28 December, 2015 by The TZ Newswire Staff Comments Off on Saudis hike gas prices, mull sales tax in austerity budget
Saudis hike gas prices, mull sales tax in austerity budget
Saudi Arabia has unveiled spending cuts and subsidy reforms to rein in a deficit caused by low oil prices, the FT reports.
28 December, 2015 by The TZ Newswire Staff Comments Off on Falling Interest Causes Falling Profits
Falling Interest Causes Falling Profits
by Keith Weiner
Most people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in interest. To start, consider a hamburger restaurant. Suppose that the average profit in the burger business is ten percent of invested capital. If MacDowell’s is thinking about expanding, it has to consider the interest rate. Why?
28 December, 2015 by The TZ Newswire Staff Comments Off on Goldman, JPMorgan Seen as Fintech Winners While AmEx Suffers
Goldman, JPMorgan Seen as Fintech Winners While AmEx Suffers
Goldman Sachs Group Inc. and JPMorgan Chase & Co. will probably benefit most from the coming wave of financial technology disruption, rather than being supplanted by startups driving the change, according to an Autonomous Research survey.
28 December, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar stuck as investors search for fresh clues to direction
Currencies: Dollar stuck as investors search for fresh clues to direction
Dollar range-bound as many investors were reluctant to take strong positions amid a lack of fresh market-moving incentives.
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28 December, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Crude selloff on pause as traders look ahead to supply data
Futures Movers: Crude selloff on pause as traders look ahead to supply data
Crude pauses from a sharp selloff with investors waiting for further direction from this week’s U.S.
28 December, 2015 by The TZ Newswire Staff Comments Off on It’s Gladiator vs Virgin Australia. The winner: Twitter
It’s Gladiator vs Virgin Australia. The winner: Twitter
Two things we’ve learnt about Russell Crowe today: He doesn’t always take private jets and he’s not on top of the latest news.
28 December, 2015 by The TZ Newswire Staff Comments Off on Born to raise hell: Motorhead star Lemmy dies age 70
Born to raise hell: Motorhead star Lemmy dies age 70
Ian “Lemmy” Kilmister, the legendarily hell-raising frontman of Motorhead, has died, days after being diagnosed with cancer.