4 August, 2015 by The TZ Newswire Staff Comments Off on ASE chief says the stock market is normalising
ASE chief says the stock market is normalising
A more sedate trading environment in Greek stocks from yesterday
No signs of a bounce with stocks down 1.5% currently and CEO Lazaridis says the second day of trading after the shutdown shows the market is normalising. He adds that they probably won’t extend volatility controls
4 August, 2015 by The TZ Newswire Staff Comments Off on As oil falls below $50, analysts eye ‘mid-price’ era
As oil falls below $50, analysts eye ‘mid-price’ era
A slump in oil below $50 a barrel—a level it has held above for most of the past decade—has raised the prospect of a new era of lower prices.
4 August, 2015 by The TZ Newswire Staff Comments Off on Respite for commodities as dollar wilts, China bounces
Respite for commodities as dollar wilts, China bounces
Oil prices steadied at $50 a barrel after a 5 percent drop and badly bruised commodity and Chinese markets were calmer generally on Tuesday, as investors attempted to shake off the recent turbulence. European stocks reversed some of the previous day’s gains and safe-haven German government bonds were in demand as the region opened, but there was some respite for commodities and their related currency and share markets.
4 August, 2015 by The TZ Newswire Staff Comments Off on Mobius: Oil’s fall is purely sentimental
Mobius: Oil’s fall is purely sentimental
Investment guru Mark Mobius dismissed claims that oversupply is behind oil’s sell-off, and believes the end of the broader commodities rout is near.
4 August, 2015 by The TZ Newswire Staff Comments Off on Toyota’s quarterly profit up 10 pct on cheap yen, cost cuts
Toyota’s quarterly profit up 10 pct on cheap yen, cost cuts
Toyota’s profit for April-June rose 10 percent on perks from a cheap yen and cost reduction efforts that offset lower vehicle sales. Toyota Motor Corp. had a fiscal first quarter profit of 646.3 billion …
4 August, 2015 by The TZ Newswire Staff Comments Off on BMW Q2 earnings slip on China, costs for new models
BMW Q2 earnings slip on China, costs for new models
German luxury automaker BMW saw net profit slip 1 percent in the second quarter amid higher launch costs for new vehicles and a tougher market in China, a major pillar of its profits. The company said …
4 August, 2015 by The TZ Newswire Staff Comments Off on 50 Cent says expenses $108,000 a month; $72,000 for mansion
50 Cent says expenses $108,000 a month; $72,000 for mansion
Rapper 50 Cent says in a Connecticut bankruptcy court filing he spends $108,000 a month on his expenses, including $5,000 for gardening. He has a monthly income of $185,000, mainly from royalties and interest …