Archives
USD/JPY charges at 200-day SMA
May 23rd, 2014
Pair’s Outlook At the moment USD/JPY is forcing its way through the resistance at 101.80/73, specifically the 200-day SMA. If the attempt is successful, there will be few doubts that the rally is going to make it to the ...
KPMG’s audit discovers Portugese bank irregularities
May 23rd, 2014
An audit by KPMG of Portugese financial giant Espirito Santo International (ESI) has found it is in a “serious financial condition”. In a US regulatory filing by its affiliate Banco Espirito Santo, details are revealed about the parlous financial ...
EU Market Rules, Logitech Probe, Finra Fines: Compliance
May 23rd, 2014
Europe’s capital markets are getting a new foundation. The 28-nation European Union’s top markets regulator yesterday made public more than 800 pages of proposed rules that cover everything from high-frequency trading curbs to transparency requirements for bond markets and ...
Hong Kong court rejects EY’s case that China law protects mainland audit papers
May 23rd, 2014
A Hong Kong court on Friday rejected auditor EY’s contention that Chinese law prohibits the mainland partner of the firm previously known as Ernst & Young from passing on documents related to a former China client. The ruling, the ...
Barclays fined £26m by FCA
May 23rd, 2014
The Financial Conduct Authority (FCA), the Bitish regulatory body, has fined Barclays Bank Plc (Barclays) £26,033,500 for failing to adequately manage conflicts of interest between itself and its customers as well as systems and controls failings, in relation to ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
May 23rd, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority has announced that “Different Choice FBC Ltd” and “Glestimon Management Ltd” have successfully obtained the CySec license for CIF (Cyprus Investment Firms). They are now authorised to operate legally ...
Toyota Recalls 466,000 Vehicles Globally For Spare Tire, Braking Issues
May 23rd, 2014
Toyota Motor Corp said on Thursday it is recalling 466,000 minivans and cars globally, mostly in the United States, for possible faulty brakes and loss of a spare tire. The Japanese automaker said it is recalling about 16,000 Lexus GS ...
Thai stocks decline after martial law
May 23rd, 2014
Thailand’s stock market sank Friday, a day after the country’s military seized power in a bloodless coup. Other Asian stock markets were mostly higher, with Japan boosted by weakness in the yen. Bangkok’s SET index fell more than 2 ...
Apple’s Deal With Dr. Dre’s Beats ‘Is Happening’
May 23rd, 2014
Apple’s alleged multi-million dollar deal with hip-hop mogul Dr. Dre’s (Andre Young’s) Beats Electronics “is happening,” a source told TechCruch Thursday, and the source was able to say this with “70% certainty.” The source also confirmed that Apple is ...
Dollar better bid after data, euro hobbled by rate cut view
May 23rd, 2014
The dollar hovered at one-week highs against the yen and held its ground on the euro early on Friday, having drifted up broadly after promising U.S. housing and factory activity data gave Treasury yields a bit of a lift. ...
