18 February, 2016 by The TZ Newswire Staff Comments Off on Apple gets more time to respond to hack order
Apple gets more time to respond to hack order
Apple’s response in court to an order to help the FBI will now be due February 26 instead of Tuesday, the sources told CNBC.
18 February, 2016 by The TZ Newswire Staff Comments Off on Chinese Money-Market Rates Are Spiking As Post-New-Year Liquidity Hangover Hits
Chinese Money-Market Rates Are Spiking As Post-New-Year Liquidity Hangover Hits
It would appear the Chinese central bank currency squeeze is back as money-market rates are exploding higher once again. With the outpuring of liquidity heading into the new-year holiday, the post-celebration hangover was always likely unless PBOC just kept pumping but judging by the 500bps spike in overnight Yuan interbank rates to 9.3%, more than a few banks are desperate for some liquidity. We note that the last six times that Chinese banks have suffered liquidity constraints, US equities have tumbled…
18 February, 2016 by The TZ Newswire Staff Comments Off on Asia Markets: Asian markets slip after week of recoveries
Asia Markets: Asian markets slip after week of recoveries
Most shares in Asia slipped Friday, capping a week that saw spurts of bargain buying and sharp rebounds in beaten down sectors such as banks.
read more
18 February, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Some New Yorkers really hate Metropolitan Museum’s new logo
The Wall Street Journal: Some New Yorkers really hate Metropolitan Museum’s new logo
The Metropolitan Museum of Art is adopting a new scarlet palette, and its choices have some observers seeing red.
read more
18 February, 2016 by The TZ Newswire Staff Comments Off on China January auto sales +9.27% y/y
China January auto sales +9.27% y/y
China vehicle sales for January +7.72% y/y (up 15.4% y/y in December)
– Auto sales were +9.27% y/y
–
On the CNH, the overnight HIBOR jumped to 9.27% today, up 480 bps from yesterday. This may be indicative of the PBOC again intervening in the market to squeeze yaun shorts.
18 February, 2016 by The TZ Newswire Staff Comments Off on Drones in China: 5 things to watch out for
Drones in China: 5 things to watch out for
Research firm IDC estimates China’s camera drone shipment will hit 3 million units by 2019. These are the key trends.
18 February, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Austria takes hard line at EU migrant summit
The Wall Street Journal: Austria takes hard line at EU migrant summit
European leaders clashed Thursday over the bloc’s faltering migration policies, with Austria digging in its heels on a decision that is likely to leave thousands of migrants trapped in Greece.
read more