2 August, 2017 by The TZ Newswire Staff Comments Off on Amazon isn’t the No. 1 villain in retail sector’s demise
Amazon isn’t the No. 1 villain in retail sector’s demise
Too many stores and not enough demand for traditional goods is hurting retailers, writes Vitaliy N.
2 August, 2017 by The TZ Newswire Staff Comments Off on 6 Most Important Things In Business Today
6 Most Important Things In Business Today
Apple (NASDAQ: AAPL) crushed earnings estimates and its share rose to an all time high after hours. Strong iPhone sales were aided by particularly good results for Macs and iPads. Profits moved up…
2 August, 2017 by The TZ Newswire Staff Comments Off on Europe Markets: European stocks struggle as oil and bank shares are dragged down
Europe Markets: European stocks struggle as oil and bank shares are dragged down
Stocks in Europe ebbed lower Wednesday, as energy shares pulled back alongside a drop in oil prices, while bank stocks suffered, including those of France’s Societe Generale SA after the lender’s report of a profit decline.
read more
2 August, 2017 by The TZ Newswire Staff Comments Off on Kanye West files $10 million lawsuit over canceled Saint Pablo tour
Kanye West files $10 million lawsuit over canceled Saint Pablo tour
The suit was filed by Very Good Touring against several Lloyd’s of London insurance syndicates.
2 August, 2017 by The TZ Newswire Staff Comments Off on Next Avenue: Try spending like a retiree—before you retire
Next Avenue: Try spending like a retiree—before you retire
If you can’t live on your retirement budget while you’re still working, you likely won’t be able to when you retire.
read more
2 August, 2017 by The TZ Newswire Staff Comments Off on RBI cuts repo rate by 0.25% to 6.0%
RBI cuts repo rate by 0.25% to 6.0%
Reserve Bank of India with latest interest rate decision 2 Aug
– reverse repo down to 5.75%
– MPC will continue monitoring movements in inflation to ascertain if recent soft readings are transient or if a more durable disinflation is underway
Many expected/hoped the RBI would cut last time so after yesterday’s awful reading this should come
2 August, 2017 by The TZ Newswire Staff Comments Off on Eurozone PPI for June 2.5% y/y vs 2.5% exp
Eurozone PPI for June 2.5% y/y vs 2.5% exp
Eurozone PPI for June comes in at 2.5% y/y and -0.1% m/m
– Prior y/y 3.3%
– Prior m/m -0.4%
Both m/m and y/y figures relatively in-line.
EURUSD broke to fresh highs earlier, up 85 pips from NY session lows. No stopping the tear higher in the currency across the board.