Search Results for: Pound
Brent Oil Drops to $100 on Demand Woes
September 3rd, 2014
Brent crude fell to its lowest level in 15 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pressured U.S. oil prices. Oil prices on ...
OSB Daily Technical Analysis – Currency pairs
September 3rd, 2014
OSB Daily Technical Analysis for September 3, 2014 EURUSD had a mixed day on Tuesday only to close at a similar level to the previous day, finding short term support around the 1.3130 area. The pair might be heading ...
HMRC plans to break up multi-billion IT contract
September 1st, 2014
A plan by HMRC to split its multi-billion pound IT contract into smaller parts may worsen the service, the Public and Commercial Services (PCS) Union has said. The Times reported this week that the tax department is planning to ...
Barclays to Sell Retail and Corporate Bank Units to CaixaBank of Spain
September 1st, 2014
Barclays said on Sunday it had agreed to sell its retail and corporate banking business in Spain to CaixaBank for 800 million euros, or $1.05 billion, the latest development in the British bank’s plan to streamline itself by selling ...
A New American Oil Bonanza
August 29th, 2014
The United States now accounts for 10% of the world’s oil production. As it sharply curtails imports from countries like Angola and Nigeria, those producers are then compelled to sell their oil to China and other Asian markets at ...
PwC must face $1 billion lawsuit over MF Global advice
August 28th, 2014
A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion (603 million pounds)lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by ...
Copper in Shanghai Swings Near 4-Week High as Stockpiles Fall
August 25th, 2014
Copper in Shanghai swung between gains and losses near the highest in almost four weeks after stockpiles fell the most since May and before housing data in the U.S., the second-biggest consumer of industrial metals. Stockpiles tracked by the ...
Copper up to Above $3.20 After Strong U.S. Home Sales
August 22nd, 2014
Copper in London rose to a two-week high, heading for the first weekly advance in a month on stronger-than-expected U.S. homes sales and before a speech by Federal Reserve Chair Janet Yellen. The metal for delivery in three months ...
Two Bank of England officials voted August rate rise
August 20th, 2014
Bank of England policymakers broke ranks over interest rates for the first time in three years this month, when two unexpectedly voted to tighten policy and revived speculation about a 2014 rate hike. Former academic Martin Weale and business ...
U.K. Regulator ‘Comfortable’ With Fund Managers Earning Millions
August 20th, 2014
Fund managers are entitled to be paid millions of pounds if they’re delivering high returns for investors, the U.K. markets regulator said, the first sign it won’t seek to impose wage caps on the industry. Regulators around the world ...
