13 September, 2015 by The TZ Newswire Staff Comments Off on A Refugee Crisis Made In America
A Refugee Crisis Made In America
13 September, 2015 by The TZ Newswire Staff Comments Off on Asia shares edge up, brush off soft China data
Asia shares edge up, brush off soft China data
Asian shares edged up on Monday in cautious trade, brushing off soft economic data from China, as investors looked to whether the U.S. Federal Reserve is confident enough to raise interest rates for the first time in a decade. U.S. stock futures (ESc1) rose 0.4 percent from late U.S. levels in early Asian trade while Japan’s Nikkei (.N225) rose 0.4 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.
13 September, 2015 by The TZ Newswire Staff Comments Off on UAW picks Fiat Chrysler as target company in labor talks
UAW picks Fiat Chrysler as target company in labor talks
Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) will get the first shot at setting a pattern for wages and benefits for more than 140,000 unionized factory workers at the Detroit Three automakers, the company and the United Auto Workers union said Sunday. The UAW did not elaborate on its decision to choose FCA to set the pattern for new master contracts it will later negotiate with General Motors Co (GM.N) and Ford Motor Co (F.N).
13 September, 2015 by The TZ Newswire Staff Comments Off on Airbus says U.S. factory will be world’s most efficient
Airbus says U.S. factory will be world’s most efficient
Airbus Group (AIR.PA) said on Sunday that its first U.S. factory, due to formally open on Monday, will be the most efficient in the world and will focus on building the largest version of the company’s single-aisle aircraft. The elegant, skylit factory on 116 acres here will be capable of making up to eight A320 family jetliners a month, though Airbus said it has no plans for that level of production. The factory is a potent challenge to rival Boeing Co (BA.N).
13 September, 2015 by The TZ Newswire Staff Comments Off on Alibaba shares could fall another 50 percent, says Barron’s cover story
Alibaba shares could fall another 50 percent, says Barron’s cover story
The reasons the weekly financial newspaper gave for the dour outlook: China’s struggling economy, increasing competition in e-commerce and more scrutiny of the company’s culture and governance. Alibaba spokesman Bob Christie said the article “contains factual inaccuracies and selective use of information, and the conclusions the reporter draws are misleading.” The company has posted on the internet a letter to Barron’s editor complaining about the story. “That may only worsen as China’s economic growth drops to its lowest pace in six years,” Barron’s said.
13 September, 2015 by The TZ Newswire Staff Comments Off on List of central banks that have raised rates since 2009 … and then forced to cut again
List of central banks that have raised rates since 2009 … and then forced to cut again
A piece in the Wall Street Journal lists ‘advanced economy’ central banks that have raised rates in recent years, only to resort to cutting again.
It asks if there are lessons in this for the US central bank this week.
13 September, 2015 by The TZ Newswire Staff Comments Off on US Futures Jump Unaware Gartman Short Has Been Stopped Out, China Hugs Flatline
US Futures Jump Unaware Gartman Short Has Been Stopped Out, China Hugs Flatline
Following a string of weak economic news out of both Japan and the US, it was China’s turn to disappoint which it did over the weekend with the worst fixed-asset investment data – the primary driver of China’s GDP – since 2000, as well as yet another miss in Chinese industrial output, just the latest two indications that China’s economy is grinding to a halt if not sla