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Five Australian banks face class actions on fees
August 12th, 2014
Australian legal firm Maurice Blackburn said on Tuesday it had filed open class actions against five banks over late credit card fees worth hundreds of millions of dollars. The legal proceedings could become one of Australia’s biggest ever class ...
Multinationals Warn Against US Inversion Quick Fixes
August 12th, 2014
The current policy debate on so-called corporate inversions threatens to inadvertently impact all American subsidiaries of foreign multinationals and make the country less attractive for future foreign direct investment (FDI), according to a letter written by the Organization for ...
The Tricks of China’s Trade
August 11th, 2014
Last year, China ostensibly reached another milestone in its meteoric rise, surpassing the United States to become the world’s largest trading country, with its total trade turnover valued at CN¥25.83 trillion ($4.16 trillion). But this achievement is largely illusory ...
Kinder Morgan companies to combine into a $71B move
August 11th, 2014
Kinder Morgan, oil and gas pipeline and storage companies, announced its plans of combining Kinder Morgan Inc., Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners will all combine under the Kinder Morgan Inc. umbrella and ...
Technical Analysis EUR/USD retreats from 1.3350
August 11th, 2014
Technical Analysis EUR/USD for August 11, 2014 Pair’s Outlook The support at 1.3350 proved to be significant last week by keeping the Euro away from 2013 Q4 low. Still, we are likely to see a test of 1.33 before there ...
China loosens monetary policy
August 11th, 2014
China loosened monetary conditions last quarter at the fastest pace in almost two years, a Bloomberg LP gauge showed, testing the waning effectiveness of credit in supporting economic growth. Bloomberg’s new China Monetary Conditions Index — a weighted average ...
Canada, EU Complete Free Trade Agreement Text
August 8th, 2014
Officials have finalized the text of the delayed Comprehensive Economic and Trade Agreement between Canada and the European Union. An agreement in principle was reached in October 2013, but it has since proven difficult to resolve the remaining technical ...
Australia 200 – Drops Sharply Back Into Familiar Trading Range
August 8th, 2014
Australia 200 for Friday, August 8, 2014 After being on quite a roll for several weeks, the Australian 200 Index has fallen sharply over the last week or so returning back to more familiar territory between the 5400 and ...
Technical Analysis AUD/USD – Drops to Two Month Low Near 0.9250
August 8th, 2014
Technical Analysis AUD/USD for Friday, August 8, 2014 In recent hours the AUD/USD is easing back a little after dropping so sharply in the last 24 hours from above 0.9350 down to a two week low at 0.9260. In ...
Are banks looking at a shrunken future?
August 7th, 2014
Amid the hundreds of billions of bad-credit write-downs and the multibillion- dollar settlements with government watchdogs since the 2008 financial collapse, it’s easy to lose sight of what good shape banks are in. The leftover business from the crash ...