Archives
Monday December 8: OSB Daily Technical Analysis – Currency pairs
December 8th, 2014
OSB Daily Technical Analysis for December 8, 2014 EURUSD closed below the 1.23 handle for the first time since August 2012 on Friday. Downside support extends at 1.2230-50 area although a bounce back above into 1.2350 resistance area likely. ...
Virgin Australia’s NZ operations report $31m profit following accounting changes
December 8th, 2014
Virgin Australia’s earnings performance on the highly competitive trans-Tasman route has improved from loss-making to a profit as a result of accounting policy changes and other benefits from its alliance with Air New Zealand . The Australian airline’s New ...
Shanghai Composite Index Breaks 3,000 for First Time Since 2011
December 8th, 2014
China’s Shanghai Composite Index surpassed 3,000 for the first time since 2011 and a gauge of the nation’s biggest companies headed for a record winning streak on optimism shares will extend their world-beating rally. Citic Securities Co. and Haitong Securities Co., ...
Business lobby warning on chancellor’s new ‘Google tax’
December 5th, 2014
The chancellor wants multinationals to pay their “fair share” of tax The Confederation of British Industry has warned over Chancellor George Osborne’s plans for the UK to “go it alone” on corporate tax reform. The Organisation for Economic Cooperation ...
The world’s poorest man has handed himself in to French authorities
December 5th, 2014
Jerome Kerviel, the ex-Societe Generale trader who has more debt than anyone else in the world, has turned himself in to French authorities to begin a three-year jail sentence. His return home is something of an end point to ...
Fiat Chrysler launches $2.5 billion mandatory convertible bond, share offer
December 5th, 2014
Fiat Chrysler Automobiles (FCA) (FCHA.MI) (FCAU.N) said on Thursday it had launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan. ...
Canary Wharf owner Songbird Estates rejects revised £2.6bn Qatar offer
December 5th, 2014
Canary Wharf owner and takeover target Songbird Estates has rejected a revised offer of 350p per share made by the Qatari sovereign wealth fund late yesterday. The board of Songbird said it “does not reflect the full value of the ...
Friday December 5: OSB Daily Technical Analysis – Indices
December 5th, 2014
OSB Daily Technical Analysis for December 5, 2014 The S&P sold off in the early session on Thursday only to turn back and close the day marginally negative. Support below at 2050-60 appears to contain any further downside for ...
Dollar Gains a 7th Week Before Jobs; Yen Drop Spurs Bankruptcies
December 5th, 2014
The dollar headed for a seventh weekly gain, after rising above 120 yen yesterday for the first time since July 2007, as economists predicted U.S. job growth quickened while Japan is in recession and Europe struggles. The U.S. currency has gained ...
Gold Declines Before U.S. Jobs Report as Investors Weigh Demand
December 5th, 2014
Gold fell before U.S. payrolls data that may show employers added more workers last month, boosting the case for an increase in borrowing costs in the largest economy as the dollar headed for a seventh weekly increase. Bullion for ...
