Madoff ties cost JPMorgan $2.6 billion
JPMorgan is to pay $2.6 billion to settle civil and criminal allegations that the bank failed to halt Bernard Madoff’s Ponzi scheme.
JP Morgan Chase...
End oil export ban, US companies say
US oil companies have asked for an end to the country’s oil export ban that has been in force for four decades, ever since...
US trade deficit four year low, November 2013
The US trade deficit hit a four year low of $34.3 billion in November, 2013, as exports rose to a record $194.9 billion and...
UK new car sales 2013 best in 6 years
UK new car sales for 2013 were the best since 2007, according to the Society of Motor Manufacturers and Traders (SMMT).
Mike Hawes, SMMT Chief...
Eurozone inflation fell to 0.8% in December
The Eurozone’s inflation rate dropped to 0.8% in December, 2013, from 0.9% the month before, according to Eurostat, the European Union’s statistical agency.
This...
China to allow private banks
China says it will allow five privately financed banks to be created in 2014 as it aims to boost economic growth by scaling down...
How to encourage female scientists to stay on
The number of female scientists is growing rapidly, but many female scientists abandon their careers because they feel pessimistic about advancement.
According to a...
Predatory lenders played minor role in subprime mortgage crisis
Predatory lenders, who were blamed as one of the major factors for the subprime mortgage crisis, in fact only played a minor role in...
US economy 2014 expectations, Harris Poll
Expectations for the US economy 2014 among the American adults are slightly more negative this year than one year ago.
The data, gathered from a...
UK business confidence at 20 year high
UK business confidence is at a 20-year high, fueling predictions of an excellent first half for 2014.
The data comes from the latest Lloyds Bank...