23 December, 2015 by The TZ Newswire Staff Comments Off on Leading Index for Australia down 0.1% m/m
Leading Index for Australia down 0.1% m/m
The ‘prior’ for the leading index has been revised lower to -0.3% (from -0.1%)
Leading indicators:
– Large negative contributions from the sales to inventories ratio component and rural goods exports
Coincident indicator:
23 December, 2015 by The TZ Newswire Staff Comments Off on Hidden in plain sight: Big risks at failed Third Avenue fund were clear to some
Hidden in plain sight: Big risks at failed Third Avenue fund were clear to some
In the months before the blowup of Third Avenue’s junk bond fund in early December, investors and financial advisors called the New York-based investment company to voice their concerns about the growing percentage of hard-to-trade, illiquid assets in the fund’s portfolio. “I would call up and they would say, ‘We’re under control, we have plenty of cash,'” said Richard Berse, president of Northstar Financial Advisors Inc in New Jersey.
23 December, 2015 by The TZ Newswire Staff Comments Off on Lockheed-Boeing venture orders 20 more Russian rocket engines
Lockheed-Boeing venture orders 20 more Russian rocket engines
United Launch Alliance, a joint venture of Lockheed Martin Corp (LMT.N) and Boeing Co (BA.N), on Wednesday said it had ordered 20 more RD-180 rocket engines from Russia, on top of 29 engines ordered before Russia’s invasion of the Crimea region of Ukraine last year. ULA said it would use the Russian engines on its Atlas 5 rockets to serve existing and potential civil and commercial launch customers until a new U.S.-built engine was developed and certified.
23 December, 2015 by The TZ Newswire Staff Comments Off on BNP reviews options for U.S. unit, on track to meet capital requirements
BNP reviews options for U.S. unit, on track to meet capital requirements
BNP Paribas said on Wednesday it is considering “strategic alternatives” for its U.S. unit First Hawaiian Bank which could help France’s biggest listed bank reach regulatory capital requirements by mid-2017. BNP said its fourth-quarter results would be impacted by 0.9 billion euros due to the impairment of goodwill for its Italian unit BNL, but confirmed its 45 percent dividend payout target.
23 December, 2015 by The TZ Newswire Staff Comments Off on How Cambrex Became A Winning Stock Of 2015
How Cambrex Became A Winning Stock Of 2015
When an industry gets hot, its success can spill over to other industries that provide it with raw materials, technology or services. For example, when commercial air travel started to take off in the 1950s, hotels also saw a big jump in business. These are known as cousin stocks: companies that might remain in obscurity had it not been for being the supplier of key components or technology for blockbuster products.
23 December, 2015 by The TZ Newswire Staff Comments Off on Top Stocks Hormel, Tyson Fuel Meat Products Industry
Top Stocks Hormel, Tyson Fuel Meat Products Industry
Investors have feasted on meat producers this winter, gobbling up shares of the industry’s leading stocks amid bullish earnings outlooks. The meat products industry has jumped to No. 15 out of 197 as of Wednesday’s IBD, up from No. 101 six weeks ago. The group is up about 14% over that span and 17% higher for the year, easily outpacing the S&P 500.
23 December, 2015 by The TZ Newswire Staff Comments Off on Cruise Lines Among Stocks Making New Highs
Cruise Lines Among Stocks Making New Highs
A couple of cruise lines were among the stocks making new highs Wednesday, although their breakout attempts proved weak. Royal Caribbean Cruises (RCL) climbed 1.27 to 99.93, edging past a 100.49 buy point of a flat base but closing below it. Carnival (CCL) inched to a new high but ended up falling 0.19 to 54.08, as it could not quite clear the 54.69 buy point of a short cup-type base.