Archive for the ‘Finance News’ Category

Trading Results!

No Comments » | Posted by Barry Ernst
Sep 15 2014

As mentioned the only market I would be trading today was Crude oil. We had 1 trade and it was a nice winner. A great week on the CL. We will be back at it trading on Monday with the December contract.

CL 9-12 +10+14 = +240.00

+240.00 Trading the Crude oil

Here is a quick update illustrating the results over the last 4 weeks using the NQTrader our automated trading strategy. Were currently offering a 30 day trial for only $198.00 which would have more than paid for itself over the last week since its release!

Take a look at these results trading only an hour morning session (9:34-10:25 am EDT time) and an afternoon session (2:00-3:00 pm EDT time) each day. Out of the 18 trading days, we came back in the afternoon for only 9 of them. If you would like to see a copy of the daily trades, please email me and I will send them over to you.

August 18-22 +$330.00 August 25-29 +$625.00 September 1-5 +$310.00 Only a 4 day trading week with Labor day September 8-11 +$640.00

Total = +$1905.00

As you can see, the results have been incredible and the simplicity of setting it up is amazing! You could have paid for the entire annual license in the last 4 weeks trading only 3 contracts. Even if youre new and dont know where to begin, we will send you step by step instructions from downloading the NinjaTrader platform to installing your data feed, to choosing a recommended broker. You can be up and running in no time!

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QLDC backs Wanaka’s Gigatown Bid

No Comments » | Posted by Joseph Carr-Boyd
Sep 14 2014

The whole of the Queenstown Lakes District should throw its weight behind Wanakas bid to become New Zealands first Gigatown, Mayor Vanessa van Uden said today.QLDC backs Wanakas Gigatown Bid
The whole of the Queenstown Lakes District should throw its weight behind Wanaka’s bid to become New Zealand’s first “Gigatown”, Mayor Vanessa van Uden said today.

Wanaka has been confirmed as one of the five communities that will battle it out in the competition for the fastest internet in the Southern Hemisphere, with a 1 gigabit internet connection.

“Wanaka ran a very successful campaign in round one; it led almost the whole time and is a terrific example of what a motivated community can achieve when everyone pulls together for a common goal,” Mayor van Uden said.

If Wanaka wins the final competition and becomes Gigatown, there will be economic benefits for the whole district’s community.

“I’ll be encouraging all Council staff to get behind the campaign, and hope that our example will motivate others in the community to do the same,” Mayor van Uden said.

It’s easy to support #GigatownWanaka. Signing up on the Gigatown website and selecting Wanaka as your town. You can continue to g

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Mortgages you can fix for 30 years expected ‘within months’

No Comments » | Posted by Joseph Carr-Boyd
Sep 10 2014


Lenders could introduce 30-year fixed-rate mortgages in the next few months, according to experts, offering millions of borrowers the chance to lock in their rate for the length of the loan.

Long-term mortgage funding has become cheap for lenders on the wholesale markets. Experts expect the launch of fixed deals that run for up to 30 years, with reduced early repayment charges to attract borrowers.

Ray Boulger, of broker John Charcol, said that while these products had not been popular in the past, it was more viable than ever for lenders to offer longer-term fixes.

“There is every likelihood that we will see some lenders offering 20, 25 or 30-year deals by the end of the year,” he said.

Long-term fixes are common in other countries but have never taken off in Britain because they were expensive for lenders to offer and lumbered borrowers with heavy early repayment penalties. These are usually a percentage of the loan and can run as high as 6pc.

The longest deals available today are 10-year fixes, although two and five-year deals are the most popular.

The pricing of fixed-rate mortgages depends mainly on whether banks can access cheap money to lend. They usually get it by borrowing from other banks on wholesale money markets, buying money at a certain rate – the “swap” rate – for a certain period of time. These swap rates react to expectations of future interest rates.


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Ad watch – NatWest’s 0%uch ad is dangerously misleading

No Comments » | Posted by Mark Edwards
Sep 09 2014

The semi-publicly owned bank has funded a huge ad campaign to declare to people the danger of 0% cards. From full page newspaper ads to viral videos, its trying to persuade people its stance is in their favour. So I wanted to bash out a quick blog to put that to the test.

Its newspaper ad screams out at you…

“No to 0% credit card deals because they have rates that jump up and sting you once the rates end”.

It then goes on to promote its deals

“We offer credit cards with no sting in the tail. Theyre fair. Theyre transparent.”

And it even has a propaganda video:

So lets compare NatWests self-vaunted fair offering with what the nasty, boo-hiss 0% stingy cards are offering.

What the NatWest credit cards offers

Its big deal is its NatWest Clear Rate card, a simple low rate card of 6.9% annual interest on all balance transfers and purchases. All sounds nice but as its ads are very concerned about stings in the tail, I thought I should warn you of, yes you guessed it, a couple of stings in the tail.

  • Theres a £24 annual fee. This is thankfully a rarity for mainstream non-rewards credit cards. Incorporate this into its interest rate and its 11.1% representative APR.
  • You may be accepted but pay a higher rate. As NatWest is campaigning for transparency, lets be very clear. Th

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Safe hands in the air – and in the surf

No Comments » | Posted by Jacob ONeill
Sep 05 2014

Safe hands in the air and in the surf Media statement For immediate release 9 September 2014Safe hands in the air and in the surf
Media statement
For immediate release
9 September 2014

Many 24-year-olds dream of spending all day at the beach. For Gisborne surf lifesaver Connor O’Loughlin, this is his reality as he completes his training for the Life Saving World Championships in Montpellier, France.

Connor trains 10 times a week to achieve his ambition of taking gold in the Beach Flags competition at the world championships later this month, an event in which he has been largely undefeated nationally.

There are not many jobs which allow the time for that sort of commitment outside of the workplace, and Connor says his choice of a career as an air traffic controller is a perfect fit for his drive and dedication to reach his goal.

“I’ve worked for Airways for a couple of years and it’s perfect for me. It would be almost impossible to do the level of training I need if I was working a normal working week, so in that respect it’s great,” he says.

“There are also some real synergies between the drive needed to get me training at the level I am, and the intensive training and focus needed on the job,” says Connor.

Hadley Cave is Chief Controller at Gisborne Tower. He says that th

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Links Jan 16

No Comments » | Posted by Kiara Withers
Sep 05 2014

The time is now: European Parliament to vote on the Anti-Money Laundering Directive Eurodad
See also: Member states split on proposed transparency for trusts legislation IFC Review / European Voice

Finance lobbies OECD for flexibility in tax regulation The Sydney Morning Herald

Israel: PM’s Office: No wrongdoing in Netanyahu’s offshore bank account The Jerusalem Post
“Netanyahu used tax haven while overseeing agency responsible for reducing use of such accounts by Israelis.See also: Netanyahu held tax haven bank account Globes

Greece: Offshore Companies and Huge Bank Accounts for Golden Dawn’s Members Greek Reporter

Australia’s going for the foxes in charge of the henhouse approach to corporate tax collection Tax Research UK

Head of Swiss financial regulator steps down swissinfo
… to be succeeded by former UBS senior executive who testified before the U.S Senate on the bank’s role in aiding US tax evaders, and headed the Japanese securities unit involved in Libor rate rigging.

Switzerland probing banker who is helping U.S. tax investigations Politico
“The Swiss contend they’re merely upholding their privacy laws, but some say the investigation sends a message to bankers: Keep quiet or else.”

Even U.S. Banks Must Aid IRS Hunt For Offshore Accounts Forbes
Reciprocity seen as critical to implementing FATCA. See also: US Court Dismisses Challenge To IRS Reporting Rule Tax-News, and US banks’ challenge to tax info exchange fails Compass Cayman

Indian High Court Pressed On Vodafone Transfer Pricing Case Tax-News,

Latest update: Release Of Offshore Records Draws Worldwide Response ICIJ

Argentina to clamp down on taxpayers with undeclared assets in Panama STEP
See Spanish language version here.

Argentina Imposes Withholding Tax On Exports Tax-News
Measures adopted by the Argentinian government to tackle transfer pricing abuse

Mexico scrutinizes multinationals for tax evasion Thomson Reuters

Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries IMF

Finland: President critiques corporate tax evasion, public sector growth Yle

Canada: Tax Evasion Hotline Offers Bounty For Cheaters Huffington Post

Analysts divided on impact of Qianhai-BVI move on Hong Kong South China Morning Post

An eye-opening message about the culture of denial in the tax industry David Quentin’s tax & law blog

Double taxation agreements – one-sided profit? TJN Germany Blog (In German)

Taxing the Behemoths TaxProf

U.S.: Obamacare Website Fixer Has Thing for Tax Havens Bloomberg

New York Times Letter to the Editor: End the Corporate Tax? Citizens for Tax Justice
See also our recent blog Time to abolish the corporate tax? Part 2: Only fools or shills would agree

Cayman: Tempura lawyer reinstated Cayman News Service
Latest twist in the corruption case highlighting alleged misgovernance between Britain and its offshore financial centres

An indictment of financial crime enforcement Thomson Reuters

Beanie Babies creator Ty Warner won’t serve prison time for tax evasion CNN

Bernie Ecclestone ‘will face criminal charges’ as position at head of Formula One comes under serious threat The Telegraph

Mo Farah Applies to Become Tax Exile from the UK Runner’s World

Revenue scouring Facebook and Twitter for tax cheats Irish Independent