6 July, 2015 by The TZ Newswire Staff Comments Off on Greek banks to stay closed at least until Friday: bankers
Greek banks to stay closed at least until Friday: bankers
Greece’s banks will stay closed at least until Friday, four banking sources said on Monday, as the country tries to reopen bailout negotiations with official creditors and save its financial system from collapse. Greece issued a decree last week imposing capital controls and ordered banks to close after the European Central Bank (ECB) froze a vital financial lifeline following the breakdown of bailout talks between Athens and its foreign creditors.
6 July, 2015 by The TZ Newswire Staff Comments Off on Capitol Report: AIG ruling was helpful, says major Fannie, Freddie investor
Capitol Report: AIG ruling was helpful, says major Fannie, Freddie investor
The seventh anniversary of the federal conservatorship of housing-finance giants Fannie Mae and Freddie Mac is approaching, and the firms remain embroiled in uncertainty.
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6 July, 2015 by The TZ Newswire Staff Comments Off on $8 coffee! 10 costliest cities for expats
$8 coffee! 10 costliest cities for expats
Consulting firm Mercer’s 21st annual cost-of-living survey compares data from 207 cities over five continents.
6 July, 2015 by The TZ Newswire Staff Comments Off on American Apparel: Cost cuts won’t be enough
American Apparel: Cost cuts won’t be enough
American Apparel hopes to cut costs with a new restructuring plan, although they warned more money might still be needed.
6 July, 2015 by The TZ Newswire Staff Comments Off on How US investors can play China right now
How US investors can play China right now
Chinese stocks continue their gut-wrenching slide. But could this be a serious buying opportunity?
6 July, 2015 by The TZ Newswire Staff Comments Off on IMF "Ready To Assist" Greece, Lagarde Says
IMF "Ready To Assist" Greece, Lagarde Says
The IMF, whose well-timed report on the necessity of Greek debt haircuts might well have played a vital role in cementing a victory for the “no” vote on Sunday, is now “ready to help” the Greeks. Here’s Christine Lagarde:
“The IMF has taken note of yesterday’s referendum held in Greece. We are monitoring the situation closely and stand ready to assist Greece if requested to do so.”
The question of course, is this: what type of “assistance” is the IMF planning to provide?
6 July, 2015 by The TZ Newswire Staff Comments Off on ‘Terminator’ falls to ‘Jurassic World’ at holiday-weekend box office
‘Terminator’ falls to ‘Jurassic World’ at holiday-weekend box office
The Fourth of July weekend was expected to be a bright one for “Terminator: Genisys,” but the fifth film in the Terminator franchise couldn’t fend off what has been a monstrous run by Universal Studios’s “Jurassic World.”
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