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
India could be 1st BRIC to lose investment grade: S&P Reuters - Standard & Poor's said on Monday that India could become the first of the so-called BRIC economies to lose its investment-grade status, sending … more
Goldman Sachs has released a report that reveals that a lack of capital expenditure by Australian retailers has hindered their ability to capitalise on internet sales.
Tyler Durden makes this interesting post on zerohedge.com Not Even Goldman Understands This Market Any More: The following EOD commentary from Goldman's S&T desk pretty much summarizes how everyone feels. "All's well that ends unchanged (again) … more
Asia markets this week
Most of Asian stock markets, together with oil prices, slid on Monday this week as China's growth slowed down and European debt crisis is showing possibility to deepen again, particularly focusing on resurfacing issues from Spain and Italy.