Coca-Cola Co., the world’s largest soft-drink maker, reported fourth-quarter profit that fell less than analysts estimated after lowering expenses through cutting jobs and adding technology to track sales. The shares jumped 3 percent in early trading after Coca-Cola reported earnings of 64 cents a share, excluding a writedown tied to its distribution business. That beat […]
World markets collapsed over global economy outlook
Markets around the world were led into a hole of bottomless pit as it crashes yet another trading day. On 24 October 2008, many markets had fell to historic lows and there are even countries fallen into great debts and nearing bankruptcy. Over in Asia, STI, Singapore Bourse saw a drop of 145.39 or a […]
What is the true meaning of Recession?
We all use the word ‘recession’ and we heard of it a lot these days as credit crunch and financial woes sets in. Stock markets are always in red rather than in the green. Ever-declining charts for shares are setting the investors around the world into a state of panic. Many people have been using […]
Run on American Banks Begins
Run On U.S Banks Begins Apparently, a run on U.S Banks has begun. The FDIC only has approximately 50 billion dollars to cover debt of over one trillion. The word is out and experts are saying Americans have just cause to worry. An individual bank account up to ten thousand dollars is insured by […]
Straits Times Index Rallied by 122.82 Points On US Mortgage Bail Out
It was not an usual weekend when US Government made an aggressive decision to take over the two largest mortgage giants, Freddie Mac and Fannie Mae. This mortgage bailout plan on 7 September 2008 had take its effect on the broad Asian Markets. Straits Time Index, STI, the index reflecting Singapore stock market rallied deeply […]
Falling Wall Street due to Financial worries 25 August 2008
Wall Street continues the volatility as the market are very deep into the red zone as Dow Jones Industrial Index, DJI have dropped 238.31 points during the time of post. The negativity going on with the market is due to mainly financial worries sparked by data on unsold properties or real estate which was at […]
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