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Googles share price at the bell yesterday was $341.43. Apparently it was an error. Nasdaq has revised their share price to $400.52. Bet that caused a few shivers in Mountainview seeing their share pri...
The revised securities valuation rules are now officially a joke. US executives can now value according to 'their own models and judgement'. So what happened to mark-to-market if the market is no lon...
The downturn on Wall St couldn't be classified as a crash. It's a long overdue correction which hasn't played out fully. The crash, if it comes, is yet to come. Historically we've had a similar drop i...
Earlier this year with fuel prices sky high, airlines toyed with the idea of weighing passengers. This is nothing new. Today's chapter and illustration from Air India International Passenger informati...
Apparently, according to oil-price.net, oil companies won't be building any new refineries as the ~20-year ammortisation means there won't be enough oil to refine in that timescale. No new refinery ha...
The news this week has been pretty depressing. The rise of the far right in Austria. Financial armageddon seems perilously close (I notice the not-at-all-dumbed-down BBC have a helpful picture). So -...
Because they can, for the very same reasons that Visa (accepted everywhere) dominates over any instrument only accepted locally including cash currency. Mobile transactions will be the 'accepted anywh...
As world is getting flatter and shopping global, e-payments will be increasing. There will be a trend where payment industry is heading. One is global payments, where credit card based solutions will ...
There isn't anyone in Congress who doesn't think something has to be done. The question is what do they do? Their jobs are on the line. If they fail - they are out. If they upset voters - they are out...
I think that the biggest threat banks face is lack of trust and ethics. Payments are based on trust. Consumers will be looking hard for alternatives. There will be plenty. Payments is only part of it....
People are beginning to wonder what the alternatives are to having savings in the bank. The average person now understands that banks use our savings for a multiple of financial endevours and only kee...
Those of a certain age will recognise those words as the chorus to an awful song about disappearing rubber plants; don't ask. But, what on earth is happening in the financial community, whoops there g...