13 July, 2015 by The TZ Newswire Staff Comments Off on BATS Plans Block-Trading Service to Prepare for Dark-Pool Rules
BATS Plans Block-Trading Service to Prepare for Dark-Pool Rules
BATS Chi-X Europe will unveil a block- trading initiative within months as markets prepare for European Union rules that will restrict dark-pool trading.
13 July, 2015 by The TZ Newswire Staff Comments Off on NYC settles with Eric Garner’s family for $5.9M
NYC settles with Eric Garner’s family for $5.9M
New York City has reached a $5.9M settlement with the family of Eric Garner, who died after he was placed in a chokehold by a police officer.
13 July, 2015 by The TZ Newswire Staff Comments Off on Asia shares pressured by weak China, doubts persist on Greece
Asia shares pressured by weak China, doubts persist on Greece
Asian shares turned lower and the euro slipped on Tuesday after the initial relief on Greece’s conditional bailout agreement gave way to caution, as investors waited to see if the Greek parliament would accept harsh austerity measures as part of the deal. Oil prices also skidded as the market awaited an announcement on a nuclear deal between Iran and six global powers that could lead to an easing of sanctions against Tehran and a resumption of its oil exports into an oversupplied market.
13 July, 2015 by The TZ Newswire Staff Comments Off on Greek PM Tsipras faces party revolt over bailout deal
Greek PM Tsipras faces party revolt over bailout deal
BRUSSELS/ATHENS (Reuters) – Greece’s leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party on Tuesday furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a euro zone government. Just hours after a deal that saw Greece surrender much of its sovereignty to outside supervision in return for agreeing to talks on an 86 billion euro bailout, doubts were already emerging about whether Tsipras would be able to hold his government together.
13 July, 2015 by The TZ Newswire Staff Comments Off on China’s Tsinghua Unigroup prepares $23 billion bid for Micron: sources
China’s Tsinghua Unigroup prepares $23 billion bid for Micron: sources
BEIJING/SAN FRANCISCO (Reuters) – China’s state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for U.S. memory chip maker Micron Technology Inc (MU.O), in what would be the biggest Chinese takeover of a U.S. company, people familiar with the matter said. The technology conglomerate is prepared to bid $21 per share for Micron, a 19.3 percent premium to the stock’s close on Monday. The offer could come as early as Wednesday, a person close to Tsinghua told Reuters, although a Micron spokesman said it had not received an offer.
13 July, 2015 by The TZ Newswire Staff Comments Off on FedEx in talks to buy 25 Boeing 767 freighters: Bloomberg
FedEx in talks to buy 25 Boeing 767 freighters: Bloomberg
Package delivery company FedEx Corp is in talks to buy at least 25 more 767 freighters from Boeing Co for about $5 billion, Bloomberg reported, citing people familiar with the matter. Fedex’s directors …
13 July, 2015 by The TZ Newswire Staff Comments Off on Buffett may benefit as train lobby bids to weaken safety rule
Buffett may benefit as train lobby bids to weaken safety rule
Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key cog in the development of the vast North American shale oil fields. A series of oil train accidents, including the July 2013 explosion of a train carrying crude in Lac-Megantic, Quebec, that killed 47 people, led U.S. and Canadian regulators to announce sweeping safety rules in May. Among other things, U.S. oil trains are required to install new electronically controlled pneumatic (ECP) brakes.