14 December, 2015 by The TZ Newswire Staff Comments Off on Australian Finance Minister Cormann: Doesn’t expect Australia will lose AAA credit rating
Australian Finance Minister Cormann: Doesn’t expect Australia will lose AAA credit rating
Comments from Australian fin min Cormann
On a Sky interview on the telly
14 December, 2015 by The TZ Newswire Staff Comments Off on You may have to wait a while before OPEC cuts production
You may have to wait a while before OPEC cuts production
An OPEC production may have to wait until 2017 as the cartel continues to pump oil to defend market share, an analyst said Tuesday.
14 December, 2015 by The TZ Newswire Staff Comments Off on S&P on Australia: Fiscal outlook still appears likely to improve
S&P on Australia: Fiscal outlook still appears likely to improve
S&P on
Australia’s MYEFO out earlier today
– Says next six months could have significant implications for Australia’s budget outlook
– Says fiscal outlook still appears likely to improve
Reuters and Bloomberg with the headlines
14 December, 2015 by The TZ Newswire Staff Comments Off on Russia Sees No Oil Price Recovery for 7 Years
Russia Sees No Oil Price Recovery for 7 Years
“Lower for longer” is becoming the catch phrase of the global oil industry, as an increasing number of energy executives and government officials alike see no opportunity for prices to rebound to their levels of mid-2014. The latest such forecast came from…
14 December, 2015 by The TZ Newswire Staff Comments Off on Dell says could buy back at least $3 billion in VMware tracking stock
Dell says could buy back at least $3 billion in VMware tracking stock
The disclosure could prove important as Dell seeks ways to boost the value of VMware, a virtualization software maker majority-owned by EMC. The plans to issue a tracking stock have weighed on VMware’s common shares, which have lost a quarter of their value since the acquisition of EMC was announced in October. Under the terms of the deal, EMC shareholders will receive 0.111 VMware tracking share for each EMC share, a move intended to give investors exposure to VMware, which is growing faster than EMC.
14 December, 2015 by The TZ Newswire Staff Comments Off on RBNZ reweights the NZD TWI (effective tomorrow)
RBNZ reweights the NZD TWI (effective tomorrow)
The Reserve Bank of New Zealand annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Wednesday 16 December 2015
The TWI weights for the next 12 months are:
14 December, 2015 by The TZ Newswire Staff Comments Off on Chart: Analysis shows oil has not hit bottom
Chart: Analysis shows oil has not hit bottom
History is repeating itself on the Nymex, and although $10 oil looks a long shot, technical analysis indicates that prices have further to fall.