Search Results for: EU
Greithner must deliver S&P documents in $5 billion U.S. fraud lawsuit
September 26th, 2014
On legal news, Timothy Geithner, former U.S. Treasury Secretary, must give Standard & Poor’s documents, basically unedited versions, he used when writing his best-selling memoir, a ruling that could help S&P defend against the government’s $5 billion fraud lawsuit ...
OSB Daily Technical Analysis- Commodities
September 25th, 2014
OSB Daily Technical Analysis for September 25, 2014 Gold closed lower on Wednesday after grinding it out in the $1216-$1226 area. Consolidation day with US$ bullishness weighing against Gold. Bearish outlook remains. Silver Subdued action in Silver on Wednesday ...
OSB Daily Technical Analysis- Commodities
September 24th, 2014
OSB Daily Technical Analysis for September 24, 2014 Gold bounce and attempt to rally towards $1240 resistance on Tuesday. Gold appears to have formed strong support at the $1215 area and is likely to consolidate at these levels. Bearish ...
Tesco-style accounting risks
September 24th, 2014
Tesco Plc’s disclosure of huge accounting mistakes over contracts with its suppliers shocked industry analysts and executives, but not because they didn’t realise the potential for disaster. On the contrary, they assumed that everyone in retailing was fully aware ...
Tax inversion rules affect stocks
September 24th, 2014
The Obama administration’s tougher rules on offshore corporate inversions had an immediate effect Tuesday, pushing down the stock prices of companies considering such moves. But the highly technical changes to the tax code did not appear to go far ...
Japan PMI shows manufacturing picked up in third-quarter
September 24th, 2014
Japan’s manufacturing activity picked up in the third quarter, a survey showed, but economists say they need more information on wages and consumer spending to determine whether the government should raise the sales tax again next year. An improving ...
French court charges UBS with €1.1 bn over tax fraud
September 23rd, 2014
A 1.1-billion-euro payment was imposed to Swiss Bank UBS by a French court by a French court, for allegedly helping rich French clients to hide money in Switzerland. The bank made an appeal in July after charges of tax ...
China to invest $20 billion in India despite territorial dispute
September 23rd, 2014
The leader of the People’s Republic of China Xi Jinping arrived on a visit to India, where he had a meeting with Prime Minister Narendra Modi. During the talks, Modi expressed concerns that the trade imbalance between China and ...
Germany’s Merck To Buy Sigma-Aldrich For $17 Bn
September 23rd, 2014
Drugs and chemicals maker Merck KGaA agreed on Monday (22 September) to acquire US company Sigma-Aldrich for $17 billion in cash to boost its lab supplies business, the biggest takeover in the German group’s history. The deal helps Merck, ...
Mario Draghi: ECB should Become More Active
September 23rd, 2014
Mario Draghi says he won’t sit back and wait for stimulus to reach the economy. The European Central Bank president said a planned asset-purchase program shows that policy makers will steer the size of the institution’s balance sheet to ...
