8 July, 2015 by The TZ Newswire Staff Comments Off on Currencies: Euro holds above $1.10 on Greek debt-deal hopes
Currencies: Euro holds above $1.10 on Greek debt-deal hopes
The euro held above $1.10 on Wednesday, moving in a tight range as investors held out hope that Greek leaders will strike an 11th-hour deal with the country’s international creditors.
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8 July, 2015 by The TZ Newswire Staff Comments Off on Live: Investors’ wild ride; Microsoft’s job cuts; Subway suspends Jared
Live: Investors’ wild ride; Microsoft’s job cuts; Subway suspends Jared
Join Market Movers live now for the latest premarket headlines.
8 July, 2015 by The TZ Newswire Staff Comments Off on Greece seeks three-year loan, pledges to enact reforms next week
Greece seeks three-year loan, pledges to enact reforms next week
Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations.
8 July, 2015 by The TZ Newswire Staff Comments Off on China unveils new steps to prop up stocks, but market dives
China unveils new steps to prop up stocks, but market dives
China announced a flurry of new moves Wednesday to halt a stock market slide. The result? Another big dive in share prices. The government told state companies and executives to buy shares, raised the …
8 July, 2015 by The TZ Newswire Staff Comments Off on Alibaba to invest over $100 million in China’s Mei.com: source
Alibaba to invest over $100 million in China’s Mei.com: source
Chinese e-commerce company Alibaba Group Holding Ltd is investing more than $100 million in Mei.com, a “flash sales” platform for luxury and fashion goods, according to a source with knowledge of the deal. Alibaba had said earlier on Wednesday it would form a team within its Tmall business-to-consumer platform to help Mei.com expand its user base, product offerings, logistics and IT infrastructure, but did not disclose the size of its investment.
8 July, 2015 by The TZ Newswire Staff Comments Off on Howard Gold’s No-Nonsense Investing: China’s stock-market crash is just beginning
Howard Gold’s No-Nonsense Investing: China’s stock-market crash is just beginning
The underlying problem is that the investing culture is immature, writes Howard Gold.
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8 July, 2015 by The TZ Newswire Staff Comments Off on European Stocks, Bonds Surge On Blatant SNB Intervention
European Stocks, Bonds Surge On Blatant SNB Intervention
At around 645ET, EURCHF suddenly took off out of nowhere. This instantly lifted European stocks off new post-Greferendum lows, slammeds EU credit risk lower, lifted US equity markets, and drove Treasury yields higher. The SNB has declined to comment on whether it intervenened but we ask in all frankness, have we become so divorced from ‘free markets’ that China can blatantly enter markets to save them (and fail) and European markets can mysteriously go bid and no one bats an eyelid that this is all rigged.