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BP Profits is Shrunk More than 50 Percent!

March 3rd 2010 01:33

British Petroleum, or formerly known as “BP”, is the United Kingdom’s largest oil company and world’s third largest energy company, has been reported with a huge profit shrunk for its second-quarterly profits!

According to the latest report, the total profit of the second quarter was US$3.1 billion, which is only 47 percent of the US$6.75 billion for the same period a year earlier.

With the previous first-quarterly profits of US$2.4 billion, it accumulated to US$5.5 billion for the first six months of 2009. However, the statistic shown that the profit was 57 percent less, compared with the first six months of 2008!

BP mentioned that they’d already achieved the US$2 billion in cost-cutting. They’re going to save a further US$1 billion for the rest of the year. In addition, BP financial is steadily grown over the past few months, despite the economic turbulence.

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Barclays Workers Might Be in Strike Ballot!

February 24th 2010 01:18

The turmoil in the financial market has putting many pension schemes into deficit. Barclay, as one of the major global financial services provider, which is having its headquarter in London, England, United Kingdom, has been in deep trouble, when they decided to shut its final-salary pension scheme to their existing 18,000 staffs!

The workers are pissed off with this decision and they will not tolerance with this unfair incident. As a result, the workers are seeking for help from the Unite Union to hold a ballot in the August, since 92 percent of the Barclays’ staffs want to be balloted on industrial action.

Meanwhile, John Varley, Barclays chief executive told their staffs in a letter, the bank’s pension fund deficit was in deep financial trouble. He mentioned that this is the best way to overcome the current situation!

For your information, the final-salary pension schemes are extremely important, as it promises to pay a retirement income, which is based on a percentage of your salary every year for the rest of your life, when you’re working for a company!

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Bank Suddenly Disappeared in Uganda!

February 11th 2010 02:05

You’re a very hardworking and thrifty person, where you kept most of your earning in the bank, as you thought it’s the safest place in the world! Well, don’t be so sure about it, as there are many unpredictable possibilities…

Recently, there is a case in Uganda, where the local people have been scammed by a banking fraud. For your information, the scammers have chosen Malaba, the remote town on the Uganda-Kenya border as their target.

Like other banks, the scammers have opened an office in Malaba town. They’ve also advertised their bank on radio, by paying with the fake cheques.

They’ve setting up a fake bank and taking over US$100,000 deposits, before they fleeing away from Malabar town!

The more ironic thing is the landlord who lent out the building to the fraudsters, Richard Ojore has been set up, as him didn’t know they’re the scammers. He has been paid with a fake cheque and became a victim in this incident, as other people did!

The fake bank is given named as “Visa Finance Bank”. Uganda polices are trying to arrest those scammers, and they hope the scammers won’t going too far!

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Au Revoir, Vauxhall Corsa!

February 3rd 2010 01:57

The UK’s biggest driving school, BSM has been announced that it’s time to replace all the Vauxhall Corsa in the upcoming four years.

BSM described that they’ve signed up an agreement with Fiat, which the Italian car manufacturer is going to provide the car driving company with 14.000 cars in the next four years. Most of the cars’ model is Fiat 500 series!

Frankly, this action is totally a shock to Vauxhall, as nearly 70 percent of the car learners are having the desire to buy the same car model, once they’ve passed their car driving test!

Abu Shafi, the managing director of BSM, pointed out that the decision is being made, based on the car learners will, as most of their car learners prefer to drive a more fashionable car, which the Fiat 500 would be a fantastic choice than the old-fashioned Vauxhall Corsa!

C’est La Vie, once you’re out, you’ll be replaced with a newer and fashionable stuff!

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A Huge Profit Rise for Deutsche Bank

January 26th 2010 02:05

Whilst over 80 percent of the banks in worldwide sunk in the financial trouble, the Deutsche Bank is one of the fortunate banks that reported a huge profit rise for its second-quarterly profits.

As the Germany’s largest bank, Deutsche Bank has passed the “economy crisis test” with flying color, when it reported a 67 percent rise compared with the same period in previous year!

Furthermore, Deutsche Bank accumulated a net profit of US$1.556 billion for the second quarter of 2009. It’s a measly US$500 million of profit gained than a year ago!

Dr. Josef Ackermann, the chief executive of Deutsche Bank mentioned the bank has well prepared for overcoming the uncertain changes in the next few months!

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U.K. Banks Have to Face with Tougher Regulation!

January 11th 2010 12:37

It seems like the U.K. banks have many things to settle, as they’re having a tougher regulation now.

Mr. Alistair Darling, the honored Chancellor of the Exchequer, had already outlined a new council to observe the financial stability. However, they’re keeping the current system of regulation during the observation.

Meanwhile, the Conservatives claimed that it would be better to abolish the current system and give more supervision power to the Bank of England!

George Osborne, the Shadow chancellor mentioned the government’s reforms were totally an “inadequate response” to the economy crisis.

According to Alistair Darling, the financial system is essential, as it to ensure robust regulation between banks and financial institutions, so they could be better managed and organized!

Well, there will be more arguments about this reform, and I’ll keep you all update, when I have the latest news about it…

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What to Do When Your Business is getting in Troubled?

October 21st 2009 05:00

When you’re involving in the business world, there are many unpredictable events that might take place without your expectation. For example, who will ever figure out that the global recession is hitting so hardly, until many of the financial institutes declare bankruptcy one by one in the past few months? In this economy turbulence, there are more than 500 million of people from around the world that loss their job. The situation is worsening, especially in the United States, European countries and Asia region!

I personally feel the heat, as many of my friends have been the victims of the downturn of global economy. Most of them were been fired from their previous job, while some of them are having financial trouble on their self-own business. They knew I’ve been worked as a former financial consultant for a period of time. That’s why, they’re flocking to me and ask for my opinions.

Well, as the old saying, “When there’s hope, there’s a way”. I’ve several suggestions here to help you overcome the financial difficulty.

Tips No.1
Cut off the budget/expanses. Even though it’s so lame, but it’s as far the most effective way to maintain your business within the budget!

Tips No.2
Organize a charity fund raising. It’s a best method to raise some good money, but you have to sacrifice some precious time on the preparation.

Tips No.3
Apply for the payday loans. It’s the fastest and perhaps the most effective way to get the fast cash. If you’re having a financial crisis that needed to be solved within several days or weeks, it would be the lifesaver for your business.

Tips No.4
Borrow from your family, friends or colleagues. Well, if I were you, I won’t do it, unless I really didn’t have any other choices.

No matters which type of way you’re choosing here, please don’t forget that all the above four tips are better than begging in the street corner. By the way, if you need some fast cash, you should know that the online cash advance is always the great option to help you get over the financial problem instantly.

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The War Between Google and Microsoft Continue…

October 18th 2009 07:07

First of all, I must congratulate Google, as it finally out from the BETA version, after such a long time reside in the nutshell.

Secondly, it seems that Google is starting to paving up its move to break the Microsoft’s domination.

As we knew, the Windows operating system is Microsoft’s main resource, as it powering up to 90% of the world’s personal and offices’ computers. Although Linux had tried they best to share the lion’s share, but it seems they’re failed to do it!

Undeniable that Google is the biggest tycoon in the search engine tool program. However, they want to get further, and maybe breakdown the domination of Microsoft in Computer’s operating system.

In this case, Google had promised to give a better platform to the computer users, which your PC won’t need to have to do the heavy lifting, as all the applications will run in your browser automatically, thanks to the Google’s gigantic server system!

Google is about to bring a brand new revolution onto the computer operating system. In the near future, many consumers will change the Window’s operating system to the Google’s Chrome online operating system.

Well, it’s just the matter of time…

Note: Picture thanks to desicritics.

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What Type of Characteristic of The Good Property Buyers Must Have

October 16th 2009 06:40

Many people love to do investment, as they think it’s one of the best option to earn certain amount of money in fixed period. Honestly, those people who have more guts are mostly involving themselves in the stock or forex, as it’s the fastest way to become a millionaire overnight. However, they didn’t realize that it’s also the speedy way to push yourself to the danger of bankruptcy. It sounds like “Show hand” in poker game; either you get it all or lose it all at once!

Honestly, I’ve involved in the stock, forex and bonds in the past few years. I agreed that it’s one of the good way to earn a lot of money instantly, but it wasn’t the best way, especially for those amateurs who didn’t have any practical skills or experience on it!

I witnessed by my own eyes that a few of my friends had turn from zero to hero and otherwise in less than few months, thanks to the stock and forex. The changes were tremendous and as fast as lightning speed! They told me, if they have the second chance, they’ll not going to involve in the dangerous games again.

For your information, the best investment from the past until present is still the real estate property. Go figure, once you bought a new car, regardless of its brand, the selling price is starting to fluctuate drastically. When you’re trying to sell it after two or three years, it might has devalued up to 50 percent of more!

Meanwhile, the case is obviously different with the real estate property, where the price is mostly spiking high year by year, especially if your property is situated in the strategic area.

By the way, you can evaluate yourself, the characteristics of good property buyers through his/her attitude:

The property buyers showing their interested, by offering a reasonable (or lucrative) buying price for the property. Honestly, most of the property sellers didn’t want to bargain with the property buyers, unless they have to do it! Isn’t it wonderful, if you meet a generous property buyer, who give a reasonable offer and sign the agreement without any further hassle?

Secondly, those property buyers who decided the buying deal instantly. Honestly, waiting is a very painful moment, as you didn’t want to waste over months or years waiting for the reply from the property buyer?

You’re going to love the property buyers who promptly pay up after signed the selling agreement. You must be insane, if you're refused to accept the payment from the property buyer!

By the way, you can list out the properties that you want to sell, by placing them on the internet. In this case, you’ll be one of them who is in the portfolio property buyers. If anyone is interested on the properties that you’ve listed, they’ll purchase and you receive the profit afterward. It’s one of the best and easiest way to sell your property online.

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The Final Destiny of GM – The Biggest Bankruptcy of Carmaker in History!

October 15th 2009 06:35

Once upon a time, General Motors (GM) was the biggest carmaker company in world. They’ve a very glorious moment, where they’ve earned over billion of profit every year.

Now, it’s turned into a history, after its declared the bankruptcy and becoming the biggest industrial bankruptcy in world as well!

For your information, GM was established in 1908, and William “billy” Durant was the proud founder of GM.

GM joined the Dow Jones in 1925, and had quickly turned into one of the famous stock after only few years!

Believe it or not, GM had over 50% share of the US car market, which is making her the biggest lion share’s of all.

GM had made the 100 millionth car in the U.S. by 1967, however the trouble was starting to follow GM afterward…

After a glory of over 101 years, GM had officially declared bankruptcy in June 1, 2009. The car industry tycoon is disappeared from our vision forever…

Note: Photo thanks to gm-volt.

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March 2010

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