1 October, 2015 by The TZ Newswire Staff Comments Off on Worth Wray on China’s Failed Plan to Blow Stock Market Bubble and Attract Global Investors
Worth Wray on China’s Failed Plan to Blow Stock Market Bubble and Attract Global Investors
“The equity market was a major element of Beijing’s restructuring plan. What they needed to do was blow this big equity bubble domestically, attract a lot of foreign capital in that would allow their over-leveraged debt burdened companies to sell bad assets…”
1 October, 2015 by The TZ Newswire Staff Comments Off on ECB head Draghi: Says economic growth is returning… and more
ECB head Draghi: Says economic growth is returning… and more
Comments from President of the European Central Bank Mario Draghi
– Economic growth is returning
– Says real progress in stabilizing Euro area for the past 3 years
Bloomberg add that D doesn’t comment on ECb policy outlook in the text.
1 October, 2015 by The TZ Newswire Staff Comments Off on Asian shares, dollar sag on caution before U.S. payrolls
Asian shares, dollar sag on caution before U.S. payrolls
Asian shares and the dollar slipped in early trading on Friday, after mixed U.S. data provided little clarity on the timing of the Federal Reserve’s expected interest rate hike ahead of a key U.S. jobs report later in the session. China’s markets will be closed until Oct. 8 for the National Golden Week holidays. On Thursday, a pair of manufacturing surveys showed persistent weakness in China’s factory sector, although they weren’t as bad as some had feared.
1 October, 2015 by The TZ Newswire Staff Comments Off on Fed’s Williams repeats call for rate hike ‘sometime’ in 2015
Fed’s Williams repeats call for rate hike ‘sometime’ in 2015
San Francisco Federal Reserve Bank President John Williams on Thursday renewed his call for an interest-rate hike “sometime later this year,” citing near-full employment and rapidly rising house …
1 October, 2015 by The TZ Newswire Staff Comments Off on EU antitrust chief says Apple, Google cases show no U.S. bias
EU antitrust chief says Apple, Google cases show no U.S. bias
Europe’s antitrust chief dismissed on Friday accusations of anti-U.S. bias over her decision to go after Google (GOOGL.O) for abusing its Internet search dominance and Apple (AAPL.O) over an Irish tax deal, saying such talk was a fallacy. European Competition Commissioner Margrethe Vestager’s robust defense of her actions came after she was criticized in the U.S. media for a spate of cases opened over the past year against U.S. giants such as Google, Apple, Amazon (AMZN.O) and Starbucks (SBUX.O). “Some claim that our cases involving Internet giants such as Apple or Google are evidence of bias.
1 October, 2015 by The TZ Newswire Staff Comments Off on Merrill Lynch must face class action for role in Zale buyout
Merrill Lynch must face class action for role in Zale buyout
The preliminary ruling by the Delaware Court of Chancery, a premiere venue for shareholder lawsuits, found Merrill Lynch could have aided the Zale board breach their duties to investors. Zale agreed in 2014 to be acquired by rival Signet Jewelers for $21 per share, or $690 million. TIG Advisors, which held nearly 10 percent of Zale stock, called the deal grossly unfair and shareholders only narrowly approved the sale.
1 October, 2015 by The TZ Newswire Staff Comments Off on Pacific trade ministers vow to reach deal but extra time needed
Pacific trade ministers vow to reach deal but extra time needed
Trade ministers from a dozen Pacific nations meeting in Atlanta extended talks on a sweeping trade deal until Saturday in a bid to get a final agreement on the most ambitious trade pact in a generation. “No one wants to leave without an agreement,” Mexican Economy Minister Ildefonso Guajardo told Reuters after a second plenary session of top officials from all 12 nations. “We are starting to see the path to an agreement and have agreed to make final efforts,” Japanese Economy Minister Akira Amari told reporters.