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News & Updates

February 11, 2015 Apple in big solar power deal, market cap closes over $700 billion

Source: Today Online

SAN FRANCISCO - Apple Inc will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time

February 11, 2015 U.S. companies are being targeted in China (say U.S. companies)

Source: Fortune

U.S. firms believe foreign firms are being singled out by Chinese regulators, making them feel less welcome than before, according to a new survey by the American Chamber of Commerce in China.

February 10, 2015 Hong Kong Issues Warning About Bitcoin

Source: NY Times

HONG KONG — Hong Kong’s central bank has warned against investing in virtual currencies, amid local media reports that a Bitcoin exchange may have run off with $387 million in client funds in what could be the biggest Bitcoin...

February 10, 2015 Forecasts Of Oil Price Bottom And Recovery

Source: Forbes

For oil price forecasters, it is all but mandatory to start with self-deprecating humor, because the track record is so bad. Late 2013, surveys showed predictions for 2014 of $104 per barrel for Brent. Citi’s forecast of a...

February 10, 2015 Citi: Oil Could Plunge to $20, and This Might Be 'the End of OPEC'

Source: Bloomberg

The recent surge in oil prices is just a "head-fake," and oil as cheap as $20 a barrel may soon be on the way, Citigroup said in a report on Monday as it lowered its forecast for crude.

February 9, 2015 Little space for compromise between Athens and eurozone

Source: BBC

I am hard pressed to find a serious economist who does not believe that an easing of Greece's crippling debt burden would be anything other than sensible”

February 9, 2015 G20 finance chiefs to focus on fewer growth priorities

Source: Reuters

World financial leaders are likely to agree on Tuesday to cut the number of actions they will take this year to boost growth to only 5-10 priorities per country to make it easier to check if they are being done, European...

February 9, 2015 Stocks: Five things to know before the open

Source: CNN Money

Here are the five things you need to know before the opening bell rings in New York:

February 9, 2015 HSBC files show how Swiss bank helped clients dodge taxes and hide millions

Source: The Guardian

HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities, according to a...

February 9, 2015 5 CEOs With Astronomical Executive Compensation

Source: Investor Place

Living paycheck to paycheck is the reality for nearly 50% of American citizens, but the grass is greener on the other side for company heads whose executive compensation rakes in millions of dollars each year. While this may come...

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