8 July, 2015 by The TZ Newswire Staff Comments Off on Greek banks may face closures, bailout or not
Greek banks may face closures, bailout or not
Some Greek banks may have to be shut and taken over by rivals in a restructuring that would follow any Greek bailout, European officials told Reuters.
8 July, 2015 by The TZ Newswire Staff Comments Off on The Stealth U.S. Stock Market Correction
The Stealth U.S. Stock Market Correction
8 July, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: Chinese stock gains gather pace
Asia Markets: Chinese stock gains gather pace
Gains in Chinese shares gather pace, restoring some confidence in Beijing’s suite of attempts to rescue its struggling stock market.
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8 July, 2015 by The TZ Newswire Staff Comments Off on China stocks rebound sharply after Beijing slaps curbs on selling
China stocks rebound sharply after Beijing slaps curbs on selling
BEIJING/SHANGHAI (Reuters) – Chinese stocks rebounded around 6 percent on Thursday, as Beijing’s increasingly frantic attempts to arrest a sell-off that has roiled global financial markets finally appeared to gain some traction. In the most drastic step yet to prop up the market, China’s securities regulator banned shareholders with large stakes in listed firms from selling.
8 July, 2015 by The TZ Newswire Staff Comments Off on Draghi said to doubt Greek solution as Tsipras reforms awaited
Draghi said to doubt Greek solution as Tsipras reforms awaited
FRANKFURT/ATHENS (Reuters) – European Central Bank President Mario Draghi has voiced unprecedented doubts about the chances of rescuing Greece from bankruptcy as Greek Prime Minister Alexis Tsipras was due to put forward last-ditch reform proposals on Thursday. Italian daily Il Sole 24 Ore quoted the ECB chief, under growing fire in Germany for keeping Greek banks afloat, as saying he was not sure a solution would be found for Greece and he did not believe Russia would come to Athens’ rescue.
8 July, 2015 by The TZ Newswire Staff Comments Off on NYSE shut down for nearly four hours by technical glitch
NYSE shut down for nearly four hours by technical glitch
The New York Stock Exchange was forced to suspend trading for several hours on Wednesday in the biggest outage to hit a U.S. financial market in nearly two years, unnerving investors already rattled by the meltdown in Chinese stocks and the Greek debt crisis. The exchange, a unit of Intercontinental Exchange Inc (ICE.N), reopened at 3:10 p.m. EDT after being halted shortly after 11:30 a.m. EDT. NYSE said the outage was due to an internal technical issue and not the result of a cyberattack.
8 July, 2015 by The TZ Newswire Staff Comments Off on With options dwindling, BP seized a chance to settle oil spill case
With options dwindling, BP seized a chance to settle oil spill case
NEW YORK/LONDON/HOUSTON (Reuters) – In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history.