Stock Hoaxes Live On, With Twitter The Latest

#AceFinanceNews – July.14: Twitter, Inc. (NYSE: TWTR) may have become just the latest stock hoaxes to sucker-in many gullible investors.

The reports that the company had a bid of $31 billion were from a fake website that mirrored the Bloomberg website.

What is interesting is that Twitter shares, even down handily from highs, are very expensive on traditional […]


Ace Worldwide News


BOSNIA: ‘ Renegotiating IMF High Interest Loans with UniCredit Group to save BIH Federation from Collapse ‘

#AceFinanceNews – BOSNIA:July.14: High delegation of UniCredit Group from the Republic of Italy, led by CEO Federico Ghizzoni, has visited the Central Bank of Bosnia and Herzegovina (CBBH).

Representatives of the Italian banking group, in a conversation with CBBH Governor Kemal Kozaric and Vice Governor Radomir Bozic, expressed their satisfaction with the results achieved by the bank in Bosnia and Herzegovina, but emphasized that there is always room for improving cooperation.

Although an official statement from CBBiH does not explicitly mention that, visit by the leadership of one of the largest European banking groups is associated with the possible loans aiming to save the Federation of BiH from financial collapse, Indikator website writes.

Statement reads that the delegation of the bank will hold “a number of meetings with representatives of industry and government in order to examine the potential for further expansion of cooperation.”

To remind, the Prime Minister of FBiH Fadil Novalic said recently that a bank, not wanting to reveal which one, has reserved funds that could compensate the missing money of the IMF. The bank, Novalic said then, offers more favourable terms and lower interest rate compared to the International Monetary Fund.


Ace Worldwide News

#MARKETS FTSE 100 steady with focus on Greek bailout vote

#AceMarketsNews – July.14:LONDON (Reuters) – FTSE 100 edged slightly lower on Tuesday as doubts nagged over whether the Greek parliament would approve a bailout deal.

Prime Minister Alexis Tsipras faces a showdown with rebels in his own party furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a euro zone government.

“Grexit” – a Greek exit from the euro zone – could prove costly to the overall European economy.

“Assuming that Tsipras has the right tools to force the package through the Greek parliament, the other hurdles should be overcome in due course, after a little regional chest thumping,” Deutsche Bank said in a note.

The blue-chip FTSE 100 index was down 0.1 percent at 6,731.25 points. It rose 1 percent on Monday as markets welcomed the initial Greek deal, with banks – highly geared to market declines – leading the relief rally.

The index is down more than 5 percent from a record high of 7,122.74 points hit in April and still 2.5 percent up this year.

Rating changes from Deutsche Bank sent shares in broadcasters in opposite directions. Sky climbed 2.1 percent, making it the biggest FTSE 100 gainer on an upgrade to buy from hold, while shares in ITV dropped 1.4 percent after it was cut to sell.

Among other standouts, Astrazeneca rose 0.4 percent after the U.S. Food and Drug Administration approved its drug, Iressa, as a first-line treatment for a common form of lung cancer. The drug was previously approved for use only in patients who did not respond to chemotherapy.

Sector peer Glaxosmithkline also edged higher after saying it had forged a collaboration with the Francis Crick Institute, making it the first pharmaceutical company to link up with the new biomedical centre based in London.

Among mid-caps, Carillion rose 2.1 percent after the company, which maintains railways, roads and military bases, said it had seen a significant rise in first-half revenue.

On the downside, Johnston Press, publisher of “The Scotsman” and “The Yorkshire Post”, fell 16 percent after a profit warning. Britain’s newspaper industry has been hammered in recent years as readers and advertisers move online.

(Editing by Louise Ireland)

FTSE 100 steady with focus on Greek bailout vote


Ace Worldwide News