How to navigate a debt crisis

The founder of the world’s largest Hedge fund Bridgewater Associates which is a global macro investment firm and Hedge fund guru Ray Dalio, simplifies the big debt meltdowns by analysing the issue into cause and effect.  Dealing with Debt Crises is about spreading out the pain, and spread out the cost of the debt widely…

5 boiler room  £2.8m scammers handed down sentences totalling 17.5 years

The Financial Conduct Authority who brought criminal prosecution, its second largest in terms of volume of evidence seized, after successfully investigating five different boiler room groups, one of which claimed to be “ one of the UK’s largest wealth advisory firms”,  a scam that resulted in £2.8m losses, got five people jailed for 18 years…

LSE agrees to merge with Deutsche Boerse

London Stock Exchange Group Plc and Deutsche Boerse AG  agreed to merge, a deal that would create world’s biggest trading organisation as long as rival suitors don’t upend the agreement and regulators give their blessing. The two companies valued at £21.3 billion ($30.5bilion), LSE’s equity holders will own 45.6 per cent while Deutsche Boerse’s stockholders…

Rouge trader jailed 14 years over Libor rate-rigging

A London Jury found former City trader 35-year old Tom Hayes guilty on all eight charges and sentenced to 14 years in prison for conspiracy to defraud at the London Court of rigging global Libor interest rates. He is the first individual to face a jury trial for manipulating the rate, which is used as…

Black Monday : Shanghai stock markets second biggest fall

Black Monday, the Shanghai stock market saw the second biggest fall in its history on Monday 27th July 201, despite the Chinese authorities unprecedented attempts to stop the rout in equities over past month. The Shanghai Composite dropped 8.5 per cent its sharpest slide since February 2007, Chinese startup dropped 7.4 per cent and Shenzhen…

The Greek referendum

In 2008, Iceland became the state for boom and bust. The country’s three main bank grew rapidly and consumed debt worth £55bn ($85bn) to find collective balance sheet of 10 times bigger than the country’s economy. In 2008 as financial crisis hit all time low and triggered a collapsed sparking a downturn. Since then their economy…

Twitter results fiasco after Nasdaq 45 second error

Dick Costolo, Twitter’s CEO said “ the early release of the earnings wasn’t a pleasant experience”. Nasdaq admitted an operational error lasting 45 seconds was behind the premature release of Twitter’s disappointing results on Tuesday 28th April 2015, as Social media site’s share fell sharply for second day. During those seconds the site was scraped…

Stock market crash FTSE 100 index fell by 2 per cent

Yesterday, the  crude oil prices potentially falling further below the $50 a barrel  signalled severe and eminent stocks plunges across the board, this is bad news for any economy. The FTSE 100 Index fell 130.64 points   or 2 per cent to 6417.16  in London, as UK blue-chip firms  lost £ 33.2 billion, while mega…

13.5 million Bitcoins in circulation – but not widely used

Blockstream was given $21 million by leading Silicon Valley investors including Sun Microsystems founder Vinod Khosla  and Linkedin founder Reid Hoffman – who aims to extend Bitcoin’s functionality so it can power much more than just payments. Bitcoin, is a digital currency built upon software that uses cryptographic transactions to prevent counterfeiting without the need…