29 October, 2015 by The TZ Newswire Staff Comments Off on Today’s mid-point reference rate for the yuan (USD/CNY): 6.3495
Today’s mid-point reference rate for the yuan (USD/CNY): 6.3495
Set by the People’s Bank of China:
– yesterday’s close was 6.3567
– yesterday’s mid point was set at 6.3596
A Strengthening of the yuan from the set yesterday
29 October, 2015 by The TZ Newswire Staff Comments Off on World Health Organization: Prolonged Exposure to Even LOW Level Radiation Increases the Risk of Cancer
World Health Organization: Prolonged Exposure to Even LOW Level Radiation Increases the Risk of Cancer
Over 300,000 Nuclear Workers from France, the UK and US Studied for Radiation-Cancer Link
A major new study coordinated by World Health Organization’s cancer division – the International Agency for Research on Cancer (IARC) – finds that even low-level radiation increases the risk of cancer, if exposure occurs over time.
The IARC announced last week:
29 October, 2015 by The TZ Newswire Staff Comments Off on Starbucks cafe sales hot, but holiday forecast disappoints
Starbucks cafe sales hot, but holiday forecast disappoints
Starbucks shares fell as much as 3 percent in after-hours trading, before settling at $62, down 0.8 percent. Global sales at cafes open at least 13 months rose 8 percent in the fiscal fourth quarter, beating the 6.9 percent rise expected by analysts polled by research firm Consensus Metrix. China’s cooling economy has global investors on edge and already has been blamed for soft results from KFC and Pizza Hut parent Yum Brands Inc (YUM.N).
29 October, 2015 by The TZ Newswire Staff Comments Off on CVS, Express Scripts drop Valeant’s Philidor; stock dives
CVS, Express Scripts drop Valeant’s Philidor; stock dives
The moves by the nation’s two largest pharmacy benefit managers whacked Valeant shares before the market close, and pushed them 10 percent lower to $99 after hours. After coming under pressure this summer, Valeant’s stock plunged last week after short-seller Citron Research said that the company was using its drug distributor, Philidor Rx, to inflate revenue numbers. Valeant said it properly accounts for sales through its pharmacy partners and only books revenue once one of its medicines reaches a patient.
29 October, 2015 by The TZ Newswire Staff Comments Off on Target to offer free U.S. shipping, strikes global shipping deal
Target to offer free U.S. shipping, strikes global shipping deal
Target Corp (TGT.N) said it will drop shipping fees for all online orders during the holiday shopping season for a second year in a row, ratcheting up competition with rivals including Wal-Mart Stores Inc (WMT.N) and Amazon.com (AMZN.O). The discount retailer also said it has struck a deal with Borderfree Inc to ship products to 200 countries and territories outside the United States during the holiday season. This comes as Target expands differentiated products and stylish merchandise at affordable prices to draw in its core customer base of middle-class shoppers.
29 October, 2015 by The TZ Newswire Staff Comments Off on Wal-Mart banks on in-store pickup, tweaks discount strategy for holiday season
Wal-Mart banks on in-store pickup, tweaks discount strategy for holiday season
Wal-Mart Stores Inc said it has launched a new mobile application to reduce in-store pickup times for online orders during the holiday shopping season, focusing on an area where it believes it has an advantage …
29 October, 2015 by The TZ Newswire Staff Comments Off on Australian data: Q3 PPI ( +0.9% q/q) and private sector credit (+0.8% m/m)
Australian data: Q3 PPI ( +0.9% q/q) and private sector credit (+0.8% m/m)
Australian data, neither of these is usually much of an immediate FX mover
Private Sector Credit for September:
– +0.8% m/m, expected 0.5%, prior was 0.6%
While I’m at it … business credit is up 1.2% m/m (was up 0.5% last month) and up 3.8% y/y