Search Results for: EC
France vetoes foreign investment
May 15th, 2014
The French government is broadening its authority to intervene when foreign companies want to buy firms the state considers vital, including in the sectors of transport, health and communications. The order released Thursday goes into effect immediately, potentially giving ...
High Court dismisses JR on unfair dismissal cap
May 15th, 2014
The High Court has dismissed a request for a judicial review challenging the newly introduced cap of one year’s salary in compensation for unfair dismissal. The cap came into force on 29 July last year under the Unfair Dismissal ...
ASIC issues penalty fine
May 15th, 2014
The Australian Securities and Investments Commission (ASIC), issued two infringement notices for misleading statements in Product Disclosure Statements (PDS) for two investor funds the company manages as responsible entity for Australian Mutual Holdings Limited (AMH) which must pay $20,400 in ...
Europe grew faster than U.S.
May 15th, 2014
European economic growth was weaker than expected in the first three months of 2014, but still managed to outpace the U.S. for the first time in three years. Gross domestic product across the 18 countries in the eurozone grew ...
Bitcoin’s Intergration to PayPal is under consideration
May 15th, 2014
John Donahoe, CEO of ecommerce giant eBay, said he is actively considering an integration of popular digital currency bitcoin with the company’s payment processing service PayPal. In a Q&A session at the company’s annual shareholder meeting on 13 May, ...
Tax Reform Is Not a Fantasy
May 15th, 2014
U.S. companies are stockpiling a record amount of foreign earned profits abroad, roughly $2.1 trillion. The amount of cash held overseas by U.S. multinationals is up 93 percent since 2008. And Uncle Sam receives a near-zero return on foreign ...
Telefonica-KPN Review Said to Focus on Small Operators
May 15th, 2014
The European Commission’s review of the proposed merger of Telefonica SA (TEF) and Royal KPN NV (KPN)’s German wireless units focuses on bolstering smaller competitors that lease capacity rather than attracting a new network operator, according to people familiar ...
USD/JPY contained by 102.35/10
May 15th, 2014
Pair’s Outlook As suspected, USD/JPY failed to gain a foothold above 102.35/10, which is a necessary condition for the long-term sustainable recovery. But at the same time the currency pair is currently well-supported (mainly by the 200-day SMA and ...
GBP/USD headed towards up-trend support
May 15th, 2014
Pair’s Outlook None of the nearest supports were able to negate the bearish momentum yesterday. Consequently, we are now left only with 1.6736/26 (55-day SMA and up-trend line) that may prevent further sell-off and thus keep GBP/USD within the ...
EUR/USD faces 200-day SMA
May 15th, 2014
Pair’s Outlook After a precipitous decline EUR/USD now finds itself trapped between two strong levels. From above the currency pair is capped by a combination of the up-trend line and 100-day SMA. From below the price is underpinned by ...
