Archives
European Index Futures Gain as Asia Falls; Nickel Rallies
April 28th, 2014
European equity futures rose while Asian stocks fell, pushing the regional index to an almost two-week low, as investors weighed company earnings, while the Korean won gained. Wheat climbed with nickel amid prospects for additional sanctions against Russia over ...
IMF Worries That Chinese Slowdown Could Damage Sub-Saharan Economies
April 28th, 2014
Africa’s rising economic star is in danger of burning out from even a modest contraction in China’s economy as that country’s demand for natural resources decreases, warns the International Monetary Fund. After a meteoric rise for most of the ...
FCA warning against clone firms
April 25th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that: “ING Bank N.V” is the clone of the EAA authorised firm “ING Bank NV London Branch” “Dirkmartens Brokers” is the clone of ...
CySec: regarding fx financial instruments
April 25th, 2014
The Cyprus Securities and Exchange Commission (CySec), has issued a press release informing the Cyprus Investment Firms (‘the CIFs’) about the following: 1. Concerns have been raised about the lack of harmonisation between the EU Member States on where ...
HMRC error leaves VCTs unable to issue shares
April 25th, 2014
Venture Capital Trusts have been hoarding investor cash after an error from HM Revenue and Customs left the vehicles afraid of issuing new shares. New legislation introduced by the Treasury was intended to prevent VCTs from abusing their tax-efficient ...
S&P Lowers Russia’s Currency Ratings
April 25th, 2014
Standard and Poor’s Financial Services, or S&P, on Friday lowered Russia’s currency ratings, and hinted at the possibility of a further sovereign rating downgrade if the country’s failing creditworthiness, hurt by slowing economic growth and sanctions from the Ukraine ...
What Obama and Abe Didn’t Talk About
April 25th, 2014
As New York Times columnist Paul Krugman recently reminded readers, the dirtiest word an economist can call you is “Japanese.” Swedes must be stewing with regret for giving Krugman that Nobel Prize, after one of his columns likened the ...
UK SMEs are neglected at the critical growth stage, says new report
April 25th, 2014
Old Street Silicon Valley-style business ‘clusters’ vital for growth. Local Enterprise Partnerships not as effective as predecessor, say SMEs Initiatives aimed at helping the UK’s small and medium sized enterprises (SMEs) are failing at the critical growth stage of ...
S&P upgrade Cyprus on better economic performance
April 25th, 2014
Credit rating agency Standard & Poor’s is more upbeat about Cyprus’ public finances following a better-than-expected performance since the country’s financial rescue a year ago. The agency upgraded Cyprus’ rating by one notch to B and said the outlook ...
USD/JPY feels support from 102.20
April 25th, 2014
Pair’s Outlook As it turns out, the support at 102.20, consisting of the weekly PP and 38.2% Fibonacci retracement of the November-December advancement, should be enough to keep the pair afloat. Once USD/JPY stabilises, it will be expected to ...
