Gold still remains under $1200 at the end of the week after the results of stress tests of 91 Banks in Europe, where only 7 banks failed to prove they would survive financial crisis.
Posted on 09 August 2010
Gold still remains under $1200 at the end of the week after the results of stress tests of 91 Banks in Europe, where only 7 banks failed to prove they would survive financial crisis.
Posted on 09 August 2010
The euro rose against dollar amid U.S. economic concerns, according to Bloomberg. The flattering U.S. currency demand was damped after the fed
raised concerns over the issues related to economic recovery.
Posted on 23 July 2010
According to Guardian UK, figures published from the Association of British Insurers today, reveal a staggering 122,000 bogus insurance claims that have been uncovered last year, which are valued at £840m.
Posted on 23 July 2010
According to a report on Reuters, Vodafone is currently the world’s largest mobile network in terms of sales volume. The telecoms giant was badly affected by the economic downturn in the past but now the prospects for the company are looking brighter as it returns back to growth for the first time, since the economic downturn.
Posted on 23 July 2010
The latest story making headlines this morning is the emergence of the stress results carried out on the European banks. The results of these tests are yet to be disclosed as the gloabal financial markets are impatient to see the final results.
Posted on 21 July 2010
Apple iPad was launched in market just 3 months back and the new Apple iPhone 4 for just 26 days but due to extensive demand, the supply of Apple went short. The iPad was to be launched in 9 new countries but Apple have put a hold on to it as demands in larger economies are still not met.
Posted on 21 July 2010
BP’s embattled CEO Tony Hayward will resign from his position in the month of August. Sources close to BP said that Tony Hayward who is 53 years old will make the announcement in the month of August. The reason given to Financiere about the resignation is that the company is trying to regain its reputation which was badly effected after the Gulf of Mexico Oil Spill.
Gold
Posted on 09 August 2010
Gold still remains under $1200 at the end of the week after the results of stress tests of 91 Banks in Europe, where only 7 banks failed to prove they would survive financial crisis.
Oil
Posted on 21 July 2010
BP’s embattled CEO Tony Hayward will resign from his position in the month of August. Sources close to BP said that Tony Hayward who is 53 years old will make the announcement in the month of August. The reason given to Financiere about the resignation is that the company is trying to regain its reputation which was badly effected after the Gulf of Mexico Oil Spill.
Pound Sterling
Posted on 19 July 2010
Pound sterling hit to a seven-week low against Euro and it is expected that the trend will continue till the week-end. The Euro has been sharply rising since last Friday against major currencies and it has been predicted by our financial analysts that Euro will keep on rising till the month of September
Technology News
Posted on 23 July 2010
Despite the great results, there’s still a great deal of pressure on CEO Steve Ballmer, as the rivals Apple imposes a major threat due to Microsoft not being able to capitalise on the growing Mobile Phone OS market.
US Stock Market
Posted on 17 July 2010
The new iPhone 4 faced much criticism when the later new about the reception problem. The CEO of Apple Steve Jobs apologized to people and denied that the new iPhone 4 have antenna problems and the problem persist while users cover the specific spot of iPhone with bare hands. Apple shares slipped $1.80, almost 1 percent, to close Friday at $249.30.