12 August, 2015 by The TZ Newswire Staff Comments Off on Data coming up in this session 13 August
Data coming up in this session 13 August
Greetings one and all
A third PBOC deval and no one really surprised now. The talk of 10% to come in total, albeit denied, can not be ruled out
Data wise we have final CPI numbers from the Eurozone, the ECB Minutes from their last meeting, and US retail sales as the highlights
12 August, 2015 by The TZ Newswire Staff Comments Off on Former Port Authority chief covers the waterfront
Former Port Authority chief covers the waterfront
For Chris Ward, the former chairman of the Port Authority of New York and New Jersey, it’s been a summer of new beginnings. This past spring, he left his job as executive vice president for major…
To view the full story, click the title link.
12 August, 2015 by The TZ Newswire Staff Comments Off on Option expiries 10am NY cut today 13 August
Option expiries 10am NY cut today 13 August
USDJPY 124.00 (USD 521m) 124.25 (200m) 125.00 (1.9bln) 125.50 (350m)
– EURUSD 1.1150 (131m)
– GBPUSD 1.5540 (GBP 140m) 1.5650 (129m)
– USDCAD 1.3015 (USD 130m)
12 August, 2015 by The TZ Newswire Staff Comments Off on China central bank tries to soothe global markets, says no basis for yuan to fall further
China central bank tries to soothe global markets, says no basis for yuan to fall further
BEIJING/SHANGHAI (Reuters) – China’s central bank said on Thursday that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. As the yuan fell for the third straight day, the People’s Bank of China (PBOC) said the country’s strong economic environment, sustained trade surplus, sound fiscal position and deep foreign exchange reserves provided “strong support” to the exchange rate (CNY=CFXS).
12 August, 2015 by The TZ Newswire Staff Comments Off on Asian shares gain on hopes China slowing yuan descent
Asian shares gain on hopes China slowing yuan descent
Asian shares extended early gains on Thursday, taking heart from a late recovery on Wall Street and from efforts by China’s central bank to slow the sharp descent of the yuan. Losses for the currency early Thursday were slight after the central bank set a midpoint that was again lower than the previous day’s, but not as weak as some feared. Sources told Reuters some powerful voices in the government are pushing for an even deeper devaluation to help China’s struggling exporters.
12 August, 2015 by The TZ Newswire Staff Comments Off on Strong U.S. sales help Cisco beat estimates
Strong U.S. sales help Cisco beat estimates
Shares of Cisco, considered a bellwether for the performance of the broader network gear industry, rose nearly 4 percent in extended trading on Wednesday. The company is the market leader in selling network equipment to businesses, controlling about half of the $38 billion global market and overshadowing rivals Hewlett-Packard Co (HPQ.N) and China’s Huawei Technologies Co Ltd (HWT.UL), according to market research firm Gartner.
12 August, 2015 by The TZ Newswire Staff Comments Off on As Macy’s eyes China, some see need for more focus at home
As Macy’s eyes China, some see need for more focus at home
On Wednesday, Macy’s said it has formed a joint venture in China with Hong Kong-based Fung Retailing that will start by selling products on Alibaba Group Holdings Ltd’s (BABA.N) Tmall Global marketplace. The deal comes in the wake of Macy’s plans to open off-price stores in the United States that will sell clearance products, start new stores that will sell luxury beauty products, and offer same-day delivery services in more U.S. markets than Amazon (AMZN.O). Macy’s also is expanding a new loyalty program, localizing store assortments and trying to improve store service.