Archives
Modi seeks to revive India’s ‘zombie factories’, not abandon them
October 13th, 2014
The strange tale of British India Corporation is an example of how political patronage and India’s strict labor laws keep publicly owned companies going long after they are insolvent. Now Prime Minister Narendra Modi, who campaigned in this year’s ...
Ireland Considers changes on Corporate Tax
October 13th, 2014
Multinational companies are bracing for their last serving of the “Double Irish.” Ireland is expected on Tuesday to announce changes to its tax code that could eventually close one of the world’s most famous corporate-tax loopholes, dubbed the Double ...
Agile’s Chairman placed under custody
October 13th, 2014
Agile Property Holdings Ltd. tumbled the most on record after its billionaire founder and chairman Chen Zhuolin was placed under the control of Chinese prosecutors and amid reports it assisted in money laundering in legal news. The stock plunged ...
Canadian Pacific Makes Deal offer to CSX
October 13th, 2014
The CSX has been cool to the idea of a transaction, which would create a company worth more than $60 billion, people briefed on the matter said. If completed, a deal would unite two of the biggest railroad operators at ...
European banks raise more capital before ECB stress test
October 13th, 2014
Euro zone banks have raised 35 percent more capital ahead of the European Central Bank’s (ECB) latest stress test than they had set aside before the 2011 review, according to a report published by law firm Linklaters. The euro ...
Monday October 13: OSB Daily Technical Analysis- Indices
October 13th, 2014
OSB Daily Technical Analysis for October 13, 2014 The S&P 500 closed below the key 1900 level and below the 200 DMA on Friday. This is significantly bearish for the pair and suggests this is not a mild correction ...
ADX releases smart app
October 13th, 2014
Abu Dhabi Securities Exchange (ADX) announced today at GITEX 2014 the launch of its first smart mobile app. The new app provides a market summary on the Indices, and ADX’s listed companies’ activities, as well as providing multiple watch ...
Monday October 13: OSB Daily Technical Analysis- Commodities
October 13th, 2014
OSB Daily Technical Analysis for October 13, 2014 Gold traded in a tight range of Friday managing to find support at the $1220 level which now appears to be a base support area. Bounce poised to continue with a ...
Monday October 13: OSB Daily Technical Analysis- Currency pairs
October 13th, 2014
OSB Daily Technical Analysis for October 13, 2014 EUR/USD decline and test of support at 1.26 handle on Friday with a failure to remain above resistance at 1.2680-90. Pair remains weak and in bearish mode. Retest of 1.25 handle ...
Statoil sells Shah Deniz stake for $2.25 billion to Petronas
October 13th, 2014
Norway’s Statoil (STL.OL) has sold its remaining 15.5 percent stake in the Azeri gas project Shah Deniz to Malaysia’s Petronas for $2.25 billion, the latest in a string of asset sales made to shore up returns to shareholders. ...
