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Researchers at the MIT today revealed the results of research on social trading behaviour within the eToro investment network, that demonstrated higher gains for financial traders that responded to copy trading recommendations. According to MIT researcher Dr. Yaniv Altshuler's research, providing the name of a specific `guru' to copy enabled online traders to uplift earnings by 6-10% compared with trades used without social networks and 4% when compared with unguided copying where copied gurus were selected without the benefit of a specific recommendation. This research suggests that "tuning" social trading networks by providing carefully selected copy recommendations can increase gains and boosts average returns per user, while preventing "bubbles" in the market

[Economy , Investors Cut , Latin America ] According to a World Bank report, Mexico has a macroeconomic stability, something that was reached in the last decade. However, the bank points out that risk is slightly higher because the country's fiscal policy is … more

What people will be talking about on Twitter, Facebook, Google Plus, and LinkedIn? Bernardo Huberman, director of HP Labs Social Computing Resarch Group, claims to have created a formula to predict people's behavior tendencies on social networks. The physicist introduced the formulas in a lecture in the Pontifical Catholic University of Rio Grande do Sul, in Porto Alegre, Brazil. One of his main tools is Twitter. According to Huberman, the level of attention a subject gains at the microblog determines how much it would spread and how big the revenue can be

JPMorgan's Trading Loss Is Said to Rise at Least 50% NYT - The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank's initial $2 billion estimate by at least $1 billion, according to … more

[Business , Investors Cut , Latin America ] Ecopetrol beats Petrobras market value Colombian oil company Ecopetrol has overcame Petrobras as the biggest business in Latin America in market value measures. According to Economática consultancy, Ecopetrol has a market value of over US$ … more

OGX, the crude oil arm of the group EBX owned by billionaire Eike Batista, is experiencing a decline in oil production at the Campos Bay. Now, the forecast is that OGX will produce 5,000 barrels a day - a third of the first prediction. As a result, the company's papers had a fall of 41 percent, an equivalent to nearly US$ 5 billion. The losses, according to ranking, made the billionaire lose his post at the eighth richest man in the world to below twenties.

Jewellery is the largest selling product online and every four minutes a jewellry piece is sold in India. The purchasing trend is different according to geographical areas.Although a majority of jewelry sellers have their own websites, they tend to neglect the importance of promoting their websites. It is believed that many people have the habit of doing online research about the products they are about to purchase.

A recent World Health Organization (WHO) bulletin reports that more than 92,000 people in 83 countries died of mesothelioma between 1994 and 2008. The WHO has been compiling mortality statistics on the asbestos-linked cancer since 1994 when mesothelioma was first recorded.

The eurozone is facing a "bleak" winter, according to audit firm Ernst & Young. A "mild" recession is likely in the first half of next year, leading to economic growth of just 0.1% for the whole of 2012, it predicted. Ernst & Young also said unemployment in the eurozone was unlikely to fall below 10% until 2015. Meanwhile, Greece - Europe's most indebted country - said that it would have its worst recession ever in 2011.

According to the New York Times, Mitt Romney's campaign allowed unrestricted access and details to his federal tax earnings on Tuesday morning, displaying that he will most likely pay $6.2 million in taxes on $45 million dollars in income over the two year period (2010 and 2011)

According to the New York Times, Mitt Romney's campaign allowed unrestricted access and details to his federal tax earnings on Tuesday morning, displaying that he will most likely pay $6.2 million in taxes on $45 million dollars in income over the two year period (2010 and 2011)

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NCDEX Guar seed and Guar gum has postponed the launch of the August futures. According to a circular issued by the Exchange until further notice guar futures August launch has been delayed..... Read more here- http://tinyurl.com/6pgj9v2

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