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Technical Analysis Gold – Drops to Six Week Low Near $1280

August 1st, 2014 (0)
Technical Analysis Gold for Friday, August 1, 2014 In the last few days gold has been easing lower and placing pressure on the support level at $1300 which eventually gave way resulting in gold falling sharply back down to ...

Technical Analysis Australia 200 – Falls Sharply from Six Year High

August 1st, 2014 (0)
Technical Analysis Australia 200 for Friday, August 1, 2014 After being on quite a roll for several weeks, the Australian 200 Index has fallen sharply over the last few days returning back to below the 5550 level in the ...

Technical Analysis AUD/USD – Desperately Clinging to 0.9300

August 1st, 2014 (0)
Technical Analysis AUD/USD for Friday, August 1, 2014 The Australian dollar is presently trying to cling onto the 0.93 level after its sharp over the last few days which saw it move from above 0.9400 down to a seven ...

Virginia Governor facing corruption trial

August 1st, 2014 (0)
Gov. Bob McDonnell of Virginia and his wife, Maureen, engaged in a corruption trial, described on Thursday a private meeting at which he and Mr. McDonnell had discussed ways to secretly transfer $50,000 to the governor. The witness, Jonnie ...

Aussie legal market sees slight rise in confidence but pay rises limited

August 1st, 2014 (0)
A slight rise in business confidence and commercial activity in Australia looks set to thaw out pay freezes and potentially help stem the flow of partner exits that were the mark of the 2013/14 financial year. A study from ...

Microsoft Probe Fuels China Uncertainty

July 31st, 2014 (0)
It’s hard to keep a straight face as China accuses Microsoft of “monopolistic behavior” and raids its offices in Beijing, Shanghai and elsewhere. What, that cartel known as the Communist Party suddenly has a problem with large organizations that ...

CFTC Says Flexibility essential to Oversee Cross-Border Swaps

July 31st, 2014 (0)
U.S. regulators need flexibility in overseeing cross-border swaps, a lawyer for the Commodity Futures Trading Commission told a federal judge as he defended the agency’s reliance on guidance rather than formal rules in a lawsuit brought by Wall Street’s ...

Alibaba in Talks to Invest in Snapchat

July 31st, 2014 (2)
Snapchat Inc. has held preliminary talks with Chinese e-commerce giant Alibaba Group Holdings Ltd. to raise a new round of financing that could value the mobile-messaging startup at about $10 billion, according to people familiar with the matter. The ...

European Shares Swing Amid Earnings as Euro, Oil Retreat

July 31st, 2014 (0)
Europe’s benchmark equity index fluctuated amid mixed earnings, while the euro traded near a nine month low versus the dollar. Banco Espirito Santo SA shares were suspended after it said it will need to raise funds while emerging-market stocks ...

Banco Espírito Santo reports a loss of €3.6 Billion

July 31st, 2014 (0)
Banco Espírito Santo on Wednesday reported a first-half loss of €3.58 billion (or $4.8 billion), the largest ever for a Portuguese institution, wiping out the bank’s €2.1 billion capital cushion and forcing it to raise new funding. The loss ...
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