Archives
Gold – Drops Sharply to Below $1140
November 6th, 2014
In the last few weeks gold has fallen very strongly and resumed the medium term down trend falling from above $1250 back down through the key $1240 level, down below $1200 to a multi year low around $1140. In ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
November 5th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Performance Ronnaru Company Ltd” has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the ...
A Recent Surge of Leveraged Loans Rattles Regulators
November 5th, 2014
As regulators hunt for the next financial bubble, they are homing in on an obscure corner of Wall Street: the debt market where Tom Shannon’s company, a chain of flashy bowling alleys, recently borrowed nearly half a billion dollars. ...
Xero launches education hub
November 5th, 2014
Cloud accounting firm Xero has launched an online platform to encompass all of its educational content, Xero U. It aims to teach accountants, bookkeepers and other users about how to use the accounting platform through a customised learning environment. The ...
Petrobras Official Takes Leave in Possible PwC Resolution
November 5th, 2014
A senior Petroleo Brasileiro SA (PETR4) executive cited in a corruption investigation took a leave of absence, clearing the way for the company to report earnings and debate a fuel-price increase. Sergio Machado, head of the state-run oil producer’s transport unit ...
British Banks May Face Probe of Checking Accounts, Loans
November 5th, 2014
U.K. antitrust regulators said they may open an investigation into checking accounts and banking services for small- and medium-sized businesses. The Competition and Markets Authority will issue a decision on starting a full probe into banking for small firms ...
Investors eye opportunities as Republicans take U.S. Senate
November 5th, 2014
The Republican takeover of the U.S. Senate on Tuesday could lead to new legislative measures that directly affect the energy sector and other slices of the equities market. Republican Senate candidates picked up formerly Democratic seats in Iowa, North ...
U.S. Sues Southwest to Recover Civil Penalty Tied to Aircraft Maintenance
November 5th, 2014
Typically Airlines, FAA Negotiate to Reduce Penalties, But Sides Couldn’t Agree in This Case The Justice Department sued Southwest Airlines Co. in an effort to recover a $12 million civil penalty proposed by aviation regulators in July related to allegations of ...
Ruble Rout Intensifies as Russia’s Central Bank Limits Interventions
November 5th, 2014
The Russian ruble plunged when trading opened Wednesday as the Central Bank announced it would cap the amount of foreign reserves it spends to defend the currency. The ruble fell to historic lows, diving to 44.98 against the dollar ...
Australia & NZ shares slip as commodity prices fall, China data awaited
November 5th, 2014
Australian and New Zealand shares slipped on Wednesday with weaker iron ore, copper and oil prices dragging down Australia’s heavyweight resources sector amid concerns about global demand. The S&P/ASX 200 index fell 29.9 points to 5,490 by 01:20 GMT, ...
