Japanese Yen Breakthrough: 100 Threshold Mark to the US Dollar
For the first time in four years, the Japanese Yen breached the 100 threshold mark to the US dollar. This momentous event occurred on Thursday in New York. By Friday, the yen was trading ... Full Story Here →
US Treasury Reports Rare $113 Billion April Surplus
The United States federal government has reported an approximately $113 billion April surplus in its budget . This is the largest surplus in five years and though rare in occurrence, ... Full Story Here →
Press Release: For Certified Translation Services in Dallas, Visit the City’s new Day Translations Office
To better meet the needs of a city with one of the nation’s largest Spanish-speaking populations and a broad business landscape, global translation company Day Translations opens ... Full Story Here →
Slovenia Intends to Meet Weekend Deadline to Fix Faulty Banking System
Premier Alenka Bratusek of Slovenia informed reporters that a plan to fix the country’s banking system will be drafted by Friday at the latest. Bratusek declared that they would have ... Full Story Here →
US Senate Approves Internet Sales Tax Proposal with Strong Opposition from Conservatives
The United States Senate voted 69 to 27 to pass the Marketplace Fairness Act, a bill that will put an end to tax-free online shopping. This bill allows 45 states and the District of ... Full Story Here →
IMF and Latin America: Measures to Profit from Economic Prosperity
The International Monetary Fund (IMF) published its Regional Economic Outlook update today, where it referred to Latin America’s salient growth and warned this growth will not last ... Full Story Here →
FMI y América Latina: Aprovechar la prosperidad económica
El Fondo Monetario Internacional (FMI) publicó hoy su informe regional en donde se refirió al notable crecimiento de América Latina, aunque advirtió que los distintos países deberían ... Full Story Here →
Ever at the Ready: European Central Bank will act as needed
The ECB (European Central Bank) has set down measures to improve the 17-nation Eurozone’s prospect for recovery in the latter part of the year. One is a cut in benchmark interest ... Full Story Here →
A Windfall of £1,500 for Each Royal Mail Worker
Every Royal Mail worker, from managers to postmen can expect a windfall. Around 140,000 workers have been promised 10% of the company by the UK government.
Business Minister Michael ... Full Story Here →
US Economy Sees Respite, But Economists Advise not to Keep Hopes Up Yet
The US economy has seen an exciting upsurge in the first quarter of the year. According to the Commerce Department, the gross domestic product (GDP) of the country increased by 2.5% ... Full Story Here →
Twitter Signs Biggest Deal (So Far) with Top Ad Buyer
At the flurry of the release of Twitter’s new advertising products Starcom MediaVest Group, a division of Publicis, has entered into a breakthrough deal with the micro-blogging company. ... Full Story Here →
Four Top Japanese Car Makers Recall 3.4 Million Cars for Airbag Problems
Japanese car manufacturers have steadily built a reputation for reliable and high quality cars and vehicles. But somehow, the issues of safety are slowly marring that once pristine ... Full Story Here →
MasterCard Under Investigation by the European Commission for High Fees
Multinational financial services company MasterCard is being investigated by the European Commission to see whether or not the card fees charged from cardholders who are not European, ... Full Story Here →
JC Penney CEO Ron Johnson is Let Go While Former Head Mike Ullman is Hired Back
JC Penney, the clothing department store chain that has been in a retail sales rut is saying goodbye to Chief Executive Ron Johnson. It has been rumored for many months that Johnson ... Full Story Here →
PM Pedro Passos Coelho Declares Financial Crisis as Portuguese Constitutional Court Cuts Down on 2013 Budget
Prime Minister Pedro Passos Coelho declared that Portugal is currently experiencing a national emergency after the Constitutional Court made deep cuts amounting to more than a billion ... Full Story Here →
Bank of Japan Pursues Monetary Policy to Double Long-Term Bond Holdings
Japan is now the third largest economy in the world after the United States (#1) and China (#2). It lost second place to China in 2010. Now, with a new leader at the helm, the Bank ... Full Story Here →
Cyprus Finance Minister Quits after Concluding Financial Bailout
It was just a few years ago that Cyprus was a financial hub and has been attractive to foreign investors. Now the country is facing a financial crisis. In an effort to save the country ... Full Story Here →
Novartis Loses Patent War for Cancer Drug Glivec in India
It’s a landmark decision that could set the tone for the pharmaceutical industry all over the world. After seven long years, India’s Supreme Court has denied the patent ... Full Story Here →
New Bank of Japan Governor Haruhiko Kuroda Says His Country’s Debts Cannot be Sustained
The 31st Bank of Japan Governor Haruhiko Kuroda has issued a warning this week that the debts of Japan are “unsustainable” or must not be supported. Kuroda assumed office late in ... Full Story Here →
Staff Strike at BBC Ends
Staff of BBC complained of bullying in the workplace, work overload and job cuts. It seems their complaints are not heard so they staged a 12-hour strike on March 28. It’s a good ... Full Story Here →
