8 December, 2015 by The TZ Newswire Staff Comments Off on China sets yuan fixing at four-year low as outflows bite
China sets yuan fixing at four-year low as outflows bite
The People’s Bank of China set the reference rate for the yuan at a four-year-plus low on Wednesday, underscoring concerns over the economy.
8 December, 2015 by The TZ Newswire Staff Comments Off on China sets yuan fixing at four-year low as outflows bite
China sets yuan fixing at four-year low as outflows bite
The People’s Bank of China set the reference rate for the yuan at a four-year-plus low on Wednesday, underscoring concerns over the economy.
8 December, 2015 by The TZ Newswire Staff Comments Off on The North Face founder, Douglas Tompkins, dies in Chile kayak accident
The North Face founder, Douglas Tompkins, dies in Chile kayak accident
U.S. environmentalist and businessman Douglas Tompkins, the founder of outdoor clothing and equipment company The North Face, died on Tuesday during a kayaking trip in Chile, local health officials said. Tompkins was on General Carrera Lake in Patagonia in southern Chile with a group of five others when his kayak flipped and he fell into the icy waters, the Aysen regional health service said in a statement. The service said he was admitted around 1:30 p.m.
8 December, 2015 by The TZ Newswire Staff Comments Off on Putin Hopes "There Will Be No Need To Nuke" The Islamic State
Putin Hopes "There Will Be No Need To Nuke" The Islamic State
Earlier today, in a clear advance notice to the French and US navies which are both set to arrive just off the coast of Syria in the coming weeks, Russia for the first time targeted Islamic State targets in Syria with Kalibr land-attack cruise missiles launched from a submarine in the Mediterranean Sea off the Syrian coastline, according to Russia’s Defense Minister.
According to RT, the 3M-54 Kalibr missiles were launched from the Kilo-class diesel-electric submarine “Rostov-on-Don”, Defense Minister Sergey Shoigu told President Vladimir Putin on Tuesday.
8 December, 2015 by The TZ Newswire Staff Comments Off on One trader’s $3.5 million stock market bet … will it come good?
One trader’s $3.5 million stock market bet … will it come good?
CNBC report on a trader wagering $3.5 million on Delta Airlines going higher in price
– Trader bought 45,000 December 52.50-calls for 77 cents each
CNBC go on:
8 December, 2015 by The TZ Newswire Staff Comments Off on Behold The Deflationary Wave: How China Is Flooding The World With Its Unwanted Commodities
Behold The Deflationary Wave: How China Is Flooding The World With Its Unwanted Commodities
Between commodity-backed financing deals and the centrally-planned mal-investment boom-driven excess capacity, China has a lot of ‘liquidation’ to do to normalize from a credit-fueled smoke-and-mirrors world to a painful reality. As Bloomberg notes, there’s no let-up in the onslaught of commodities from China.
8 December, 2015 by The TZ Newswire Staff Comments Off on Didi Kuaidi brings Yahoo’s co-founder Jerry Yang on board
Didi Kuaidi brings Yahoo’s co-founder Jerry Yang on board
Didi Kuaidi, China’s largest internet car hailing company, has named Yahoo co-founder Jerry Yang as a senior adviser, the FT reports.