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Markets advance as oil rebounds

February 3rd, 2015 (0)
US markets recorded solid gains on Monday after a choppy trading session as investor sentiment improved with rebounding oil prices. Energy sector shares led the gains. Markets discounted disappointing economic news. The ISM report showed that manufacturing activity slowed ...

Better Late Than Never For Tardy Tax Returns

February 3rd, 2015 (0)
ACCA’s head of taxation, Chas Roy-Chowdhury, gives his advice on what to do if you’ve missed the deadline for self-assessment which was 31 January The deadline for self-assessment may have passed, but for the hundreds of thousands of people ...

Dukascopy: Changes in the swap-free conditions

February 3rd, 2015 (0)
Dukascopy Bank‘s Overnight Policy is aimed at providing highly competitive rollover conditions to its clients in order to underline the Bank’s leadership in the FX industry. Dukascopy Bank applies different rollover rates  to ensure that higDukascopy Bank’s Overnight Policy ...

Google Is Developing Its Own Uber Competitor

February 3rd, 2015 (0)
The two companies are going to war over self-driving taxis. Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and somewell-funded rivals. But the most significant threat to the app-based transportation company may be ...

Investors Pour Record Amount Into European High-Yield Bond Funds

February 3rd, 2015 (0)
Over €1 billion Moved Into European High-Yield Bond Funds in Week Ending Jan. 28. Mario Draghi plans to get Europe’s economy up and running, but he has also sent investors stampeding into riskier corners of the region’s bond market. Investors ...

Asia sags on growth worries, Aussie slides as RBA eases

February 3rd, 2015 (0)
Asian stocks sagged on Tuesday amid ongoing growth concerns, while the Australian dollar plumbed six-year lows after the Reserve Bank of Australia cut interest rates to a record low. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent after the latest batch ...

Statement by Glenn Stevens, RBA Governor: Monetary Policy Decision

February 3rd, 2015 (0)
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.25 per cent, effective 4 February 2015. Growth in the global economy continued at a moderate pace in 2014. China’s growth was ...

Greece finance minister reveals plan to end debt stand-off

February 3rd, 2015 (0)
Greece’s radical new government revealed proposals on Monday for ending the confrontation with its creditors by swapping outstanding debt for new growth-linked bonds, running a permanent budget surplus and targeting wealthy tax-evaders. Yanis Varoufakis, the new finance minister, outlined ...

Potential For Deflation Is Becoming A Big Threat For 2015

February 2nd, 2015 (0)
The fears after 2001 were that the Fed’s easy money policies to pull the economy out of the 2001 recession, followed by even more easing, including the near-zero Fed Funds rate instituted after the 2008 financial meltdown, would result ...

Russian Central Bank Defends Its Independence After Surprise Rate Cut

February 2nd, 2015 (0)
Ruble Slides Lower Against the Dollar The Bank of Russia has defended its independence after Friday’s surprise cut in interest rates raised concerns about the influence of the Kremlin, industrialists and bankers over the central bank’s policy. Amid complaints ...
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