Off on European FinMins Douse Market’s Rabid Greek Optimism
European FinMins Douse Market’s Rabid Greek Optimism
The usual mix of generalized confusion, cautiously optimistic rhetoric, and German skepticism is at play on what was supposed to be an all or nothing day for negotiations between Greece and creditors.
22 June, 2015 by The TZ Newswire Staff Comments Off on Frontrunning: June 22
Frontrunning: June 22
22 June, 2015 by The TZ Newswire Staff Comments Off on Early movers: CI, WMB, PFE, ALL, AAPL & more
Early movers: CI, WMB, PFE, ALL, AAPL & more
Names on the move ahead of the open.
22 June, 2015 by The TZ Newswire Staff Comments Off on Greece in crunch talks to avoid default
Greece in crunch talks to avoid default
All eyes are on Greece Monday as euro zone finance ministers meet to discuss a possible 11th-hour deal.
22 June, 2015 by The TZ Newswire Staff Comments Off on Cigna rebuffs Anthem’s ‘deeply disappointing’ proposal
Cigna rebuffs Anthem’s ‘deeply disappointing’ proposal
Anthem’s offer for smaller rival Cigna is part of a daisy chain of potential deals in the health insurance sector. Cigna Chairman Isaiah Harris, Jr. and Chief Executive David Cordani wrote a letter to Anthem’s board outlining reasons why the company was rejecting Anthem’s stock and cash offer. Anthem, the second-largest U.S. health insurer, said in a statement on Saturday that had made four offers for Cigna in June.
22 June, 2015 by The TZ Newswire Staff Comments Off on Hedge funds for masses lose shine as Goldman, Pimco see outflows
Hedge funds for masses lose shine as Goldman, Pimco see outflows
Flows into hedge fund-like mutual funds, a category that attracted almost a third of the money going into actively managed funds in the past six years, have slowed this year to the weakest pace since 2008. The strategies, which include non-traditional bond funds and alternative stock funds, attracted just $1.2 billion from investors in the first five months of 2015, according to Chicago-based Morningstar Inc., down from $39 billion last year and a record $96 billion in 2013. The rapid drop in investor interest is a setback for firms such as Goldman Sachs Group Inc.
22 June, 2015 by The TZ Newswire Staff Comments Off on U.S. growth no longer lifting Asia exports
U.S. growth no longer lifting Asia exports
If you wanted to figure out where Asian exports were headed, U.S. manufacturing data used to be a logical place to start. The U.S. is buying more goods from neighbors such as Mexico instead of Asia, and the shale-gas boom has kept demand within the country, said Christy Tan, head of markets strategy for Asia at National Australia Bank Ltd. The recovery in the world’s biggest economy is also more services-oriented this time, and some of the increase in wealth and employment is being used to pay off debt rather than on consumption, she said. “Asia’s definitely lagging behind the U.S.