Archives
World Bank moves to quell staff revolt
October 8th, 2014
The World Bank’s chief financial officer has agreed to forgo a $94,500 annual bonus in order to quell a staff revolt hitting the bank as the world’s finance ministers and central bank governors gather in Washington for its annual ...
Western sanctions against Russia cut Europe’s throat
October 8th, 2014
Sanctions against Russia have not led to the isolation of the country, even if the West tried to alienate Russia from western markets of capital and technologies. Instead, the sanctions strengthened the ties between Russia and China. Russia will ...
Tax Cuts In Greece’s First Balanced Budget In Decades
October 8th, 2014
Greece’s 2015 Budget, released on October 6, 2014, includes reductions to the solidarity tax on earners and a 30 percent cut on the tax on heating oil, as part of the Government’s pledge to begin to unwind the austerity ...
U.S. Said to Ready Charges Against Banks in Forex Rigging
October 8th, 2014
U.S. prosecutors are pressing to bring charges against a bank for currency-rate rigging by the end of the year, and actions against individuals will probably follow in 2015, according to people familiar with the probe. While federal prosecutors have ...
Asia shares stumble, oil skids to 27-mth lows
October 8th, 2014
Asian share markets were mostly in the red on Wednesday as worries about waning global growth lifted safe-haven bonds, while shoving oil prices to their lowest in more than two years. Extending a three-month-long decline, Brent oil sank $1.18 ...
Rift opens among Eurozone leaders over Germany’s insistence on austerity
October 8th, 2014
With new signs of economic trouble emerging, what has been a guiding European economic principle for several years is facing open revolt. As Europe confronts new signs of economic trouble, national leaders, policy makers and economists are starting to ...
Hong Kong creates team to help startups
October 8th, 2014
Invest Hong Kong (InvestHK), the Department established by the Government to attract foreign direct investment and support overseas and Mainland businesses set up or expand in Hong Kong, has announced that it has set up a dedicated team to ...
Wednesday October 8: OSB Daily Technical Analysis- Indices
October 8th, 2014
OSB Daily Technical Analysis for October 8, 2014 S&P 500 sold off and found support at 1924 with the 20 DMA crossing below the 50 DMA. This is bearish for the index and begs the question: is this a ...
TRADOLOGIC expands and updates its services in China
October 8th, 2014
TRADOLOGIC, the well-known binary options software provider, has a strong new force in the face of the new Business Development Manager for Asia, Slavena Savcheva. Ms. Savcheva recently joined TRADOLOGIC as a very perspective professional who will be in ...
Wednesday October 8: OSB Daily Technical Analysis- Commodities
October 8th, 2014
OSB Daily Technical Analysis for October 8, 2014 Gold managed to edge higher on Tuesday with an attempt to distance itself from key support area at $1200. Resistance at $1220. Gold likely to bounce higher as it looks for ...
