18 January, 2016 by The TZ Newswire Staff Comments Off on Italian Banks Collapse, Short Sales Banned As Loan Loss Fears Mount
Italian Banks Collapse, Short Sales Banned As Loan Loss Fears Mount
Italian bank stocks are crashing (with BMPS down 40% year-to-date) as Reuters reports that investors are growing increasingly nervous about how the sector will cope with lower interest rates and a 200 billion euro ($218 billion) pile of loans that are unlikely to be repaid.
18 January, 2016 by The TZ Newswire Staff Comments Off on Taxi drivers in Hungary demand Uber to be shut down
Taxi drivers in Hungary demand Uber to be shut down
Taxi drivers in Hungary’s capital demonstrated on Monday against ride-hailing service Uber, whose growing popularity they find unpalatable amid new regulations setting a fixed tariff for traditional taxi firms that is higher than Uber’s. Taxis blocked a major road crossing in central Budapest and drove around in city streets blocking much of the road traffic in the capital’s center.
18 January, 2016 by The TZ Newswire Staff Comments Off on Exclusive: Hellenic Petroleum to meet Iran oil officials on Friday – source
Exclusive: Hellenic Petroleum to meet Iran oil officials on Friday – source
Hellenic Petroleum, Greece’s biggest oil refiner (HEPr.AT), will meet top Iranian oil officials on Friday to discuss crude oil imports from Iran, a company source said on Monday, after world powers lifted sanctions against Tehran at the weekend. Hellenic Petroleum was a major buyer of Iranian crude, which accounted for about 20 percent of the company’s total annual crude oil imports before sanctions were imposed. Sanctions cut Iran’s oil exports by about 2 million barrels per day (bpd) since their pre-sanctions 2011 peak, to little more than 1 million bpd.
18 January, 2016 by The TZ Newswire Staff Comments Off on Suncor to buy Canadian Oil Sands in sweetened deal
Suncor to buy Canadian Oil Sands in sweetened deal
Canada’s largest oil producer Suncor Energy Inc said on Monday it had reached an agreement to buy Canadian Oil Sands Ltd after raising its all-stock offer, marking the end of a months-long battle to clinch …
18 January, 2016 by The TZ Newswire Staff Comments Off on How has AUDUSD reacted after Chinese GDP
How has AUDUSD reacted after Chinese GDP
The Aussie is one of the main currencies to watch over Chinese GDP data
Bloomberg’s economic market impact monitor is a handy guide to gauge the price action in various instruments over data points. You may have seen me run it for NFP.
18 January, 2016 by The TZ Newswire Staff Comments Off on 3 Reasons Warren Buffett Is So Successful — and How You Can Be, Too
3 Reasons Warren Buffett Is So Successful — and How You Can Be, Too
Buffett didn’t use any magical powers to build his fortune. He used principles that any investor can learn and apply.
18 January, 2016 by The TZ Newswire Staff Comments Off on Will MasterCard Raise Its Dividend in 2016?
Will MasterCard Raise Its Dividend in 2016?
The credit card network shouldn’t hesitate to reward shareholders.