Goldman Sachs is considering strengthening internal rules, including on disclosing bankers’ personal financial holdings to clients, after being criticized in a recent court opinion because of a dealmaker’s potential conflict […]
By Jin Kyu Kang SEOUL (Reuters) – If you are thirty-plus and a woman with a masters degree in South Korea, you may need the help of a matchmaker to find love — and your worried mother may even end up doing the legwork for you. As women in this […]
By Rami G. Khouri The Daily Star, Beirut, Lebanon. What is it that drives ordinary Arab men and women to do extraordinary things, such as demonstrate against their government for 12 months non-stop, at the risk of being killed every day? I have heard many explanations for the ongoing Arab […]
Wall Street traders come and go all the time, but few have quit with the flair of Greg Smith. The way he resigned from Goldman Sachs, and what he had to say, could reignite a debate over how much Wall Street has changed in the wake of the financial crisis. […]
(Reuters) – U.S. retail sales posted their largest gain in five months in February as Americans stepped up purchases of motor vehicles and other goods even as they paid more for gasoline. Total retail sales increased 1.1 percent, the Commerce Department said on Tuesday, after a 0.6 percent rise in […]
Saturna Sdn. Bhd., a wholly-owned subsidiary of US-based Saturna Capital Corporation, has entered into an agreement with Crescent Wealth, Australia’s first Islamic wealth manager, to act as the portfolio manager of the Crescent International Equity Fund scheduled for launch later this year. “Saturna’s agreement with the Australian wealth management firm […]
The measures used to overcome the Asian financial crisis should not be overlooked by Europe. by Stephen S. Roach, who is Non Executive Chairman of Morgan Stanley Asia and author of The Next Asia. (AlJazeera) New Haven, CT – The austerity debate was the topic du jour at this year’s […]
By JEDDAH: GALAL FAKKAR, ARAB NEWS STAFF The Court of Grievances will be the final decision maker in any dispute between the Zakat payer and the Zakat and Income Tax […]
Source: The New York Times WASHINGTON — A World Bank report shows a broad reduction in extreme poverty — and indicates that the global recession, contrary to economists’ expectations, did not increase poverty in the developing world. The report shows that for the first time the proportion of people living in extreme poverty […]
In yet another sign of a strengthening recovery, the United States added 227,000 net jobs in February, the third consecutive month of gains over 200,000. The unemployment rate was unchanged from 8.3 percent in January, the Labor Department reported Friday, as nearly a half million people who had been staying […]
AMMAN – The Syrian lira has rapidly been losing value versus the Jordanian dinar over the past weeks, reaching 117 liras per JD1 record low on Thursday, money changers said. […]
Source: research-live.com UK— Business prospects remain strong for research in 2012, according to a survey of 411 UK research professionals conducted by fieldwork provider Schlesinger Associates. “2011 held its own and many anticipate the same to be true for the coming year,” Schlesinger’s study says. The majority of respondents to […]
NEW YORK (CNNMoney) — A federal court jury in Houston found former financier R. Allen Stanford guilty Tuesday on 13 of 14 counts of running a Ponzi scheme. Stanford, who […]
MUMBAI, India — While China was becoming the world’s shop floor, India took its place as the world’s pharmacy, and in recent decades has been the largest provider of cheap, lifesaving medicines in poor countries across the globe. But most of that medicine has been generic copies of brand-name drugs […]
If you got rid of the outer trappings of wealth, would you gain inner wealth? One woman says yes, and is trying to convince others that backing away from what she calls “a greedy consumer society” provides a better quality of life and personal freedom. Heidemarie Schwermer, a 69-year-old German […]
MANILA, Philippines—Visiting personal finance guru Suze Orman sees the Philippines soon shining in the global community as an investment hub and having more of its households emancipated out of their dependence on overseas remittances. Orman, who was once described by USA Today as a “one-woman financial advice powerhouse,” said, however, that Filipino […]
(Reuters) – President Barack Obama and Israeli Prime Minister Benjamin Netanyahu are deeply at odds over how fast the clock is ticking toward possible military action against Iran’s nuclear program, and their talks on Monday are unlikely to change that. Even though Obama has offered assurances of stiffened U.S. resolve […]
By KHALID ALNOWAISER, ARABNEWS I recognize well this is very sensitive subject because human nature prefers not to hear the truth and simply wants to receive good news even at the expense of reality. However, let’s be frank: Most Islamic countries are being left behind in social progress as compared […]
A criminal complaint filed this week against a wealthy New York woman alleges that she kept an undocumented immigrant as a house worker for years, paying her just 85 cents an hour for nearly constant labor, and making her sleep in a walk-in closet. Read more: