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Markets Fall as Moody’s Downgrades Greece

The US and Australian markets fell over 1st – 2nd June 2011 following disappointing manufacturing and employment indicators. In addition, the downgrading of Greek local and foreign currency bond ratings…

June 2, 2011No CommentRead More

Business: Oxford Nanopore Technologies Raises £25 Million

Oxford Nanopore Technologies announced on April 26th 2011 that it has raised £25 million through the private placement of ordinary shares. The shares went to Lansdowne Partners, IP Group, Invesco Perpetual,…

April 26, 2011No CommentRead More

Rajat Guptas Career Threatened – Accused of Insider Trading

Rajat Gupta, one of the most powerful executives in the US, was on Tuesday charged with insider trading by the Securities and Investment Commission. The former director of Goldman Sachs…

March 2, 2011No CommentRead More

NetSpend Profits Rise in 4th Quarter

The online provide of pre-paid credit cards, Austins NetSpend, has reported strong 4th quarter results, with revenue up 18% and net profit up 80% in 2010, compared to the 4th…

March 2, 2011No CommentRead More

Bank of America (BofA) handling Bond Group Holdings Dispute

A group of investors holding over $84 billion in debt are seeking reimbursements from the Bank of America over home loan securities that have gone sour. More investors have joined…

March 1, 2011No CommentRead More

Commowealth Bank of Australia shares surge on record profit

The Commonwealth Bank of Australia today announced a record profit of $3.34 billion for the first half of FY2011, or a 13% increase. The results came in above most analysts…

February 9, 2011No CommentRead More

Visa & Moneygram Launch Money Transfer to Mexico Service

MoneyGram International and Visa Inc. have launched a cash-to-Visa account program for remittances from the United States to Mexico. The program, which mirrors a similar project in Guatemala, allows consumers…

February 3, 2011No CommentRead More

Lebanon PM, Saad Hariri, at Union of Arab Banks Conference

The Union of Arab Banks wrapped up its conference in Beirut on Friday 26th November 2010 after hearing from eminent speakers such as the Prime Minister of Lebanon, Saad Hariri,…

November 29, 2010No CommentRead More

Barclays Plc Q3 Results 2010: Performance Summary

Barclays Plc have announced Q3 results with a conference taking place on the morning of Tuesday 9th November to discuss the figures. The performance summary as published by Barclays is…

November 9, 2010No CommentRead More

Deutsche Bank Welcomes Veterans onto Wall Street

Deutsche Bank launched a concerted effort on September 1st 2010 to recruit members of the military into the investment bank. Deutsche Bank has 80,849 employees in 72 countries, and hopes…

September 2, 2010No CommentRead More