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Dollar better bid after data, euro hobbled by rate cut view

May 23rd, 2014 (0)
The dollar hovered at one-week highs against the yen and held its ground on the euro early on Friday, having drifted up broadly after promising U.S. housing and factory activity data gave Treasury yields a bit of a lift. ...

Huge oil reserves in southern England

May 23rd, 2014 (0)
A report published on Friday is expected to say that there are several billion barrels of oil in shale rocks under large parts of southern England. But getting the oil out of the ground will involve the controversial process ...

FSMA to ban certain financial products’ marketing

May 22nd, 2014 (0)
The Financial Services and Markets Authority (FSMA), the Belgian regulatory authority, published an announcement as follows: The marketing of certain financial products to retail clients in Belgium will be banned starting on 1 July 2014. The Regulation to this ...

How Google overtook Apple to become the world’s most valuable brand

May 22nd, 2014 (0)
Google has surpassed Apple as the world’s most valuable brand, according to MillwardBrown’s 2014 BrandZ ranking. Apple, which had been #1 in the prior three years, fell 20% in brand value to an estimated $147.9 billion amid a “growing perception that ...

Facebook, Google Balk at Loophole in Bill to Rein in NSA

May 22nd, 2014 (0)
A group of technology companies, including Facebook Inc. (FB), Google Inc. (GOOG) and Apple Inc. (AAPL), said the bill U.S. lawmakers plan to vote on today to limit National Security Agency spying doesn’t go far enough. The legislation “has ...

BNP Case Shows French Companies Learn U.S. Law Hard Way

May 22nd, 2014 (0)
Some French companies have been slow to learn that doing business in the U.S. means obeying its laws. U.S. authorities are seeking a record fine against BNP Paribas SA (BNP) that would make it the first French bank since ...

JPMorgan’s Problem of “Sons and Daughters” program is widely practice

May 22nd, 2014 (0)
The long investigation of JPMorgan’s hiring practices in China has reached a milestone: A Hong Kong anti-corruption organization has formally arrested Fang Fang, the bank’s former vice president of investment banking in Asia. Fang Fang, who has been released ...

Sugar futures fall 0.73 per cent on sluggish demand

May 21st, 2014 (0)
Sugar prices drifted by 0.73 per cent to Rs 3,008 per quintal in futures trade today as speculators reduced positions due to sluggish demand in the spot market against higher supplies. However, a likely drop in output restricted the ...

Low on taxes, high on risk-aversion

May 21st, 2014 (0)
High quality global journalism requires investment. Zurich, the world’s private banking capital, is not just luring in old money. Ambitious founders are making Switzerland’s largest city their base – albeit away from the pretty, but expensive, old town. The ...

EUR/USD sandwiches between monthly S1 and 200-day SMA

May 21st, 2014 (0)
Pair’s Outlook The currency pair remains completely motionless, even though the daily and especially monthly technical indicators imply elevated volatility in the exchange rate. For EUR/USD to return to being active it has to breach either the monthly S1 ...
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