Archives
European Stocks Decline as Technology Shares Retreat
April 7th, 2014
European stocks declined from a six-year high as technology shares tumbled following a selloff in America. U.S. stock-index futures and Asian shares fell. Technology shares lost 1.2 percent, with Iliad SA losing 5.3 percent and Nokia Oyj sliding 2.4 ...
FCA on advisory firms
April 7th, 2014
The Financial Conduct Authority’s (FCA), has issued a press release arguing that too many advisory firms are not being clear with consumers on how much advice costs, the type of service they offer (whether it is restricted and the ...
PwC completes acquisition of Booz & Co
April 7th, 2014
PWC HAS COMPLETED its acquisition of international consultancy business Booz & Co following regulatory and partner approval. Booz & Company is to join PwC and become part of the PwC Network. The consultancy will rebrand to Strategy &, which ...
Beware of ‘cloud’ computing snoopers, law firms warned
April 7th, 2014
Firms planning to rely on ‘cloud’ technology for their IT should be aware of the risk of lawful interception by intelligence agencies, the Law Society warns today. A practice note on cloud computing – in which data is stored ...
Alfa Laval Buys Norwegian Pump Maker Frank Mohn for $2.2 Billion
April 7th, 2014
Alfa Laval AB (ALFA) agreed to buy Norwegian pumpmaker Frank Mohn AS for 13 billion kroner ($2.2 billion) in cash to capture spending in offshore oil and gas drilling. The transaction will add sales of 3.4 billion kroner from ...
Pistorius Defense to Call Pathologist as Murder Trial Resumes
April 7th, 2014
Oscar Pistorius’s lawyers plan to call a forensics expert as their opening defense witness before the Paralympic gold medalist testifies in his murder trial. Jan Botha, a pathologist, may be the first to testify as the defense starts its ...
Stock experts say the bull isn’t dead yet
April 7th, 2014
Wall Street professionals are still optimistic about stocks, despite a very volatile start for the markets this year. The 26 investment strategists surveyed in the past week by CNNMoney have an average year-end target for the S&P 500 of ...
USD/CHF stalls at 0.8918
April 7th, 2014
Pair’s Outlook After USD/CHF had broken the resistance near 0.89 (down-trend line and 2012 lows), the pair seems to have lost its bullish momentum. The monthly R1 and 100-day SMA at 0.8928/24 now act as a ceiling and may ...
USD/JPY pares recent gains
April 7th, 2014
Pair’s Outlook Despite a fairly strong report on Friday the bulls did not manage to push USD/JPY through 104. The pair has already dipped through the support at 103.41/34 and it is currently testing the 100-day SMA. If the ...
GBP/USD inclined to move south
April 7th, 2014
Pair’s Outlook GBP/USD fell below a series of supports during the last five trading days, including the monthly PP and 55-day SMA. Accordingly, given that there are no dense demand zones nearby, the Sterling is expected to carry ceding ...