29 September, 2015 by The TZ Newswire Staff Comments Off on BUBA’s Weidmann says EU should have clear rules for sovereign debt
BUBA’s Weidmann says EU should have clear rules for sovereign debt
Bundesbank head Jens Weidmann trawling out some familiar themes
– taxpayers shouldn’t be liable for banking issues
– solidarity isn’t a solution for economic failures
Bloomberg reporting
29 September, 2015 by The TZ Newswire Staff Comments Off on Option expiries 10am NY cut today 30 Sept
Option expiries 10am NY cut today 30 Sept
Here’s what the DTCC have listed at the moment
– USDJPY
– EURUSD 1.1230 (320m)
– GBPUSD 1.5050 (GBP (306m) 1.5250 (301m)
– USDCHF
– USDCAD none
– AUDUSD
Notable AUD expiries gives a defined range to expect at the very least
29 September, 2015 by The TZ Newswire Staff Comments Off on Nikkei 225 posts new session highs of 17,389.24
Nikkei 225 posts new session highs of 17,389.24
A better day for the Japanese equity market
– new highs just posted
– +458.40
– +2.71%
– USDJPY 119.88 up a tad but struggling to hold gains over 120.00 so far
29 September, 2015 by The TZ Newswire Staff Comments Off on Global markets to log worst quarter since 2011
Global markets to log worst quarter since 2011
Global stock markets are headed for their weakest quarterly performance in four years after a torrid summer.
29 September, 2015 by The TZ Newswire Staff Comments Off on China’s gold reserves rise to 54.45m fine troy oz vs 53.93m prev
China’s gold reserves rise to 54.45m fine troy oz vs 53.93m prev
The figure is for end-Aug vs end-July and comes from the PBOC
China began updating its reserve figures on a monthly basis in June, after reporting an unchanged level for more than 6 years
29 September, 2015 by The TZ Newswire Staff Comments Off on Asian shares rally, but still on track for quarterly losses
Asian shares rally, but still on track for quarterly losses
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent at 2137 EDT after plumbing its lowest since June 2012 on Tuesday on fears that China’s slowdown would curb its huge appetite for commodities and resources. The index was on track for a 4 percent decline in September, extending losses for the quarter to 18.5 percent, the worst quarterly performance in four years.
29 September, 2015 by The TZ Newswire Staff Comments Off on Ralph Lauren hires Old Navy executive to replace him as CEO
Ralph Lauren hires Old Navy executive to replace him as CEO
American designer Ralph Lauren, who built a fashion powerhouse on luxury designs inspired by country club chic, announced Tuesday he is stepping down as chief executive officer and named the head of Gap Inc’s populist Old Navy brand to the position. Ralph Lauren Corp, founded by 75-year-old Lauren in 1967, appointed Stefan Larsson, the global president of Gap’s Old Navy division, as CEO effective in November. Lauren will continue to serve as executive chairman and head its design team, the company said in a statement.