12 January, 2016 by The TZ Newswire Staff Comments Off on Obama calls out Wall Street ‘recklessness’ in address
Obama calls out Wall Street ‘recklessness’ in address
In his final State of the Union address, Obama emphasized that Americans should not listen to those who say to “fear the future.”
12 January, 2016 by The TZ Newswire Staff Comments Off on China December exports, imports fall much less than expected
China December exports, imports fall much less than expected
China’s total trade in December shrank much less than expected, but still likely consigned the economy to its weakest annual growth in 25 years. Exports in December fell 1.4 percent from a year earlier, data from the General Administration of Customs showed on Wednesday, much less than a Reuters poll forecast for an 8 percent drop and moderating from November’s 6.8 percent decline. The surprising data suggested that exports may be getting a boost from China’s decision to allow a sharp slide in the value of the yuan currency late last year, which has continued into 2016.
12 January, 2016 by The TZ Newswire Staff Comments Off on Philippines’ San Miguel eyes SABmiller’s Grolsch and Peroni
Philippines’ San Miguel eyes SABmiller’s Grolsch and Peroni
Philippine conglomerate San Miguel Corp said on Wednesday it is interested in acquiring SABMiller PLC’s Grolsch and Peroni beer brands, its President Ramon Ang told Reuters. Anheuser Busch InBev SA , which …
12 January, 2016 by The TZ Newswire Staff Comments Off on Anthem targets $3 billion in drug cost savings with Express Scripts
Anthem targets $3 billion in drug cost savings with Express Scripts
Anthem’s 10-year contract with Express Scripts runs through 2019 but includes the re-pricing clause that became effective Jan. 1, Joseph Swedish, chief executive of the insurer, said in remarks at the J.P. Morgan Healthcare Conference in San Francisco. Swedish said in an interview with Reuters at the conference this week that the company is still undecided about when and if it will sign a new contract with Express Scripts that would go into effect when the current one expires.
12 January, 2016 by The TZ Newswire Staff Comments Off on Standard & Poor’s says the outlook for corporate borrowers worldwide worst since GFC
Standard & Poor’s says the outlook for corporate borrowers worldwide worst since GFC
Lower commodity prices and China slowdown are cited
But, says this piece at – “the pain goes well beyond that”.
Bloomberg
I’m doing a bit of a catch up and this at Bloomberg is good. While today’s stability in China markets is welcome, the volatility has been postponed, its not over.
12 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Obama touts America’s progress, urges more change in State of the Union
The Wall Street Journal: Obama touts America’s progress, urges more change in State of the Union
President Barack Obama, in his final State of the Union address, argued the U.S.
12 January, 2016 by The TZ Newswire Staff Comments Off on China stems export slide but headwinds remain
China stems export slide but headwinds remain
China’s December exports fell 1.4% from a year earlier, while imports slid 7.6%, both much less than economists had expected.