Archives
Barclays among 10 banks fined for abusing research to win deals
December 12th, 2014
TEN GLOBAL banks were fined a total of $43.5m (£27.7m) by US regulator Financial Industry Regulatory Authority (FINRA) yesterday for their attempts to misuse analysts’ research to gain lucrative jobs on Toys R Us’ attempted stock market flotation in 2010. Analysts’ research ...
Oil Extends Drop Below $60 as Producers Tussle for Market Share
December 12th, 2014
Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as ...
CySec: acquisition of Administrative Services Providers (ASP) licence
December 11th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firm has successfully obtained the CySec licence to operate as Administrative Services Provider (ASP): Trustmondo Services Limited The company is now authorised ...
Wal-Mart used questionable accounting, sales practices in China: report
December 11th, 2014
Wal-Mart Stores Inc.’s WMT, -0.69% retail business in China has been made to look better than it is, due to “questionable accounting and unauthorized sales practices,” Bloomberg News said in a report that published Wednesday. Citing internal documents and ...
Dollar Gains as Retail Sales Rise Most in 8 Months; Yen Declines
December 11th, 2014
The dollar rose for the first time in four days as a report showed retail sales climbed the most in eight months in November, indicating a strengthening U.S. economic recovery amid sluggish global growth. The greenback gained versus most ...
London FinTech stars join Tech City UK’s Future Fifty scheme as booming digital finance sector steals the spotlight
December 11th, 2014
The capital’s crown as the financial technology epicentre of the world will be reaffirmed today as seven of London’s rising FinTech stars will join the government-backed Future Fifty scheme. TransferWise, Go Cardless and Algomi are among the group of ...
SEC Penalizes Morgan Stanley for Violating Market Access Rule
December 11th, 2014
The Securities and Exchange Commission today penalized Morgan Stanley & Co. LLC for violating the market access rule when it failed to uphold credit limits for a customer firm with a rogue trader who engaged in fraudulent trading of ...
Technical Analysis: Indices – Dec 11
December 11th, 2014
Technical Analysis for December 11, 2014 SPX break 2030 line and went for 2000 level next. A move higher to 2050 will bring SPX to 2075 next and a rebounce is very likely due to the volatility in the ...
Technical Analysis: Commodities – Dec 11
December 11th, 2014
Technical Analysis for December 11, 2014 XAU/USD trapped in a new trading range around 1225 – 1235 for now and made no attempt to break out from this level. Next break higher will target 1250 slowly and next lower ...
Technical Analysis: Currency pairs – Dec 11
December 11th, 2014
Technical Analysis for December 11, 2014 EUR/USD keeps moving higher threatening the bear trend. Currently EUR/USD traded around 1.249 level and keeps moving higher. A break of 1.25 will eventually target 1.26 next and a down movement to 1.245 ...
