Archives
USD/JPY is calm before the storm
April 4th, 2014
Pair’s Outlook The bullish momentum we have been observing this week disappeared as the pair approached a key resistance represented by 104. But there are also fundamental reasons that keep traders from making bets for now, namely NFP. Once ...
European Stocks Advance as Investors Await U.S. Jobs Data
April 4th, 2014
European stocks advanced, posting their longest winning streak since October, before a report that may show the U.S. economy created jobs at a faster pace last month. U.S. index futures and Asian shares were little changed. Mediaset SpA advanced ...
An Old Formula May Overstate U.S. Oil Supplies
April 4th, 2014
Jan Arps is the most influential oilman you’ve never heard of. In 1945, Arps, then a 33-year-old petroleum engineer for British-American Oil Producing Co., published a formula to predict how much crude a well will produce and when it ...
CySec: Acquisition of Licence
April 4th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority has announced that “Emergo Wealth Ltd” has successfully obtained the CySec license. “Emergo Wealth Ltd” is now authorised to operate legally under the supervision of CySec and to ...
Toyota’s Lentz Seeks Fuel Cell Sedan Supply Boost to U.S.
April 4th, 2014
Toyota Motor Corp. (7203)’s North American chief, preparing to sell Camry-sized hydrogen sedans next year, said he’s “bullish” about advances in the company’s fuel cell system and wants more U.S. supply of the Japan-built cars. Toyota, the world’s largest ...
Stock Futures Rise as Dollar Holds Yen Gain Before Data
April 4th, 2014
U.S. and European equity-index futures climbed and the dollar held gains against the yen and euro before a payrolls report. Stocks fluctuated in Asia, wheat slid toward its first loss in five weeks and India’s rupee fell. Contracts on ...
Apple Bulls Bet New Products Will Bring Stock Revival
April 3rd, 2014
Options (AAPL) traders are betting new Apple Inc. products will propel the world’s largest company after it rebounded from the worst monthly loss in a year. Options on the iPhone maker haven’t been this cheap in more than two ...
ASIC takes civil action against Mariner and its directors
April 3rd, 2014
ASIC has started legal action against Mariner Corporation Limited (Mariner) and its current and former directors. ASIC is seeking financial penalties and disqualification orders following the company’s proposed takeover bid for listed financial services company Austock Group Limited (Austock). ...
Audits of Special Purpose Frameworks: Obtaining Substantive Evidence from Engagement Letters
April 3rd, 2014
For some auditors, obtaining engagement letters has become a routine procedure. Copying the letter format from purchased practice aids, making slight modifications to the content and mailing the letter for signature by an entity’s president or board chairman has ...
Parliament brings the audit reform to its final stages
April 3rd, 2014
ACCA (the Association of Chartered Certified Accountants) welcomes the endorsement of the audit package by the European Parliament. Sue Almond, external affairs director at ACCA, says: ‘ACCA congratulates the effort to increase audit quality and re-establish investor confidence in ...
