Archives
Scammers posing as IRS agents extort $5 million
September 4th, 2014
Callers posing as Internal Revenue Service (IRS) agents have stolen $80,000 from Arizona residents since January in a nationwide scam that continues to grow both in volume and in threat. Federal authorities said Wednesday that as many as 1,100 ...
Which European countries would be hardest hit by a Russian gas embargo?
September 4th, 2014
With relations between Europe and Russia at their worst point since the fall of the Berlin wall, the Institute of Energy Economics (EWI) has taken it upon itself to examine what would happen to various European nations if Russia ...
Joe Hockey announces new move against multinational tax evaders
September 4th, 2014
Multinational companies who seek to avoid Australian tax but also charge disproportionately higher prices here are in the sights of a new crackdown. Joe Hockey has told parliament the Commissioner of Taxation has been asked to “double his efforts” ...
OSB Daily Technical Analysis – Commodities
September 4th, 2014
OSB Daily Technical Analysis for September 4, 2014 Gold traded in the 1260 area on Wednesday ending the day on a positive note after the previous days large losses. A move above 1275 and back within the recent range ...
Apple’s drop below $100 costs investors $26.1 billion
September 4th, 2014
Following news of the latest security attack of Apple’s iCloud service over the weekend and news of a smartphone partnership between Samsung and Facebook (FB), Apple’s AAPL shares were under major pressure. Shares of Apple Wednesday fell $4.36, or ...
OSB Daily Technical Analysis – Currency pairs
September 4th, 2014
OSB Daily Technical Analysis for September 4, 2014 EUR/USD found support close to the 1.3120 area following the hammer candle of the previous day which suggested a short term bottom and reversal from recent lows. This up-swing is likely ...
Citi to pay $217,841 to settle OFAC violation liabilities
September 4th, 2014
Citigroup Inc (C.N) has agreed to remit $217,841 to settle potential civil liability for apparently violating multiple sanctions programs of the Office of Foreign Assets Control (OFAC), the U.S. Department of Treasury said on Wednesday. Citi Penang, the bank’s ...
Commerzbank near to settling U.S. sanctions probes
September 4th, 2014
German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The bank is expected to pay about $650 million to resolve ...
Russian stocks rise following ceasefire announcement
September 3rd, 2014
Russian stocks have risen to their highest level in three months following the announcement of a ceasefire agreement with Ukraine. The main Micex index gained 2.6%, while Russian gas giant Gazprom saw its highest jump since June, rising 3.3%. ...
EU regulators fine Infineon, Samsung, Philips 138 million euros
September 3rd, 2014
European Union antitrust regulators fined Philips, Samsung Electronics and Infineon Technologies a total of 138 million euros ($181.28 million) on Wednesday for fixing prices of chips used in mobile SIM cards. The European Commission, which raided the companies in ...