South Korean prosecutors have charged four Deutsche Bank employees along with Deutsche Securities Korea with illegally manipulating Seoul’s stock market in order to earn more than US$40 million in a single day.
Gold buyers in India, the world’s largest consumer market of the yellow metal, are placing huge bets on the the price of gold on expectations that prices may rise. However, gold imports are likely to decline as limited budgets buy less gold, the head on India’s biggest importing bank reported.
US Vice-President Joe Biden wrapped up his five-day visit to China on Sunday by assuring Chinese students at Sichuan University that the US were dedicated to solving its economic problems, while remaining the “single-best bet in the world in terms of where to invest.”
Responding to questions posed by members of the audience, Biden assured the congregation that China’s US$1.17 trillion investment in US Treasury securities were safe.
The “Yo Momma” jokes has become one of the most popular forms of insults that exists in the world of comedy. But what if economists started to use these jokes?
Here’s a collection of “Yo Momma” economics-related jokes that we have found by scurrying the world wide web.
User contributed jokes on reddit:
The world’s major stock markets tumbled back into free fall Thursday on a raft of negative economic indicators and a warning that the U.S. and Europe are dangerously teetering the brinks of a recession. More than US$3.2 trillion has been wiped off from U.S. equity markets since the start of May, leaving the benchmark for U.S. a mere 29 basis points of entering a bear market.
Irish rock band U2 is offering US$7.1 million of its own money to fund music schooling for Irish students as the government cuts spending on education. U2 will be paying for musical equipment and the hiring of teachers to tutor thousands of children across the country, supporting a series of projects.
Russian Prime Minister Vladimir Putin has killed off democracy in Russia, says former Soviet leader Mikhail Gorbachev.
Speaking to the BBC on the eve of the 20th anniversary of the unsuccessful Soviet coup d’état attempt, Mr. Gorbachev denounced Mr. Putin and his team for killing development in the country, which needs to start pushing towards democracy again.
India’s Tata Motors will reveal Jaguar’s latest concept car, the C-X16, at the Frankfurt Motor Show next month. Smaller and cheaper than the XK Coupe, the C-X16 is a glimpse of the car maker’s future sports cars, says the company.
As ticket prices are reviewed, – 6.5% increases at Arsenal – fans are consistently at the losing end as prices continue their rising trend. For years now, a large disparity has formed between what fans pay now and the prices before the Premier League was formed.
Motorola Mobility announced the departure of WIlliam (Bill) R. Hambrecht from its Board of Directors, just a few days after the announcement of Google’s US$12.5 billion acquisition of Motorola Mobility. Hambrecht, who was nominated by activist investor Carl Icahn, will be resigning with immediate effect.
Following Hambrecht’s departure, the Motorola Mobility Board of Directors will be comprised of nine members, eight of whom are independent.
