31 March, 2016 by The TZ Newswire Staff Comments Off on Don Coxe: Low Oil Prices Will Persist As Long As the Saudis Are Frightened of Iran
Don Coxe: Low Oil Prices Will Persist As Long As the Saudis Are Frightened of Iran
“I’ve been telling everybody who will listen to me for nearly two years now that…oil prices are going to be low as long as the Saudis are frightened (of Iran). The reason I knew that was I had been to dinner with Prince Turki, just the last night that he was Ambassador…”
31 March, 2016 by The TZ Newswire Staff Comments Off on China – Caixin / Markit Manufacturing PMI: 49.7 (expected 48.3)
China – Caixin / Markit Manufacturing PMI: 49.7 (expected 48.3)
Caixin / Markit Manufacturing PMI from China
– expected 48.3 and prior was 48.0
A better result than previous and a beat on expectations. Not in ‘expansion’ like the official manufacturing PMI but not as bad as expected.
31 March, 2016 by The TZ Newswire Staff Comments Off on Did Trump Just Commit A Major Error: Why Renouncing Republican Pledge Could Cost Him 50 Delegates
Did Trump Just Commit A Major Error: Why Renouncing Republican Pledge Could Cost Him 50 Delegates
As of this moment, Donald Trump has 736 delegates and is (mostly) smoothly sailing to the nomination with Ted Cruz almost 273 behind him at 463. However, there is suddenly an all too real chance that 273 lead can melt to as little as 173 with Trump’s delegate count dropping by 50 as a result of what happened during this week’s CNN townhall meeting when as previously reported, Trump reneged on his pledge to support the GOP candidate.
31 March, 2016 by The TZ Newswire Staff Comments Off on China’s PMI data show recovery in manufacturing
China’s PMI data show recovery in manufacturing
China’s manufacturing activity improved in March, two surveys showed Friday, helping ease concerns over the health of the economy.
31 March, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: SEC chief warns Silicon Valley against inflated valuations
The Wall Street Journal: SEC chief warns Silicon Valley against inflated valuations
The chairman of the Securities and Exchange Commission fired a warning shot at Silicon Valley on Thursday, cautioning the tech community against playing fast and loose with valuations and urging it to channel more information to investors devouring its latest innovations such as online loans.
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31 March, 2016 by The TZ Newswire Staff Comments Off on People’s Bank of China sets yuan reference rate at 6.4585 (vs. yesterday at 6.4612)
People’s Bank of China sets yuan reference rate at 6.4585 (vs. yesterday at 6.4612)
USD/CNY central rate for the day, and another yuan strengthening
In Open Market operations, PBOC injects 140bn yuan via 7-day reverse repos – follows yesterday’s big injection of 100bn yuan
31 March, 2016 by The TZ Newswire Staff Comments Off on Dollar nurses quarterly losses as US jobs data awaited
Dollar nurses quarterly losses as US jobs data awaited
The dollar licked its wounds on Friday after taking steep quarterly losses against major rivals, as investors awaited the US nonfarm payrolls report.