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 [...]
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 [...]
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 [...]
Egypt is on the verge of taking the first steps towards a new future. The implications of this will be felt in the Middle East and beyond as the struggle for power plays out. Very different paths lie ahead. But what seems certain is that Husni Mubarek’s 30 year term as president will end early [...]
Tesco Credit Card Saves You Money
Tesco are offering a great deal on their own Tesco Credit Card which is too good to miss if you are a regular shopper at Tesco (and even if you don’t shop at Tesco they are worth a look). You can save money in not one, but three ways! Interest free credit on new purchases [...]
It’s Official: The UK Is In Recession (And It’s A Deep One)
GDP Falls Steeply By 1.5% With today’s figures indicating that the Gross Domestic Product fell by 1.5% over the last three months coupled with the previous quarter’s drop of 0.6% meant that the UK is finally officially in recession after two quarters of negative growth. Here is the breakdown Construction output – down by 1.1 [...]
