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News & Updates

January 20, 2015 Enter Goldman Sachs as Irish Tell Banks It’s Payback Time

Source: Bloomberg

The government last week hired Goldman Sachs Group Inc. (GS) to advise on how to recoup Allied Irish Banks Plc (ALBK)’s 21 billion-euro ($24 billion) bailout as part of a strategy that could help push Ireland’s debt back below...

January 20, 2015 New app to trace suspicious remittance transactions through text messages

interaksyon.com - Burgos and Canonizado started to build 247 RemitPlusâ newest anti-crime computer application immediately after analyzing the separate reports of the îUnited Nationsî Office on Drugs and Crime...

January 20, 2015 Bank Losses From Swiss Currency Surprise Seen Mounting

Source: Bloomberg

The $400 million of cumulative losses that Citigroup Inc. (C), Deutsche Bank AG and Barclays Plc (BARC) are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in...

January 20, 2015 China’s growth slowed to 24-year low in 2014

Source: Fortune

The shift in China’s model becomes apparent as services contribute more to growth than manufacturing. China announced today its annual growth rate slipped to 7.4% in 2014, the lowest figure in 24 years and the first time the...

January 19, 2015 Judge Puts BP's Top Fine at $13.7 Billion for Gulf Oil Disaster; U.S. Sought $18 Billion

Source: Bloomberg

BP Plc (BP/) faces a maximum fine of $13.7 billion after a U.S. judge ruled that the company dumped 3.2 million barrels of oil into the Gulf of Mexico in 2010 -- about 75 percent of what the U.S. calculated.

January 19, 2015 Oil Declines as Yen Gains While Swiss Stocks Rebound

Source: BusinessWeek

Oil fell after Iraq said it’s producing a record amount of crude. Swiss stocks rebounded from a one-year low, while Chinese shares tumbled the most in six years as regulators cracked down on margin lending and the yen...

January 19, 2015 Euro Back in Davos Focus as ECB Stimulus Then Greek Elections Loom

Source: Bloomberg

The euro-area economy is back in the cross-hairs of investors. It’s a familiar place for the currency bloc, which spent the past five years struggling for growth, the faith of investors and even its very existence. The latest...

January 19, 2015 Richest 1% to own more than rest of world, Oxfam says

Source: BBC News

The wealthiest 1% will soon own more than the rest of the world's population, according to a study by anti-poverty charity Oxfam.

January 16, 2015 Do the wealthy pay lower taxes than the middle class?

Source: CNBC

A new study finding an "unfair," rich-poor balance in state and local taxes has been getting big traction on the Web this week.

January 16, 2015 U.S. jobless claims rise to four-month high

Source: Reuters

The number of Americans filing new claims for unemployment benefits last week increased to the highest level since early September, but the underlying trend continued to point to a strengthening labor market.

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