6 July, 2015 by The TZ Newswire Staff Comments Off on S&P: ‘Grexit’ now more likely than not
S&P: ‘Grexit’ now more likely than not
Standard & Poor’s on Monday said that in light of the Greece “no” vote this weekend it is now more likely than not that Greece will leave the euro.
6 July, 2015 by The TZ Newswire Staff Comments Off on New Honda CEO says no plans to help air bag firm Takata fund global recalls
New Honda CEO says no plans to help air bag firm Takata fund global recalls
Honda Motor Co’s new chief executive said the Japanese automaker has no plans for now to provide financial aid to Takata Corp (7312.T), the air bag supplier at the center of a costly global safety recall that has dented Honda’s public image as well as its earnings. Speaking at his first news conference since taking the helm in June, Takahiro Hachigo said on Monday Honda has now set aside enough this year to cover the cost of recalling over 2 million cars with potentially faulty air bag parts made by Takata.
6 July, 2015 by The TZ Newswire Staff Comments Off on Philip Morris to cut stake in Indonesian unit, could raise over $1 billion: sources
Philip Morris to cut stake in Indonesian unit, could raise over $1 billion: sources
JAKARTA/SINGAPORE (Reuters) – U.S. cigarette giant Philip Morris International Inc (PM.N) plans to sell a stake worth at least $1 billion in Indonesian unit PT HM Sampoerna Tbk (HMSP.JK) to comply with free-float rules, two people familiar with the matter said on Monday. Philip Morris currently owns 98.18 percent of Sampoerna, Indonesia’s biggest cigarette maker by market value and which is worth $23 billion.
6 July, 2015 by The TZ Newswire Staff Comments Off on China June inflation seen edging up to 1.3 percent year-on-year but still sluggish
China June inflation seen edging up to 1.3 percent year-on-year but still sluggish
China’s consumer inflation likely edged up in June as food prices steadied, while producer prices extended their decline well into a fourth year, reinforcing expectations that more support measures are needed to revive sluggish demand. Indeed, stronger price pressures may not do much to allay concerns about the health of the world’s second-largest economy, where a recent 30 percent slump in its stock market has raised fears about further threats to China’s sluggish economic growth.
6 July, 2015 by The TZ Newswire Staff Comments Off on Market Snapshot: U.S. stock futures slide as ‘Grexit’ risks rise
Market Snapshot: U.S. stock futures slide as ‘Grexit’ risks rise
U.S.
6 July, 2015 by The TZ Newswire Staff Comments Off on Currencies: Euro falls against rivals as Greek voters reject austerity demands
Currencies: Euro falls against rivals as Greek voters reject austerity demands
Europe’s shared currency drops against the dollar and the yen, but pares losses seen close after the result of the Greek referendum.
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