Archives
UK’s banks pay 71% of profits in tax
March 28th, 2014
THE UK’S LARGEST BANKS paid an effective tax rate of 71.3% of their profits to HM Revenue & Customs in 2013, according to research conducted by KPMG. KPMG’s study examined several key metrics in the published results of the ...
Fixing Finance: Work in Process
March 28th, 2014
Despite the enormous costs that have been wrung out of finance department operations, CFOs have plenty of reasons to push for more process improvement. The cost of finance at the typical large company has plummeted. According to the American ...
European Stocks Climb Before Euro-Area Confidence Report
March 28th, 2014
European stocks advanced, paring their monthly loss, as investors awaited data that may show euro-area economic confidence rose in March. U.S. index futures and Asian shares also climbed. Intesa Sanpaolo SpA gained 1.9 percent as it forecast dividend payouts ...
Reserve Bank issues LVR exemption for construction
March 28th, 2014
The Reserve Bank of New Zealand has published revised rules that exempt construction loans from the Loan-to-Value Ratio (LVR) ‘speed limit’ introduced last October. The exemption for construction loans was announced on 10 December last year and is backdated ...
USD/JPY oscillates beneath 55-day SMA
March 28th, 2014
Pair’s Outlook The story continues, as neither the bulls that see USD/JPY rising from 102 nor the bears that are defending the 55-day SMA seem to be willing to give in. And even though in the short run the ...
GBP/USD stays bullish
March 28th, 2014
Pair’s Outlook Interestingly enough, EUR/USD and GBP/USD continue moving in the opposite directions, enough though generally we would expect them to exhibit strong direct correlation. Nonetheless, the Sterling, unlike its European counterpart, preserves a bullish momentum, despite the trading ...
EUR/USD slips below 1.38
March 28th, 2014
Pair’s Outlook Regardless of the weekly and monthly technical indicators that remain bullish, EUR/USD plunged beneath the support at 1.38. The Euro is currently testing the 55-day SMA at 1.3730, but this level is also reinforced by the 100-day ...
USD/JPY is now in downtrend from 102.68
March 28th, 2014
USD/JPY is now in downtrend from 102.68. Deeper decline to test 101.20 support would likely be seen, a breakdown below this level will confirm that the longer term downtrend from 103.76 has resumed, then the following downward movement could ...
FSA: Guidelines for Supervision of Financial Market Infrastructures
March 27th, 2014
The Financial Services Agency (FSA), the Japanese regulatory authority, has issued a series of Comprehensive Guidelines for Supervision of Financial Market Infrastructures, as part of the efforts toward “better regulation”. The Guidelines can be downloaded here. Source: FSA
CySec: acquisition of licence
March 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority has announced that “Nextrade Worldwide Ltd” has successfully obtained the CySec licence. Therefore, the company is now authorised to operate legally under the supervision of CySec and to ...
