Independent Investor

UK unprepared for upcoming fundamental changes to financial reporting standards shows recent survey.
A survey of the Ernst & Young shows that most of the finance executives in the United Kingdom are not ready yet for the major changes in the international standards for financial reporting. This is after the announcements of the UK financial staff that they will be introducing new standards in financial reports, which will surely affect various aspects of different businesses. Its impact is targeted to affect the procurement, corporate transactions as well as covenants and even …

The euro fell to a year-and-a-half low on Friday, with analysts expecting an even further fall over the remainder of Q1 following the decision by Standard and Poor’s to downgrade the ratings of nine Eurozone countries over persistent concerns over the strength of the single currency and ongoing pressures on significant economies including Greece.
The euro has been subject to weak trading, falling to its lowest level against the dollar in a year and a half in light of the impact of S&P’s decision to downgrade French debt, in addition to …

The US trade deficit increased by over 10.4% in November as a result of record imports fuelled by strong demand for foreign manufactured goods and the high cost of importing oil after another year of strong oil prices, marking the first growth in the trade gap in five months.
The US trade deficit increased in November by 10.4%, the first growth in the deficit in five months as a consequence of higher imports and import costs and weaker exports on previous months.
According to US Commerce Department figures, the trade deficit grew …

Futures traders have benefited from further rising prices in the orange juice futures market, which some analysts have forecast will lead to higher prices for consumers´, amidst concerns over the integrity of several key orange crops globally which it is feared could lead to a supply shortage.
Concern over the impact of persistent drought on Mexico’s pending orange crop has sent the orange juice futures market rallying up over 3.6% last week, providing an opportunity for commodities traders to capitalize on forecast supply-side issues.
Orange juice futures for March closed up to …

The Swiss stock exchange was plagued by technical issues on Friday morning, leading to a delay in access to some of the most commonly traded markets of up to 3 hours- the latest in a series of technical glitches, giving rise to calls for more robust trading infrastructure across the industry as a response to growing trade volumes.

Trading on the SIX Swiss Exchange was subject to a lengthy delay on Friday morning, following a significant technical issue which affected trading across some of the country’s largest companies and most …