28 June, 2015 by The TZ Newswire Staff Comments Off on "Contained" Greek Contagion Smashes Japanese Banks Lower
"Contained" Greek Contagion Smashes Japanese Banks Lower
Despite all the ‘smartest men in the room’ proclaiming that Greece doesn’t matter, and Greek risks are “contained”, Japanese stocks are tumbling led by bank stocks. Topix Banks Index has plunged the most since Feb 2014 (and 2nd most since the Taper Tantrum in 2013).
“Contained”… Japanese banks down 3.5% – the most in 18 months
28 June, 2015 by The TZ Newswire Staff Comments Off on Euro sharply down as Greece crisis deepens
Euro sharply down as Greece crisis deepens
The euro tumbled in Asian trading after Greece failed to strike a deal with its lenders, taking it a step closer to its exit from the euro zone.
28 June, 2015 by The TZ Newswire Staff Comments Off on The Bush Family Goes "All In" For Number Three (With The Help Of Its Bankers)
The Bush Family Goes "All In" For Number Three (With The Help Of Its Bankers)
28 June, 2015 by The TZ Newswire Staff Comments Off on H-OPA!
H-OPA!
An ode to a Grecian contagion
Austerity victims are ragin’
These debts can’t be paid
It’s a Klepto charade
And soon WWIII we’ll be wagon’
The Limerick King
28 June, 2015 by The TZ Newswire Staff Comments Off on Euro, stock futures plunge on Greece default fears
Euro, stock futures plunge on Greece default fears
U.S. stock futures and the euro fell almost 2 percent in early Asian trade on Monday as Greece looks set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs. U.S. stock futures dived 1.8 percent (ESc1), hitting a three-month low, while U.S. Treasuries futures price (TYv1) gained almost two points. A cash-strapped Greece looks certain to miss its debt repayment on Tuesday as Greece’s European partners shut the door on extending a credit lifeline after Greece’s surprise move to hold a referendum on bailout terms.
28 June, 2015 by The TZ Newswire Staff Comments Off on Fed’s Dudley says September rate hike ‘very much in play’: FT
Fed’s Dudley says September rate hike ‘very much in play’: FT
A September interest rate hike is “very much in play” if the U.S. economy continues to strengthen, though the Federal Reserve could also wait until December to start tightening policy, an influential Fed official said in a newspaper interview. Dudley, a dovish policymaker who is a close ally of Fed Chair Janet Yellen, was said to cite recent U.S. wage gains, income, and household spending as having improved his outlook for the economy.
28 June, 2015 by The TZ Newswire Staff Comments Off on China’s banks dominate rankings for profits, strength
China’s banks dominate rankings for profits, strength
China’s banks are strengthening their position as the best capitalized and biggest profit makers in the world, a study showed on Monday. Chinese banks filled the top four spots for profits across the industry in 2014 after making more than $180 billion between them, according to The Banker magazine’s annual rankings of profits and capital strength. Industrial and Commercial Bank of China’s (ICBC) $59.1 billion profit last year topped the rankings, ahead of China Construction Bank , Agricultural Bank of China (Agbank) and Bank of China .