The fourth quarter earning of reputed bank and investment banker Goldman Sache dropped by 52% as reported by the banking authorities at the end of this quarter. A huge drop in the earning was reported as there was a massive drop in revenue from investment banking and trading.
The European nations are now urging Portugal to accept a bailout package in order to save Spain. Actually, Portugal is highly exposed to Spain and if one becomes insolvent, the effect will come on the other. If Portugal does not accept the bailout package, then both Spain and Portugal will need the bailout and that […]
Toyota has asked their manufacturing arm in USA to shut down their operations as there is a shortage of parts from Japan. The earthquake and the tsunami has left a devastating effect on the manufacturing industries of Japan.
