30 May, 2016 by The TZ Newswire Staff Comments Off on Ex-CEO Of Largest Swiss Insurer Commits Suicide, Three Years After CFO Hanged Himself
Ex-CEO Of Largest Swiss Insurer Commits Suicide, Three Years After CFO Hanged Himself
In the latest tragic news from the world of finance, earlier today Zurich Insurance, the largest Swiss insurer which employs 55,000 people and provides general insurance and life insurance products in more than 170 countries, reported that Martin Senn, the company’s former chief executive officer who stepped down in a December reshuffle, has committed suicide. He was 59.
Senn had been a long-time employee of the insurer, serving as its chief executive for six years before stepping down in December.
30 May, 2016 by The TZ Newswire Staff Comments Off on The Week Ahead: May 30 – June 3, 2016
The Week Ahead: May 30 – June 3, 2016
Economic reports fill up the calendar for the week ahead, with employment, manufacturing and inflation all on the agenda.
30 May, 2016 by The TZ Newswire Staff Comments Off on Johnny Depp’s ‘Alice Through the Looking Glass’ tanks
Johnny Depp’s ‘Alice Through the Looking Glass’ tanks
Depp’s newest movie was a box office flop amid domestic abuse allegations from the star’s wife, Amber Heard. 
30 May, 2016 by The TZ Newswire Staff Comments Off on US union say Verizon to add 1,300 jobs, provide 10.9 percent pay hikes
US union say Verizon to add 1,300 jobs, provide 10.9 percent pay hikes
Verizon Communications will also provide 10.9 percent in pay raises over four years under a tentative deal between the company and unions.
30 May, 2016 by The TZ Newswire Staff Comments Off on A hacker filed my taxes to steal my refund
A hacker filed my taxes to steal my refund
When Cory Busse filed his 2015 tax return, he got a discomfiting response: it was already filed.
30 May, 2016 by The TZ Newswire Staff Comments Off on EUR/JPY jumps the most in a month, what’s next
EUR/JPY jumps the most in a month, what’s next
Largest gain since April 22
The euro is the top performer today and the yen is the laggard.
It’s a holiday in the UK and USA so normally that would mean quiet trading but the Eurozone is open and today’s German CPI numbers were a touch on the hot side and that’s given the euro a lift ahead of this week’s ECB decision.
30 May, 2016 by The TZ Newswire Staff Comments Off on ECB bought €19.296bn vs €16.918bn prior in latest QE purchase count
ECB bought €19.296bn vs €16.918bn prior in latest QE purchase count
Weekly QE count from the ECB for the week ending May 27, 2016
– Total purchases now 799.4 vs 780.1bn prior
– Covered bonds total 177.4bn vs 176.2b prior
Eurozone QE is now a shade away from 800 billion euros. The pace of buying picked up but it’s the normal ebb and flow in the €16B to €20B range.