Archives
IoM Signs Global Tax Information Sharing Agreement
November 3rd, 2014
The Isle of Man has signed an historic tax agreement for the automatic exchange of information with tax authorities worldwide. The Isle of Man was one of the countries that committed to being an “early adopter” of the new ...
Yen hits 7-year low vs dollar; Aussie falls after weak China PMI
November 3rd, 2014
The yen fell to a fresh seven-year low against the dollar on Monday, extending a massive sell-off sparked by the Bank of Japan’s surprise decision to boost its already huge bond-buying stimulus. Sellers also took aim at the Australian ...
HSBC sets aside $378 million for FX probe settlement
November 3rd, 2014
HSBC Holdings (HSBA.L) set aside $378 million to pay a potential fine from the UK regulator for alleged manipulation of currency markets, as Europe’s biggest bank reported a 12 percent fall in underlying earnings after costs rose. HSBC on ...
Monday November 3: OSB Daily Technical Analysis- Indices
November 3rd, 2014
OSB Daily Technical Analysis for November 3, 2014 S&P 500 The S&P 500 rallied to a new all-time high on Friday clearing the 2000 area with ease. The index is now in uncharted territory and is likely to correct, ...
Saudi bank IPO 16 times oversubscribed
November 3rd, 2014
A share offer by Saudi Arabia’s National Commercial Bank was 16 times oversubscribed late on Sunday, in what one financial analyst called “the mother of all IPOs.” The initial public offering by the NCB, which was hoping to raise ...
Monday November 3: OSB Daily Technical Analysis- Commodities
November 3rd, 2014
OSB Daily Technical Analysis for November 3, 2014 Gold bears had a field day on Friday as the precious metal fell off a cliff and landed at the $1160 mark only to bounce back and close at $1172. The ...
Monday November 3: OSB Daily Technical Analysis- Currency pairs
November 3rd, 2014
OSB Daily Technical Analysis for November 3, 2014 EUR/USD Break down of the EURUSD on Friday dipping below the 1.25 handle and making new intraday lows. Pair is significantly bearish and a decisive close below 1.25 extends down leg ...
Israeli police arrests Mexican Bitcoin blackmail
November 3rd, 2014
A 34 year old man was arrested at Ben Gurion Airport in Tel Aviv on suspicion he had stolen information during the last few months and demanded Bitcoin worth millions of shekels in order not to disclose information. Cyber ...
Argentina suspends P&G over tax claims
November 3rd, 2014
Argentina has banned the consumer products giant Procter & Gamble (P&G) from doing business in the country, accusing the firm of tax fraud. A statement on the presidential website, published on Sunday, said P&G had inflated the price of ...
Bahrain fund Mumtalakat sets up $1bn bond, sukuk programmes
November 3rd, 2014
Bahraini sovereign fund Mumtalakat has set up separate bond and sukuk issuance programmes in the Irish stock exchange to raise as much as $1 billion, to help refinance maturing debt next year. One of the smaller sovereign wealth funds ...
