Gold demand up 53% in second quarter 2013
Demand for gold rose 53% in the second quarter of 2013, driven by strong growth in India and China, says the latest World Gold...
Rupee hits new low against the dollar
The rupee fell to 62.03 per dollar, a new record low. Foreign investors have been taking their money out of Indian debt and shares...
Are USA & Europe net debtors or net creditors?
If official statistics fail to capture most assets held by households in the USA and European in offshore tax havens, it is likely they...
Print prices red – men will think it is a bargain
Want to get a man to buy something? Print the price in red. However, this only works really well with men, not women.
As unusual...
Consumer prices up 0.2% in July, USA
Consumer prices rose moderately in July, according to the Bureau of Labor Statistics (BLS), mainly because medical care services, cars and food saw minimal...
Brazil Fast Food Corp. Second Quarter 2013 financial results
The biggest fast-food chain in Brazil, Brazil Fast Food Corp., has just released its second quarter financial results of the year.
Brazil Fast Food Corp. has over...
Cisco plans to lay off 4,000 employees
Cisco Systems Inc. has stated that it is planning to lay off five percent of its employees, translating into 4,000 people losing their jobs.
Cisco...
Taxing retirement income is outdated
An expert on taxation at the University of Illinois has said that while many people in the country prepare for retirement, the tax consequences...
Eurozone out of recession
After a record, 18 months of economic shrinkage, the Eurozone has finally come out of recession. The 17-country zone’s GDP expanded by 0.3% during...
Bill Ackman resigns from J.C. Penney’s board
Bill Ackman of Pershing Square Capital Management has just resigned from the board of J.C. Penney.
The resignation comes following a series of decisions...