Archives
Four More Years Of Pain For Petrobras
October 29th, 2014
Brazil’s incumbent President Dilma Rousseff pulled off a victory on Oct. 26 in a runoff election, and the markets are not too happy about it. As recently as September, President Rousseff was not seen as the preferred candidate. In ...
FINMA reprimands Coop Bank for market abuse
October 29th, 2014
FINMA, the Swiss financial regulator, condemned the Coop Bank for manipulating the market price of its own bearer shares from 2009 to 2013. Its actions constituted a serious violation of supervisory provisions on market manipulation and an infringement of its organisational ...
Alibaba’s share price reaches record high
October 29th, 2014
Shares in Alibaba soared to a record high of $100.45 today, valuing the Chinese etail giant at more than $247bn (£152bn), taking it above US rival Wal-Mart for the first time. Alibaba’s share price rose 2.8 per cent during ...
Wednesday October 29: OSB Daily Technical Analysis- Indices
October 29th, 2014
OSB Daily Technical Analysis for October 29, 2014 S&P 500 rallied managing to close in the 1980 area. Bullish momentum is on the rise and the index is very likely to revisit 2000 level soon. Resistance at 1990 might ...
Deutsche Bank swings to €92m loss on legal costs
October 29th, 2014
Deutsche Bank swung to a loss in the third quarter because of higher legal costs to settle investigations. Germany’s largest lender posted a net loss of €92m ($117m; £72.6m) in the three months to September, compared to a profit ...
Wednesday October 29: OSB Daily Technical Analysis- Commodities
October 29th, 2014
OSB Daily Technical Analysis for October 29, 2014 Gold Positive close for gold which briefly flirted with $1220 support during intraday trading. Gold looks well supported in this area and is likely to bounce around in the $1220-$1235 region ...
Wednesday October 29: OSB Daily Technical Analysis- Currency pairs
October 29th, 2014
OSB Daily Technical Analysis for October 29, 2014 EUR/USD rallied above the 20 DMA on Tuesday finding resistance at 1.2760. Additional resistance above at 1.2780-1.2800. A close above extends to top of recent range at 1.2835-40. Support at 1.2680-90. ...
SEC probing private equity performance figures
October 29th, 2014
The U.S. Securities and Exchange Commission is examining how private equity firms report a key metric of their past performance when they market new funds to investors, as the regulator boosts its scrutiny of the industry, according to people ...
PwC ‘voice of the customer’ on growth strategies for Islamic Banks
October 29th, 2014
Islamic banks may be missing a huge opportunity within the Muslim population due to a perception gap, according to a PwC report What customers want, a voice of the customer survey of GCC banking customers. A perception seems to ...
China can cut 2015 GDP growth target to seven percent
October 29th, 2014
China can cut its economic growth target to 7 percent next year without hurting its labor market, the World Bank said on Wednesday even as it urged Beijing to get rid of rigid growth objectives. At its thrice-yearly review ...
