Search Results for: US
FASB proposes simpler accounting for fees paid to cloud service providers
August 21st, 2014
FASB on Tuesday issued a proposal designed to simplify the accounting for fees that public and private companies pay as customers in cloud-computing arrangements with third-party service providers. Rules exist under current GAAP addressing the accounting for cloud service ...
Futures edge higher ahead of Jackson Hole meeting, data
August 21st, 2014
U.S. stock index futures edged higher on Thursday, ahead of a flurry of economic data and the start of the meeting of top central bankers and economists in Jackson Hole, Wyoming. Policymakers are due to discuss the labor markets ...
Free Money for Germany is Bad News for Euro
August 21st, 2014
When investors are willing to lend money to Germany for two years for free, at a zero interest rate, you know the euro project is in trouble again. Germany yesterday sold 4.04 billion euros ($5.3 billion) of notes that ...
FCA warns investors against clone firms
August 21st, 2014
Financial Conduct Authority (FCA), the British regulator has issued a warning against “AMT Markets” (www.amt-markets.co.uk) and “Euromax Finance Limited” (www.eurofinance.com) informing the investors that the two companies are the clones of the original ones. AMT Markets is the clone ...
U.S. regulators step up warnings to banks for poor risk-spotting
August 21st, 2014
U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms’ poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with ...
Why Bitcoin won’t be the money of the future – but cryptocurrencies might be
August 21st, 2014
Proponents of Bitcoin like to suggest that it will be the money of the future. Critics point to its price volatility, evidence of a Bitcoin bubble and other problems. With the price of Bitcoin having just fallen below $500 ...
Asian Stocks Fall After HSBC China Manufacturing Drops
August 21st, 2014
Asian stocks outside Japan fell for the first time in nine days after a private gauge of Chinese manufacturing dropped more than economists forecast. The MSCI Asia Pacific excluding Japan Index slid 0.8 percent to 509.13 as of 2:23 ...
ECB bank audit to cover consultants in cash
August 21st, 2014
The European Central Bank and eight national regulators, including the eurozone’s five largest economies, will spend up to €487.7m on fees to external advisers for the comprehensive assessment, a screening of the region’s 128 biggest lenders. Policy makers hope ...
Macy’s settles racial profiling allegations from shoppers
August 21st, 2014
Macy’s is to pay $650,000 (£390,000) to settle claims it racially profiled and detained ethnic minority shoppers at its flagship Manhattan shop. Under a deal with New York’s attorney-general Macy’s agreed to a series of changes at its 42 ...
OSB Daily Technical Analysis
August 21st, 2014
OSB Daily Technical Analysis for August 21, 2014 EUR/USD – bears took over the day and pushed the EUR/USD beneath the 1.33 level without much difficulty. The break below this level indicates that this market is likely to continue ...
