28 June, 2015 by The TZ Newswire Staff Comments Off on Slowboat to China: No quick fix for luxury yacht firm Ferretti
Slowboat to China: No quick fix for luxury yacht firm Ferretti
SARNICO, Italy/SINGAPORE (Reuters) – When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven. Debt-laden Ferretti, known for the elegant Riva speedboats favored by film star Sophia Loren, was the world’s top maker of large motor yachts and cash-rich Weichai saw an opportunity to offer luxury leisure to the growing ranks of Chinese billionaires.
28 June, 2015 by The TZ Newswire Staff Comments Off on Indian pharma’s struggle to tighten standards paves way for M&A deals
Indian pharma’s struggle to tighten standards paves way for M&A deals
India’s smaller generic drugmakers, struggling to cope with a bruised reputation and tougher regulation in the United States, are under pressure to consider branching out to new, less-profitable markets or sell out to larger rivals. Two years after its most high-profile regulatory setback to date in the United States – Ranbaxy’s (RANB.NS) $500 million U.S. fine for drug safety violations – India’s $15 billion a year generic drug industry is still rebuilding its image in its biggest market. Many of its top firms are facing sanctions at some of their factories, as the U.S.
28 June, 2015 by The TZ Newswire Staff Comments Off on Why We’re Headed Toward A "Cashless Society"
Why We’re Headed Toward A "Cashless Society"
28 June, 2015 by The TZ Newswire Staff Comments Off on A Helpless China Tips Its Hand: A Market Crash "Poses Great Danger To Social Stability"
A Helpless China Tips Its Hand: A Market Crash "Poses Great Danger To Social Stability"
While Greece has understandably been the focal news event over the weekend – after all it has been 5 years in the making – let’s not forget that in another massive move, one geared squarely to prevent a market collapse and to avoid even further panic, the Chinese central bank cut both its policy rate and the reserve rate in a dramatic push to calm down markets after a 10% crash in just two trading days.
28 June, 2015 by The TZ Newswire Staff Comments Off on Dow Futures Open Down 300 Points, 10Y Yield Tumbles 20bps As EURUSD Plunges Over 200 Pips
Dow Futures Open Down 300 Points, 10Y Yield Tumbles 20bps As EURUSD Plunges Over 200 Pips
Buy-The-Dipping, “Greece doesn’t matter”, Escape-velocity-forecasting, QE-front-running, Central-Bank-believing asset gatherers everywhere must be salivating at this ‘healthy correction’ opportunity…
As Jonathan Krinsky ( @jkrinskygpa ) noted, this is the world’s equity traders right now…
With EURUSD making fresh lows at 1.0955… as more FX broker platforms come online. EURCHF is down over 1%
28 June, 2015 by The TZ Newswire Staff Comments Off on BIS to world: You rely too much on central banks!
BIS to world: You rely too much on central banks!
The BIS finds the global economy’s reliance on monetary policy “deeply troubling,” the FT reports.
28 June, 2015 by The TZ Newswire Staff Comments Off on Keynes, The Great Depression And The Coming Great Default
Keynes, The Great Depression And The Coming Great Default
Submitted by Gary North via Gary North’s Specific Answers,
Ideas have consequences, but not in a social vacuum. There are no social vacuums.
Ideas that are held by a minority of fringe academics or polemicists sometimes become the foundations of victorious social movements after existing social institutions are undermined by a social crisis.
OPTIMISM AND SOCIAL REVOLUTION