News

JP Morgan hopes merging divisions will pay dividends

With many financial institutions coming under pressure to restructure their businesses in the wake of the last few years of economic turmoil, some firms have looked to separate aspects of their business in order to isolate the potential risks. JP Morgan, however, have announced plans to merge their corporate and investment banking divisions with their…

Belgium shuts nuclear reactor for possible cracks

Belgium has interrupted the use of one of its seven nuclear reactors, after suspicion was raised that one of its components might be cracked, according to the local atomic regulator. The Doel 3 reactor, located around 25km north of Antwerp provides around 16 percent of the country’s nuclear energy. The suspected damages aren’t thought to…

US wants help with Sudan oil deal

After agreeing a deal between Sudan and South Sudan that aims to open up the oil production of the two countries, the US is hoping that China and Middle Eastern states will help invest up to $3bn to get oil flowing. The deal between the two neighbouring countries will see South Sudan pay a fee…

How to Invest in Forex Using Fundamental Analysis

Forex trading is one of the most rapidly expanding markets in the world of finance and there are many different ways to approach your investment.However, the majority of trading styles can be split into two camps; technical and fundamental analysis. Technical analysis involves in-depth scrutiny of past patterns as those who follow this method believe…

Greek bank chief sends savings overseas

With the financial crisis engulfing the Greek economy, the leaders of the country’s state owned financial institutions might be expected to show solidarity with struggling citizens by keeping their money in the country. However, it has been revealed that the former chief of struggling ATEbank has been transferring his personal savings abroad. Theodore Pantalakis admitted…