13 August, 2015 by The TZ Newswire Staff Comments Off on Greek parliament approves bailout agreement
Greek parliament approves bailout agreement
Enough votes secured to proceed
EURUSD has had a rally to 1.1165 on the news
Tsipras says he will seek a confidence vote for him and his govt after Aug 20 when ECB debt repayment falls due
13 August, 2015 by The TZ Newswire Staff Comments Off on European equity markets open mixed 14 August
European equity markets open mixed 14 August
An indifferent start to the European day
– FTSE +0.1%
– DAX -0.1%
– CAC40 -0.1%
– FTMIB +0.1%
– IBEX flat
China’s Shanghai Comp Index closed up 0.3%, +5.9% on the week, biggest weekly gain since June
13 August, 2015 by The TZ Newswire Staff Comments Off on Tsipras says Greek bailout deal was a necessary choice
Tsipras says Greek bailout deal was a necessary choice
Greek PM addressing parliament prior to vote
– first phase of govt closes today
– had to make tough choices when faced with reality
– govt didn’t have mandate for Grexit
Vote on bailout deal due shortly, in theory
13 August, 2015 by The TZ Newswire Staff Comments Off on Asia shares set to end week lower; crude oil slumps
Asia shares set to end week lower; crude oil slumps
TOKYO/SINGAPORE (Reuters) – Asian shares were mostly higher on Friday, but still on track for a steep weekly loss in the wake of China’s surprise currency devaluation earlier in the week. Crude oil futures remained under pressure, plunging to 6-1/2-year lows after data revealed a big rise in U.S. stockpiles, fuelling fears of a growing global glut.
13 August, 2015 by The TZ Newswire Staff Comments Off on Solar is having a great year, except on Wall Street
Solar is having a great year, except on Wall Street
Installations of solar panels are expected to soar by a third this year, the price of solar power is now cheap enough to compete neck and neck with gas and coal-fired power in places like California, and the fledgling industry received a vote of confidence last week when U.S. President Barack Obama announced a groundbreaking plan to curb power plant emissions. Wall Street, however, has been dumping solar shares this year, largely on concern, which investors say is misplaced, that tumbling oil prices will sap demand for alternative energy, even though oil isn’t used to generate power.
13 August, 2015 by The TZ Newswire Staff Comments Off on Currency-rigging lawsuit settlements rise past $2 billion: lawyer
Currency-rigging lawsuit settlements rise past $2 billion: lawyer
Investors have recovered more than $2 billion in settlements with nine banks over claims of price-rigging in the foreign exchange market, and are continuing to pursue claims against seven other banks, …
13 August, 2015 by The TZ Newswire Staff Comments Off on Exclusive: GM boosting production of big SUVs and trucks – sources
Exclusive: GM boosting production of big SUVs and trucks – sources
General Motors Co (GM.N) is boosting production of its highly profitable large SUVs and trucks to a pace that could result in 48,000 to 60,000 additional vehicles for the 2016 model year, in a bid to capitalize on rising demand, sources told Reuters. GM’s Arlington, Texas, plant that makes full-sized sport utility vehicles including the Cadillac Escalade and Chevrolet Suburban added Saturday overtime shifts beginning on Aug. 1, a GM spokesman confirmed on Thursday.