Search Results for: EC
German regulator BaFin finds currency manipulation evidence
May 21st, 2014
BaFin, the German regulator, said it had found concrete evidence that traders attempted to manipulate the global currency market, making it the first financial watchdog to confirm that suspicions of wrongdoing have clear grounds. Raimund Röseler, the head of ...
China’s Lenovo sees 29% jump in full year net profit
May 21st, 2014
The world’s biggest personal computer maker has reported a 29% jump in full-year earnings while at the same time extending its position as market leader in the PC industry. Lenovo earned a record $817m (£485m) in net profit for ...
China bans Windows 8 from government computers
May 21st, 2014
Government ties the decision to security concerns, though it’s unclear what will replace the still-widely-used Windows XP. The Chinese government has officially banned Windows 8 from use on all government computers, reports out of the country claim. The Xinhua ...
USD/CHF Daily Outlook
May 21st, 2014
Intraday bias in USD/CHF remains neutral with focus on 0.8952 resistance. Decisive break there will complete a double bottom (0.8698, 0.8702) and will indicate trend reversal. In such case, stronger rise should be seen to 0.9156 resistance for confirmation. ...
USD/JPY Daily Outlook
May 21st, 2014
Intraday bias in USD/JPY remains neutral for some consolidations above 101.09 temporary low. Upside of consolidation should be limited below 102.36 resistance and bring fall resumption. Whole decline is 105.41 is likely resuming and below 101.09 will target 100.75 ...
EUR/USD sandwiches between monthly S1 and 200-day SMA
May 21st, 2014
Pair’s Outlook The currency pair remains completely motionless, even though the daily and especially monthly technical indicators imply elevated volatility in the exchange rate. For EUR/USD to return to being active it has to breach either the monthly S1 ...
ASIC bans former Sydney trader
May 20th, 2014
The Australian Securities and Investments Commission (ASIC) has banned Jeremy Kaviraj Nambiar, of St Ives, New South Wales, from providing financial services for eight years after an ASIC investigation found he created a series of fictitious trading entries and ...
Eastern dryness mars strong Australia crop outlook
May 20th, 2014
Dryness in eastern Australia is marring otherwise favourable prospects for US growers, and posing an “increasing risk” to a recovery in cattle prices, RuralCo said, as the farm services group unveiled a return to the black. The grain trading-to-farm ...
Solicitor struck off after bribery conviction
May 20th, 2014
A solicitor has been struck off following his conviction for bribery charges in the US. The Solicitors Disciplinary Tribunal (SDT) struck off Jeffrey Tesler last week (Tuesday 13 May). The SDT heard that Mr Tesler was jailed for 21 ...
Bunzl is leaving KPMG
May 20th, 2014
FTSE 100 outsourcer changes auditors after first tender in 28 years BUNZL has said that PwC will replace its long term auditors KPMG after the FTSE 100 outsourcing group conducted its first audit tender in 28 years. In its ...
