Search Results for: ELA
Can Investment Save Europe?
August 1st, 2014
Economic growth in Europe remains disappointing. Virtually all European Union members are expected to post higher output in 2014; but, according to the International Monetary Fund’s latest projections, the average growth rate in the eurozone will barely exceed 1%. ...
Simmons enters South Africa with Fasken Martineau alliance
August 1st, 2014
Simmons & Simmons has gained a South African presence by allying with Canadian firm Fasken Martineau’s recently-acquired Johannesburg operation. Fasken Martineau merged with the 76-lawyer Johannesburg-based Bell Dewar in February 2013, which brought in expertise in mining, infrastructure, energy, ...
Danske Bank Reprimanded by FSA for underestimating Risk of Loans
August 1st, 2014
Denmark’s financial regulator reprimanded Danske Bank A/S for underestimating the risk of losses in a part of its retail lending business. Denmark’s biggest lender couldn’t prove a group of consumer debt assets deserved a lower risk weighting than other ...
Microsoft must provide foreign customer’s e-mails
August 1st, 2014
Microsoft Corp must turn over a customer’s emails stored in a data center in Ireland to the US government, a US judge ruled on Thursday in a case that has drawn concern from privacy groups and major technology companies. ...
US Congress To Deny Contracts To Inverters
August 1st, 2014
With pressure growing for the United States Congress to move forward on legislation to halt the flow of “corporate inversions” in the short-term, the Fair Federal Contracts Act has been introduced in both the Senate and the House of ...
Dollar heads for third weekly gain on economic outlook
August 1st, 2014
The dollar headed for a third weekly gain versus the euro, the longest stretch in two months, as signs of a sustained U.S. recovery boost speculation the Federal Reserve is moving toward raising interest rates. The Bloomberg Dollar Spot ...
Canada’s Dollar Touches 7-Week Low on Growth Concern
August 1st, 2014
Canada’s dollar touched the weakest level in almost two months as data showing the economy expanded in May failed to damp concern growth is lagging behind that of the U.S., its largest trading partner. The currency later erased losses ...
Pound Posts Biggest Monthly Decline Since May 2013
August 1st, 2014
The pound posted its biggest monthly decline against the dollar since May 2013 as signs of growth in the U.S. economy boosted expectations for higher Federal Reserve interest rates. Sterling fell to a seven-week low versus the greenback as ...
Technical Analysis Gold – Drops to Six Week Low Near $1280
August 1st, 2014
Technical Analysis Gold for Friday, August 1, 2014 In the last few days gold has been easing lower and placing pressure on the support level at $1300 which eventually gave way resulting in gold falling sharply back down to ...
Brent Oil Steady at $106 on Ample Supply
August 1st, 2014
Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted its worst monthly performance since April 2013. Analysts expect global production to exceed demand this year, ...
