Search Results for: EU
Friday October 24: OSB Daily Technical Analysis- Currency pairs
October 24th, 2014
OSB Daily Technical Analysis for October 24, 2014 EUR/USD closed essentially unchanged on Thursday forming a hammer. This market does not currently have the strength to push higher. Resistance at 1.28 is strong and any push above is likely ...
Three major nations absent as China launches World Bank rival in Asia
October 24th, 2014
Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China’s $50 billion Asian Infrastructure Investment Bank ...
73 Swiss banks ask U.S. to revise proposed tax amnesty deals
October 24th, 2014
Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by U.S. authorities wrote a letter to the U.S. Department of Justice raising questions over a dozen demands, including the banks’ cooperation with other nations. In the letter ...
Credit Suisse CEO says sees no material issues in forex probe
October 23rd, 2014
Credit Suisse (CSGN.VX) does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank’s chief executive said on Thursday. Around 15 authorities around the world, including Switzerland’s, are investigating allegations ...
Asian Equities Lower on Growth Woes
October 23rd, 2014
European and Asian stock markets ground lower on Thursday, worries over banks and corporate results again darkening the mood despite a surprisingly upbeat survey of Germany’s manufacturing and service sectors. U.S. stocks were on course to open a touch ...
Australia 200 – Eases Away in Reaching for Key 5400 Level
October 23rd, 2014
Australia 200 for Thursday, October 23, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...
Skill set needed to make Cyprus a Strong Fund Jurisdiction
October 23rd, 2014
Despite the current financial crisis and recession that we are experiencing, one industry that stands out, is resilient, and is growing is the Financial Services. Despite the reputational damage that we suffered following the events of March 2013, many ...
HSH targeted by US distressed debt investors
October 23rd, 2014
A group of US hedge funds is discussing plans to persuade German public sector bank HSH Nordbank to restructure its debt as European stress tests raise concerns about the continent’s weakest lenders. The distressed debt investors include at least ...
New indicative FX rate methodology from the Moscow Exchange
October 23rd, 2014
The new version of the Indicative FX rate methodology approved by the Moscow Exchange Supervisory Board on 17 October, has come into force from October 22, 2014. The new methodology provides for two new indicative exchange rates: USD/CAD, and USD/TRY. Furthermore, ...
Credit Suisse Profit More Than Doubles as Trading Rises
October 23rd, 2014
Credit Suisse Group AG (CSGN), Switzerland’s second-biggest bank, reported an increase in third-quarter profit driven by a surge in revenue at the investment bank, while earnings in other businesses fell. The group’s net income jumped to 1.03 billion Swiss ...
