Search Results for: EC
Unemployment rate steady in April for Australia
May 8th, 2014
The unemployment rate has held steady in April against expectations of a rise, according to data from the Australian Bureau of Statistics. The total number of jobs in Australia rose by 14,200 to a seasonally adjusted 11.573 million in ...
Bank of England: rate at 0.50%, QE steady at £375B
May 8th, 2014
The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 ...
US drought gives mixed grain outlook
May 8th, 2014
Grain markets are split between the drought-hit wheat areas of the USA and the far better-looking crops of Europe. US wheat futures have risen to their highest for more than a year, but European markets struggled to follow, rising ...
German industrial production falls in March
May 8th, 2014
German industrial production dropped 0.5 percent in March, a retreat that has raised some concerns over the outlook for Europe’s largest economy in light of the tensions in Ukraine and a slowdown in China. The Economy Ministry said Thursday ...
IASB agrees charter of mutual co-operation with accounting standard-setting community
May 8th, 2014
The International Accounting Standards Board (IASB) today published an updated Charter establishing key principles of co-operation between the IASB and national standard-setters and other accounting standard-setting bodies, represented by the International Forum of Accounting Standard Setters (IFASS). The principles ...
USD/JPY underpinned by 200-day SMA
May 8th, 2014
Pair’s Outlook As many of the supports have already given up, it is now 200-day SMA’s task to revive a bullish momentum of USD/JPY. For now the moving average seems to be successful at keeping the exchange rate afloat. ...
GBP/USD confirms tough resistance at 1.70
May 8th, 2014
Pair’s Outlook Judging by the currency pair’s behaviour near 1.70 yesterday, the resistance created by the 2009 highs and monthly R1 will be difficult to breach. But if the Pound continues to appreciate despite this supply area, the next ...
EUR/USD turned around ahead of up-trend resistance
May 8th, 2014
Pair’s Outlook After approaching the up-trend resistance line and monthly R1 level at 1.3958, EUR/USD turned around and closed beneath the weekly R1. Nevertheless, most of the technical indicators are pointing north, implying that the bulls are going to ...
Vodafone seeks arbitration in India tax dispute
May 8th, 2014
Vodafone has sought international arbitration to resolve its tax dispute with the Indian government. It relates to Vodafone’s 2007 takeover of Hong Kong-based Hutchison Whampoa’s Indian mobile unit for $11bn (£6.5bn). Indian authorities have said the firm owes nearly ...
Territory confrontations escalate among China, Vietnam and the Philippines
May 8th, 2014
Tensions escalated in the South China Sea region this week after China, Vietnam and the Philippines were involved in a series of potentially explosive confrontations over disputed territory. Vietnamese officials say Chinese military and civilian ships have been intimidating ...
