28 September, 2015 by The TZ Newswire Staff Comments Off on 5 things that keep Carl Icahn up at night
5 things that keep Carl Icahn up at night
Billionaire investor Carl Icahn thinks stocks could go down ‘a lot more’ as the market comes to grips with bubbles exacerbated by the Fed.
28 September, 2015 by The TZ Newswire Staff Comments Off on China capital outflow-SAFE limits yuan cash withdrawals at overseas ATMs
China capital outflow-SAFE limits yuan cash withdrawals at overseas ATMs
MNI reports on the latest from SAFE (State Administration of Foreign Exchange:
– Putting a cap on annual cash withdrawals, of CNY100,000 for Chinese citizens using bank cards at overseas ATMs
28 September, 2015 by The TZ Newswire Staff Comments Off on Which is better? A ‘slow burn crisis’ or a crash?
Which is better? A ‘slow burn crisis’ or a crash?
The Australian Financial Review with a piece on the global economy.
It says US and Europe economies are resilient despite a slowing China
Quoting Barclays:
28 September, 2015 by The TZ Newswire Staff Comments Off on Cramer: Stocks stuck in a vortex of hate right now
Cramer: Stocks stuck in a vortex of hate right now
Jim Cramer can see that fear is driving this bear market. As a result, this group is now viewed as toxic and being sold-off fast.
28 September, 2015 by The TZ Newswire Staff Comments Off on Asia shares skid to 3-1/2-year lows on China anxiety
Asia shares skid to 3-1/2-year lows on China anxiety
Asian shares skidded to 3-1/2-year lows and the dollar sagged on Tuesday, pulled down by a sharp losses on Wall Street after weak Chinese data rekindled worries about its fragile economy. Commodities struggled …
28 September, 2015 by The TZ Newswire Staff Comments Off on Glencore slumps 30 percent as debt fears grow
Glencore slumps 30 percent as debt fears grow
Shares in mining and trading company Glencore fell almost 30 percent and closed at a record low on Monday over concerns it is not doing enough to cut its debt to withstand a prolonged fall in global metals prices. About 3.5 billion pounds ($5.33 billion) in market value was wiped off the Swiss-based firm, whose $10 billion share offering in 2011 turned its managers into billionaire shareholders but left it saddled with debt – a growing problem as commodity prices fell.
28 September, 2015 by The TZ Newswire Staff Comments Off on Energy Transfer to buy Williams for $33 billion after long quest
Energy Transfer to buy Williams for $33 billion after long quest
The takeover ends a pursuit stretching back to January and marks the first major buyout of a midstream company since oil prices crashed. It will create one of the world’s largest energy infrastructure companies, alongside Kinder Morgan Inc. and Enterprise Products Partners (EPD.N). Williams turned that down, but its worth has sunk by a third since then as an energy slump that started in mid-2014 drags on.