29 July, 2015 by The TZ Newswire Staff Comments Off on Merchants seek to void $6 billion Visa, MasterCard, AmEx settlements
Merchants seek to void $6 billion Visa, MasterCard, AmEx settlements
Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa Inc (V.N), MasterCard Inc (MA.N) and American Express Co (AXP.N) after learning that opposing lawyers exchanged confidential information, potentially tainting the accords. A group of retailers filed papers that remain under seal in the Brooklyn, New York federal court to scuttle their $5.7 billion accord with Visa and MasterCard, which won court approval in 2013, the retailers’ lawyer Owen Glist said in an email.
29 July, 2015 by The TZ Newswire Staff Comments Off on House Speaker Boehner supports ending U.S. oil export ban
House Speaker Boehner supports ending U.S. oil export ban
U.S. House of Representatives Speaker John Boehner on Wednesday expressed for the first time his support for repealing the 40-year-old ban on domestic crude oil exports, a move that could breathe new life into a bill in his chamber. “Until recently our nation’s energy policy was rooted in a scarcity mindset that went back to the 1970s,” Boehner, a Republican, told reporters.
29 July, 2015 by The TZ Newswire Staff Comments Off on Video: Video: Debris to be probed for link to missing MH370
Video: Video: Debris to be probed for link to missing MH370
Experts say debris found on a remote island is likely a wing part from a Boeing 777. Could it be from MH370?
29 July, 2015 by The TZ Newswire Staff Comments Off on Australia – airport strikes planned for next week. (Sea ports too)
Australia – airport strikes planned for next week. (Sea ports too)
Earlier news from Australia:
More here
I’ve also heard there may be strikes at sea ports also …. but haven’t been able to confirm.
If so … not a positive for exports
29 July, 2015 by The TZ Newswire Staff Comments Off on 3 Surprises From Whiting Petroleum Corporation’s Earnings Report
3 Surprises From Whiting Petroleum Corporation’s Earnings Report
Whiting Petroleum Corporation surprisingly slashes its recently raised capex budget.
29 July, 2015 by The TZ Newswire Staff Comments Off on ForexLive Asia FX news wrap: AUD/NZD bounces, USD/JPY up a little
ForexLive Asia FX news wrap: AUD/NZD bounces, USD/JPY up a little
Forex news for Asia trading Thursday 30 July 2015
Oil has tracked sideways since the decent move higher in US time, while gold has lost a few dollars after earlier highs.
29 July, 2015 by The TZ Newswire Staff Comments Off on UBS targets EUR/USD higher in the coming months
UBS targets EUR/USD higher in the coming months
UBS targets EUR/USD at 1.12 in 1-month and 1.14 in 3-month. They have 3 key points why they are taking this view.
“EUR/USD is the view of ours that receives the most pushback from
investors, most of whom appear significantly more bearish. The pushback
to our view is often that even if market pricing for the Fed and ECB is
correct, the very act of the Fed hiking will be bullish for the dollar.
So, even if the first hike is fully priced, and the cycle ends up being
very gradual, EUR/USD can still fall sharply. We remain sceptical of
this argument,UBS argues.
OK, all you EUR bulls …