Search Results for: EU
Sprint’s CEO faces mounting challenges to turn company around
November 5th, 2014
When Marcelo Claure took the top job at Sprint Corp (S.N) two months ago, he faced an uphill climb in turning around the No. 3 U.S. cellular provider. On Monday, it became clear quite how steep that road to ...
Wednesday November 5: OSB Daily Technical Analysis – Currency pairs
November 5th, 2014
OSB Daily Technical Analysis for November 5, 2014 EUR/USD broke its four day losing streak on Tuesday and managed to rally above the 1.25 handle finding resistance at the 1.2580 area. Pair looks set to bounce higher from here ...
Former UBS executive found not guilty in U.S. tax cheating trial
November 4th, 2014
A former top banker who headed global wealth management at UBS AG (UBSN.VX) (UBS.N) was found not guilty on Monday on U.S. charges of conspiring with wealthy Americans to hide $20 billion in secret offshore accounts. Raoul Weil, the ...
SEC fines 13 firms over sale of Puerto Rico junk bonds
November 4th, 2014
Units of 13 major Wall Street firms, including JPMorgan and UBS, improperly sold bonds from Puerto Rico’s landmark March junk deal to retail investors who may not have understood the debt’s riskiness, the U.S. Securities and Exchange Commission said ...
Australia’s central bank keeps rates low, consumers encouraged
November 4th, 2014
Australia’s central bank kept interest rates at record lows for a 14th straight policy meeting on Tuesday, saying the stimulus was justified given the outlook for sub par growth even as consumers showed signs of opening their wallets. The ...
Oil slides after Saudi cuts to US prices
November 4th, 2014
Oil prices fell sharply on Tuesday after Saudi Arabia on Monday lowered the price it charges customers in the US in an effort to prop up its share of the American market. West Texas Intermediate fell as much as ...
It’s Currency War! – And Japan Has Fired The First Shot
November 4th, 2014
This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist. In a surprise move on Friday, the Bank of Japan dramatically ...
Turkish food giant Yildiz buys United Biscuits for £2bn
November 4th, 2014
Turkish food and drinks giant Yildiz won the bidding war for United Biscuits yesterday, offering more than £2bn for the firm and beating off stiff competition from Kellogg’s and Burton’s Biscuits. United makes iconic brands including Jaffa Cakes, Twiglets ...
Tuesday November 4: OSB Daily Technical Analysis- Indices
November 4th, 2014
OSB Daily Technical Analysis for November 4, 2014 S&P 500 The S&P 500 made a new high on Monday reaching the 2018 mark only to pull back and end the day effectively unchanged. This suggests that the index has ...
Tuesday November 4: OSB Daily Technical Analysis – Currency pairs
November 4th, 2014
OSB Daily Technical Analysis for November 4, 2014 EUR/USD closed below the 1.25 handle on Monday continuing its downward trajectory. Yesterday’s price action suggests a short term bounce back is imminent at this level however is overall bearish for ...
