Archives
The world is marching back from globalisation
September 5th, 2014
There is a mood abroad that says history will record that sanctions against Russia marked the start of an epochal retreat from globalisation. The case for calling a halt to business as usual with Moscow is self-evident to anyone ...
Tax Boss Who Took On Pacquiao Chills Asian Bond Market
September 5th, 2014
Philippine inland revenue boss Kim Henares is taking her four-year fight against tax evasion to the capital markets, slowing record corporate bond sales. Henares issued a ruling in January requiring companies to list the names of all investors receiving ...
BP ‘grossly negligent’ in 2010 U.S. spill, fines could be $18 billion
September 5th, 2014
A U.S. judge has decided that BP Plc was “grossly negligent” and “reckless” in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in ...
Promise From European Central Bank Is Also a Gamble
September 5th, 2014
By promising to rev up the printing presses, the European Central Bank has created hope in the markets that Europe may finally start to overcome its economic challenges. Yet the central bank is taking a big gamble in directing ...
Nevada offered $1.25 billion in tax breaks to win Tesla
September 5th, 2014
The tax incentive package assembled by Gov. Brian Sandoval to woo Tesla’s “Gigafactory” battery plant is unprecedented in size and scope for the state of Nevada and is one of the largest in the country. The overall value to ...
Europe Needs A New Source of Oil and Gas, Fast
September 5th, 2014
Summer is over and many Europeans may have to keep warm this coming winter by thinking about their summer holidays while wrapped in blankets, praying for a short winter or for the world to come to its senses. It ...
Australia 200 – Eases Away from Multi Year High Under 5650
September 5th, 2014
Australia 200 for Friday, September 5, 2014 After spending the last week consolidating and trading in a very narrow range right around 5620, the Australian 200 Index has surged higher again to achieve a new multi-year high around 5660, ...
Brent Oil Drifts Below $102 on U.S. Inventories
September 5th, 2014
Oil fell on Thursday, with a surprise rate cut from the European Central Bank boosting the dollar and hitting commodities priced in the U.S. currency. Losses were limited by a drop in crude oil inventories in the United States, ...
Gold Drops Sharply Below $1260 as U.S. Dollar Rallies
September 5th, 2014
Gold prices settled lower on Thursday as brighter prospects for the U.S. economy and the dollar dimmed the metal’s appeal. Bullion got little impetus from the European Central Bank’s dramatic decision to cut three separate interest rates, as well ...
MFSA warns of suspicious Facebook posts
September 5th, 2014
The Malta Financial Services Authority (MFSA) has recently become aware of a number of posts on Facebook that contain offers of loans to the public in Malta of between €1,000 and €500,000 at an annual interest rate of 3%. ...
