Archives
SANAD issues $10 million loan to AlexBank in Egypt
July 15th, 2014
The SANAD Fund for MSME (SANAD) signed a $10 million senior loan contract with AlexBank. This loan, SANAD’s first in Egypt, will facilitate investment and working capital loans for up to 150 local businesses and enterprises. Wolfgang Reuss, Chairman ...
Yahoo earnings: All eyes on Alibaba
July 15th, 2014
This will not be the quarter Yahoo finally begins showing new signs of life, say analysts. But for investors, it won’t matter, because Tuesday’s earnings announcement is all about Chinese web portal Alibaba. Analysts expect flat earnings and revenue ...
USD/CHF Daily Forecast: July 15
July 15th, 2014
USD/CHF Forecast The USD/CHF was indecisive yesterday. Price attempted to push lower,slipped below 0.8905 but unable to stay consistently below that area so far. The bias remains neutral in nearest term. Important intraday range to be closely watched remains ...
USD/JPY Daily Forecast: July 15
July 15th, 2014
USD/JPY Forecast The USD/JPY had a bullish momentum yesterday and hit 101.63 earlier today. The bias is neutral in nearest term, probably with a little bullish bias especially if price able to make a clear break above 101.60 testing ...
China banks suspend controversial yuan remittance scheme
July 15th, 2014
Major Chinese banks have temporarily suspended a yuan remittance service after a state broadcaster accused the country’s fourth biggest lender Bank of China (BOC) of allowing wealthy Chinese to launder money offshore through the scheme, the Wall Street Journal ...
Asian shares firm, count on Fed’s support
July 15th, 2014
Asian shares rose on Tuesday after Citigroup’s earnings and a fresh round of merger and acquisition activity in the U.S. healthcare industry lifted global share prices. Yet, with elevated stock prices on Wall Street and elsewhere relying substantially on ...
Oil Company Ordered To Halt Illegal Operation Near Fla. Panther Preserve
July 15th, 2014
Environmentalists are claiming victory over the Dan A. Hughes Co., which has been drilling for oil in an area of southwestern Florida next to a protected panther habitat near the Everglades. The company was using a banned technique to ...
Lufthansa says to cut Venezuela flights amid forex dispute
July 15th, 2014
German airline Lufthansa (LHAG.DE) said on Monday it will reduce service to Venezuela by 40 percent starting next month amid an ongoing dispute about repatriation of revenue from ticket sales. Carriers, including American Airlines, Delta and United, have in ...
Ex-Goldman director Rajat Gupta fails to void conviction
July 15th, 2014
Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction. In a brief order, the full 2nd U.S. Circuit Court of Appeals ...
Technology and delegation keys to CFO time management
July 14th, 2014
As the business environment becomes more complex, CFOs’ responsibilities are increasing, making time management a critical factor in job and organisational success. Two strategies in particular are helping CFOs make the most of their time, according to a survey of ...
