Archives
2G scam: Trial begins, court records statement of ED officer in PMLA case
November 17th, 2014
The trial in a 2G scam related money laundering case involving former Telecom Minster A Raja, DMK MP Kanimozhi and others today commenced before a special court which recorded statement of prosecution witness Himanshu Kumar Lal, Joint Director of Enforcement Directorate (ED). Lal, who is also the ...
Halliburton to Buy Baker Hughes for $34.6 Billion, Sell Assets
November 17th, 2014
Halliburton Co., the world’s second-biggest provider of oilfield services, agreed to buy No. 3 Baker Hughes Inc. in one of the largest takeovers of a U.S. energy company in years. Baker Hughes shareholders will receive 1.12 Halliburton shares plus ...
Pakistan regulators merging three Islamic investment firms
November 17th, 2014
Pakistan regulators are merging three small Islamic investment firms after the central bank took control of Karachi-based KASB Bank Limited, accelerating efforts to strenghten financing by investment partnerships. Last week, the government directed the central bank to reorganize or amalgamate ...
Deloitte starts up £25m fund for employees
November 17th, 2014
BIG FOUR accountancy firm Deloitte today announced it had started a £25m internal investment fund to allow its employees to create their own startup businesses. If their idea is chosen, employees will be given funding and allowed to work ...
Dubai Parks and Resorts Launches Dhs2.5bn IPO On DFM
November 17th, 2014
Dubai Parks and Resorts, the recently-created subsidiary of Dubai-based developer Meraas Holding, which is building a mega theme park complex in the emirate, announced on Monday that it has launched its Initial Public Offering (IPO) on the Dubai Financial ...
Monday November 17: OSB Daily Technical Analysis –Indices
November 17th, 2014
OSB Daily Technical Analysis for November 17, 2014 S&P 500 had a light day on Friday without much real direction hitting resistance in the 2040 area. The index looks likely to consolidate in this area and go sideways as ...
Monday November 17: OSB Daily Technical Analysis – Commodities
November 17th, 2014
OSB Daily Technical Analysis for November 17, 2014 Gold rallied significantly on Friday with sign that the precious metal is attempting to reach out to the $1200 handle. Resistance in this area is significant and likely to cause bears ...
Monday November 17: OSB Daily Technical Analysis – Currency pairs
November 17th, 2014
OSB Daily Technical Analysis for November 17, 2014 EUR/USD rallied above the 1.25 handle after selling off in the early session. Significant resistance is above at in the 1.2550-80. Pair likely to retest this area and make a push ...
Purse.io Immune to Brawker Amazon Wishlist Scam;”What Happens Under the Hood Actually Matters”
November 17th, 2014
Following recent coverage of a potential exploit on services that rely on Amazon Wishlist for order fulfillment, Purse.io, a Bitcoin service that allows users to “buy” goods on Amazon using Bitcoin at a heavily discounted price, has clarified that ...
Islamic finance body IIFM launches collateralised murabaha standard
November 17th, 2014
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost use of a sorely needed liquidity management tool for Islamic finance institutions. The standard will serve as an alternative to repurchase ...
