6 August, 2015 by The TZ Newswire Staff Comments Off on Global stocks markets muted as US jobs data awaited
Global stocks markets muted as US jobs data awaited
Global stock markets were muted Thursday as jitters about China’s economy and upcoming U.S. jobs data kept buying appetite in check. KEEPING SCORE: France’s CAC 40 inched up 0.1 percent to 5,199.81 in …
6 August, 2015 by The TZ Newswire Staff Comments Off on Ackman takes $5.5B chunk of snack-maker Mondelez
Ackman takes $5.5B chunk of snack-maker Mondelez
Activist investor William Ackman has taken $5.5 billion stake in Mondelez, owner of brands including Oreo and Ritz.
6 August, 2015 by The TZ Newswire Staff Comments Off on China growth probably half reported rate or less, say sceptics
China growth probably half reported rate or less, say sceptics
China’s economy is growing only half as fast as official data shows, or maybe even slower, according to foreign investors and analysts who increasingly challenge how the world’s second largest economy can be measured so swiftly and precisely. Beijing’s official statisticians reported last month that China’s economy grew by a steady 7.0 percent in the first two quarters of the year, spot on its official 2015 target.
6 August, 2015 by The TZ Newswire Staff Comments Off on SoftBank plans near $1 billion buyback as confidence in Sprint renewed
SoftBank plans near $1 billion buyback as confidence in Sprint renewed
SoftBank Corp (9984.T) announced a near $1 billion share buyback and a higher quarterly profit as loss-making Sprint Corp (S.N) fared better than expected, with the Japanese telecoms group forecasting “light at the end of the tunnel” for its U.S. unit. The share buyback worth up to 120 billion yen ($961.69 million) would be SoftBank’s biggest ever if carried out in full. CEO Masayoshi Son attributed the surprise move to its lackluster share price and renewed confidence in Sprint which SoftBank bought for more than $20 billion in 2013 but has struggled to turn around.
6 August, 2015 by The TZ Newswire Staff Comments Off on UK industrial output unexpectedly falls in June
UK industrial output unexpectedly falls in June
British industrial output unexpectedly eased in June as the production of oil and gas and mining fell, official data showed on Thursday. Industrial output fell 0.4 percent in June, against expectations for a 0.1 percent rise and from a 0.3 percent increase in May, the Office for National Statistics said. There was a broad slowdown in oil and gas production, partly due to maintenance in a major oil field, the ONS said.
6 August, 2015 by The TZ Newswire Staff Comments Off on German factory orders beat forecast, up 2 percent in June
German factory orders beat forecast, up 2 percent in June
German industrial orders rose by a much stronger than expected 2 percent in June, led by an above-average number of big-ticket items and by demand from outside the eurozone. The Federal Statistical Office …
6 August, 2015 by The TZ Newswire Staff Comments Off on Two companies unite to make nitrogen giant
Two companies unite to make nitrogen giant
CF Industries on Thursday announced it has agreed to merge with OCI in a deal valued at approximately $8 billion, including about $2 billion in debt.