Financial & Business updates

your business and financial updates to better equip you.

JP Morgan Chase & Co – When The Fine Is A Crime

JP Morgan Chase & Co – When The Fine Is A Crime

REGULATORS from Britain and American are expected to soon gather behind podiums on either side of the Atlantic and solemnly shake their heads as they announce what is already well known: that JPMorgan Chase lost a vast amount of money—$6.2 billion—in what has become known as the “London whale” trades, which happened during 2012 and […]

Share Button

More

Impact of The Stimulus Package in the New York Stock Exchange & Emerging Markets

Impact of The Stimulus Package in the New York Stock Exchange & Emerging Markets

Shares at record high as Federal Reserve refrains from tapering   The US Federal Reserve has decided to maintain its economic stimulus programme at the current level, despite speculation that it would start scaling it back. US shares jumped after the announcement with all three US indexes closing at record highs. It had been widely […]

Share Button

More

Global Business Impact of Syria’s Crisis

Global Business Impact of Syria’s Crisis

India has an important stake in stability and peace in Syria, given its oil interests in that country. A democratic regime would reduce Iran’s influence and facilitate peace with Israel. Syria’s regime, led by Mr Bashar al-Assad, is battling a growing crisis, precipitated by its use of force against unarmed protesters. Sops such as the […]

Share Button

More

Partnership of The Two Giants in An Unsettled Egypt

Partnership of The Two Giants in An Unsettled Egypt

China’s Sinopec and Houston-based Apache announced a long-term partnership Thursday, continuing a trend of U.S. firms selling foreign assets to focus on the domestic oil boom. The deal involves Sinopec paying $3.1 billion for a 33% stake in Apache’s Egyptian operations, which produce about 100,000 barrels of oil day. Apache said the sale had nothing […]

Share Button

More

Africa so Rich and yet some very Poor

Africa so Rich and yet some very Poor

In a century experiencing huge technological advancements and globalisation Africa is still struggling against poverty, wars, corruption, in a word, against underdevelopment. Responsibility for all these resides on national governments and on the International Community. (Africa files). The idea that Africa is a continent with plenty of natural resources is unarguable. Yet people in Africa […]

Share Button

More

The US 7.8% unemployment rate Decline, A Plus or a Minus for Obama’s upcoming Re-election Campaign?

The US 7.8% unemployment rate Decline, A Plus or a Minus for Obama’s upcoming Re-election Campaign?

Jobless rate declines to 7.8%. U.S. unemployment rate fell to 7.8% in September 2012 from 8.1% in August – its lowest rate since January 2009 when President Barack Obama took office – figures from the Department of Labor show. To help bolster recovery in the flagging economy, the Federal Reserves last month launched a third […]

Share Button

More

World Economy!

World Economy!

Output expansion in the world’s 20 largest economy stalled in Q2 Output expansion in the world’s 20 largest economy – G20 – stalled in Q2 2012. GDP growth in the economies of the 20 biggest contributors to global output increased by 3% in the three months ending June compared with 3.2% in Q1 2012, a […]

Share Button

More

A Conflict of Litigation with the Two Giants

A Conflict of Litigation with the Two Giants

After a year of scorched-earth litigation, a jury decided Friday that Samsung ripped off the innovative technology used by Apple to create its revolutionary iPhone and iPad. The jury ordered Samsung to pay Apple $1.05 billion. An appeal is expected. Apple Inc. filed its patent infringement lawsuit in April 2011 and engaged legions of the […]

Share Button

More

The Sunmmit Surprises!

The Sunmmit Surprises!

After 18 disappointing Summits, Europe leaders finally agreed to what seems like a lasting solution to the long debated debt crisis in the 17-member bloc. In doing this, ailing banks would be recapitalized with funds intended to bail out indebted governments – a move to “break the vicious circle” of bank bailouts, piling debt on […]

Share Button

More

Moody’s Goes Downgrade on the Big Cows

Moody’s Goes Downgrade on the Big Cows

Moody’s downgrades big banks Fifteen global banks suffered credit rating downgrades on concerns over ability to repay debts following significant exposure to volatility in world’s financial markets, a Moody’s Investor Service Report shows. Amongst banks downgraded were Royal Bank of Scotland, Barclays and HSBC. The Bank of America, Goldman Sachs, Morgan Stanley and Citigroup were […]

Share Button

More

Spiritual Consultant


UA-24470018-1