Finance Avenue

On Monday, Barack Obama, leading from the forefront announced its cabinet’s strategy towards making America Energy-efficient and reducing its oil- dependency on other countries. This he aims to achieve through better and widespread generation, distribution and use of renewable sources of energy. He seeks to double it up from today’s standards within 3 years.
Department of [...]

In another round of cost-cutting measures, 7 major corporations of US have announced job cuts to the tune of 71,400, on Monday, January 26, 2009. This takes the aggregate job-cuts this year to more than 2, 50,000!!
Caterpillar Inc announced 20,000 layoffs for the first quarter of 2009 whereas 8,000 workers will be shown the exit [...]

In one of the moves to keep afloat in the prevailing financial turmoil, Britannia, the second largest building society in UK, and Co-operative Financial Services have agreed to merge to crate a ‘super mutual’. Now what exactly is a super-mutual? More on it later.
Now on the paper the whole deal goes like this: the two [...]

Credit-crunch and the ultimate loss of liquidity has hit every firm hard. In the event of loss of demand, the option of increasing liquidity through increased sales (revenue) is invalid. So the only alternative remains is to cut costs of operations, of which wages, salaries and other perks form a large proportion. In the current [...]

It is believed that the terrible is yet to come. Economic meltdown and global recession have become the words of this season. It is predicated to be a very bad patch for investors lately, and this quarter is worst hit.
For four consecutive days, Dow fell below a whooping 8000 points, and tried its best to [...]

A tryst with middle Arab countries investors can cost Barclays a lot more than just addition in the number of new shareholders. Barclays , is that global bank which was considered as a giant in banking and was also trusted in other sectors like retail and commercial banking, and a lot other financial services to [...]

In what seems to be predicted as the biggest merger of the season amidst global meltdown, the companies in the spotlight here are Pharmaceutical Giant Pfizer and popular vaccine maker Wyeth. It is all over the places, in the media, in the papers, almost on everyone’s lips that Pfizer will shake hands with one of [...]

UK is reeling under the effects of recession and isn’t showing any signs of recovery, in the near or the far fetched future. The British currency is at an all time low having depreciated by almost % in years. Its plummeting at a rather high rate after the news results of the rising UK national-debt [...]

Barack Obama took the presidential oath yesterday amidst much media galore. Months of speculation regarding the 44th president of US have finally ended. The outgoing President, Mr. George Bush left him a rich legacy of murky recession, obstinate credit crunch and loads of national debt. The financial-crisis strategy of the new President and his team [...]

In an exulting turn of tables, China overtook Germany as the third largest economy in the world with its GDP for 2007 grew by a whooping 13% and stands at $3.38 trillion!! Japan ($4.4tn GDP) is positioned at no.2 while USA ($13.8tn) is the ultimate ruler.
But the sad news is that, 13% GDP growth notwithstanding, [...]