Search Results for: EU
Britain’s Fraud Office launches probe into Tesco accounting scandal
October 30th, 2014
Britain’s Serious Fraud Office (SFO) has opened a formal criminal investigation into accounting errors at Tesco (TSCO.L), raising the stakes in a scandal that has hammered the reputation of the country’s biggest grocer. Already battling challenges on multiple fronts, ...
Russian Cheese, Anyone? Imports Hard to Replace in Moscow
October 30th, 2014
Nikolai Borisov, the proprietor of three Italian restaurants in Moscow, has been forced to take Gorgonzola cheese and Parma ham off his menus after PresidentVladimir Putin banned some food imports in August. “You can make pizza using Russian cheese, ...
Pimco manager returns after Bill Gross’s departure
October 30th, 2014
Nothing crystallised the controversy over Bill Gross’s management style at Pimco so much as the suggestion that one underling was so unhappy he quit to sell croques monsieur from a food truck. But with the departure of Mr Gross ...
Asia stocks dip, dollar well bid on Fed’s optimistic tone
October 30th, 2014
Asian stocks were mostly lower and the dollar surged to a three-week high versus the yen after the U.S. Federal Reserve ended its massive quantitative easing programme, as expected, but laced its economic assessment with a tinge of hawkishness. ...
Wal-Mart and allies in face-off with Apple Pay over mobile payments
October 30th, 2014
Suddenly it’s Apple versus Wal-Mart in the fight for shoppers’ digital wallets. With the development of a new mobile payment system, a group of retailers led by Wal-Mart Stores (WMT.N) is aiming to upend the $4.5 trillion credit card ...
Businesses, trade to support U.S. third-quarter growth
October 30th, 2014
A robust pace of business spending likely buoyed U.S. economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery. Gross domestic product likely grew at a 3.0 percent annual pace, according ...
Smartphone woes drag Samsung Electronics third-quarter profit to more than three-year low
October 30th, 2014
Samsung Electronics Co Ltd (005930.KS) on Thursday said it would revamp its smartphone line-up to take on competitors in the rapidly growing mid-to-low range segment, after third-quarter earnings set it on course for its worst year since 2011. The ...
Federal Reserve ends bond-buying stimulus
October 30th, 2014
The Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market – a key condition for an eventual interest rate increase. The Fed did reiterate its plan ...
Thursday October 30: OSB Daily Technical Analysis- Currency pairs
October 30th, 2014
OSB Daily Technical Analysis for October 30, 2014 EUR/USD Market sold off after hitting resistance at 1.2770. Price action suggests weakening upside momentum and another down leg in the making. Close at support in the 1.2630-50 area possibly to ...
Barclays Third-Quarter Profit jumps, sets aside FX probe
October 30th, 2014
Barclays Plc (BARC), the U.K.’s second biggest bank by assets, said third-quarter profit unexpectedly rose in the third quarter as the bank set aside 500 million pounds ($799 million) to settle probes into currency markets. Adjusted pretax profit rose ...
