Archives
U.S. stocks slide allows short sellers to smile again
October 15th, 2014
The stock market’s long-suffering short sellers finally have something to smile about. Investors who make a living betting that stock prices will fall are in a position to profit handsomely as the U.S. equity market sinks, with its biggest ...
Citi pulls out of consumer banking in 11 countries, profit jumps
October 15th, 2014
Citigroup Inc said it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs. The third-largest U.S. bank, built with a ...
Canada To Implement 2014 Budget Tax Provisions
October 15th, 2014
The Canadian Government has tabled a detailed Notice of Ways and Means Motion to implement tax provisions contained in its 2014 Budget, along with a number of previously unannounced measures. Finance Minister Joe Oliver said: “Canada’s Economic Action Plan ...
Draghi’s Whatever It Takes Bid Saved Euro Area, ECB Says
October 15th, 2014
European Central Bank President Mario Draghi helped save the euro with his pledge to do “whatever it takes” as lenders prepared for a collapse of the currency, an ECB lawyer told a hearing today. The European Court of Justice, ...
Ireland to abolish controversial ‘double Irish’ tax arrangement
October 15th, 2014
Ireland has officially announced the phased abolition of its controversial “double Irish” tax scheme that has enabled multinationals such as Apple to dramatically cut down their tax bills. The arrangement, which has drawn the wrath of the US Senate ...
WTO rules for U.S. in India trade dispute
October 15th, 2014
A World Trade Organization ruling Tuesday could help U.S. farmers increase exports to India. India violated numerous trade rules when it banned imports of American poultry, meat, eggs and live pigs, the World Trade Organization ruled Tuesday in a ...
Wednesday October 15: OSB Daily Technical Analysis- Indices
October 15th, 2014
OSB Daily Technical Analysis for October 15, 2014 S&P 500 rallied intraday attempting to get back above the 1900 level but resistance proved too much. The market managed to remain positive for the day but action suggest further downside ...
China Approves Brokerages to Start HK-Shanghai Trading
October 15th, 2014
China approved brokerages including Central China Securities Co. (1375) to offer trading services that pave the way for the start of a program allowing investors in Shanghai and Hong Kong access to each other’s stock markets. Central China shares ...
Wednesday October 15: OSB Daily Technical Analysis- Commodities
October 15th, 2014
OSB Daily Technical Analysis for October 15, 2014 Gold rally stalled just shy of the $1240 mark on Tuesday and turned back to sell off finding support at $1231. Gold is likely to consolidate in this area and grind ...
Wednesday October 15: OSB Daily Technical Analysis- Currency pairs
October 15th, 2014
OSB Daily Technical Analysis for October 15, 2014 EUR/USD declined on Tuesday and got back in line with general longer term trend testing support at the 1.2640 area. Pair likely to test recent lows at the 1.25 area. A ...
