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OSB Daily Technical Analysis

August 20th, 2014 (0)
OSB Daily Technical Analysis for August 20, 2014 EUR/USD – bearish short and medium term with more weakness and sharp sell-off barely holding the 1.33 support level. A close below this level might trigger additional selling with next support ...

Lawmakers threaten Ex-Im Bank subpoena in oversight rebuff

August 20th, 2014 (0)
Top members of the House of Representatives Financial Services panel are threatening to subpoena the U.S. Export-Bank over the bank’s refusal to make three employees available for questioning as Congress considers whether to renew the bank’s charter. Chairman Jeb ...

Citigroup considers sale of Japan retail unit

August 20th, 2014 (0)
Citigroup Inc is considering the sale of its Japanese retail unit and has approached about 10 banks, according to a source, as the U.S. banking company struggles to turn around its Japanese operations. Citigroup’s move came as Japan’s banking ...

U.S. Stocks Up on Ukraine Talks

August 19th, 2014 (0)
U.S. stocks rose, with the Nasdaq Composite Index climbing to a 14-year high, as tensions eased over global conflicts. Dollar General Corp. rallied on merger activity. Ukrainian Foreign Minister Pavlo Klimkin met his Russian counterpart Sergei Lavrov for more ...

Tax Burden in U.S. Not as Heavy as It Looks, Report Says

August 19th, 2014 (0)
For years, chief executives have complained bitterly about the United States corporate tax code, arguing that it is too complicated and that rates are too high. The issue has reached a near boiling point this summer as many large ...

Expo Milano 2015 Tax Breaks Announced

August 18th, 2014 (0)
In advance of the next Universal Exposition, which will be held from May 1 to October 31, 2015, in Milan, the Italian Revenue Agency has issued details of favorable tax treatment for Expo Milano 2015 participants. Within an agreement ...

European Stocks Rise as Ukraine Concern Eases

August 18th, 2014 (0)
European stocks advanced, after equities climbed the most in more than a month last week, as Ukraine and Russia met for talks. U.S. index futures rose, while Asian shares were little changed. United Internet AG added 3.3 percent as ...

U.S. Investment Outflow Hits Record

August 18th, 2014 (0)
The U.S. posted a record cross-border investment outflow in June as China and Japan reduced their holdings of Treasuries and private investors abroad sold bonds and notes. “Right at the beginning of June, you had a very strong sell-off ...

Mercedes violates anti-monopoly law in China

August 18th, 2014 (0)
China’s government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry. Regulators found the luxury unit of Germany’s ...

Federated Investors sees S&P 500 at 2,500 in two years

August 18th, 2014 (0)
The S&P 500 could hit 2,500 within the next 18 months to two years, according to Barron’s report on Sunday, citing its interview with Stephen Auth, chief investment officer, equities at Federated Investors. A robust U.S. economy growing at ...
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