You are here

Africa

Nomura Fires 1,000 As It Quits European Equity Business; Blames "Extreme Volatility And Lack Of Liquidity"

Nomura Fires 1,000 As It Quits European Equity Business; Blames "Extreme Volatility And Lack Of Liquidity"

The latest confirmation of the pain global megabanks are suffering as a result of an abysmal trading environment, in no small part made even worse due to constant central bank tinkering, comes from Japan's largest brokerage, Nomura, which eight years after buying Lehman's European and Asian units has decided to fire 15% of its European staff and is abandoning most of its European equities business.

Mercury To Pass In Front Of The Sun Next Month In Rare Event

At the beginning of May the planet Mercury is set to travel in front of the sun in a rare event that we will be able to see from Earth.  The planet will not travel between our planet and the sun again for another three and a half years. Businessinsider.com reports: Here’s everything you need to know to watch. The transit of Mercury occurs when Mercury passes between the Sun and Earth, and happens around 13 or 14 times each century. This year the event kicks off on May 9 just after 7am EDT (9pm AEST, 11am UTC), with the planet taking around 8 hours to make its glorious way across the Sun.

"The Greater Depression Has Started" - Comparing 1930s & Today

Submitted by Doug Casey via InternationalMan.com,

You've heard the axiom "History repeats itself." It does, but never in exactly the same way. To apply the lessons of the past, we must understand the differences of the present.

During the American Revolution, the British came prepared to fight a successful war—but against a European army. Their formations, which gave them devastating firepower, and their red coats, which emphasized their numbers, proved the exact opposite of the tactics needed to fight a guerrilla war.

Pages