29 June, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: China shares fall as rest of Asia is calm
Asia Markets: China shares fall as rest of Asia is calm
China’s shares fall as much as 5% in the morning, while other markets in Asia shrug off concerns about a Greek default.
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29 June, 2015 by The TZ Newswire Staff Comments Off on Greece rejects Juncker’s 11th-hour debt deal bid: Report
Greece rejects Juncker’s 11th-hour debt deal bid: Report
European Commission Pres. Jean-Claude Juncker made a last-minute offer to Athens to reach a bailout agreement before the deadline expires on Tuesday.
29 June, 2015 by The TZ Newswire Staff Comments Off on Puerto Rico seeks bankruptcy
Puerto Rico seeks bankruptcy
Both Puerto Rico’s governor and his new advisor, who previously oversaw Detroit’s bankruptcy, agree that the Caribbean territory is broke.
29 June, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Japan’s SMBC nearing deal for GE’s European private-equity finance unit
The Wall Street Journal: Japan’s SMBC nearing deal for GE’s European private-equity finance unit
Japan’s Sumitomo Mitsui Banking Corp.
29 June, 2015 by The TZ Newswire Staff Comments Off on The Emergence Of Orwellian Newspeak And The Death Of Free Speech
The Emergence Of Orwellian Newspeak And The Death Of Free Speech
29 June, 2015 by The TZ Newswire Staff Comments Off on The Mood On The Ground In Greece: "Some Have Raised The Prospect Of Civil War"
The Mood On The Ground In Greece: "Some Have Raised The Prospect Of Civil War"
Earlier today, John O’Connell, CEO of Davis Rea, spoke to Canada’s BNN from what may be Greece’s top tourist attraction, the island of Santorini, to give a sense of the “mood on the ground.” Not surprisingly, his feedback was that, at least as far as tourists are concerned, nobody is worried. After all, it is not their funds that are capital constrained plus should the Drachma return as the local currency, the purchasing power of foreigners will skyrocket.
29 June, 2015 by The TZ Newswire Staff Comments Off on Strap In! China Is Crashing Again
Strap In! China Is Crashing Again
In the last 2 days, PBOC has thrown everything at the ponzi-fest they call a rational market. An RRR cut, a Benchmark rate cut, a rev repo rate cut, a CNY50 Bn rev repo injection, a stamp duty cut, IPO halts (cut supply), and last but not least permission to speculate with a reassurance that shares on a solid foundation. The outcome of all this policy-panic – CHINEXT (China’s Nasdaq) is down another 6% today (down 25% in 3 days) and aside from CSI-300 futures, all other major Chinese indices are in free-fall.