9 February, 2016 by The TZ Newswire Staff Comments Off on Worry not, Wall Street, you’re safe from Bernie Sanders
Worry not, Wall Street, you’re safe from Bernie Sanders
If you work on Wall Street, it would not be irrational to think that the next president may be out to get you. The political attacks on the financial-services industry by progressive Democrats have…
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9 February, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Pope Francis to stand with migrants at U.S.-Mexico border
The Wall Street Journal: Pope Francis to stand with migrants at U.S.-Mexico border
Pope Francis arrives in Mexico on Friday for a six-day visit that will end with a highly symbolic and potentially controversial act: the pontiff taking a stand on the fortified U.S.
9 February, 2016 by The TZ Newswire Staff Comments Off on Cramer: Extreme valuations point to a recession
Cramer: Extreme valuations point to a recession
Jim Cramer found two groups of stocks with wild valuations that could both be forecasting the same future.
9 February, 2016 by The TZ Newswire Staff Comments Off on Oil prices rebound from sharp selloff; more volatility expected
Oil prices rebound from sharp selloff; more volatility expected
Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session on concerns over demand and weak equities. Prices were supported by comments from Iran’s oil minister that Tehran is ready to negotiate with Saudi Arabia over the current conditions in global oil markets. The International Energy Agency (IEA), meanwhile, said the Organization of Petroleum Exporting Countries (OPEC) is unlikely to cut a deal with other producers to reduce ballooning output.
9 February, 2016 by The TZ Newswire Staff Comments Off on HSBC sued by families of victims in drug money laundering case
HSBC sued by families of victims in drug money laundering case
The lawsuit alleges that by participating in the money laundering scheme of the cartels, HSBC knowingly contributed directly to the international drug and trafficking trade, including the “brutal acts” that accompanied it, during the period of 2010 to 2011. The London-based bank, which was already being monitored for its involvement in money laundering schemes, had paid nearly $2 billion in penalties in December 2012 to resolve charges that it failed to stop hundreds of millions of dollars in drug money from flowing through the bank from Mexico, and it promised to fix the problems.
9 February, 2016 by The TZ Newswire Staff Comments Off on Asia Markets: Japan stocks fall to lowest level since 2014
Asia Markets: Japan stocks fall to lowest level since 2014
Shares in Japan continued to stumble Wednesday, hitting their lowest level since October 2014 as concerns persisted about the health of the global economy.
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9 February, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Abe defends Bank of Japan chief over negative rates
The Wall Street Journal: Abe defends Bank of Japan chief over negative rates
Prime Minister Shinzo Abe said Wednesday that he has faith in Bank of Japan Gov.