Search Results for: EU
German industry production slumps as fears mount
October 7th, 2014
German industrial production contracted 4 per cent in August, the biggest decline in over five years and much worse than expected – fuelling fears that even the eurozone’s economic powerhouse is now flirting with a recession. Germany’s economy unexpectedly ...
Tuesday October 7: OSB Daily Technical Analysis- Currency pairs
October 7th, 2014
OSB Daily Technical Analysis for October 7, 2014 EUR/USD Positive start to the week for the EUR/USD. Buyers pushed price into the 1.2650-80 resistance area. A close above might extend upswing towards 1.28. Support below at 1.25. Bearish bias ...
Samsung Electronics heads for annual profit drop
October 7th, 2014
Samsung Electronics Co Ltd (005930.KS) is heading for its first annual earnings drop since 2011 after it revealed its July-September profit would be the lowest in more than three years and said short-term prospects for smartphones were uncertain. The ...
BNP asks other banks for help as dollar clearing ban nears
October 7th, 2014
BNP Paribas has asked the help of at least three banks to clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating ...
U.S. Oil Export ban no longer necessary says Exxon Chief
October 7th, 2014
Rex Tillerson, ExxonMobil’s CEO, says the ban on exports of U.S. crude oil that’s been in effect for decades is no longer necessary and a lifting of regulatory constraints on liquefied natural gas (LNG) would increase America’s energy and ...
Herbalife hires former U.S. regulator to lead compliance team
October 6th, 2014
Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as its chief compliance officer. Herbalife ...
IG Group obtains License for Swiss Banking Business
October 6th, 2014
IG Group Holdings Plc, the U.K. spread-betting firm, is set to start operations in Geneva, close to the private banks it hopes to win as customers. The London-based company chose Geneva partly because many institutional customers it wants to ...
Brent falls below $92 on strong dollar, surplus supply
October 6th, 2014
Brent crude futures fell but held above $92 a barrel on Monday, extending this year’s rout that saw the international benchmark hit a 27-month low in the previous session due to a strong US dollar and ample oil supply. ...
Japanese stocks, dollar shine on upbeat U.S. jobs
October 6th, 2014
The U.S. dollar held near four-year highs against a basket of currencies and Asian shares advanced on Monday, after upbeat U.S. jobs data eased concerns over slower global growth. Tokyo’s Nikkei .N225 jumped 1.3 percent, while Hong Kong shares ...
Foreign banks in Russia turn to rouble bonds
October 6th, 2014
The two biggest foreign banks in Russia have been heavily tapping the rouble bond market to replace funding from their parent companies in Europe as they rush to reduce their exposure to the country. Austria’s Raiffeisen Bank International and ...
