12 October, 2015 by The TZ Newswire Staff Comments Off on China to put growth before reform ambitions amid slowdown fear
China to put growth before reform ambitions amid slowdown fear
Chinese leaders will signal that growth is their priority over reform for the world’s second-biggest economy by setting a growth target of around 7 percent in their next long-term plan even as the economy loses momentum, policy insiders say. The Communist Party’s central committee will meet from Oct. 26-29 to set out their 13th Five-Year plan, a blueprint for economic and social development between 2016 and 2020.
12 October, 2015 by The TZ Newswire Staff Comments Off on Brewers SABMiller and AB InBev agree 44 pound a share takeover
Brewers SABMiller and AB InBev agree 44 pound a share takeover
Anheuser-Busch InBev and SAB Miller said on Tuesday they had agreed terms for a takeover, with the world’s largest brewer set to pay 44 pounds per share in cash for its smaller rival. After days of wrangling …
12 October, 2015 by The TZ Newswire Staff Comments Off on Former Anglo Irish Bank CEO to face extradition hearing in Boston
Former Anglo Irish Bank CEO to face extradition hearing in Boston
The former chief executive of Anglo Irish Bank is due in federal court in Boston on Tuesday for an extradition hearing as Irish authorities reportedly are preparing to charge him for his role in the collapse of that bank. The executive, David Drumm, was arrested on Saturday in a suburb of Boston, where he had been living since the bank was nationalized in early 2009, and has been in custody since awaiting Tuesday’s hearing, according to a spokeswoman for the U.S. Attorney’s Office in Boston.
12 October, 2015 by The TZ Newswire Staff Comments Off on GBPUSD orders 13 Oct
GBPUSD orders 13 Oct
Currently 1.5367 after 1.5388 but failing to break through more offers into 1.5400-10 and finding supply from EURGBP demand. M&A demand and CPI data in focus
12 October, 2015 by The TZ Newswire Staff Comments Off on Switzerland producer and import prices Sept mm -0.1% as expected
Switzerland producer and import prices Sept mm -0.1% as expected
Latest data now out
– -0.7% prev
– yy -6.8% as exp/prev
Nothing to glean here
USDCHF 0.9596 near session lows with 0.9600 giving up again
EURCHF 1.0936 on the rise again as euro finds equity market-related demand
12 October, 2015 by The TZ Newswire Staff Comments Off on AB InBev/SABMiller agree key terms of mega deal
AB InBev/SABMiller agree key terms of mega deal
The world’s two biggest beer brewers edged one step closer to a merger deal Tuesday.
12 October, 2015 by The TZ Newswire Staff Comments Off on Germany’s VDMA sees engineering sector continuing to stagnate in 2016
Germany’s VDMA sees engineering sector continuing to stagnate in 2016
The VDMA engineering association expects stagnation in output to continue in 2016 due to global instability
President Reinhold Festge says today in a planned speech in Berlin: