Archives
China Said to Probe Alleged Bank of China Money Laundering
July 10th, 2014
China’s central bank and currency regulator are investigating a state media report that alleged Bank of China Ltd. broke rules on transferring money overseas, two government officials familiar with the matter said. The probe focuses on whether Bank of ...
‘Google It’ Becomes ‘Hide It’ After Right to Be Forgotten
July 10th, 2014
“Google it” is synonymous with seeking information. Now Google Inc. (GOOG) is struggling with a new rule: “Hide it.” The world’s biggest search-engine company is grappling with how to apply a European Union court decision that said citizens have ...
Russian central bank, finance ministry agree on banking rules for state firms
July 10th, 2014
Russian state companies, the backbone of the economy, can only have accounts at banks with capital of no less than 10 billion rubles ($296 million) or at those with ties to the government, a senior finance ministry official said ...
Argentina’s Sovereign Bondage
July 10th, 2014
Sovereign debt has been back in the news recently, this time because of a United States Supreme Court ruling concerning Argentine debt. As a result of the ruling, a complicated issue is likely to become even more so. Sovereign ...
US Taxpayers Warn Against Myopic Tax Reform Measures
July 10th, 2014
On July 8, the Taxpayers Protection Alliance (TPA) led a coalition of 13 organizations in sending a letter to the Chairmen and Ranking Members of the House of Representatives Ways and Means Committee and the Senate Finance Committee urging ...
Google to create European venture capital arm
July 10th, 2014
Google is creating a European arm to its venture capital vehicle, as the internet group seeks to tap into the ideas and money being generated by the continent’s emerging start ups. Google Ventures, which has previously focused its investments ...
Technical Analysis USD/CHF disrespects monthly PP and 200-day SMA
July 10th, 2014
Technical Analysis USD/CHF 10/07/2014 Pair’s Outlook The monthly pivot point and 200-day SMA have once again proven to be of no particular interest to the market, as both of them were violated yesterday. Now it is 100-day SMA’s job ...
Technical Analysis USD/JPY probes long-term up-trend
July 10th, 2014
Technical Analysis USD/JPY for July 10, 2014 Pair’s Outlook At the moment USD/JPY is testing the 16-month up-trend, a breach of which will most likely entail a sell-off down to the support line at 101. However, considering that most ...
Ex-CS commodities head turns to bitcoin
July 10th, 2014
A UK-based bitcoin exchange has tapped the former global head of commodities at Credit Suisse to lead its attempt to promote professional trading of the virtual currency. Adam Knight, who has been an angel investor in London since leaving ...
Technical Analysis EUR/USD gains toehold above monthly PP
July 10th, 2014
Technical Analysis EUR/USD July 10, 2014 Pair’s Outlook A group of resistances that gathered around the monthly pivot point at 1.3630 failed to prevent appreciation of the Euro against the U.S. Dollar. The currency now appears to be in ...
