Recent Credit Lust Articles

Brexit But Nothing Changes Until 2019

The United Kingdom, or at least 52% of the the 72% that voted, has taken the historic step of leaving the European Union. But do not expect anything to change soon. Greenland was the only country to leave the EU, and that was in 1984 and it took 3 years of negotiation (and that was […]

June 25, 2016 | 1 Comment More

China Is The World’s Second Biggest Economy

In the last quarter of 2010, China has overtaken Japan to become the world’s second biggest economy. The International Monetary Fund (IMF) reports that China’s Gross National Product was $5.75 trillion in 2010 compared to Japan’s $5.39 trillion. Although the Japanese economy grew by 2% in 2010, the Chinese economy outpaced it with growth of […]

February 14, 2011 | 0 Comments More

Emporiki Bank Puts Its House In Order Through Cost Reductions

Last week Emporiki Bank, the premier troubled Greek bank, took further actions to improve returns from its real estate portfolio as well as inject capital into the business. Emporiki provides retail, commercial and investment banking services to its customers who are mainly in Greece however it does have an international office in London as well […]

February 4, 2011 | 0 Comments More

Earnings Quadruple at Shell But Markets Remain Unimpressed

Strong Earnings and a Favorable Outlook Yesterday Shell announced a 375% increase in their 2010 fourth quarter earnings compared the same quarter in 2009 with a rise from $1.2 billion to $5.7 billion. This was on the back of a modest 5% increase in oil production, a 25% increase in sales volumes of Liquified Natural […]

February 3, 2011 | 0 Comments More