Tag: Business News
China Forex Cap?
There’s actually a group called the China Everbright Group that says China needs to reduce its excessive foreign exchange reserves. Tang Shuangning is the chairman of the China Everbright Group who also says China should diversify it’s holdings. Taling in astronomical numbers Tang says that 800 billion to 1.3 trillion dollars should be their limit. [...]
Robert Zoellick: New Crisis Warning From World Bank President
Robert Zoellick is the current president of the controversial World Bank, whose lending policies and structural adjustment programs have not always been the best for developing countries. Zoellick told BBC, “The crisis in the Middle East and North Africa underscores how we need to put conclusions from our latest world development report into practice. The [...]
Goldman Sachs Mislead Clients: Senate Panel
Goldman Sachs just got dragged outside and gotten a beat-down by the Senate Permanent Subcommittee on Investigations. This panel is like the “Justice League of America” when it comes to looking into wrong doings of businesses. What the committee found was nothing short of the most heinous financial corruption and lying and underhanded foolishness this [...]
Buffett $5 Billion Preferred Shares To be Sold
One hand washes the other as Goldman Sachs Group Inc is buying back $5 billion of preferred stock from billionaire Warren Buffet. This move puts to an end a costly deal that originally helped keep up the bank during the big fiscal crisis. It’s called a buyback for a good reason. This time it was [...]
Nikkei Share Goes Up After Fall
After Monday’s meteoric drop in stocks in Japan, the Nikkei share average actually rose more than 6 percent in the early trading on Wednesday capturing an estimated half of the losses inflicted on Monday and Tuesday. Details state that the bond market of the 10 year Japanese Government bond futures fell as the market got [...]
Stocks Dive Because Of Japanese Economy Situation
Fears over the result of the disasters in Japan had an impact on stocks Monday, lowering them. As all ten company groups that are the make up of the Standard & Poor’s 500 index fell the growing anxiety could be felt as the global markets kept an eye peeled on the developments in Japan and [...]
