Issa Charges Fed Hid Role in BofA Purchase of Merrill
The Federal Reserve Bank has tried to hide the pressure it applied to Bank of America to buy the faltering investment bank Merrill Lynch, charged Darrell Issa of the House Oversight and Government Reform Committee.
The Fed has deliberately hidden in front of other federal regulatory agencies relevant details related to the merger, said Issa. Fed [...]
Financial Crisis Brought IMF a Profit of $126 Million Last Year
The International Monetary Fund (IMF) concluded the 2008-2009 fiscal year with a profit of 126 million dollars, as the global economic crisis has increased demand for fund loans, after a year before it had lost 89 million dollars.
IMF announced that the financial situation has improved significantly due to higher demand for loans from Member States, [...]
World Bank: China Will Emerge from Crisis First
The Chinese economy will grow this year by 7.2%, estimates the World Bank (WB) in its most recent quarterly forecast. In March, the World Bank estimate for China was 6.5%.
The change of forecast is a consequence of economic stimulation program of the Government in Beijing, of 585 billion dollars (418 billion U.S. dollars) grant [...]
College Savings Tip: Don’t Buy A Car for Your Kid
While the thought of zipping round campus in a flashy new car will undoubtedly appeal to your college bound youngster, think twice before shelling out money on a new vehicle. Foregoing a college car can save both you and your child some serious money.
The savings to you for not having to buy a car [...]
The U.S. Could Hold 34% of Citigroup
Citigroup has launched an exchange of shares worth 58 billion dollars, after which the U.S. government would get a participation of 34% in the third largest bank in the United States.
In the program, Citigroup will offer common shares in exchange for preferential securities of 33 billion dollars. Other preferential shares for 25 billion dollars, held [...]
World Bank Predicts China will Lead the World Out of Recession
The strong development in China will help lift the world economy from recession, said the president of the World Bank, Robert Zoellick, quoted by Mediafax.
“Evolution of the Chinese economy this year will surprise you. Growth is not just an element of stability, but a force that will bring the system of global recession, “said Zoellick [...]
The Crisis Has Helped Emerging Economies to Mature
Emerging countries will grow faster compared with those of developed nations after emerging from the world economic crisis, and banks that have operations in these markets will benefit from of a number of advantages, according to the head of a group that owns Renaissance Capital, the largest investment bank in Russia, writes The Guardian.
“If we [...]
In Hungary 45 Companies a Day Enter Bankruptcy
Company bankruptcies in Hungary have reached epidemic proportions. Even though faced with a large number of bankruptcies and a severe decline in the local car market, investors continue to buy Hungary’s state bonds.
Difficult situation in which is Hungary’s economy, affected by a severe recession, made that the number of companies from the position of [...]
Galbraith: EU Unable to Manage the Crisis in Eastern Europe
The noted economist James Galbraith said that the European Union is hampered by an inability to manage the crisis that hit the states of Eastern Europe.
“Hungary had to accept a loan from the International Monetary Fund, while it should have been helped by Europe. It’s a big problem for the European institutions”, the analyst noted.
At [...]
How to Prepare for a Job Interview
Last week we covered how to dress for a job interview. Dressing the part won’t be enough if you smell like a hermit and your hair looks like you got dragged through a hedge backwards! You’ll also need to follow these extra appearances tips so that you don’t fall at the first hurdle:
Don’t [...]
Read more →Poland One of the Few Countries in EU with Economic Growth
Poland’s economy grew in the first quarter by 0.4% compared to the last three months of last year, being one of the few in the European Union with positive developments in this period, reports Mediafax.
Gross Domestic Product (GDP) of the first three months of this year increased with 0.4% compared with the previous quarter, in [...]
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