Asian Equities Lower on Growth Woes
October 23rd, 2014
European and Asian stock markets ground lower on Thursday, worries over banks and corporate results again darkening the mood despite a surprisingly upbeat survey of Germany’s manufacturing and service sectors. U.S. stocks were on course to open a touch ...
Dr. George Theocharides
October 23rd, 2014
George Theocharides is an Associate Professor of Finance at Cyprus International Institute of Management (CIIM) in Nicosia, Cyprus. He is also the Programme Director of the MSc in Financial Services and Certificate in Financial Services. He joined the school ...
Credit Suisse Profit More Than Doubles as Trading Rises
October 23rd, 2014
Credit Suisse Group AG (CSGN), Switzerland’s second-biggest bank, reported an increase in third-quarter profit driven by a surge in revenue at the investment bank, while earnings in other businesses fell. The group’s net income jumped to 1.03 billion Swiss ...
FMA warns consumers about cold-calling investment offers and ‘big win’ scams
October 23rd, 2014
The Financial Markets Authority (FMA) is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms. The FMA is receiving an increasing number of complaints about ...
Thursday October 23: OSB Daily Technical Analysis- Currency pairs
October 23rd, 2014
OSB Daily Technical Analysis for October 23, 2014 EUR/USD sold off closing below the 1.2650 support area suggesting further downside and a test of the 1.26 handle. A close below extends to bottom of the current range at in ...
Stocks fall as S&P 500 breaks 4-day winning streak
October 23rd, 2014
Dow drops 153 points and falls back into the red for the year. Stocks fell Wednesday, pushing the Dow Jones industrial average back into the red for the year and breaking the S&P 500’s four-day winning streak. The market ...
The Digital Currency Dilemma: Anonymity vs. Privacy (Op-Ed)
October 22nd, 2014
First Global Credit’s CEO Gavin Smith comments on digital currency exchange Bitstamp’s policy change and the issue of anonymity in the digital currency markets. This week Bitcoin Exchange, Bitstamp, fulfilled a promised policy change of handing over to the ...
Bank of Canada maintains overnight rate target at 1 per cent
October 22nd, 2014
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Inflation in ...
How Wall Street Is Killing Big Oil
October 22nd, 2014
Lee Raymond, the famously pugnacious oilman who led ExxonMobil between 1999 and 2005, liked to tell Wall Street analysts that covering the company would be boring. “You’ll just have to live with outstanding, consistent financial and operating performance,” he ...
Asian shares bask in glow of U.S. tech earnings
October 22nd, 2014
Asian shares rose on Wednesday as upbeat results from two U.S. technology bellwethers and hopes of fresh stimulus from the European Central Bank offset concerns about the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside ...
