With many financial institutions coming under pressure to restructure their businesses in the wake of the last few years of economic turmoil, some firms have looked to separate aspects of their business in order to isolate the potential risks. JP Morgan, however, have announced plans to merge their corporate and investment banking divisions with their…
Originally targeting a share offering of between $16 and $20, Manchester United has been forced to cut down to $14 in advance of today’s historic flotation on the New York Stock Exchange. The Glazer family are eager to float Britain’s largest football club in the US in order to help service the large debts that…
Belgium has interrupted the use of one of its seven nuclear reactors, after suspicion was raised that one of its components might be cracked, according to the local atomic regulator. The Doel 3 reactor, located around 25km north of Antwerp provides around 16 percent of the country’s nuclear energy. The suspected damages aren’t thought to…
A slowdown in industrial output and retail sales has seen China’s economy stumble in the second half of 2012, alarming investors who had hoped the world’s second largest economy would be immune to the troubles affecting the US and Europe. The economy slowed to 7.6 percent for the second quarter of this year, the lowest…
After agreeing a deal between Sudan and South Sudan that aims to open up the oil production of the two countries, the US is hoping that China and Middle Eastern states will help invest up to $3bn to get oil flowing. The deal between the two neighbouring countries will see South Sudan pay a fee…
Forex trading is one of the most rapidly expanding markets in the world of finance and there are many different ways to approach your investment.However, the majority of trading styles can be split into two camps; technical and fundamental analysis. Technical analysis involves in-depth scrutiny of past patterns as those who follow this method believe…
With the financial crisis engulfing the Greek economy, the leaders of the country’s state owned financial institutions might be expected to show solidarity with struggling citizens by keeping their money in the country. However, it has been revealed that the former chief of struggling ATEbank has been transferring his personal savings abroad. Theodore Pantalakis admitted…
The World Bank is about to resume lending to Burma for the first time since 1987. Together with its investment branch the International Finance Corporation and the Asian Development Bank, the World Bank has opened its first offices in the former capital, Rangoon (now Yangon). The ADB has also set up shop in the capital…
As Facebook shares dropped around four percent to a record low on Thursday, Mark Zuckerberg’s fortune took a $423m hit. The 28-year-old is now worth only about $10.2bn, over $400m behind James Goodnight, co-founder of the SAS Institute, and tech’s tenth wealthiest person, according to the Bloomberg Billionaires Index. This Thursday Facebook shares were 47…
Does your business require the use of company-owned vehicles? While you can never recover your entire investment in business cars, vans or trucks, you have ways to ensure that you get the most from them — and the most value when you’re ready to replace them.Lease or buy?Start by asking your accountant whether it makes…
