Search Results for: Big Four
Wednesday October 8: OSB Daily Technical Analysis- Indices
October 8th, 2014
OSB Daily Technical Analysis for October 8, 2014 S&P 500 sold off and found support at 1924 with the 20 DMA crossing below the 50 DMA. This is bearish for the index and begs the question: is this a ...
IG Group obtains License for Swiss Banking Business
October 6th, 2014
IG Group Holdings Plc, the U.K. spread-betting firm, is set to start operations in Geneva, close to the private banks it hopes to win as customers. The London-based company chose Geneva partly because many institutional customers it wants to ...
Australia 200 – Enjoys Some Support Around 5250
October 2nd, 2014
Australia 200 for Thursday, October 2, 2014 For all of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 and ...
New Zealand dollar sinks after central bank sells
September 29th, 2014
The New Zealand dollar sank Monday after the central bank disclosed it conducted its biggest sell-off of the currency in seven years to lower an exchange rate that is squeezing exporters. Data released by the Reserve Bank showed it ...
Russian lawmaker drafts bill on Foreign-Asset Freeze
September 26th, 2014
A member of Russia’s ruling party proposed a law that would allow the seizure of foreign states’ assets in the country after the U.S. and its allies targeted President Vladimir Putin’s inner circle including a childhood friend with asset ...
EU may probe Google’s non-search services
September 24th, 2014
European competition authorities may widen an examination of Google to look at non-search services following several complaints, a senior official said yesterday. European Competition Commissioner Joaquin Almunia said that broadening a probe that has already been running for four ...
Tesco in turnoil after profits overstatement
September 23rd, 2014
Tesco, Britain’s biggest retailer and one of its great corporate success stories of the last decade, has been thrown into turmoil after disclosing that it had overstated its first-half profit by £250m. Four senior executives were suspended and shares ...
China Manufacturing Rebounds
September 23rd, 2014
A Chinese manufacturing gauge unexpectedly increased this month, suggesting export demand is helping the economy withstand a property slump. The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was at 50.5, matching the highest estimates in ...
Draghi Loan Plan Missing Estimates Hampers ECB Stimulus
September 19th, 2014
Mario Draghi is facing renewed pressure to implement quantitative easing after banks borrowed less than estimated in the European Central Bank’s first targeted-loan offer. The Frankfurt-based ECB lent 82.6 billion euros ($106.5 billion) to euro-area banks at a fixed ...
China fines GSK $489 mln and jails executives
September 19th, 2014
China has fined British pharmaceuticals giant GlaxoSmithKline Plc GSK.L 3 billion yuan ($488.8 million) for paying out bribes in what is a record penalty for China, state news agency Xinhua said on Friday. A court in Changsha has also ...
