Posts belonging to Category Economy News



Biggest Profit Gainer in the Financial Crisis Era

Some companies managed to boost their profits, although in 2009 the world economy was weakening. This happens because some companies managed to make large-scale efficiency.

Here are three among ten companies with the largest profit Fortune Magazine, published recently:

1. Goldman Sachs Group
Advantages: U.S. $ 13.4 billion

After obtaining a bailout of more than U.S. $ 10 billion, Goldman Sachs back to do best: make money. This financial services company posted a profit of U.S. $ 3.4 billion in the second quarter of 2009. However, a number of market participants and the people of the United States was disappointed that this earnings announcement just a few months after Goldman Sachs received an injection of capital from tax the American people in June 2009. However, Goldman has posted a profit surge almost six-fold compared to 2008. This is an advantage of trading stocks, commodities, and investment. (more…)

UK Urged Create Rules for Food Price Problem

World Development Movement, anti-poverty campaign group based in England, urged the British government to make regulations regarding food prices which are sold in the market. This regulation is to stabilize food prices. Since the global financial crisis erupted in 2008 and then, food prices jumped sharply. This antipoverty group wanted the UK to lead the countries in the European Union in the making of regulations concerning food prices as it had done the United States government.

Legislation to reform Wall Street, the Senate produced last week, including commodity trading regulates foodstuffs. Anti-poverty campaign group was blamed as the cause of the emergence of the banking financial crisis impact on food price volatility. When a crisis occurs, these groups said, drain bank funds to commodities of wheat and corn. Instead, banks have argued that increases in food prices due to rising demand from China and use of bio fuels.

“Banks make the high price of coffee, chocolate, and bread,” the group said the antipoverty campaign. So that most poor people suffer.

This antipoverty group asserted rights for the poor to escape poverty and a miserable end to the policy.