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Stock futures tick up on earnings, world conflicts eyed
July 23rd, 2014
U.S. stock index futures edged up on Wednesday, boosted by bullish earnings from companies like Microsoft and Boeing, though conflicts in Ukraine and the Gaza Strip weighed on investor confidence. Microsoft (MSFT.O) shares rose 2.4 percent in premarket trading ...
IronFX announces new landmark global office in South Africa
July 23rd, 2014
IronFX Global has announced the opening of a new landmark global office in the Republic of South Africa, which is fully licensed by the Financial Services Board (FSB) as a Financial Services Provider (FSP). IronFX Global (South Africa) Pty ...
Research: Trends & Conclusions
July 23rd, 2014
The insolvency and restructuring business remains slow-moving thanks to the improving economy and low interest rates. Lawyers note increased competition and a fight for the limited work available. But this period may soon be at an end as the ...
Cypriot firm launches legal action against EU over ‘bail-in’
July 23rd, 2014
Cypriot firm Dr K Chrysostomides & Co has filed a lawsuit against the EU on behalf of 51 claimants seeking compensation for losses suffered when Cyprus agreed to a ‘bail-in’ on two Cypriot banks. The case, filed before the ...
Lawyers trained to help deal with transnational cases
July 23rd, 2014
More training will be offered to law firms and lawyers specializing in cross-border lawsuits to expand their presence in an area dominated by foreign competitors, a senior official from the Justice Ministry said. By next year, the All-China Lawyers ...
Boeing profit gets boost from increased deliveries
July 23rd, 2014
Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries. The company’s net income rose to $1.65 billion, or $2.24 per share, in the second quarter ended June 30, from $1.09 ...
Gold Flat As Markets Eye US Housing, Employment Data
July 23rd, 2014
Gold is flat on Wednesday, as the spot price stands at $1307.44 per ounce late the European session. There is just one event on today’s schedule, Crude Oil Inventories. Investors are waiting for new economic data, and on Thursday ...
PepsiCo quarterly profit falls 2 percent
July 23rd, 2014
PepsiCo Inc (PEP.N) reported a 2 percent fall in second-quarter profit as carbonated soft drink volumes declined 2 percent in North America. The company’s net income fell to $1.98 billion, or $1.29 per share, in the 12 weeks ended ...
Seasonally adjusted government deficit almost stable at 2.7% of GDP in the euro area
July 23rd, 2014
In the first quarter of 2014, the seasonally adjusted general government deficit to GDP ratio stood at 2.7% in the euro area (EA18), nearly stable compared with the fourth quarter of 2013 (2.6%). In the EU28, the deficit to ...
More companies everyday begin accepting Bitcoin payments
July 23rd, 2014
More and more companies everyday announce that they will begin accepting Bitcoin payments. Recently, Beepi, a peer-to-peer used auto marketplace based in California, announced that it will begin accepting Bitcoin payments through a partnership with Bitpay. OneStopBrokers
