30 June, 2015 by The TZ Newswire Staff Comments Off on It’s a Bull Market for Speed Trader Virtu as Greece Roils Stocks
It’s a Bull Market for Speed Trader Virtu as Greece Roils Stocks
High frequency firm Virtu Financial is thriving in the current volatile trading markets – whether its Greece-inflicted volatility or simplyposting solid earnings – the firm is on fire.
30 June, 2015 by The TZ Newswire Staff Comments Off on Japan (literally) opens its doors ahead of Olympics
Japan (literally) opens its doors ahead of Olympics
Japan has reportedly announced its commitment to embrace the concept of home sharing as the country gets set to host the 2020 Olympics.
30 June, 2015 by The TZ Newswire Staff Comments Off on Early China Strength Fades Fast As Margin Debt Plunges Most In 3 Years
Early China Strength Fades Fast As Margin Debt Plunges Most In 3 Years
Following the much-celebrated (and massive 13% swing low-to-high) bounce yesterday at the hands of a desperate PBOC, the morning session ended with an early boost fading. Shanghai margin debt has now suffered the longest streak of declines in 3 years and as BofAML warned they “doubt that this marks the end of the de-leveraging process in the stock market given that much of the leveraged positions are yet to unwind.”
30 June, 2015 by The TZ Newswire Staff Comments Off on Greek crisis: Creditors set to mull new proposal
Greek crisis: Creditors set to mull new proposal
Our daily blog Squawk Box Live will keep you up to date with all the developments out of Greece.
30 June, 2015 by The TZ Newswire Staff Comments Off on Greece defaults on IMF payment despite last-minute overtures to creditors
Greece defaults on IMF payment despite last-minute overtures to creditors
Greece’s last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. As a result, IMF Managing Director Christine Lagarde will report to the global lender’s board that Greece is “in arrears,” the official euphemism for default.
30 June, 2015 by The TZ Newswire Staff Comments Off on Asia shares gain as euro shoulders Greek burden
Asia shares gain as euro shoulders Greek burden
Asian shares made guarded gains on Wednesday as investors gave a resigned shrug to news Greece had become the first developed economy to default on a loan with the International Monetary Fund. Calming after two days of wild swings, MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.6 percent. Japan’s Nikkei added 0.4 percent, a second day of modest gains as it stabilizes after Monday’s steep fall.
30 June, 2015 by The TZ Newswire Staff Comments Off on China June factory, services surveys fuel hopes economy leveling out, no quick rebound seen
China June factory, services surveys fuel hopes economy leveling out, no quick rebound seen
Activity in China’s factory sector expanded slightly in June though not as much as expected, while growth in the services sector sped up, official surveys showed, offering some signs that the world’s second-largest economy may be starting to slowly level out after a raft of support measures. Beijing has rolled out a flurry of steps since last year, including interest rate cuts and more infrastructure spending, but analysts remain wary about the outlook given the still-weak property market, erratic global demand for China’s exports and fears of a collapse in its wild stock market.