4 January, 2016 by The TZ Newswire Staff Comments Off on Global Markets in 2016: Four Risks to Watch Out For
Global Markets in 2016: Four Risks to Watch Out For
After an eventful 2015, where we witnessed the first U.S rate hike in 9 years, crude oil dropping to 6 year lows, a dramatic selloff in Chinese equity markets and an unexpected abandonment of the Swiss Franc-Euro currency cap, we head into 2016 with global markets on tenterhooks.
4 January, 2016 by The TZ Newswire Staff Comments Off on Annual Forecast 2016
Annual Forecast 2016
With old geopolitical realities resurfacing across Eurasia and commodity prices stuck in a slump, 2016 is shaping up to be an unsettling year for much of the world. A logical place to begin is the country that bridges Europe and Asia: Turkey. This is the year when Turkey, nervous but more politically…
4 January, 2016 by The TZ Newswire Staff Comments Off on El-Erian: 2016 will be all about volatility
El-Erian: 2016 will be all about volatility
The start of 2016 saw a spike in volatility, and investors should expect more market swings this year, Mohamed El-Erian contended.
4 January, 2016 by The TZ Newswire Staff Comments Off on Fischer Worries Fed Can’t Head Off or Contain Financial Crises
Fischer Worries Fed Can’t Head Off or Contain Financial Crises
Federal Reserve Vice Chairman Stanley Fischer sounds concerned that the central bank may lack some key tools needed both to prevent another financial crisis and to contain the fallout should one occur….
4 January, 2016 by The TZ Newswire Staff Comments Off on U.S. files civil lawsuit against Volkswagen for environment violations
U.S. files civil lawsuit against Volkswagen for environment violations
The U.S. Justice Department on Monday filed a civil lawsuit against Volkswagen AG (VOWG_p.DE) for allegedly violating the Clean Air Act by installing illegal devices to impair emission control systems in nearly 600,000 vehicles. The allegations in the lawsuit carry penalties that could cost Volkswagen billions of dollars, a senior Justice Department official said.
4 January, 2016 by The TZ Newswire Staff Comments Off on Fed’s Williams, unfazed by China, sees 3-5 rate hikes this year
Fed’s Williams, unfazed by China, sees 3-5 rate hikes this year
San Francisco Federal Reserve President John Williams said Monday he is unfazed by the weak economic data out of China that has spooked Wall Street, and sees three to five U.S. interest rate hikes this year as reasonable given the strength of the U.S. economy. “In terms of those developments ricocheting into the U.S.
4 January, 2016 by The TZ Newswire Staff Comments Off on Fidelity dumps AmEx for credit card, switches to Visa
Fidelity dumps AmEx for credit card, switches to Visa
Fidelity is switching partners for its cash back credit card, dumping American Express and Bank of America for Visa and U.S. Bank. The move is another loss for American Express Co., coming nearly a year …