Archives
China Stocks Drop to Three-Week Low on IPO Concern; Vanke Gains
April 24th, 2014
China’s stocks fell to a three-week low, led by technology and small-company shares, on concern new equity sales will divert funds. Property developers rose after Anbang Life Insurance Co. raised its stake in Gemdale Corp. (600383) Risen Energy Co., ...
Anglo Irish Liquidator Seeks to Sell $19 Billion in Loans
April 24th, 2014
Irish Bank Resolution Corp., formed to complete the liquidation of Anglo Irish Bank Corp., asked a U.S. bankruptcy judge to approve the sale of loans with nominal balances totaling more than $19 billion. The proposed purchasers of the U.S. ...
Obama Says U.S. Ready to Move on Russia Sanctions
April 24th, 2014
President Barack Obama said the U.S. and its allies have additional sanctions against Russia ready to go as the crisis in Ukraine escalated with Ukrainian security forces moving against pro-Russian separatists. Russia has yet to act in the spirit ...
Japan Ship Firm Mitsui OSK Lines Pays $39 million To China After Seizure: Media
April 24th, 2014
Update, 10 p.m.: A Chinese court said on Thursday that it has released a ship owned by Japanese shipping firm Mitsui OSK Lines Ltd., which had been seized in a contract dispute, after the Japanese firm paid up. China’s ...
Insolvencies rocket amid mounting misery for firms
April 24th, 2014
SCOTTISH corporate insolvencies in the latest full quarter were up 70.6% on the same period of last year, official figures have revealed, and one leading expert predicted the number of failures could climb higher still. The figures, published yesterday ...
Japanese Panel Looks For Gradual Corporate Tax Cuts
April 24th, 2014
An early cut in the country’s high corporate tax rate is to be recommended by the study group that was established by the Japanese Government’s Tax Commission to look at corporate tax reform. The study group has recommended that ...
Delinquent IRS employees paid bonuses by the agency
April 23rd, 2014
The IRS was in damage control mode Tuesday after an audit revealed that it paid bonuses to employees who were in trouble over tax issues themselves. More than $2.8 million, plus thousands of hours of paid time-off, were doled ...
USD/JPY bounced off 102.82/72
April 23rd, 2014
Pair’s Outlook The currency pair is currently retreating from the resistance zone consisting of the monthly PP and 100-day SMA. The immediate support is represented by the 20 and 55-day SMAs, but USD/JPY is likely to decline deeper, to ...
Toyota Beats General Motors And Volkswagen In Q1 Sales to Retain Title Of Top-Selling Car Manufacturer
April 23rd, 2014
Toyota Motor Corp. (TYO:7203) sold more cars than any other global car maker in the first quarter of 2014 to retain the title of the world’s top-selling car manufacturer. The Japanese automaker said Wednesday that it sold 2.583 million ...
The First National Bank of Facebook
April 23rd, 2014
The company that rebranded the word “friend” may soon take up a more ambitious makeover: the word “bank.” Facebook Inc. is on the verge of winning approval from Ireland’s central bank to allow its users to store and exchange ...
