10 January, 2016 by The TZ Newswire Staff Comments Off on China SAFE official says foreign institutions "talking down" the yuan, but its stable
China SAFE official says foreign institutions "talking down" the yuan, but its stable
Despite a 4-5 percent depreciation in 2015, the yuan has still appreciated against a basket of currencies,
Says Guan Tao, the head of the department of international payments at the State Administration of Foreign Exchange (SAFE)
10 January, 2016 by The TZ Newswire Staff Comments Off on Has America lost control of its seafood?
Has America lost control of its seafood?
Despite having some of the longest coastlines of any country in the world, the United States imports 90% of the fish and seafood it eats.
10 January, 2016 by The TZ Newswire Staff Comments Off on This is how E. coli gets into your salad
This is how E. coli gets into your salad
Americans are eating more salad. But our intensifying love affair with produce is creating problems for farmers, the environment and even our health.
10 January, 2016 by The TZ Newswire Staff Comments Off on Asian shares pressured, South African rand dives
Asian shares pressured, South African rand dives
Asian share markets faced a testing time on Monday after Wall Street suffered its worst starting week in history and doubts over Beijing’s policy choices sent investors into the arms of the safe-haven yen and sovereign bonds. Indeed, currency markets were already seeing wild swings with the South African rand (ZAR=D3) collapsing over 10 percent at one stage. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.6 percent, led by a 1.7 percent dive in Australian stocks (.AXJO).
10 January, 2016 by The TZ Newswire Staff Comments Off on Kohl’s exploring taking itself private: WSJ
Kohl’s exploring taking itself private: WSJ
Beleaguered department store Kohl’s Corp is said to be debating whether to take itself private, according to a source cited by the Wall Street Journal on Sunday. Kohl’s stock is down 40 percent from its …
10 January, 2016 by The TZ Newswire Staff Comments Off on Detroit’s auto industry is changed, but not as Washington planned
Detroit’s auto industry is changed, but not as Washington planned
“We said the auto industry would have to truly change, not just pretend that it did,” the president said Saturday in a weekly radio address devoted to Detroit. The ‘Detroit Three’ automakers racked up record sales and profits in the U.S. market last year not because of electric cars or plug-in hybrids, but because of soaring demand for pickup trucks and sport utility vehicles fueled by gasoline prices that hit multi-year lows.
10 January, 2016 by The TZ Newswire Staff Comments Off on U.S. crude oil prices drop over 2 percent as market loses faith in rebound
U.S. crude oil prices drop over 2 percent as market loses faith in rebound
U.S. crude oil prices were down more than 2 percent in early trading on Monday as traders increasingly lose faith in a significant market recovery soon and bet on even lower prices. U.S. crude West Texas Intermediate (WTI) (CLc1) dropped more than 2 percent in early Monday trading to a low of 32.43 per barrel before edging back to $32.51 by 0038 GMT (07:38 p.m. EST), still down 65 cents.