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US crackdown on tax inversions, AstraZeneca and Shire hit

US crackdown on tax inversions, AstraZeneca and Shire hit

Tue, 23 September 2014

Pharmaceutical companies Shire and AstraZeneca sold off sharply this morning after the US Treasury announced a stricter crackdown against "tax inversion" deals than had been expected. Inversion deals ... [more]

Google must improve search practices or face charges, warns EU chief

Google must improve search practices or face charges, warns EU chief

Tue, 23 September 2014

The European Union's competition chief Joaquin Almunia has warned Google that it must improve its proposal to quell EU worries over its search practices or it could face antitrust charges. Earlier in ... [more]

Afghan President slates US and Pakistan in farewell speech

Afghan President slates US and Pakistan in farewell speech

Tue, 23 September 2014

In an outgoing presidential farewell speech, Hamid Karzai blames Pakistan and the US for meddling in the country's affairs for decades, causing instability and prolonging a war which has claimed count... [more]

US military launches first airstrikes in Syria

US military launches first airstrikes in Syria

Tue, 23 September 2014

The Pentagon confirmed late on Monday evening that the first airstrikes against Islamic State (IS) in Syria have been launched, by both the US and a number of Arab allied states. According to USA Toda... [more]

Eurozone business activity hits 2014 low

Eurozone business activity hits 2014 low

Tue, 23 September 2014

Eurozone business activity grew in September at the lowest rate this year, according to Markit's purchasing managers' index (PMI) on Tuesday. The PMI composite (including activity in both manufacturin... [more]

The cable continues to show signs of weakness

Tue, 23 September 2014

Digital Look technical analysts admitted on Tuesday that they had expected a larger rebound in the cable after Scotland voted "no" on the referendum. "What we are seeing is more volatility than norma... [more]

Support and resistance levels for the main currency pairs

Tue, 23 September 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.2750/1.2995. Euro/Yen: 139,279/141,223. Euro/Pound: 0.78080... [more]

Chinese manufacturing sector PMI rises past forecasts

Tue, 23 September 2014

The preliminary reading for HSBC's Chinese manufacturing sector gauge for the month of September edged higher to a reading of 50.5 from 50.2 in the month before. That reading, which is based on a slig... [more]

US Treasury issues new rules to combat tax inversion

Tue, 23 September 2014

The US Treasury is looking to close an "unfair loophole" that currently allows US companies to avoid taxation by moving their headquarters abroad. On Monday, the US Treasury Department said it was see... [more]

Former oil tycoon challenges Putin's position as Russian President

Mon, 22 September 2014

Mikhail Khodorkovsky, the former oil tycoon who spent 10 years imprisoned at the hands of Russian President Vladimir Putin, reportedly led one of Russia's largest opposition demonstrations ever seen. ... [more]

Islamic State urges supporters to “take violence” against “disbelievers”

Mon, 22 September 2014

Islamic militant group Islamic State has released a blanket call to violence against the citizens of countries planning military action in Iraq. In the new video, titled "Indeed Your Lord Is Ever Watc... [more]

Not even the 'no' vote in Scotland can strengthen cable

Mon, 22 September 2014

Digital Look technical analysts pointed to Friday's candlestick figure in the cable, noting that even though the pair managed to move up in a certain show of strength, it ended the day near the sessio... [more]

The euro moves closer to the $1.2750 technical support

Mon, 22 September 2014

Digital Look technical analysts pointed out on Monday that any upward movement in the euro/dollar appeared to be a "simple case of a rebound". "Ever since the beginning of May, we continue to observe ... [more]

Support and resistance levels for the main currency pairs

Mon, 22 September 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.2753/1.2995. Euro/Yen: 139,28/141,223. Euro/Pound: 0.78080/... [more]

WPP subsidiary acquires Mongolian agency

Fri, 19 September 2014

Advertising, media and communications giant WPP on Friday said its subsidiary Y&R Advertising has acquired Mongolian creative agency MCS Holding LLC. The agency will change its name to Y&R Mongolia an... [more]

Islamic State releases new hostage video of British reporter, John Cantile

Thu, 18 September 2014

Former war reporter, John Cantile, was featured in Islamic State's latest video promising to expose the "truth behind the Islamic State". Cantile was captured by Islamic State in Syria, in November 20... [more]

Take-up on first ECB's TLTROs much lower than expected

Thu, 18 September 2014

The first round of the European Central Bank's (ECB) new four-year loan package was launched on Thursday, as it attempts to revive the stagnant Eurozone economy. According to ECB plans, the funds - de... [more]

Moody's downgrades French sovereign debt rating

Thu, 18 September 2014

Moody's has downgraded its French sovereign debt rating, according to reports published on Thursday. The credit rating agency sent an email to the French government saying it will cut the rating from ... [more]

Credit risks may not be accurately priced in, IMF warns

Thu, 18 September 2014

International financial investors may be underestimating risks, the International Monetyary Fund (IMF) warned overnight in a document prepared in the run-up to this weekend´s meeting of the G-20 finan... [more]

Federal Reserve maintains reference to considerable time

Wed, 17 September 2014

The Federal Open Market Committee (FOMC) continues to believe that it “likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time” a... [more]

Two Fed officials think first rate hike can wait until 2016

Wed, 17 September 2014

The Federal Open Market Committee (FOMC) continues to believe that it “likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time” a... [more]

48 killed by Syrian government air strikes, according to activists

Wed, 17 September 2014

48 people have been killed following government air strikes that bombarded the opposition-held town of Talbiseh, according to a monitoring group on Wednesday. The airstrikes targeted a “terroris... [more]

Poroshenko's new law will not make Ukrainian rebels surrender, officials say

Wed, 17 September 2014

Ukrainian rebels have reportedly said they do not intend on developing a political relationship with the government after the parliament passed a law on Tuesday that will grant “special status&r... [more]

US inflation cools in August, Labor Department reveals

Wed, 17 September 2014

US inflation cooled in August, possibly easing the pressure on the Federal Reserve to raise interest rates. Consumer prices rose by 1.7% year-on-year in August, slowing from the previous month's 2% ga... [more]

Islamic State releases video threatening US troops

Wed, 17 September 2014

Islamic State, also known under the acronyms ISIS and ISIL, have released a short video in response to President Obama’s declaration that he would “degrade and ultimately destroy” th... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Randgold Resources Ltd. 4,333.00 1.59 13:02
Fresnillo 771.50 1.51 13:02
Rio Tinto 3,090.00 1.03 13:02
BHP Billiton 1,739.50 0.52 13:02
Glencore 342.85 0.28 13:02

FTSE 100 Top Fallers

Name Last Chg.% Time
Shire Plc 4,917.00 -5.98 13:02
AstraZeneca 4,331.00 -5.39 13:02
Sainsbury (J) 265.80 -4.66 13:02
Smith & Nephew 1,026.00 -3.93 13:02
Tesco 195.05 -3.92 13:02