HSBC Profits Fall 86% after Disposal of Brazil Operations
HSBC Q3 earnings recorded a $1.7billion loss from the sale of its operations in Brazil. HSBC profits (pre-tax) slumped by 86 percent at $10.6 billion, compared with $19.7 billion a
Wall Street Aims to Use Artificial Intelligence to Avoid Cons
It is a known phenomenon that the use of artificial intelligence is on the rise in various sectors of life. Latest news suggests that this technology will be adapted in Wall Street
The Ten Biggest IPOs In History
Worldwide, Japanese messaging company Line is the biggest IPO of a tech company since First Data which went public in October 2015 in a $2.8 billion deal. Line has 200 million acti
From BUST to BOOM: The Collapse of the Italian Banking System
The eyes of the world are on the unfolding Eurozone crisis that seems more catastrophic than the 2008 Great Recession. In a research note titled “Close to the edge”, economists
Au Revoir EU! Britain Quits EU: How Will It Affect You?
It has been a long night. The EU Referendum results were counted by local authority areas who each declared their own results. The numbers were then passed up to regional centers,
IMF Warns Brexit Would Trigger UK Recession
European Unit exit would hit British standards of living, increase inflation and wipe off up to 5.5% of GDP, the International Monetary Fund has warned with less than four days to
Emirate’s Biggest Banks Merge to Create Middle East’s Powerhouse
Two of the emirate’s biggest banks – National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC – confirmed merger talks that would create Middle East’s powerhouse with a
Warning Mounts on America’s Corporate Debt Problem
The rich get richer and the poor get poorer. This is particularly true for Corporate America. It’s a stark reminder that corporate income inequality has grown over the years, as
Is Craig Wright Really The Bitcoin Founder?
The internet is flooded as Craig Wright, an Australian entrepreneur claims to be the bitcoin founder. But along with the news, comes a question – Is he the one who created the bi
