18 August, 2015 by The TZ Newswire Staff Comments Off on College athletes look to antitrust case as best hope for payday
College athletes look to antitrust case as best hope for payday
NEW YORK/DETROIT, Aug 18 (Reuters) – Football players at Northwestern University may have lost a bid to unionize on Monday, but a broader legal challenge has targeted the practice of excluding college athletes from sharing in the multibillion dollar bonanza they help generate. Alleging the current system of providing scholarships, but no pay, to the country’s best athletes violates U.S. antitrust law, a group of football and men’s basketball players is suing the National Collegiate Athletic Association (NCAA).
18 August, 2015 by The TZ Newswire Staff Comments Off on Vietnam central bank devalues dong by 1%
Vietnam central bank devalues dong by 1%
The State Bank of Vietnam, Vietnam’s central bank, has devalued the ding by 1% today
– They last devalued in May (also by 1%)
– Also widens the trading band to 3%
Bloomberg with the quick headlines
18 August, 2015 by The TZ Newswire Staff Comments Off on China stock marker opening indications – Shanghai Composite to open down 2.7%
China stock marker opening indications – Shanghai Composite to open down 2.7%
After the trashing China stocks got yesterday …. indications to how they’re going to open today
– Shanghai Composite to open down 2.7%
– CSI300 top open down 2.0%
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18 August, 2015 by The TZ Newswire Staff Comments Off on PBOC sets yuan reference rate at 6.3963
PBOC sets yuan reference rate at 6.3963
People’s Bank of China yuan mid point reference rate setting for today, little changed from yesterday
– Prior close 6.3938
– The bank allows USD/CNY to trade in a band +/- 2% either side of this mid point
Last week the setting procedure was changed, the PBOC now pays more attention to market pricing on the USD/CNY when setting each day’s rate. Their exact procedure is not known outside the bank, though.
18 August, 2015 by The TZ Newswire Staff Comments Off on Jumpy investors pull near $1 trillion out of EM
Jumpy investors pull near $1 trillion out of EM
Nearly $1 trillion of capital has flown out of emerging markets in the past 13 months, the Financial Times reports.
18 August, 2015 by The TZ Newswire Staff Comments Off on And The Best Way To Make Money In Chinese Stocks Is…
And The Best Way To Make Money In Chinese Stocks Is…
For anyone who missed it, things spun out of control in China’s equity markets on Tuesday when a violent bout of afternoon selling sent the SHCOMP and the Shenzhen tumbling by more than 6%.
More than half of the market traded limit-down.
“At 2 p.m. it started to turn south again at a very fast rate,” one analyst told WSJ, adding that “people questioned why the government hadn’t yet stepped in.”
18 August, 2015 by The TZ Newswire Staff Comments Off on FOMC Minutes: 5 things to watch (though Spinal Tap would say there is 11)
FOMC Minutes: 5 things to watch (though Spinal Tap would say there is 11)
Via the Wall Street Journal, their ‘5 things to watch’ in the FOMC July Minutes
– The July minutes could serve as the vehicle for some message about the likelihood of a move at the Sept. 16-17 meeting