18 January, 2016 by The TZ Newswire Staff Comments Off on Markets are overly focused on China
Markets are overly focused on China
GDP today will heighten the focus
Everyone is scared about what they don’t know about China. The data can’t be trusted and it’s an opaque country and the second largest economy in the world.
18 January, 2016 by The TZ Newswire Staff Comments Off on JPMorgan shuffles senior ranks at European investment bank
JPMorgan shuffles senior ranks at European investment bank
JPMorgan (JPM.N) has bolstered the senior management team at its European investment bank as it seeks to increase its advisory business amid a buoyant M&A market, according to a memo seen by Reuters on Monday. The Wall Street bank, which announced forecast-beating quarterly profits last week, has created three new vice chair roles and promoted other senior bankers to larger roles within the investment banking business.
18 January, 2016 by The TZ Newswire Staff Comments Off on Related closes on Hudson Yards McDonald’s site for $152.3M
Related closes on Hudson Yards McDonald’s site for $152.3M
Rendering of Related Cos.’ Hudson Yards (inset: Bruce Beal Jr.)
Related Companies closed on a Far West Side McDonald’s for $152.3 million, a deal that allows the developer to build a 62-story tower at 50 Hudson Yards.
18 January, 2016 by The TZ Newswire Staff Comments Off on BOE’s Vlieghe: Will be ‘patient’ before raising rates
BOE’s Vlieghe: Will be ‘patient’ before raising rates
Comments from the BOE’s Gertjan Vlieghe:
– Need to ensure growth not slowing and broad range of inflation indicators before rate rise
– Upward wage pressures ‘surprisingly absent’ so far
Dovish stuff. Cable hasn’t responded to the headlines but it’s back to flat at 1.4258 after rising as high as 1.4322 in early European trade.
18 January, 2016 by The TZ Newswire Staff Comments Off on Why Yandex Stock Could Have a Huge 2016
Why Yandex Stock Could Have a Huge 2016
Long-term investors shouldn’t focus on geopolitical risks, but the fact that market share gains may be around the corner.
18 January, 2016 by The TZ Newswire Staff Comments Off on Canadian PM Trudeau says government will stay fiscally responsible
Canadian PM Trudeau says government will stay fiscally responsible
Canadian PM pushed to take action on economy:
– Pressed on whether he might unveil budget sooner, declines to answer directly
– Asked whether government might run budget deficits much higher than promised, says his party will stay fiscally responsible
USD/CAD is back to flat on the day at 1.4538 after trading for most of the session around 1.4500. A climb today would mark 12 straight days of gains.
18 January, 2016 by The TZ Newswire Staff Comments Off on The Fed Responds To Zero Hedge: Here Are Some Follow Up Questions
The Fed Responds To Zero Hedge: Here Are Some Follow Up Questions
Over the weekend, we gave the Dallas Fed a chance to respond to a Zero Hedge story corroborated by at least two independent sources, in which we reported that Federal Reserve members had met with bank lenders with extensive exposure to the US oil and gas sector and, after parsing through the complete bank books, had advised banks to i) not urge creditor counterparties into default, ii) urge asset sales instead, and iii) ultimately suspend mark to market