Bill Gates the founder of Microsoft use to be the richest person in all of the world but now he is being bumped down into second place by Mexican Tycoon Carlos Slim. Within the last year the billionaires wealth grew to at least 50 per cent and that is how he managed to knock...
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One man’s misfortune is another man’s gain. Hyundai’s gain, that is. In February, it sold nearly 250 995 vehicles, that’s 23 % increase from last year. The Korean automaker is taking advantage of Toyota’s troubles and is promising incentive packages to entice US car buyers to switch to its fuel efficient and less expensive...
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The Olympic Games aims to showcase the talents and skills of the world’s best athletes. It is also a great opportunity to conduct business, a lucrative one. The success of the event lies on the procurement of products and services from various sectors. It is indeed an exciting time for businesses especially in the...
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The Volcker rule, named after its proponent, Paul Volcker, Chairman of the Federal Reserve, aims to push changes on Wall Street. The plan? To Re-draw a clear line between commercial and investment banking. The administration did not like this idea at first, but after a couple of days, it changed hearts and embraced this...
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Shaukat Tarin announced today that is stepping down as Pakistan Finance Minister. A government official, who refused to be identified, said that Tarin “will be leaving soon to focus on his personal business interests.” Tarin, in an interview, told Dunya Television that he was not pressured to resign. He thinks that it is not...
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Nearly 2.7 million unemployed Americans are depending on the extension of their unemployment benefits. If Congress fails to act on it, these jobless people may not see very bright days ahead. Despite the signs of the end of the financial crisis, millions of unemployed are still worried of battling years without jobs. This group...
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Asian markets just got hit really hard as they experienced a 434 point drop with 14,790 points that happened with the opening trade with the Bombay Stock Exchange that was indexed benchmarked Sensex. The Asian market already experienced one downfall recently and this one really crushed them with going over 340 points of what...
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