18 July, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: EU’s new financial regulator to refocus on big banks
The Wall Street Journal: EU’s new financial regulator to refocus on big banks
Europe’s new financial-services chief said he would press lawmakers to finish their review of the structure of big banks, breathing new life into an initiative that could result in a ban on some risky trading practices.
read more
18 July, 2016 by The TZ Newswire Staff Comments Off on RBA July meeting minutes: Awaiting updated forecasts for August
RBA July meeting minutes: Awaiting updated forecasts for August
Reserve Bank of Australia meeting minutes from July, when rates were left unchanged
I’ve bolded the comments above related to the bank awaiting more data. They always are, but I reckon the fact they highlighted “awaiting updated staff forecasts for August review” further emphasises that August is very much a ‘live’ meeting.
18 July, 2016 by The TZ Newswire Staff Comments Off on Top Turkish Official In Charge Of Campaign Against ISIS Found Dead, Shot In The Neck
Top Turkish Official In Charge Of Campaign Against ISIS Found Dead, Shot In The Neck
By now only the most naive believe the official narrative behind Turkey’s Friday coup.
18 July, 2016 by The TZ Newswire Staff Comments Off on Trump on Kasich: ‘I probably wouldn’t show up’ to convention either
Trump on Kasich: ‘I probably wouldn’t show up’ to convention either
Donald Trump said he “probably wouldn’t show up either” if he were the Ohio governor.
18 July, 2016 by The TZ Newswire Staff Comments Off on "End of the Game" Near as Corporate Defaults Surge Across the Globe, Says Expert
"End of the Game" Near as Corporate Defaults Surge Across the Globe, Says Expert
As shown by the chart below, global corporate defaults have spiked to their highest levels since the Great Recession even as stocks hit new record all-time highs. Edward Altman, one of the world’s leading authorities on high yield, distressed debt, and credit risk analysis, warns…
18 July, 2016 by The TZ Newswire Staff Comments Off on MarketWatch First Take: Marissa Mayer’s possible swan song doesn’t change Yahoo’s tune
MarketWatch First Take: Marissa Mayer’s possible swan song doesn’t change Yahoo’s tune
New messy elements in Yahoo Inc.’s quarterly earnings may explain why the company still has not yet reached a deal to sell its core business and why Chief Executive Marissa Mayer is unlikely to keep her job in any kind of deal.
read more
18 July, 2016 by The TZ Newswire Staff Comments Off on People’s Bank of China sets yuan reference rate at 6.6971 (vs. yesterday at 6.6961)
People’s Bank of China sets yuan reference rate at 6.6971 (vs. yesterday at 6.6961)
PBOC injects 60bn yuan via 7-day reverse repos
Here’s the CNY basket, showing Friday’s slight uptick in the value of the yuna:
Is the downtrend over?
No (IMO). But some forecasters are saying it is … I’ll be back with more on this in a few minutes.