15 July, 2015 by The TZ Newswire Staff Comments Off on EBay nearing sale of enterprise unit for $900M
EBay nearing sale of enterprise unit for $900M
EBay is close to selling its Enterprise unit for roughly $900 million, according to a source, the NYT reports.
15 July, 2015 by The TZ Newswire Staff Comments Off on ECB to weigh funding boost for Greece
ECB to weigh funding boost for Greece
Greece’s approval of a bailout deal overnight could persuade the European Central Bank to ease its funding squeeze on Athens as soon as Thursday, the first step in reopening banks and returning some normality to its stricken economy. Making a symbolic gesture, the bank could increase Emergency Liquidity Assistance (ELA) when its Governing Council meets, helping to restore confidence after Greece was nearly forced from the euro — a debate that challenged ECB President Mario Draghi’s pledge that the currency was irreversible.
15 July, 2015 by The TZ Newswire Staff Comments Off on CNBC vs. ECB: Which is your favorite euro sign?
CNBC vs. ECB: Which is your favorite euro sign?
We’ve grown rather fond of our inflatable euro sign, which has even graced the cover of the Financial Times. What do you think?
15 July, 2015 by The TZ Newswire Staff Comments Off on Greek parliament approves bailout measures as Syriza fragments
Greek parliament approves bailout measures as Syriza fragments
The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras. Tsipras said there was no alternative to the package, which he acknowledged would cause hardship, but he stood by the decision.
15 July, 2015 by The TZ Newswire Staff Comments Off on Asia shares tip-toe higher, dollar up on Yellen’s remarks
Asia shares tip-toe higher, dollar up on Yellen’s remarks
Most Asian shares edged up on Thursday after Greece approved a bailout plan and brought mild relief, while the dollar stood tall as Federal Reserve Chair Janet Yellen reinforced expectations for a U.S. rate hike. Spreadbetters expected a higher opening for Britain’s FTSE (.FTSE), Germany’s DAX (.GDAXI) and France’s CAC (.FCHI) after the Greek parliament approved a bailout plan that further lessens the likelihood of Athens exiting the euro zone. Japan’s Nikkei (.N225) rose 0.7 percent, Australian shares (.AXJO) were up 0.6 percent South Korea’s Kospi (.KS11) also 0.6 percent.
15 July, 2015 by The TZ Newswire Staff Comments Off on Yellen stands by Fed’s transparency as lawmakers turn up heat
Yellen stands by Fed’s transparency as lawmakers turn up heat
Federal Reserve Chair Janet Yellen on Wednesday resisted calls for more congressional oversight, as members of a House of Representatives panel criticized the central bank’s policies and pressed it to be more accountable. In her semiannual testimony to Congress, Yellen repeated her view that the Fed will likely hike interest rates later this year if the U.S. economy expands as expected, and cited improvement in the labor market. While some lawmakers aggressively questioned Yellen, it was a gentler session than the grilling she received before the same panel in February.
15 July, 2015 by The TZ Newswire Staff Comments Off on Netflix subscriptions far outpace expectations, shares up 9 percent
Netflix subscriptions far outpace expectations, shares up 9 percent
Netflix Inc added nearly a third more subscribers than expected in the second quarter, sending its shares up 9.4 percent as the video streaming service said its investment in original television programs …