Search Results for: EU
IBM to pay Globalfoundries to take chip unit
October 20th, 2014
IBM Corp (IBM.N) said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing, mobile and big data analytics. IBM will pay Globalfoundries $1.5 billion in cash over the next three years ...
Australia 200 – Desperately Trying to Return to Above 5400
October 20th, 2014
Australia 200 for Monday, October 20, 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 ...
Before a Bailout, E.C.B. minutes showed doubts over keeping a Cyprus Bank afloat
October 20th, 2014
As the Cypriot economy reeled from the collapse of its second-largest bank in 2013, the European Central Bank faced a thorny question: Should it keep the institution, Cyprus Popular Bank, alive with short-term loans or pull the plug? By ...
Russia Rating Cut by Moody’s on Sluggish Economic Growth
October 20th, 2014
Russia’s credit rating was cut to the second-lowest investment grade by Moody’s Investors Service, which cited sluggish growth prospects and an erosion of the country’s reserves amid sanctions over Ukraine. Moody’s downgraded the sovereign one level to Baa2 from ...
Companies target baby boomers and the $15tn silver economy
October 20th, 2014
Ford is developing a driving seat that can detect a potential heart attack and bring the car safely to a stop, joining a lengthening list of companies tapping into the world’s growing market of wealthy over-60s. The global spending ...
Volatility unlikely to alter Fed’s Policy Course
October 20th, 2014
The Federal Reserve still plans to wrap up its bond-buying campaign at the end of October and remains likely to raise interest rates in mid-2015, although it now seems less likely to act sooner, analysts say. The Federal Reserve ...
Exante features in RBK
October 20th, 2014
Anatoliy Knyazev, Exante’s CEO and co-founder, discussed the first Bitcoin Fund with RBK – Russian leading news media. Anatoliy was quoted on the journey of the fund as well as speaking about the benefits it brought to its investors. ...
Monday October 20: OSB Daily Technical Analysis- Currency pairs
October 20th, 2014
OSB Daily Technical Analysis for October 20, 2014 EUR/USD sold off and closed below the key 1.28 handle and testing support at the 20 DMA. Support below in the 1.2700 area. Pair likely to consolidate in this range as ...
Coinfloor to launch bitcoin fund and trade in broader range of currencies
October 20th, 2014
Coinfloor, the London-based bitcoin exchange, is opening up to a wider range of currencies, according to the FT. It will also raise money from its investors to launch a bitcoin fund next month, taking the company’s value up to ...
StanChart preparing to close bank accounts of thousands of UAE SMEs
October 20th, 2014
Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement. “We regret to notify you ...
