Archives
GBP/USD confirms tough resistance at 1.70
May 8th, 2014
Pair’s Outlook Judging by the currency pair’s behaviour near 1.70 yesterday, the resistance created by the 2009 highs and monthly R1 will be difficult to breach. But if the Pound continues to appreciate despite this supply area, the next ...
EUR/USD turned around ahead of up-trend resistance
May 8th, 2014
Pair’s Outlook After approaching the up-trend resistance line and monthly R1 level at 1.3958, EUR/USD turned around and closed beneath the weekly R1. Nevertheless, most of the technical indicators are pointing north, implying that the bulls are going to ...
FCA warning against unauthorised firms
May 8th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that the following firms are not permitted to provide any financial services or products: TBR Assured Limited t/a Personal Touch Insurance QuickCash (www.quickcash.co.uk) ...
Vodafone seeks arbitration in India tax dispute
May 8th, 2014
Vodafone has sought international arbitration to resolve its tax dispute with the Indian government. It relates to Vodafone’s 2007 takeover of Hong Kong-based Hutchison Whampoa’s Indian mobile unit for $11bn (£6.5bn). Indian authorities have said the firm owes nearly ...
Territory confrontations escalate among China, Vietnam and the Philippines
May 8th, 2014
Tensions escalated in the South China Sea region this week after China, Vietnam and the Philippines were involved in a series of potentially explosive confrontations over disputed territory. Vietnamese officials say Chinese military and civilian ships have been intimidating ...
Sherman, PRA Drop $16 Million Debt Collection in New York
May 8th, 2014
Two of the largest U.S. consumer debt buyers agreed to drop collections on about $16 million in judgments to settle allegations they violated New York law in pursuing debtors, the state attorney general’s office said. Portfolio Recovery Associates (PRAA) ...
Toyota profit nearly doubles to $17.8bn
May 8th, 2014
Japanese carmaker Toyota has seen its profits nearly double, boosted by the yen’s weakness and cost cutting. It made a net profit of 1.82 trillion yen ($17.8bn; £10.5bn) in the year to 31 March, up from 962bn yen a ...
CySec imposes administrative fine to Mega Εquity Securities & Financial Services Public Ltd
May 8th, 2014
The Council of the Cyprus Securities and Exchange Commission informs the investors that after its meeting on the January 20, 2014, has decided to impose an administrative fine to KEPEY Mega Εquity Securities & Financial Services Public Ltd as follows: ...
CySec: Regulation for Ukraine
May 8th, 2014
The Cyprus Securities and Exchange Commission (CySec) informs, the Cyprus Investment Firms, the Management Companies, the Administrative Services Companies and the Regulated Markets (‘the Regulated Entities) about the publication in the Official Journal of the European Union of the ...
Billionaire Kwoks Plead Not Guilty to HK Official Bribes
May 8th, 2014
Thomas and Raymond Kwok, the billionaire brothers running Hong Kong’s second-largest developer, and the Chinese city’s former No. 2 official pleaded not guilty today to charges including conspiracy to commit misconduct in public office. Rafael Hui, the Government’s Chief ...
