Archives
Hong Kong extends Depositor Protection Scheme
September 16th, 2014
The Hong Kong Monetary Authority (HKMA) and Hong Kong’s Financial Services and the Treasury Bureau (FSTB) have issued a consultation paper on proposed enhancements to Hong Kong’s Deposit Protection Scheme (DPS). The DPS, originally established in 2006, enhancements to ...
OSB Daily Technical Analysis- Currency pairs
September 16th, 2014
OSB Daily Technical Analysis for September 16, 2014 EURUSD attempt to push towards 1.30 level resistance failed with a close lower for the day. Consolidation at these levels as the pair tries to recover some of last weeks ...
Oil hits new 26 month low on China concerns
September 16th, 2014
The price of a barrel of oil slipped to a 26-month low during trading yesterday, hit by signs of a slowdown in China and despite the impact of new sanctions on Russia. Brent crude, the global oil benchmark, saw ...
As Fed meets, markets fixate on 2 words
September 16th, 2014
A two-word change in the Federal Reserve’s post-meeting statement on Wednesday could drive speculation that the Fed will raise interest rates sooner in 2015 than investors expect. Some economists predict policymakers will remove from its statement a long-standing assurance ...
Defeating India’s disastrous food price inflation with trade
September 16th, 2014
Indian economic data in July on industrial growth and inflation was disappointing. Industrial sector growth slowed to 3.4 per cent in June 2014 with the manufacturing sector, the largest component, growing at an anaemic 1.8 per cent. But the ...
Clyde & Co drafted in by RBS shareholders for potential class action
September 16th, 2014
Clyde & Co partner Julian Connerty is advising a group of shareholders planning to sue the Royal Bank of Scotland (RBS) for allegedly forcing small companies out of business through its global restructuring group (GRG). The action group is ...
Senior BNP Paribas energy traders quit; bank denies downsizing
September 16th, 2014
Two senior BNP Paribas energy traders in New York have left, but the Paris-based bank said on Monday it was not downsizing its U.S. commodity and energy businesses. Keith Shoemaker, managing director of North American natural gas trading, and ...
Tesla wins court over direct sales in Massachusetts
September 16th, 2014
Massachusetts’ highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc (TSLA.O) from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships. The state’s Supreme Judicial Court ...
Alibaba raises IPO as demand strengthens
September 16th, 2014
Alibaba Group Holdings has raised its initial public offering to $66 to $68, demonstrating the high demand from investors for the year’s most anticipated debut and potentially the world’s largest-ever IPO. Alibaba has attracted investors willing to buy into ...
CEO of tax specialist cleared of wrongdoing after HMRC climb down
September 15th, 2014
The chief executive and a former director of the tax specialist arm of financial group Montpelier have been cleared of cheating the public revenue of £1m, after HM Revenue and Customs (HMRC) dropped the case against them. Watkin Gittins, ...
