There was drop in U.S. stocks following the day the Standard & Poor’s 500 was unable to sustain an almost four year-high when sales of previously owned houses fell short on forecasts at the same time economic information from both Europe and China are posing significant headaches. The S&P 500’s current loss clipped its gain in February to 3.5 percent despite the index is said to brace for a 3rd consecutive month of gains, its longest streak in a year. Yesterday, it failed to sustain its gain over 1,363.61 …

In the stock market, after Greece finally decided to come to an agreement to and accept the austerity terms in order to get a financial rescue package, UK stocks soared to its highest since July recovering from a drop a week ago. Reaching 5,905.7 at the close in London, the FTSE 100 index climbed by 53.31 or 0.9 percent, the top so far since July 26. The FTSE-All Share Index (ASX) elevated also by 0.9 percent today and Ireland’s ISEQ Index increased to 0.1 percent.
This past week legislation …

The FTSE 100 ended running way ahead of the pack in the stock market as Greece was closing in to securing its financial rescue package. Things are looking bright as Greek politicians have come to acceptable terms necessary in order for the country to acquire its second bailout which could be approved as early as Monday.
In preventing Greece from experiencing financial bankruptcy, it would seem to be a very significant measure in putting market pressure off on other debt-laden countries included in the euro zone region while shielding the banking …

UK unprepared for upcoming fundamental changes to financial reporting standards shows recent survey.
A survey of the Ernst & Young shows that most of the finance executives in the United Kingdom are not ready yet for the major changes in the international standards for financial reporting. This is after the announcements of the UK financial staff that they will be introducing new standards in financial reports, which will surely affect various aspects of different businesses. Its impact is targeted to affect the procurement, corporate transactions as well as covenants and even …

The US Federal Reserve has shocked analysts by announcing its intention to hold interest rates until 2014 in light of perceived significant underlying risks to the US economic recovery, paving the way for currency traders to capitalise on a falling dollar.
The Federal Reserve has surprised analysts by announcing it intends to maintain the current level of US interest rates until 2014, sending the value of the dollar plummeting and causing market concern over the outlook for the US.
The world’s largest economy, the US has been on a sluggish growth trajectory …