12 November, 2015 by The TZ Newswire Staff Comments Off on Comments from Federal Reserve vice chair Fischer – recap
Comments from Federal Reserve vice chair Fischer – recap
Vice-chair of the Federal Reserve, Stanley Fischer, spoke earlier
Headlines are here, along with the full text of his speech
Bloomberg have a recap on his comments
The bottom line remains, though:
12 November, 2015 by The TZ Newswire Staff Comments Off on Another Bubble Bursts: Ultra Luxury London Home Prices Tumble 12%
Another Bubble Bursts: Ultra Luxury London Home Prices Tumble 12%
In mid-September, when we looked at the Australian housing market, we said that in the aftermath of Beijing’s crack down on capital controls following its August currency devaluation, that “new Chinese ‘regulations’ may just kill Australia’s golden goose of ‘weath creation’ as Aussie’s largest trade partner sees its economy collapse.” More:
12 November, 2015 by The TZ Newswire Staff Comments Off on An Interactive Look At China’s Massive Coal Bubble
An Interactive Look At China’s Massive Coal Bubble
Submitted by Zachary Davies Boren via Greenpeace Energy Desk,
China has given the green light to more than 150 coal power plants so far this year despite falling coal consumption, flatlining production and existing overcapacity.
12 November, 2015 by The TZ Newswire Staff Comments Off on Asian shares skid as commodities revisit six-year lows
Asian shares skid as commodities revisit six-year lows
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.2 percent, led by losses in resource shares. Japan’s Nikkei (.N225) snapped a seven-day winning streak, sliding 0.9 percent, but remained on track for a weekly gain of 1.3 percent.
12 November, 2015 by The TZ Newswire Staff Comments Off on Syngenta rejects ChemChina’s $42 billion takeover offer: Bloomberg
Syngenta rejects ChemChina’s $42 billion takeover offer: Bloomberg
State-owned ChemChina’s first offer valued the agricultural chemicals group at 449 Swiss francs per share, or 41.7 billion Swiss francs ($41.72 billion), according to Bloomberg. The two companies have not broken off talks and an agreement could still be reached in the next few weeks, Bloomberg said.
12 November, 2015 by The TZ Newswire Staff Comments Off on "What We’ve Got Here Is A Failure To Communicate"
"What We’ve Got Here Is A Failure To Communicate"
The Fed goes 6 for 6 today as Bullard, Yellen,Lacker, Evans, Dudley, and Fischer (respectively) all manage to jawbone a looming rate hike without any confirmation of the “well everything must be awesome” meme to satisfy increasingly doubtful stock market worshippers…
12 November, 2015 by The TZ Newswire Staff Comments Off on Barclays says SNB CHF intervention ‘Nuclear Option’ is now the base case
Barclays says SNB CHF intervention ‘Nuclear Option’ is now the base case
Barclays on the Swiss franc, they are expecting the Swiss National Bank to intervene, and more
This is from eFX
Developments since the summer have led Swiss data to improve
somewhat, while deeply negative nominal Swiss interest rates are
fuelling modest CHF depreciation from levels of extreme overvaluation,
notes Barclays Capital.