A close friend of mine came to me few days ago asking about merchant accounts. His dad is starting a new apparel store in Long Island. While initially, it’s going to be a small store but my friend’s dad does hope to expand it soon. This is why he is …

After Greece, Now it is Hungary’s economy that is in trouble. There has been a fear in the market that Hungary is facing a debt crisis and hence its currency has devalued considerably against euro. According to spokesman of Viktor Orban, Hungary’s Prime Minister, the earlier government of Hungary falsified …

JP Morgan has been fined a record 48.2 million dollars because it risked client money even though no client money was actually lost. The fine is imposed by Financial Services Authority (FSA). JP Morgan’s by lumping the money of its clients with its own money for seven years endangered the …

Timothy Geithner, US treasury secretary, made it very clear to the world that US consumers alone cannot support the world economy. He made this statement during his visit to Berlin. While in Berlin, he held talks with German finance minister Wolfgang Schaeuble.

 Greece, Portugal and Spain have seen a massive increase …

The EU commissioner of Economic Affairs Olli Rehn said that the recession in Greece is much greater than expected. According to many, recession in Greece in the year 2010 will be 4% of GDP while in 2011 it will come down to 2.6% of the GDP. The commissioner mentioned that …

The advance estimate of the 2010 fiscal year growth for India’s economy is around 7.2% though it is believed that the actual number will be higher. Till now, no economist has thought of the growth to be lower than 7.2% and many actually felt it would be near 7.5%. On …