Archives
CySec: regarding fx financial instruments
April 25th, 2014
The Cyprus Securities and Exchange Commission (CySec), has issued a press release informing the Cyprus Investment Firms (‘the CIFs’) about the following: 1. Concerns have been raised about the lack of harmonisation between the EU Member States on where ...
HMRC error leaves VCTs unable to issue shares
April 25th, 2014
Venture Capital Trusts have been hoarding investor cash after an error from HM Revenue and Customs left the vehicles afraid of issuing new shares. New legislation introduced by the Treasury was intended to prevent VCTs from abusing their tax-efficient ...
S&P Lowers Russia’s Currency Ratings
April 25th, 2014
Standard and Poor’s Financial Services, or S&P, on Friday lowered Russia’s currency ratings, and hinted at the possibility of a further sovereign rating downgrade if the country’s failing creditworthiness, hurt by slowing economic growth and sanctions from the Ukraine ...
What Obama and Abe Didn’t Talk About
April 25th, 2014
As New York Times columnist Paul Krugman recently reminded readers, the dirtiest word an economist can call you is “Japanese.” Swedes must be stewing with regret for giving Krugman that Nobel Prize, after one of his columns likened the ...
UK SMEs are neglected at the critical growth stage, says new report
April 25th, 2014
Old Street Silicon Valley-style business ‘clusters’ vital for growth. Local Enterprise Partnerships not as effective as predecessor, say SMEs Initiatives aimed at helping the UK’s small and medium sized enterprises (SMEs) are failing at the critical growth stage of ...
S&P upgrade Cyprus on better economic performance
April 25th, 2014
Credit rating agency Standard & Poor’s is more upbeat about Cyprus’ public finances following a better-than-expected performance since the country’s financial rescue a year ago. The agency upgraded Cyprus’ rating by one notch to B and said the outlook ...
USD/JPY feels support from 102.20
April 25th, 2014
Pair’s Outlook As it turns out, the support at 102.20, consisting of the weekly PP and 38.2% Fibonacci retracement of the November-December advancement, should be enough to keep the pair afloat. Once USD/JPY stabilises, it will be expected to ...
GBP/USD stuck at Feb high
April 25th, 2014
Pair’s Outlook GBP/USD refused to leave the vicinity of 1.6822/14, being backed up by the nearest supports, such as the weekly PP and 20-day SMA. Therefore there are still considerable risks that the Sterling is going to surpass the ...
FCA Said to Observe Banks’ London Gold-Fixing Calls
April 25th, 2014
Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain’s Financial Conduct Authority visiting Societe Generale SA (GLE) to observe the so-called London fixing process, two people with knowledge of the matter said. ...
Apple, Google, Intel, Adobe Settle Antitrust Hiring Case
April 25th, 2014
Apple Inc. (AAPL), Google Inc. (GOOG), Intel Corp. (INTC), and Adobe Systems Inc. (ADBE) agreed to pay $324 million to settle an employee lawsuit over claims they conspired to suppress salaries by not recruiting one another’s workers, a person ...
