This week, the G8 countries held a meeting to address the recent corporate tax evasion issue, Obama talks with the EU on trade, Swiss lawmakers don’t want to snoop at bank accounts, and US residential mortgage rates are climbing steeply and faster since 2010. Here is the weekly market news roundup brought to you by […]
President Obama strongly suggested Monday that Federal Reserve Chairman Ben Bernanke will not be extending his stay as head of the U.S. central bank. During an interview with PBS’s Charlie Rose, President Obama remarked that Bernanke has done an “outstanding job,” but has “already stayed a lot longer than he wanted or he was supposed to.” […]
Foreign Exchange rates all over the globe are plunging into a dramatic transition. For decades now, foreign-exchange rate activities are among the most lenient when it comes to financial oversight. However, in the wake of the benchmark-rate manipulation scandals that were revealed starting from LIBOR, global regulators may begin overseeing currency rates. When did this […]
Rise in Housing Prices Over the past few months, housing prices have skyrocketed to figures that are highest since 2008. This surge in prices has been the result of a robust consumer demand over a tight-fist pool of housing units. Consumer confidence index reached a five-year high in May. The index rose to 76.2, the […]
While the United States spends billions of dollars a year to maintain its Fifth Fleet and air forces in Iraq, China, on the other hand, earns from Iraq’s oil reserves and obtains vast supply of oil to power up its industries back home. Today, China has already earned the title as Iraq’s biggest oil customer. […]
Today, a new set of business entities is revolutionizing the way businesses make money across various states in the US. Master Limited Partnerships (MLPs) are “trending” in the business world now because while they are capable of shielding their bottom line from the heavy whips of taxation, they are also known for generating high returns. […]
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