Facebooks’s Inside story

Facebook only evolved after there was six degrees, Friendster and MySpace, on college campuses like Stanford, people digitising their printed facebooks as early as 1999. Mark Zuckerberg was in high school at Exeter,  a classmate of his name Kris Tillery built a database of student headshots and put it online along with their phone numbers,…

Corruption at the Deutsche Bank

There is a scandal in the Wealth Management division of Deutsche Bank which paid £1.1m to secure the wealth management business of a senior Saudi Royal financial adviser, whose wife was paid according to an internal probe that led to two former employees being reported to criminal prosecutors. The money transfers were arranged in 2011…

Economist’s influence

The modern liberalism since 1843, The Economist has been the single most devoted and influential champion of liberalism anywhere in the world. Today, neither economic crisis at home nor permanent warfare abroad, has dimmed the Economist’s belief in unfettered markets, limited government and a free hand for the West. The history of liberalism is on…

Indian stocks wobbled after Moody’s lowering outlook to negative

Indian stocks wobbled on their record hype after the New York based credit rating agency, Moody’s lowered its outlook for the country to negative, citing concern over a deepening economic slowdown and insufficient government action. According to Moody “ the government’s inability to manage the slowdown, which has seen growth in gross domestic product fall…

Woodford collapses and traps clients

Three Hundred thousand customers of Hargreaves Lansdown were caught in the collapse of Woodford Investment management.  The Uk’s biggest online funds supermarket had championed Neil Woodford, who on Tuesday announced that he was closing his company after being fired from his own flagship fund.  Hargreaves promoted Woodford fund on its best- buy list and attracted…

BlackRock achieves record profit and swells inflows of $84bn

The world’s biggest fund manager BlackRock has achieved a record profit margin, as new clients and lower costs boosted its assets, which attracted $84bn inflows in the third-quarter, with half going to its iShare business, an ideal passive investment vehicle where Exchange-Traded Funds are engineered to meet your investment goals. Its active equity funding attracted…