Archives
CySec: acquisition of Administrative Services Providers (ASP) licence
October 23rd, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Provider (ASP): RCB Trustees (Cyprus) Limited Crendaro Investments Limited The ...
Islamic Bank of Britain changes name to Al Rayan Bank
October 23rd, 2014
Islamic Bank of Britain plc (IBB) today announced that, subject to formal shareholder approval, it plans to change its name to Al Rayan Bank PLC. The change will be completed in December 2014. The rebrand follows IBB’s acquisition, earlier ...
Facebook pays no UK corporation tax for a second year
October 23rd, 2014
Facebook paid no UK corporation tax for the second year in a row in 2013, while employees received shares in the company worth tens of millions of pounds. The world’s largest social media company reported a pre-tax loss of ...
Tesco share price falls again: Chairman Sir Richard Broadbent steps down
October 23rd, 2014
It has been a tough few weeks for Tesco, but just how tough was revealed in first-half results posted this morning, which showed statutory profit before tax, which includes one-off items, collapsed by 91.9 per cent to £122m in ...
Millions stolen from UAE bank customers in ATM scam
October 23rd, 2014
A gang of Eastern Europeans has been arrested by police in Dubai on suspicion of stealing millions of dirhams from ATM customers in the UAE. According to 7Days newspaper police arrested the gang after uncovering their elaborate scam that ...
Russia Opens Criminal Probe Into Plane Crash Death Of Total CEO
October 23rd, 2014
Russia’s chief investigative panel has opened a criminal probe into the Oct. 20 accident at Moscow’s Vnukovo International Airport that killed Christophe de Margerie, the CEO of the French multinational oil company Total, saying the field’s management was negligent ...
Nokia beats market expectations in third-quarter
October 23rd, 2014
Finland’s Nokia on Thursday beat market expectations as it reported strong third-quarter profit growth and lifted the profitability outlook for its core network unit on the back of network roll-outs in North America and China. The network unit showed ...
Thursday October 23: OSB Daily Technical Analysis- Indices
October 23rd, 2014
OSB Daily Technical Analysis for October 23, 2014 S&P 500 declined on Wednesday after four consecutive up days. Resistance above at the 1940-45 area. A close above this area and the 50 DMA extends to 1965. Bullish momentum remains ...
RBA Keeping Close Eye on Lending Standards
October 23rd, 2014
Australia’s central bank is keeping a close eye on the build up of credits to housing investors and is still talking to the financial regulator over what can be done to tighten lending standards, the head of the Reserve ...
Thursday October 23: OSB Daily Technical Analysis- Commodities
October 23rd, 2014
OSB Daily Technical Analysis for October 23, 2014 Gold A negative day for gold which is finding resistance at $1250 too strong to climb over for now. The close above $1240 suggests some consolidation and building up of strength ...
