The U.S. Congressional Budget Office (CBO) affirms that the annual federal deficit will reach $1 trillion in 2012, for the fourth year in a row.
The largest venture capital firms, keep getting bigger.
As the economy takes center stage in the U.S. Presidential campaign, U.S. Treasury Secretary Timothy F. Geithnerdelivered an upbeat growth outlook at the World Economic Forum, but warned that America’s recovery could still be derailed by geopolitical and financial troubles abroad.
Billionaire investor George Soros told the World Economic Forum in Davos that it was possible Greece could be pushed out of the euro zone this year.
Chinese security forces have unleashed a harsh crackdown on Tibetan protesters, as Chinese forces fired tear gas at Tibetan protesters in Sichuan province, according to an activist group, just a day after forces fired on a crowd of demonstrators.
Two Iranian lawmakers are affirming that the country will shut off the Strait of Hormuz if the international community limits the sale of Iranian oil—which is what the European Union (EU) did.
China continues to invest in global infrastructure projects, as it has just announced that the China Investment Corporation, the country’s sovereign wealth fund, has acquired an 8.68% stake in Thames Water, Britain’s largest water and sewerage company.
Driven up by one-time gains, Bank of America on Thursday reported a fourth-quarter profit, following a loss a year ago, however the gain was overshadowed by continuing weakness on Wall Street.
The Carlyle Group, the private equity firm that is preparing to go public, is proposing the most shareholder-unfriendly corporate governance structure in modern history.
Goldman Sachs has reported that it earned $978 million in the fourth quarter, significantly below the $2.23 billion it posted in the period a year earlier, as the Wall street firm continued to struggle with poor economic conditions both nationally and internationally.
