28 June, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: Asian markets fall as Greece unravels, China rattled
Asia Markets: Asian markets fall as Greece unravels, China rattled
Asian markets get roiled amid volatility in China’s stocks and as tremors from Greece shake sentiment across the region.
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28 June, 2015 by The TZ Newswire Staff Comments Off on 3 Stocks That Could Make Huge Moves This Week
3 Stocks That Could Make Huge Moves This Week
Two variables are colliding this week to send these three stocks on a wild ride.
28 June, 2015 by The TZ Newswire Staff Comments Off on Here Comes "Prexit": Puerto Rico In "Death Spiral", Debts Are "Not Payable", Governor Refuses To "Kick The Can"
Here Comes "Prexit": Puerto Rico In "Death Spiral", Debts Are "Not Payable", Governor Refuses To "Kick The Can"
As we noted last night, for a whole lot of time nothing at all can happen under the guise of “containment”… and then everything happens all at once.
28 June, 2015 by The TZ Newswire Staff Comments Off on Greece imposes capital controls as crisis deepens
Greece imposes capital controls as crisis deepens
Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight. After bailout talks between the leftwing government and foreign lenders broke down at the weekend, the European Central Bank froze vital funding support to Greece’s banks, leaving Athens with little choice but to shut down the system to keep the banks from collapsing. Capital controls are likely to last for many months at least.
28 June, 2015 by The TZ Newswire Staff Comments Off on Euro, stocks slide on looming Greece default
Euro, stocks slide on looming Greece default
The euro fell almost 2 percent and share prices tumbled across Asia on Monday as Greece looked set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs. Japan’s Nikkei fell 2.1 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.4 percent.
28 June, 2015 by The TZ Newswire Staff Comments Off on China finance minister: confident AIIB can start functioning before year end
China finance minister: confident AIIB can start functioning before year end
China’s Finance Minister Lou Jiwei said on Monday he was confident the Asian Infrastructure Investment Bank could start functioning before the end of the year. Lou was speaking at a ceremony in Beijing …
