Search Results for: EU
Stocks, oil flounder on growth anxiety, China data little help
October 13th, 2014
Asian stocks stumbled to seven-month lows on Monday, while crude oil prices were pinned near a four-year trough as promising trade numbers out of China failed to cheer a market still worried about faltering global growth. “European equities look ...
U.S. banks ramp up credit card lending but margins may suffer
October 13th, 2014
As traditional Wall Street money makers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses. JPMorgan Chase & Co, (JPM.N) Citigroup Inc (C.N) and other big banks ...
Ruble Risks Betrayal at Home in Nation’s Rush for Dollars
October 13th, 2014
More Russians are beginning to keep their cash in dollars and euros as the ruble tumbles to records amid central bank efforts to maintain control over the pace of the decline. The number of people with foreign-currency holdings rose ...
Australia 200 – Falls to Eight Month Low at 5120
October 13th, 2014
Australia 200 for Monday, October 13, 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 ...
Emerging markets enter slow growth era
October 13th, 2014
Growth in emerging markets is slowing to its lowest ebb since the aftermath of the financial crisis due to a combination of China’s fading dynamism, a sputtering performance in eastern Europe and Latin America’s slowdown. Evidence that emerging economies ...
Modi seeks to revive India’s ‘zombie factories’, not abandon them
October 13th, 2014
The strange tale of British India Corporation is an example of how political patronage and India’s strict labor laws keep publicly owned companies going long after they are insolvent. Now Prime Minister Narendra Modi, who campaigned in this year’s ...
Ireland Considers changes on Corporate Tax
October 13th, 2014
Multinational companies are bracing for their last serving of the “Double Irish.” Ireland is expected on Tuesday to announce changes to its tax code that could eventually close one of the world’s most famous corporate-tax loopholes, dubbed the Double ...
Monday October 13: OSB Daily Technical Analysis- Currency pairs
October 13th, 2014
OSB Daily Technical Analysis for October 13, 2014 EUR/USD decline and test of support at 1.26 handle on Friday with a failure to remain above resistance at 1.2680-90. Pair remains weak and in bearish mode. Retest of 1.25 handle ...
Statoil sells Shah Deniz stake for $2.25 billion to Petronas
October 13th, 2014
Norway’s Statoil (STL.OL) has sold its remaining 15.5 percent stake in the Azeri gas project Shah Deniz to Malaysia’s Petronas for $2.25 billion, the latest in a string of asset sales made to shore up returns to shareholders. ...
Gas Natural of Spain offers to buy Utility in Chile
October 13th, 2014
The company said in a regulatory filing that it was offering $7.93 a share, or $3.3 billion. As part of the offer, it said that shareholders that control 54.19 percent of the company had already agreed to sell their ...
