30 September, 2015 by The TZ Newswire Staff Comments Off on Lagarde: ‘reason to be concerned’ about global economy
Lagarde: ‘reason to be concerned’ about global economy
The International Monetary Fund voiced concern Wednesday about the global economy, weakened by China’s slowdown and facing a potential “vicious cycle” from a looming US interest rate hike. The prospect of rising interest rates in the United States and China’s slowdown are contributing to uncertainty and higher market volatility,” IMF Managing Director Christine Lagarde said in a speech in Washington, according to the prepared text.
30 September, 2015 by The TZ Newswire Staff Comments Off on The 10 youngest people on the Forbes 400 list and how they got there
The 10 youngest people on the Forbes 400 list and how they got there
As you might expect, the top of the latest Forbes 400 list is riddled with familiar names like Walton, Gates and Buffett, but Yahoo Finance dug a little deeper to see who the youngest billionaires (and they’re all billionaires) were to make the list.
30 September, 2015 by The TZ Newswire Staff Comments Off on 2015 is turning out to be a terrible year for investors
2015 is turning out to be a terrible year for investors
For investors around the world, 2015 is turning into a year to forget.
30 September, 2015 by The TZ Newswire Staff Comments Off on House on track to back bill to keep government open
House on track to back bill to keep government open
With just hours to a midnight deadline, a divided Congress headed toward approving a temporary spending bill late Wednesday to keep the government open. Approval of such stopgap measures has often been …
30 September, 2015 by The TZ Newswire Staff Comments Off on House Urged to Investigate Hedge Fund Role in Puerto Rico Crisis
House Urged to Investigate Hedge Fund Role in Puerto Rico Crisis
The top Democrat on the U.S. House Natural Resources Committee is pushing for a congressional hearing into the role of hedge funds in Puerto Rico’s debt crisis. Making the request Wednesday, Representative Raul Grijalva of Arizona pointed to a Sept. 4 report by his staff asserting that some hedge-fund managers are trying to affect the outcome of the crisis to pad profits rather than accept losses from investment miscalculations. “This behavior, while profitable, is reprehensible,” Grijalva wrote in a letter to committee chairman Rob Bishop of Utah.
30 September, 2015 by The TZ Newswire Staff Comments Off on 9 of 13 big international firms surveyed says China growing at 3 to 5%, not 7%
9 of 13 big international firms surveyed says China growing at 3 to 5%, not 7%
I don’t know how much you can rely on the info in this article, but I found it an interesting read.
Reuters spoke to 13 executives in charge of China operations at international firms and got varied responses, but in summary, 9 of them said China was growing at 3 to 5%, not at 7%
30 September, 2015 by The TZ Newswire Staff Comments Off on Treasuries Post Q3 Gains As Investors Seek Safety
Treasuries Post Q3 Gains As Investors Seek Safety
Ten-year Treasuries posted the biggest quarterly advance of 2015 amid declines in stocks and concern that China’s slowing economy will restrict global growth. The yield on the benchmark 10-year note reached a five-week low after an index measuring Chicago-area manufacturing indicated contraction for the fifth month this year.