Tag "3"

July 06, 2015 MONEY (MSM)

Southern European bond yields up, but no panic after Greek vote

Italian, Spanish and Portuguese bond yields each rose 10 to 20 basis points on Monday after an overwhelming Greek vote against EU-prescribed austerity measures that could set Athens on a path out of the euro zone. The moves were modest, within the trading ranges of the past three weeks, as investor faith in the European Central Bank’s firewalls protected the weaker euro zone economies. The resignation of Greece’s combative Finance

July 06, 2015 MONEY (MSM)

Invisible hand meets China's fist in stock-market meddling

Amid the country’s worst stock slump since 1992, President Xi Jinping’s government is dusting off its Communist Party playbook and unleashing all manner of state interventions to halt the slide in share prices. For now, though, the visible hand is back, with stabilizing equity markets as priority one. The Shanghai Composite Index has fallen 27 percent since its June 12 peak, posing policy makers with a dilemma: How to maintain

July 06, 2015 AUTOS

Citroën’s Hydropneumatic Suspension Is Being Depressurized—Forever

– Since 1954, top-spec Citroën models have famously ridden on what felt like a cushy wave of fluid—because, well, they actually rode on a cushy fluid. The French automaker’s innovative hydropneumatic suspension system used pump-driven hydraulic fluid and small nitrogen-filled bladders at each wheel to absorb road impacts like no metal spring and gas-charged damper setup could, while also offering load-leveling and, eventually, mitigating body roll. That the hydropneumatic system has survived