16 August, 2016 by The TZ Newswire Staff Comments Off on Bank Of Japan Buying Sends Nikkei 225 To Richest Since Dot-Com Crash
Bank Of Japan Buying Sends Nikkei 225 To Richest Since Dot-Com Crash
Having noted the farcical share ownership of The Bank of Japan (biggest shareholder in 55 companies) as Kuroda’s ETF-buying goes to ’11’, we thought it interesting that the distortion caused by these “pick a winner” purchases has sent Japan’s Nikkei 225 to its richest relative to Japan’s Topix index in 17 years.
16 August, 2016 by The TZ Newswire Staff Comments Off on Analysts weigh in on where the BOJ is likely to intervene
Analysts weigh in on where the BOJ is likely to intervene
Various comments from around the place
From Japan’s largest bank, Bank of Tokyo-Mitsubishi UFJ (BTMU):
Soc GEn:
Nordea:
16 August, 2016 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.6056 (vs. yesterday at 6.6305)
PBOC sets USD/CNY central rate at 6.6056 (vs. yesterday at 6.6305)
People’s Bank of China to inject 100bn yuan through 7-day reverse repos in open market operations (OMOs) today
Another strengthening for the yuan today at the reference rate setting
16 August, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Univision scoops up Gawker for $135 million at bankruptcy auction
The Wall Street Journal: Univision scoops up Gawker for $135 million at bankruptcy auction
Univision Communications Inc.
16 August, 2016 by The TZ Newswire Staff Comments Off on Global Economic Bellwether Cisco Reportedly Fires 20% Of Workforce
Global Economic Bellwether Cisco Reportedly Fires 20% Of Workforce
It’s easy to shrug off the sharpest productivity decline in 40 years and the worst non-recessionary industrial production contraction in US history because… well it’s the new economy, stupid and you just don’t get it. But when ‘new economy’ networking giant Cisco is reportedly set to announce it is laying off a record number of employees – 14,000 representing 20% of its global workforce – surely it is time to question the “everything is awesome” narrative.
16 August, 2016 by The TZ Newswire Staff Comments Off on This Week In 1971: President Nixon Closes the Gold Window
This Week In 1971: President Nixon Closes the Gold Window
Submitted by Paul-Martin Foss via The Mises Institute,
45 years ago this week, on August 15, 1971, President Richard Nixon officially closed the gold window.
While US citizens had been forbidden from owning gold or from redeeming their gold certificates for gold coins since the early 1930s, foreign governments still had the privilege of redeeming their dollars for gold.
16 August, 2016 by The TZ Newswire Staff Comments Off on Dollar crawls off lows after slide, uncertain Fed outlook limits rise
Dollar crawls off lows after slide, uncertain Fed outlook limits rise
The dollar edged away from 7-week lows following comments from Fed officials, but the modest bounce underlined scepticism about policy tightening.