5 November, 2015 by The TZ Newswire Staff Comments Off on Bloomberg survey of 28 economists, 2 see an RBA cut in December
Bloomberg survey of 28 economists, 2 see an RBA cut in December
Bloomberg headline from their latest survey on the policy outlook from the Reserve Bank of Australia
– Of 28 economists
– 2 see a rate cut in December
– 16 see a rate cut by February
–
5 November, 2015 by The TZ Newswire Staff Comments Off on Japan PM Abe: Excessive yen strength has been corrected
Japan PM Abe: Excessive yen strength has been corrected
Comments from Japanese PM Abe
– Excessive yen strength has been corrected
– Japan economy is getting closer to defeating of deflation
– Watns China to proceed with structural reform despite concerns about its economic slowdown, Japan would cooperate as needed
via Reuters
5 November, 2015 by The TZ Newswire Staff Comments Off on Asia shares falter as markets await Fed policy clues from job data
Asia shares falter as markets await Fed policy clues from job data
Asian shares slipped on Friday as investors braced for U.S. employment data that is expected to bolster the case for a Federal Reserve interest rate increase as early as next month. MSCI’s broadest index of Asia-Pacific shares outside Japan edged down about 0.36 percent at 0310 GMT, though it remained on track for a 0.7 percent weekly rise. Japan’s Nikkei (.N225) added 0.5 percent, poised for a 0.6 percent weekly gain.
5 November, 2015 by The TZ Newswire Staff Comments Off on Feeling ignored, Fed jolts markets to prime them for lift-off
Feeling ignored, Fed jolts markets to prime them for lift-off
NEW YORK/SAN FRANCISCO/WASHINGTON (Reuters) – When the U.S. Federal Reserve tweaked its policy statement last week and put a December rate rise squarely back in play, it took a calculated gamble that reaching for an old and controversial policy tool would get financial markets’ attention.
5 November, 2015 by The TZ Newswire Staff Comments Off on Disney profit rises with gains at cable networks
Disney profit rises with gains at cable networks
Disney shares were roughly unchanged in after-hours trading. In August, the stock plummeted when the company acknowledged a decline in subscribers at ESPN, elevating fears across the pay television business about a shift to online video services. For July through September, Disney’s net income rose to $1.61 billion, or 95 cents per share, from $1.50 billion, or 86 cents per share, a year earlier.
5 November, 2015 by The TZ Newswire Staff Comments Off on New York investigating Exxon over climate statements: source
New York investigating Exxon over climate statements: source
Attorney General Eric Schneiderman subpoenaed the company on Wednesday evening, demanding extensive financial records, emails and other documents, a source familiar with the investigation said on Thursday. Exxon on Thursday said it was weighing a response to the subpoena. The company has included information about the business risk of climate change for many years in its quarterly filings, corporate citizenship report and in other reports to shareholders, company spokesman Richard Keil said.
5 November, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Fed faces challenge of how to justify possible slowdown in jobs growth – Bullard
Exclusive: Fed faces challenge of how to justify possible slowdown in jobs growth – Bullard
The Federal Reserve has been struggling to convince investors it is about to raise interest rates and now faces the risk that a likely slowdown in job growth will be interpreted as a downturn in the broader economy that will cause the Fed to hold off yet again, St. Louis Fed President James Bullard said on Thursday. In an interview with Reuters, Bullard said U.S.