16 December, 2015 by The TZ Newswire Staff Comments Off on What the Fed hike means for markets – ANZ
What the Fed hike means for markets – ANZ
What are the implications for financial markets of the Fed hike?
The Fed tightened policy for the first time in nearly a decade and the
decision was unanimous, notes Australia New Zealand (ANZ).
16 December, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Pandora royalties increase less than investors feared
The Wall Street Journal: Pandora royalties increase less than investors feared
The royalties Pandora Media Inc.
16 December, 2015 by The TZ Newswire Staff Comments Off on Something Strange Is Taking Place In The Middle Of The Atlantic Ocean
Something Strange Is Taking Place In The Middle Of The Atlantic Ocean
Early last month, we noted that something very strange was happening off the coast of Galveston, Texas.
16 December, 2015 by The TZ Newswire Staff Comments Off on Japan Nov trade balance -379.7B yen vs -449.7B yen expected
Japan Nov trade balance -379.7B yen vs -449.7B yen expected
Highlights of the Japanese November trade balance report:
– Adjusted trade balance -3.3B yen vs -206.7B yen
– Exports -3.3% vs -1.6% expected
– Imports -10.2% vs -7.3% expected
The worst way to have a better trade deficit is when imports collapse even harder than exports.
16 December, 2015 by The TZ Newswire Staff Comments Off on Valeant says can contain hit to dermatology, projects 2016 growth
Valeant says can contain hit to dermatology, projects 2016 growth
The company said it would rebuild lost business through a distribution agreement with Walgreens pharmacies announced on Tuesday, and said the arrangement would also help sales of products like Xifaxin for irritable bowel syndrome and Addyi, a new sexual dysfunction treatment for women. Valeant shares rose 8 percent to $118.75 in New York trading, gaining ground as Chief Executive Michael Pearson led investors through a four-hour meeting in which he defended the company’s plan to rebuild its dermatology business.
16 December, 2015 by The TZ Newswire Staff Comments Off on Asia stocks up as Fed goes gradual; oil takes a spill
Asia stocks up as Fed goes gradual; oil takes a spill
The Federal Reserve’s 25-basis-point increase was almost a decade in the making and easily one of the most telegraphed in history. “The Fed will be absolutely delighted with the lack of volatility across all asset classes,” said Alan Ruskin, global head of forex at Deutsche.
16 December, 2015 by The TZ Newswire Staff Comments Off on Major U.S. banks raise prime rates after Fed rate hike
Major U.S. banks raise prime rates after Fed rate hike
Banks including Wells Fargo & Co (WFC.N), JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N) raised their prime rates to 3.5 percent from 3.25 percent. The Fed raised the target for its main short-term rate to a range of 0.25 to 0.50 percent, from a range of 0 to 0.25 percent. A higher prime rate will translate to higher interest rates on a wide range of loans that are keyed off the rate, including small business loans and some credit card loans.