Search Results for: ICE
Fixing Finance: Work in Process
March 28th, 2014
Despite the enormous costs that have been wrung out of finance department operations, CFOs have plenty of reasons to push for more process improvement. The cost of finance at the typical large company has plummeted. According to the American ...
Reserve Bank issues LVR exemption for construction
March 28th, 2014
The Reserve Bank of New Zealand has published revised rules that exempt construction loans from the Loan-to-Value Ratio (LVR) ‘speed limit’ introduced last October. The exemption for construction loans was announced on 10 December last year and is backdated ...
EUR/USD slips below 1.38
March 28th, 2014
Pair’s Outlook Regardless of the weekly and monthly technical indicators that remain bullish, EUR/USD plunged beneath the support at 1.38. The Euro is currently testing the 55-day SMA at 1.3730, but this level is also reinforced by the 100-day ...
USD/JPY is now in downtrend from 102.68
March 28th, 2014
USD/JPY is now in downtrend from 102.68. Deeper decline to test 101.20 support would likely be seen, a breakdown below this level will confirm that the longer term downtrend from 103.76 has resumed, then the following downward movement could ...
FSA: Guidelines for Supervision of Financial Market Infrastructures
March 27th, 2014
The Financial Services Agency (FSA), the Japanese regulatory authority, has issued a series of Comprehensive Guidelines for Supervision of Financial Market Infrastructures, as part of the efforts toward “better regulation”. The Guidelines can be downloaded here. Source: FSA
Mehjoo case gives firms greater certainty
March 27th, 2014
THE LONG-RUNNING dispute between midlands firm Harben Barker and former client Hossein Mehjoo had threatened to have major, unwelcome, ramifications for the profession. That the whole unedifying episode is over is a source of some succour. As for where ...
Deloitte’s Balfour Beatty audit tenure to be tested
March 27th, 2014
DELOITTE’S tenure as auditor of Balfour Beatty is under risk, as the FTSE 250 builder will begin a tender process next year. In the builder’s annual report, released today, it has outlined its decision to begin the audit tender ...
IMF throws Ukraine financial lifeline, Russian economy to slump
March 27th, 2014
Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia’s annexation of Crimea, as Moscow’s economy minister spoke of the cost of military action in its former Soviet neighbor. The International Monetary Fund ...
Italians Join Greeks Selling Bank Stock to Once-Wary Investors
March 27th, 2014
Eight Italian banks are preparing to sell at least 8 billion euros ($11 billion) of stock to shore up their balance sheets, as nations shunned during the sovereign-debt crisis return to favor with investors. Leading the pack is Banca ...
European Stocks Fall After Two-Day Rally; H&M, RBS Drop
March 27th, 2014
European shares fell, halting a two-day rally, on concern that the crisis in Ukraine may escalate. U.S. stock-index futures and Asian shares rose. Hennes & Mauritz AB fell 2.9 percent after reporting quarterly profit that missed analysts’ estimates. Royal ...
