Search Results for: EU
Dollar Snaps 3-Day Skid on Gains in Retail Sales; Krone Declines
December 12th, 2014
The dollar snapped a three-day skid after U.S. retail sales climbed the most in eight months, further evidence of a strengthening economy as the Federal Reserve considers its first interest-rate increase since 2006. The greenback gained versus most major ...
Technical Analysis: Currency pairs – Dec 12
December 12th, 2014
Technical Analysis for December 12, 2014 EUR/USD moves downwards to 1.24 level and breaks to 1.237. Currently it is gaining the lower momentum and will keep pushing sideways around 1.24 – 1.25. A break higher than 1.25 will target ...
Barclays among 10 banks fined for abusing research to win deals
December 12th, 2014
TEN GLOBAL banks were fined a total of $43.5m (£27.7m) by US regulator Financial Industry Regulatory Authority (FINRA) yesterday for their attempts to misuse analysts’ research to gain lucrative jobs on Toys R Us’ attempted stock market flotation in 2010. Analysts’ research ...
Oil Extends Drop Below $60 as Producers Tussle for Market Share
December 12th, 2014
Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as ...
Wal-Mart used questionable accounting, sales practices in China: report
December 11th, 2014
Wal-Mart Stores Inc.’s WMT, -0.69% retail business in China has been made to look better than it is, due to “questionable accounting and unauthorized sales practices,” Bloomberg News said in a report that published Wednesday. Citing internal documents and ...
Dollar Gains as Retail Sales Rise Most in 8 Months; Yen Declines
December 11th, 2014
The dollar rose for the first time in four days as a report showed retail sales climbed the most in eight months in November, indicating a strengthening U.S. economic recovery amid sluggish global growth. The greenback gained versus most ...
London FinTech stars join Tech City UK’s Future Fifty scheme as booming digital finance sector steals the spotlight
December 11th, 2014
The capital’s crown as the financial technology epicentre of the world will be reaffirmed today as seven of London’s rising FinTech stars will join the government-backed Future Fifty scheme. TransferWise, Go Cardless and Algomi are among the group of ...
BCC: UK Economy Set For Strong 2015, But Premature Rate Hike ‘Huge Risk’
December 11th, 2014
Britain’s economy still looks on course to expand at a strong pace in 2015, but raising interest rates now would pose a “huge risk” to its recovery, the British Chambers of Commerce (BCC) said on Wednesday. The BCC trimmed its forecasts ...
Thursday December 11: OSB Daily Technical Analysis – Currency pairs
December 11th, 2014
OSB Daily Technical Analysis for December 11, 2014 EURUSD cleared the 20 DMA closing at the peak of the day suggesting further upside. Overhead resistance at 1.2450-75. Clearing this extends to a test of the 1.25 handle. Support beneath ...
Google To Close Its Google News Service In Spain On December 16 In Response To New Law
December 11th, 2014
Google is saying adios to Google News in Spain, after announcing it will close the service down in the country on December 16 in response to the impact of a new law. The company said that incoming legislation in the European country will ...
