As oil slid below $60 a barrel on Asian markets for the first time in six months various analysts popped out of the woodwork to pronounce that oil still has much further to fall, with many predicting it could easily fall back to as little as $40 a barrel if a compromise is made...
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Inflation across the globe has been surprisingly low for some time now, much of this is down to the ‘Wal-Mart effect’ – where over 80 percent of Wal-Mart’s global suppliers are located in one country, China. In effect the combination of low cost, low wages and artificially low value of the Chinese Yuan have...
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In an attempt to stem the growing scandal at HP, the board of directors has forced Chairperson, Patricia Dunn to resign from her position and severe all ties with the company. The Palo Alto, Calif.-based company will turn the chairmanship over to its chief executive, Mark Hurd, who was supposed to take over that...
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Stocks across Europe fell as weak corporate growth and profitability were forecast in the USA by a survey at the Philadelphia Federal Reserve. Wall Street extended losses overnight, affecting confidence of global markets as the worlds largest consumer country stuttered.The FTSE 100 fell near 1 percent mid morning on worries about that a global...
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Comparisons between the recent activity at Hewlett Packard and the Watergate affair are almost too tempting to resist. Late yesterday it became apparent that investigation into the bugging of fellow board members, staff and journalists was leading straight to the top. The Washington Post reported that Mark Hurd, CEO of Hewlett Packard was implicated...
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