Archives
New Report Charts EU Tax Policy Changes In 2014
October 16th, 2014
The European Commission has published a new report detailing key tax reforms implemented by European Union member states during 2014 and identifies the main policy challenges they are said to face. The report notes that the tax burden on ...
Lloyd’s sells €1.1bn of bad bank to Lone Star
October 16th, 2014
Lloyds has jettisoned €1.1bn (£883m) of bad bank. Lloyds Banking Group, which is partly owned by the UK government, has sold its Irish residential home loans to Lone Star, a US private equity group. Lloyds’s Irish operation was heavily ...
Thursday October 16: OSB Daily Technical Analysis- Indices
October 16th, 2014
OSB Daily Technical Analysis for October 16, 2014 S&P 500 The S&P 500 sold off hard on Wednesday with slicing through key support areas only to find support just above the 1800 mark at 1812 and turn back up ...
Thursday October 16: OSB Daily Technical Analysis- Commodities
October 16th, 2014
OSB Daily Technical Analysis for October 16, 2014 Gold break out above $1240 on Wednesday finding resistance at $1250. Gold is likely to attempt a rally from here possibly to the $1275 level in the medium term. Higher volatility ...
Netflix plunges on subscriber data
October 16th, 2014
Netflix shares fall as subscriber gain momentum stalls Shares of Netflix fell 24% in after-hours trading after the company revealed that its third-quarter subscriber gain fell short of its estimates. Still, company’s $1.4 billion in revenue met Wall Street ...
Thursday October 16: OSB Daily Technical Analysis- Currency pairs
October 16th, 2014
OSB Daily Technical Analysis for October 16, 2014 EUR/USD Break out day with a close above 1.28 handle, resistance at 1.2880 and further above at 1.29. Support now in the 1.2750-70 area. Consolidation in at this higher level likely ...
AbbVie board goes against £32bn Shire takeover deal
October 16th, 2014
US drug firm AbbVie has recommended that is shareholders vote against a £32bn takeover offer for rival Shire. It said recent tax changes had introduced an “unacceptable level of uncertainty” to the deal. AbbVie, based in North Chicago, Illinois, ...
Islamic Corporation for the Development of the Private Sector (ICD) signs two MoUs in Washington DC
October 16th, 2014
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), and the Small Enterprise Assistance Funds (SEAF), a US-based international financial institution mandated to promote economic development ...
CPMI and IOSCO issue report on the recovery of financial market infrastructures
October 16th, 2014
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published a report entitled Recovery of financial market infrastructures. The report provides guidance to financial market infrastructures (FMIs) such as central counterparties ...
Multiple companies to launch on Qatar Exchange
October 16th, 2014
Multiple companies are preparing to launch initial public offers on the Qatar Exchange in the coming months, the CEO of the bourse has reported. Rashid bin Ali Al Mansoori told the exchange was working with the companies to complete ...
