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Asian stocks Mixed after China Trade Data
July 10th, 2014
Asian stocks outside Japan rebounded as China’s trade expanded, while the U.S. oil benchmark-contract slipped toward a record losing streak. European index futures were flat and gold was near a 3 1/2-month high. The MSCI Asia Pacific excluding Japan ...
U.S. Dollar Falls after Lack of Fed Guidance
July 10th, 2014
The dollar fell the most in more than a week as minutes from the Federal Reserve’s last meeting failed to provide additional insight on the pace of interest-rate increases next year. The euro gained for a third day versus ...
Switzerland: Former Banker Is Charged
July 10th, 2014
A Swiss prosecutor brought charges on Wednesday against Rudolf Elmer, a former banker in the Cayman Islands with the Swiss bank Julius Baer, saying he handed over confidential data to WikiLeaks’s founder, Julian Assange, and tried to pass on ...
China’s Trade Data Misses Expectations
July 10th, 2014
China released improved trade data that missed expectations on Thursday, figures that suggest external demand remains weak and domestic recovery fragile, analysts say. The country’s exports rose 7.2 percent from the year ago period, lower than the 10.6 percent ...
Technical Analysis Gold – Returns to Short Term Resistance Around $1330
July 10th, 2014
Technical Analysis Gold for Thursday, July 10, 2014 In recent hours gold has made another attempt to push higher back up toward the resistance area around $1330 before easing off slightly. After pushing higher to a three month high ...
Commerzbank may pay $600 million-$800 million to settle U.S. probe
July 10th, 2014
German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The penalty, previously reported to ...
Technical Analysis Australia 200 – Continues to Retreat Under 5500
July 10th, 2014
Technical Analysis Australia 200 for Thursday, July 10, 2014 The question of whether or not the Australia 200 Index be able to maintain its break through the key resistance level at 5500 was answered a couple of days ago ...
Fed, Confident in Economy, Details End of Bond-Buying Program
July 10th, 2014
The Federal Reserve said on Wednesday that it planned to stop adding to its bond holdings in October, in a sign of its confidence that the economy is gaining strength even as the central bank gradually withdraws its support. ...
IBM to bet $3 billion over five years hoping for breakthrough in chips
July 10th, 2014
IBM announced on Wednesday it will invest $3 billion over the next five years in chip research and development in hopes of finding a game-changing breakthrough that can help revive its slumping hardware unit. IBM announced the plan a ...
Holder won’t meet with BofA CEO as mortgage talks stall
July 10th, 2014
Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its ...
