Archives
ASIC cancels Parramatta insurance broker’s AFS licence
April 24th, 2014
The Australian Securities and Investments Commission (ASIC), has cancelled the Australian financial services (AFS) licence of Parramatta-based insurance broker, WD Gelle Insurance & Finance Brokers Pty Ltd. The company’s AFS licence was cancelled after ASIC found that it had ...
Reserve Bank raises OCR to 3 percent
April 24th, 2014
The Reserve Bank of N.Zealand has issued a press release informing on country’s economy as follows: New Zealand’s economic expansion has considerable momentum, with GDP estimated to have grown by 3.5 percent in the year to March. Growth is ...
FCA warning against unauthorised firms
April 24th, 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: Cash Pals (www.cash-pals.com) Business Finance World Ok-Loans Limited (www.ok-loans.co.uk) ...
USD/CHF to cede ground
April 24th, 2014
Pair’s Outlook As the resistance at 0.8857 proved to be impenetrable, the bias towards USD/CHF is fairly negative. The currency pair could ultimately give up more than two figures to arrive at 0.86 (2011 lows) before regaining the upward ...
GBP/USD confirms resistance 1.6222/14
April 24th, 2014
Pair’s Outlook Although at first it seemed as if the resistance at 1.6822/14 is about to be breached, later in the day the bears moved GBP/USD away from the Feb high. But, unless the price falls beneath the nearest ...
Europe Still Has a Mountain of Debt
April 24th, 2014
There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both “stocks” and “flows” — that is, secured ...
Unilever Revenue Growth Beats Estimates as Europe Stabilizes
April 24th, 2014
Unilever (UNA), the maker of Magnum ice cream and TRESemme shampoo, reported first-quarter sales growth that beat estimates and said its North American pasta-sauce and Slim Fast units are under review amid talk of disposals. Underlying sales gained 3.6 ...
China Stocks Drop to Three-Week Low on IPO Concern; Vanke Gains
April 24th, 2014
China’s stocks fell to a three-week low, led by technology and small-company shares, on concern new equity sales will divert funds. Property developers rose after Anbang Life Insurance Co. raised its stake in Gemdale Corp. (600383) Risen Energy Co., ...
Anglo Irish Liquidator Seeks to Sell $19 Billion in Loans
April 24th, 2014
Irish Bank Resolution Corp., formed to complete the liquidation of Anglo Irish Bank Corp., asked a U.S. bankruptcy judge to approve the sale of loans with nominal balances totaling more than $19 billion. The proposed purchasers of the U.S. ...
Obama Says U.S. Ready to Move on Russia Sanctions
April 24th, 2014
President Barack Obama said the U.S. and its allies have additional sanctions against Russia ready to go as the crisis in Ukraine escalated with Ukrainian security forces moving against pro-Russian separatists. Russia has yet to act in the spirit ...
