Archives
Bank of Canada is Keeping a Close Eye on E-Money
November 14th, 2014
The Bank of Canada is keeping a close eye on the risks posed by new forms of electronic money, given that the Bank’s job is to issue currency, promote financial stability and oversee Canada’s payment systems, Senior Deputy Governor ...
U.S. judge upholds BP ‘gross negligence’ Gulf spill ruling
November 14th, 2014
A U.S. judge weighing how much BP Plc should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company’s conduct was “grossly negligent.” The decision by U.S. District Judge ...
Iraq and Kurds Reach Deal on Oil Exports and Budget Payments
November 14th, 2014
Iraq’s central government and the autonomous region of Kurdistan reached an interim agreement on Thursday over oil exports and budget payments, at least temporarily easing a bitter dispute that has threatened the government’s stability. The standoff began earlier this ...
ASIC proposes to cut red tape and encourage more electronic disclosure
November 14th, 2014
ASIC is seeking feedback on proposals to make it easier for businesses to deliver financial services disclosures electronically while preserving choice for consumers. Our proposals also encourage the use of more innovative formats for Product Disclosure Statements. ASIC today ...
Oracle, SAP settle long-running TomorrowNow lawsuit
November 14th, 2014
Oracle Corp and SAP SE have settled long-running copyright litigation for $356.7 million over improper downloads of Oracle files, ending a fierce legal battle between the two enterprise software rivals. The case involved SAP’s TomorrowNow unit, which the German company bought to ...
New Payment Systems Regulator sets out how it will regulate the £75 trillion industry
November 14th, 2014
The new Payment Systems Regulator (PSR) today sets out how it proposes to regulate the £75 trillion payments industry when it becomes fully operational on 1 April 2015. The proposals will further the PSR’s three objectives: to promote competition, ...
Twitter Debt Rated as Junk
November 14th, 2014
Twitter Inc. ’s debt was rated as junk on Thursday by Standard & Poor’s Ratings Services, a sobering grade that comes a day after executives of the social media service tried to reassure skeptics on Wall Street of its long-term ...
Warren Buffett’s Berkshire Hathaway buys Duracell for $4.7bn from Proctor and Gamble
November 14th, 2014
Warren Buffet’s Berkshire Hathaway has bought up Procter and Gamble’s (P&G) bunny-led battery brand Duracell. The investment firm paid $4.7bn (£3bn) in the form of P&G shares returned to the consumer goods giant- its entire stake in the business. ...
Labour vows to double fines on tax avoidance
November 14th, 2014
THE LABOUR Party yesterday pledged to double the fines on people who aggressively avoided tax, if it won the next election. Shadow chancellor Ed Balls said this would be a “tough and genuine deterrent”. Balls said Labour had supported ...
Technical Analysis: Indices – Nov 14
November 14th, 2014
Technical Analysis for November 14, 2014 SPX The uptrend from SPX remains intact and it shows no sign for a major change. The last bear movement in the chart still in trading range around 2020-2050 level and the next support ...
