18 August, 2015 by The TZ Newswire Staff Comments Off on Greece gives German firm rights to run 14 airports
Greece gives German firm rights to run 14 airports
Greece has agreed to sell to a German company the rights to operate 14 regional airports. The deal is the first in a wave of privatizations the government had until recently opposed but needs to make to …
18 August, 2015 by The TZ Newswire Staff Comments Off on Bond traders aren’t buying into good economic news
Bond traders aren’t buying into good economic news
The reaction in the $12.8 trillion U.S. government bond market to surprisingly strong data has become more muted in recent months, according to Goldman Sachs Group Inc. At the same time, the influence of unexpectedly weak data has grown for longer maturities, while staying about the same for others, the New York-based bank wrote in a report published Tuesday. “Investors’ pessimism on growth could be playing a role in explaining the decline — and low levels — of U.S. rates,” wrote Silvia Ardagna, who’s based in London.
18 August, 2015 by The TZ Newswire Staff Comments Off on No pain, no gain for stores chasing fickle shoppers
No pain, no gain for stores chasing fickle shoppers
Retailers’ reinvention plans come with a price tag, and that’s showing.
18 August, 2015 by The TZ Newswire Staff Comments Off on Wells Fargo adding car loan branches to boost less risky lending
Wells Fargo adding car loan branches to boost less risky lending
Wells Fargo is building more branches devoted to car loans and financing for auto dealers in an effort to increase its auto lending business without taking bad credit risk, the bank’s head of car lending told Reuters. Making smart credit decisions is critical now as the auto lending business heats up. U.S. consumers have $1 trillion of automobile loans outstanding, up from about $700 billion in the first quarter of 2010, according to data from the New York Federal Reserve.
18 August, 2015 by The TZ Newswire Staff Comments Off on Puerto Rico bond offer postponed, seen luring high-yield funds
Puerto Rico bond offer postponed, seen luring high-yield funds
Puerto Rico postponed until later this week its first bond sale in public markets since it defaulted, investors said on Tuesday, an offering that according to Fitch ratings agency may attract high-yield municipal funds. According to data company IPREO, the $750 million deal for the Puerto Rico Aqueduct and Sewer Authority (PRASA) was slated to price on Tuesday. Lyle Fitterer, head of tax-exempt fixed income at Wells Capital Management, also said that it was his understanding that the release would happen Thursday.
18 August, 2015 by The TZ Newswire Staff Comments Off on Stocks Finish Lower, But Homebuilders Excel
Stocks Finish Lower, But Homebuilders Excel
Stocks finished moderately lower Tuesday, but the indexes belied underlying strength in housing-related names. The Nasdaq was 0.6% off, the S&P 500 down 0.3% and the Dow Jones industrial average shed 0.2% in the stock market today. Volume was higher on the NYSE and slightly higher on the Nasdaq, according to preliminary figures.
18 August, 2015 by The TZ Newswire Staff Comments Off on API crude oil inventories: -2.3mln barrels
API crude oil inventories: -2.3mln barrels
American Petroleum Institute (API) crude oil inventories for the week to August 14
An inventory drawdown according to API
– Weekly crude stocks down 2.3 million barrels
-Note – This data is out earlier to API subscribers (at 4.30pm ET) and released publicly at 4.35pm ET.