Archives
Bank Earnings Give Stocks a Boost
July 15th, 2014
A better-than-expected earnings report from Citigroup C +3.02% helped kick-start a rally in stocks, lifting market indexes nearly back to levels seen before last week’s swoon. Many investors remain optimistic about the outlook for stocks broadly, amid improving U.S. ...
Technical Analysis EUR/USD faces tough resistance
July 15th, 2014
Technical Analysis EUR/USD for July 15, 2014 Pair’s Outlook EUR/USD continues to trade beneath the resistance at 1.3643/23, represented by 55-day SMA, monthly PP and two-month down-trend. Accordingly, the currency pair is expected to move down in the short ...
Technical Analysis GBP/USD approaches 2009 peak
July 15th, 2014
Technical Analysis GBP/USD for July 15, 2014 Pair’s Outlook The Cable is coming off the recent highs, seeking support that could help restore the lost bullish momentum. The nearest such level is 1.7094/81—weekly S1 and 20-day SMA, but we ...
Oil halts slide on renewed turmoil in Libya
July 15th, 2014
The price of oil paused Tuesday after tumbling last week as a deteriorating security situation in Libya raised questions over the restoration of exports following an agreement between the government and a regional militia. Prices fell sharply last week ...
Asian shares higher as earnings lift Wall Street
July 15th, 2014
Asian stocks markets were mostly higher Tuesday, fortified by Wall Street’s growing optimism over U.S. corporate earnings and hopes for encouraging economic data in China. China, the world’s No. 2 economy, is due to report its second quarter GDP ...
Draghi Says Banks Shouldn’t Count on Another Carry Trade
July 15th, 2014
Banks shouldn’t count on a fresh round of European Central Bank cash to trade sovereign debt and reap big profits, Mario Draghi said. “The convenience to use the ECB cheap money to buy government bonds is much less” than ...
‘Myopic management’ threatens UK’s growth
July 15th, 2014
The UK is suffering from “myopic management” that threatens its global competitiveness, an independent commission has warned. The country will need 1m new managers by 2020, to replace those retiring and allow for business growth, but 71 per cent ...
Bitcoin Protected, VeriCoin Stolen in Latest Exchange Breach
July 15th, 2014
Digital currency exchange platform MintPal has suffered a successful hack attack that resulted in the loss millions of vericoins from its hot wallet. The 13th July attack targeted a vulnerability in the site’s withdrawal system. The hacker, according to ...
Microsoft is expected to cut jobs during this week
July 15th, 2014
Microsoft Corp. (MSFT:US) is planning its biggest round of job cuts in five years, as the software maker looks to slim down and integrate Nokia Oyj’s handset unit, people with knowledge of the company’s plans said. The reductions — ...
QFC Authority revises rules to offer tax relief
July 15th, 2014
This move follows amendments to tax rules and regulations, the Authority said Monday in a media statement. The tax updates will help Qatari-owned entities investing in Qatar by allowing them to opt for the zero tax rate on their ...
