24 August, 2015 by The TZ Newswire Staff Comments Off on Indian Central bank head on stocks collapse – Deal with it, stop crying for support
Indian Central bank head on stocks collapse – Deal with it, stop crying for support
Some straight talk from Reserve Bank of India Governor Raghuram Rajan:
And …
Take that, China …
Rajaon was speaking at a conference in Mumbai on Monday. Good stuff.
24 August, 2015 by The TZ Newswire Staff Comments Off on China growth panic is overdone, experts warn
China growth panic is overdone, experts warn
The turmoil gripping China’s markets doesn’t reflect the condition of the world’s second largest economy, some analysts and economists warn.
24 August, 2015 by The TZ Newswire Staff Comments Off on Brazil’s Economy Is Now A Job Destruction Machine
Brazil’s Economy Is Now A Job Destruction Machine
In more ways than one (or two, or three) Brazil is the poster child for the global emerging market unwind that, thanks to China’s yuan devaluation, has accelerated dramatically over the course of the last week.
24 August, 2015 by The TZ Newswire Staff Comments Off on Australian PM Abbott: Stock market difficulties are associated with China bubble
Australian PM Abbott: Stock market difficulties are associated with China bubble
Bloomberg with comments from Australian PM Abbott:
– Stock market difficulties are associated with China bubble
– Australian economic fundamentals are sound
– Australians shouldn’t hyperventilate over stocks
–
24 August, 2015 by The TZ Newswire Staff Comments Off on Asian shares bounce off three-year lows while China’s suffering goes on
Asian shares bounce off three-year lows while China’s suffering goes on
Volatile global markets showed signs of a respite from the recent blood-letting on Tuesday, as bargain hunters helped Asian stocks off three-year lows hit on fears that China’s economy was risking a hard landing, with Chinese shares losing another 5 percent. The MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 1.7 percent after an initial dip to three-year lows while Japan’s Nikkei (.N225) index also erased most of its early losses after an initial drop of 4.3 percent. U.S.
24 August, 2015 by The TZ Newswire Staff Comments Off on Monsanto sweetens offer for Syngenta, values firm at $47 billion
Monsanto sweetens offer for Syngenta, values firm at $47 billion
U.S.-based Monsanto Co (MON.N) sweetened its offer to buy Switzerland’s Syngenta AG (SYNN.VX), valuing the company at around $47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta’s own seeds and pesticides, raised its offer to 470 Swiss francs ($501.98) per share from CHF 449 per share, the person said. The increased offer, which sent Syngenta’s shares jumping, is aimed at ending the stalemate between the two firms.
24 August, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Boeing eyes ‘several hundred’ layoffs in satellite division
Exclusive: Boeing eyes ‘several hundred’ layoffs in satellite division
Boeing Co (BA.N) on Monday told its workers that it expected to cut as many as “several hundred” jobs in its satellite business through the end of 2015 due to a downturn in U.S. military spending and delays in commercial satellite orders. Multiple commercial orders were being delayed by recent failures of launch vehicles and uncertainties about the future availability of financing from the U.S. Export-Import Bank, whose government charter lapsed on June 30, the company told key managers in an internal communication.