23 May, 2017 by The TZ Newswire Staff Comments Off on Why China’s Strategic Petroleum Reserve Is All That Matters For OPEC
Why China’s Strategic Petroleum Reserve Is All That Matters For OPEC
When OPEC sits down on Thursday, keeping the price of Brent above $50 (to avoid a budget catastrophe and social upheaval in Saudi Arabia) and below $60 (to prevent US production from going exponential), will be just one problem the cartel nations and various hangers-on will be desperate to solve. A much bigger one, literally, is the problem that led to this week’s OPEC meeting in the first place, and years of headache for OPEC and non-OPEC nations: a record global oil inventory glut.
23 May, 2017 by The TZ Newswire Staff Comments Off on Moody’s downgrades China rating to A1 from Aa3, citing concerns over a slowing economy, growing debt
Moody’s downgrades China rating to A1 from Aa3, citing concerns over a slowing economy, growing debt
Moody’s has downgraded China rating to A1 from Aa3, with a stable outlook.
23 May, 2017 by The TZ Newswire Staff Comments Off on Bain Capital Raises $720M For New Life Sciences Fund
Bain Capital Raises $720M For New Life Sciences Fund
Bain Capital has amassed $720 million in capital commitments – $120 million of which from Bain partners – for its first investment fund to exclusively focus on opportunities in the life sciences sector.
23 May, 2017 by The TZ Newswire Staff Comments Off on The Unusual Way Red Robin Flew Past Its Guidance in Q1
The Unusual Way Red Robin Flew Past Its Guidance in Q1
In this segment from the MarketFoolery podcast, host Chris Hill and David Kretzmann of Supernova and Rule Breakers take a look at casual-dining burger chain Red Robin Gourmet Burgers (NASDAQ: RRGB), which had a decent quarter overall, but a far better one than it led the markets to believe it was having. But looking ahead, there are reasons for optimism for the company, even considering the troubles of the restaurant industry.
A full transcript follows the video.
23 May, 2017 by The TZ Newswire Staff Comments Off on Podcast: Using a Supercomputer to Trade the Market
Podcast: Using a Supercomputer to Trade the Market
What happens when supercomputers trade the markets? Last week, we spoke with Didier Sornette, director of the Financial Crisis Observatory at ETH Zurich, who uses one of Europe’s most powerful supercomputers to scan financial assets around the globe…
23 May, 2017 by The TZ Newswire Staff Comments Off on Australia – Construction Work done for Q1: -0.7% q/q (expected -0.5%)
Australia – Construction Work done for Q1: -0.7% q/q (expected -0.5%)
Construction Work Done for the March quarter of 2017, a miss on expectations with a fall of 0.7% q/q
– expected -0.5%, prior -0.2%
In a nutshell, this does not auger well for Q1 GDP (data due 7th June).
23 May, 2017 by The TZ Newswire Staff Comments Off on US Journalism’s New "Golden Age"?
US Journalism’s New "Golden Age"?
The Washington Post and other big media are hailing a new journalistic “golden age” as they punish President Trump for disparaging them, but is this media bias a sign of good journalism or itself a scandal, asks Robert Parry, via ConsotriumNews.com…