2 September, 2015 by The TZ Newswire Staff Comments Off on Pilots’ union threatens renewed strikes at Lufthansa
Pilots’ union threatens renewed strikes at Lufthansa
Pilots union Vereinigung Cockpit (VC) threatened renewed strike action at Lufthansa, saying the German flag carrier had rejected its offer of concessions in a long-running dispute that has cost the airline hundreds of millions of euros. Walkouts could start any time and could hit Lufthansa, its cargo arm Lufthansa Cargo and its budget carrier Germanwings, VC said in a statement on Wednesday. Lufthansa denied it had turned down the offer and said it regretted that VC had declared the negotiations a failure.
2 September, 2015 by The TZ Newswire Staff Comments Off on OPEC said to be split on oil price forecasts- Livesquawk
OPEC said to be split on oil price forecasts- Livesquawk
Livesquawk with the headline but no further details just yet
Details are from Bloomberg who say that OPEC is split on the need for long term oil price forecasts
2 September, 2015 by The TZ Newswire Staff Comments Off on August 2015 UK Markit construction PMI 57.3 vs 57.5 exp
August 2015 UK Markit construction PMI 57.3 vs 57.5 exp
Details from the August 2015 UK Markit construction PMI data report 2 September 2015
– Prior 57.1
Slightly less than expected but up on July
Housing activity led the index higher rising to 59.0 from 57.7 in July
2 September, 2015 by The TZ Newswire Staff Comments Off on Dollar goes offered as Treasuries go bid
Dollar goes offered as Treasuries go bid
USDJPY falls to session lows at 119.74
We’re still someway from the Asia lows but we’re heading south again as US Treasuries go bid and yields trade down to 2.899%
2 September, 2015 by The TZ Newswire Staff Comments Off on London Markets: London stocks regain ground after rout
London Markets: London stocks regain ground after rout
U.K.’s benchmark FTSE 100 is winning back a small portion of losses from the previous day’s selloff, as some shares gain on ratings upgrades.
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2 September, 2015 by The TZ Newswire Staff Comments Off on German machine orders jump on domestic demand
German machine orders jump on domestic demand
Engineering assoc WDMA release July machine orders
– Total orders +18.0% vs -4% prior y/y
– Domestic +43% vs 7% prior
– Export +5% vs -9% prior
It smells of a one off and VDMA chief economist notes an “unusually large volume of orders from Germany and Eurozone” That 51% jump was offset by an over 9% decline from non-EZ states