Federal probe ordered into bribery allegations over JPMorgan Chase, another legal headache for the company


  A federal bribery investigation has been ordered to look into the allegations leveled against JPMorgan Chase & Co. that it has hired the children of top Chinese officials to win business. The case comes as another addition to the series of legal and regulatory headaches faced by the Chief Executive Jamie Dimon. Although DimonContinue reading “Federal probe ordered into bribery allegations over JPMorgan Chase, another legal headache for the company”

US regains top spot in confidence survey on FDI, beats China


US regain top spot as the top executive’s choice for FDI after a gap of 12 years. The reason behind this win for US is considered to have been its recourse towards sustainable and stable economic development in comparison to China. The United States was on fourth place in the same survey conducted in 2012. TheContinue reading “US regains top spot in confidence survey on FDI, beats China”

US GDP growth figures falls short of predictions, raises tensions for economic recovery


  Economic growth in US got back into some speed lately in the first quarter, but it was not as expected. This elevated tensions as an already weakening economy is showing positive signals to cope-up with deep government spending cuts and higher taxes. The Gross domestic product figures expanded at a 2.5 percent annual rate,Continue reading “US GDP growth figures falls short of predictions, raises tensions for economic recovery”

Obama seeks to bring Republicans in negotiation mode on Budget, softens stance


The $3.778 trillion spending proposal of President Barack Obama for the next year features few measures to slow the spending growth on Social Security, Medicare etc., With a view to bring Senate Republicans to the table for negotiations. The White House administration has said that it is ready to accept any benefit changes only if theyContinue reading “Obama seeks to bring Republicans in negotiation mode on Budget, softens stance”

Bond Purchases to be raised by Bank of Japan as Kuroda takes over control


The newly appointed Governor Haruhiko Kuroda has begun initiatives to end 15 years of deflation by doubling the quantity of monthly bond purchases to reach 2 percent inflation within two years. As Kuroda presided over his first meeting since swearing in the office last month, the board today rationalized its asset purchase programs and temporarilyContinue reading “Bond Purchases to be raised by Bank of Japan as Kuroda takes over control”