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Category: "Finance"
Emergency Loans: Fed To Reveal Beneficiaries
It is time for Americans to know how their monies were spent. According to the new United States financial rules that were enacted in July, the Federal Reserve will have to reveal those that benefited from the emergency loans between 2007 and 2009. During the peak of the economic meltdown in 2007, the American government [...]
Double-Dip Recession: Not Likely – World Bank President
The World Bank chief, Robert Zoellick has assured investors that it is unlikely that the world’s economy will experience a double-dip recession. He was speaking in an interview in the Indian city of New Delhi. The interview will be aired later on Monday on NDTV. There are a lot of uncertainties about the world’s recovery [...]
Black Friday 2010: Americans Go All Out
Most Americans defied bad weather, long queues, terrible traffic and more importantly the recession, to go-all-out shopping on Black Friday. This Black Friday could go down in history as the busiest in the history of the United States. It was not only the number of shoppers that filled the shops that thrilled some economists. They [...]
SAP’s Fined For Copy Right Infringement
After being slapped with what has been described as a record fine, it seems SAP will not only lose money but credibility. The company has lost some credibility in the United States as a result of the court ruling. The company was fined $1.3 billion for illegally downloading millions of Oracle’s files. The company might [...]
Korea Row Hits Markets Hard
Renewed tension on the Korean peninsula sent shares and stocks of some major exchanges in the world tumbling on Tuesday. The South Korean army reported that North Korean soldiers fired shells onto an Island in South Korea. The attack resulted in the death of a South Korean soldier and this prompted a response from the [...]