Archives
Technical Analysis EUR/USD to stay beneath 1.35
August 4th, 2014
Technical Analysis EUR/USD for August 4, 2014 Pair’s Outlook Although the U.S. Dollar weakened because of the Friday’s data, none of the significant resistances have been broken, meaning the downward trend is likely persist nonetheless. Moreover, most of the ...
Tokyo Police to launch Investigation into Missing Mt. Gox Bitcoin
August 4th, 2014
The Tokyo Metropolitan Police Department has launched an official investigation into possible illicit activity surrounding the closure of Japan-based bitcoin exchange Mt. Gox. The news comes roughly five months after the bitcoin exchange reported it lost roughly 744,400 BTC ...
SEC Seeks $1.41 Billion from Wyly Brothers For Fraud
August 4th, 2014
The Securities and Exchange Commission is seeking damages totaling $1.41 billion from Texas tycoon Sam Wyly and the estate of his late brother Charles for their role in a plan to conceal trades in companies they controlled by using ...
Russian Carrier to Suspend Flights due to European sanctions
August 4th, 2014
Sanctions imposed on Russia by the European Union have led the Russian state carrier Aeroflot to suspend all flights according to its announcement on Sunday. The sanctions, announced on Tuesday, said the subsidiary, Dobrolet, “facilitates the integration of the ...
Asian shares pressured by Wall Street, geopolitical tensions
August 4th, 2014
Fears of further declines on Wall Street pressured Asian shares on Monday, as concerns over geopolitical tensions and Argentina’s debt default eclipsed U.S. data that argued against an earlier start to the Federal Reserve’s rate-tightening cycle. Japan’s Nikkei average ...
Portugal will finance $6.6 billion to rescue Banco Espirito Santo
August 4th, 2014
It was a few months ago that Lisbon has exited an international bailout and now Portugal is planning to spend 4.9 billion euros in order to rescue Banco Espirito Santo its largest listed bank. The situation is definitely putting ...
Corporation tax and CGT
August 1st, 2014
Summarize of the key measures in Finance Act 2014, Andrew Goodall sets out the main corporation tax and capital gains tax provisions in part one of the act. Corporation tax Rates Finance Act 2013 fixed the main rate for ...
HMRC: Tax avoiders have opportunity to settle their issues
August 1st, 2014
Around 16,000 tax avoiders are to be given the chance to settle their outstanding liabilities with HM Revenue & Customs, the department has confirmed. On average, each of the users of the contractor loan schemes covered by this settlement ...
P&G shares rise as profit beats estimates
August 1st, 2014
Procter & Gamble reported Friday a $11.6 billion profit for the fiscal year ended June 30 – up 3 percent from the same time last year. Sales rose 1 percent to $83.1 billion. Earnings beat analyst expectations, but sales ...
Week in FX Asia – BOJ Defends Inaction Strong USD Provides Breathing Room
August 1st, 2014
BOJ Defends Its Assessment of the Japanese Economy Bank of Japan Governor Haruhiko Kuroda defended the bank’s positive assessment of the economy on Friday. Data release out of Japan have been weak and prompted an assurance from the BOJ ...
