LETTER FROM ASIA-PACIFIC | The Chinese hard spirit baijiu is known for its fiery taste, but some makers have added an extra kick in the form of powdered Viagra, according to the government’s food safety bureau.
The European interchange fees reduction project is very similar to the measures adopted by the Spanish Government in 2005. However, several studies show that measures adopted to reduce interchange fees have finally harmed consumers, as French site Bursorama points out. Is there any ideological agenda behind it?
NEW YORK | Last week 15 major banks, including the nation’s three largest institutions, JPMorgan Chase, Bank of America and Citigroup, which together have more than $6.4 trillion in assets, suffered credit ratings cuts by Moody’s. No matter their efforts to strengthen their operations since they received a warning in February, their core businesses still present structural weaknesses, the ratings agency said. Bank of America, which owns Merrill Lynch, and Citigroup,…
NEW YORK | “It’s the same Google experience that you’re used to, with the same controls,” said the company about its new privacy rules on Thursday. Really? Announced in January 24 and despite warnings from the EU earlier this week, Google’s highly controversial privacy changes took place on March 1st. European justice commissioner insisted they are in breach of European law. France’s regulator CNIL expressed its deep concern about the…
NEW YORK | Bank of America’s decision to charge customers $5 a month to use their debit cards starting sometime next year has risen an enormous outrage in the US. The company’s stock price has fallen (as of October 4, earnings estimates had fallen to 19 cents a share from 27 cents on Aug. 1). Customers have complained. The bank’s website has experienced significant problems that some believe might be…
NEW YORK | Bank of America’s decision to charge customers $5 a month to use their debit cards starting sometime next year has risen an enormous outrage in the US. The company’s stock price has fallen (as of October 4, earnings estimates had fallen to 19 cents a share from 27 cents on Aug. 1). Customers have complained. The bank’s website has experienced significant problems that some believe might be…