3 November, 2015 by The TZ Newswire Staff Comments Off on China October Services PMI 52.0 (prior 50.5) & Composite 49.9 (prior 48.0)
China October Services PMI 52.0 (prior 50.5) & Composite 49.9 (prior 48.0)
China Caixin/Markit PMIs for October
Composite 49.9
– prior was 48.0
Services 52.0
– prior was 50.5
Key points from Markit:
– Growth of services activity picks up, but manufacturing output falls further
Comment from Dr.
He Fan, Chief Economist at Caixin Insight Group:
3 November, 2015 by The TZ Newswire Staff Comments Off on Why J.P. Morgan IPO Access is a Huge Deal for Regular Investors
Why J.P. Morgan IPO Access is a Huge Deal for Regular Investors
In theory, an initial public offering (IPO) is a chance for ordinary investors to share in the success of a big, growing company. Got a hunch that Uber will continue its meteoric rise? Can’t wait to be an investor in Pinterest? Just hold tight for their respective IPOs, snap up some shares and watch as your share price climbs several points in a matter of months.
3 November, 2015 by The TZ Newswire Staff Comments Off on VW says fuel usage understated on some models; Porsche warns
VW says fuel usage understated on some models; Porsche warns
Volkswagen (VOWG_p.DE) on Tuesday said it had understated the fuel consumption of 800,000 cars sold in Europe, while majority stakeholder Porsche Automobil Holding SE (PSHG_p.DE) warned that VW’s latest findings could further weigh on its results. The latest revelation about fuel economy and carbon dioxide emissions, which Germany’s largest automaker said represented a roughly 2 billion euro ($2.19 billion) economic risk, deepened the crisis at VW.
3 November, 2015 by The TZ Newswire Staff Comments Off on Energy, tech push stocks up; Nasdaq 100 sets record
Energy, tech push stocks up; Nasdaq 100 sets record
The Nasdaq 100 index (.NDX) closed up 0.3 percent at 4,719.05, surpassing for the first time levels reached during the dot-com boom in 2000. The S&P energy sector (.SPNY) rose 2.5 percent, its fifth straight daily increase, as crude prices rallied. While energy stocks have risen about 22 percent since late August, the sector is still down roughly 10 percent year to date.
3 November, 2015 by The TZ Newswire Staff Comments Off on Icahn nods at Valeant interest, pushes for cash repatriation law
Icahn nods at Valeant interest, pushes for cash repatriation law
Billionaire investor Carl Icahn made a cryptic reference suggesting he has an interest in embattled drug maker Valeant on Tuesday, and said he was speaking to U.S. politicians about a corporate cash repatriation law that would deter so-called tax inversion deals. “I’m not in Valeant, well, I don’t want to say I’m not completely in it but I’m not going to tell you where I am with it,” Icahn said, when asked about the company at the New York Times DealBook conference.
3 November, 2015 by The TZ Newswire Staff Comments Off on Lockheed, United Tech to close Sikorsky deal by Friday
Lockheed, United Tech to close Sikorsky deal by Friday
Lockheed Martin Corp (LMT.N) said it expects to close its $9 billion acquisition of Sikorsky Aircraft from United Technologies Corp (UTX.) on Friday, now that it has received final regulatory approval from China. “With this final regulatory approval, we are one step closer to completing this historic acquisition,” said Lockheed Chief Executive Marillyn Hewson. United Tech told a Goldman Sachs investors’ conference earlier on Tuesday that the Chinese approval had been received, and the deal should close by the end of the week.
3 November, 2015 by The TZ Newswire Staff Comments Off on Asia follows Wall Street higher, risk appetite supports dollar
Asia follows Wall Street higher, risk appetite supports dollar
Asian shares rose on Wednesday, taking early cues from overnight Wall Street gains, while investors’ sharper risk appetite lifted U.S. debt yields and supported the dollar. MSCI’s broadest index of Asia-Pacific …