JPMorgan’s $2 Billion Trading Loss see video Click Here source:http://www.bloomberg.com/video/92426921/
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Troubled Spanish lender Bankia is to be partly nationalised
May 11th, 2012 
admin Bankia, which holds 32bn euros (£25.7bn) in distressed property assets and whose boss has resigned, will have a 4.47bn-euro loan by the Spanish bailout fund converted into shares. The state fund will emerge with a stake in the bank of 45%. Earlier, Spanish stocks fell by 3% and government bond yields rose above 6%, a [...]
The eurozone economy is forecast to shrink this year as its debt crisis continues to bite
May 11th, 2012 admin The European Commission’s spring forecast confirmed its prediction of a 0.3% contraction in 2012 in the economies of the 17 countries that use the euro. It predicted growth of 1.0% for the eurozone in 2013. European Commissioner for Economic and Monetary Affairs Olli Rehn said “a recovery is in sight” for the eurozone. But he [...]
The Spanish government is to force its banks to take on an extra 30bn euros ($39bn; £24bn) of capital to cushion themselves against loans going bad.
May 11th, 2012 admin the Spanish government is to force its banks to take on an extra 30bn euros ($39bn; £24bn) of capital to cushion themselves against loans going bad. The banks will have to raise the money or borrow from the government at an annual interest rate of about 10%. The government said it was determined to take [...]
How to Regain Control Over Your Personal Finances
November 5th, 2011 admin Everywhere I turn, I see tales of financial doom and gloom. The stock market is crashing! The dollar is inflating! Oil is peaking and homes are foreclosing! If you listen to the breathless media, it’s 2008 all over again. Maybe it is, and maybe it isn’t. I don’t know. What I do know is that [...]
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10 Creative Money-Saving Tactics for Small-Business Owners
November 5th, 2011 admin Business owners are always trying to save money. But these days, even small savings can make a big difference to the bottom line. What’s more, there are an increasing number of innovative ways to make a budget go further — if you know how. If you’re seeking new ways to do more with less, consider [...]
Japan is PM promotes forex novice Jun Azumi to Finance Minister
September 2nd, 2011 admin Japan is PM promotes forex novice Jun Azumi to Finance Minister INCOMING Japanese premier Yoshihiko Noda selected parliamentary affairs chief Jun Azumi as his new finance minister today, defying expectations he would pick a seasoned Democratic Party of Japan veteran for the key position. Not much is known about the five-term, 49-year-old former journalist’s stance [...]
Australian retailers take a beating
August 11th, 2011 admin Australian retailers take a beating For all the talk about Australia’s “wonder from down under” economy, the country’s retailers are suffering their worst slump in 20 years. May saw a 0.6% fall in retail sales. Year-on-year, clothing, footwear and personal accessory retailing fell by 2.6%. Blue-riband retailers have spoken bleakly about sales falling of a [...]
Business networking site LinkedIn has reported a 120% rise
August 9th, 2011 admin Business networking site LinkedIn has reported a 120% rise in revenues between April and June in its first results as a publicly-traded company. Revenues hit $121m (£74m). Net profit rose to $4.5m from $4.3m a year ago. In May, LinkedIn became the first major social networking site to go public, looking to cash in on [...]
Australia’s central bank lowers growth forecast as floods hurt economy
August 5th, 2011 admin Australia’s central bank has cut its forecast for growth due to a “slower-than-expected” recovery from floods earlier this year. The Reserve Bank of Australia (RBA) said it expected growth to be 3.25% in 2011, down from its earlier projection of 4.25%. The central bank added that subdued levels of consumer spending were also hurting growth. [...]
