Why Online Tutors Are Best For Your Child?

November 27th, 2014 by James

If your child has been struggling with marks during classroom examinations, it is time that you place your trust on an online tutor.

why online tutors are best for your child

In this piece of information, we would be focusing on the benefits of online tutoring for students and parents. This would prove beneficial in creating and developing a clear understanding about this innovative form of educational learning.

Benefits For Students

  1. Since the online tutor offers complete and undivided attention to the child, the child is able to learn more of qualitative nature.
  2. The child is not expected to spend countless hours in commuting in the internet form of tutoring. He or she can contact the tutor by just having a personal computer/laptop/mobile and an internet connection.

Benefits For Parents

  1. Parents don’t have to visit the offices or homes of tutors to find the right tutor for their child. They just need to visit the website of a reputed and professional provider of online tutoring services.
  2. Online tutors are thoroughly screened in the context of background checks and educational credentials.
  3. Children don’t need to visit the tutor’s place to learn. This saves a significant amount of time, effort, and money and the child can safely & securely learn from the comfort of his or her home.

In short, online tutoring is the best and the most convenient option for parents and students in the road to educational success.

Dow And S&P 500 Finished At Record Highs

November 21st, 2014 by Jenna Anderson

On Thursday, the Dow and S&P 500 finished at record highs as data suggested further strength in the U.S. economy and Intel gave an upbeat forecast.

Dow And S&P 500 Finished At Record Highs

Technology shares gave the markets their biggest lifts, along with energy. Intel shares jumped 4.7 percent to $35.95 to boost all three major indexes. Intel shares hit their highest level since January 2002, after its 2015 revenue outlook was above expectations of the Wall Street and the company raised its dividend.

Data showed factory activity in the U.S. mid-Atlantic region grew at its fastest pace in two decades. In October, U.S. home resales jumped to their highest in more than a year.

Margaret Patel, senior portfolio manager at Wells Capital Management, said growth in the economy and earnings should bode well for stocks heading into next year.

“Next year will be a reasonable to maybe a surprisingly good year,” she said. “(There is) no reason in the world why we can’t see P/Es expand.” Patel said stocks could rise by a mid single-digit to high-teens percentage next year.

The Dow Jones industrial average rose 33.27 points, or 0.19 percent, to 17,719, a record close. The S&P 500 gained 4.03 points, or 0.2 percent, to 2,052.75, its 44th record high this year. The Nasdaq Composite added 26.16 points, or 0.56 percent, to 4,701.87.

NYSE advancing issues outnumbered decliners 2,013 to 1,025, for a 1.96-to-1 ratio; on the Nasdaq, 1,824 issues rose and 893 fell for a 2.04-to-1 ratio.

Hungarian Protesters Urge To Scrap Internet Tax

November 1st, 2014 by James

On Sunday, more than 10,000 people marched in Budapest to demand the scrapping of a proposed tax on Internet use. The critics of Prime Minister Viktor Orban call the proposed tax on internet use as his latest anti-democratic measure.

Hungarian protesters urge to scrap Internet tax

“There will be no Internet tax… we will block it,” organizer Balazs Gulyas told the crowd to cheers. “If the tax is not scrapped within 48 hours, we will be back again,” he said.

In an echo of recent pro-democracy protests in Hong Kong, the crowd held smartphone torches aloft outside the economy ministry and held signs with slogans such as “Free Wifi! Free Internet! Free Hungary!”

Included in Fidesz’s 2015 budget proposal, the tax would charge telecom companies 150 forints (about 61 cents) per gigabyte of data and can reduce the budget deficit of Hungary to within the European Union standard of 3 percent of GDP by generating potential revenue from the tax at 100 billion forints ($414 million).

Economy Minister Mihaly Varga said the tax of 150 forints (0.50 euros, $0.61) on each transferred gigabyte of data — was required to help shore up the 2015 budget of Hungary, one of the EU’s most indebted nations. Varga added the internet use tax was fair because it was a shift away from phone lines and to the Internet.

“The EU has been critical of Orban for introducing illiberal policies, but they’ve not used all available tools to sanction him,” said Tsveta Petrova, a Europe analyst at Eurasia Group, a political risk consultancy. “They’ve allowed Fidesz to claim it is defending Hungarians against the interests of European bureaucrats.”

‘No’ Campaign Victorious In Scotland

September 22nd, 2014 by James

Following a historic referendum vote, Scotland will remain part of the United Kingdom — along with England, Wales, and Northern Ireland. A majority of voters rejected the possibility of Scotland getting away from Britain and becoming an independent nation. The “No” campaign has won the referendum on Scottish independence with 31 of 32 councils declared.

'No' Campaign Victorious In Scotland

Admitted defeat in Scotland’s independence referendum, Scottish First Minister Alex Salmond urged the rest of Scotland to do the same. In a televised statement, Salmond thanked Scotland “for 1.6 million votes for Scottish independence.”

Edinburgh voted overwhelmingly to stay in the union with 123,927 for “Yes” and 194,628 “No” votes. Argyll and Bute and Aberdeenshire also voted “No.” Glasgow delivered a solid win for the independence camp with 194,779 votes for “Yes,” and 169,347 for “No.”

The counting officer for Edinburgh, Sue Bruce, explained each ballot will be double-checked, to verify each voter’s decision.

Addressing dozens of election workers, Bruce added, “I look forward to working with you during the course of the evening to deliver an accurate and transparent Edinburgh count in which you and the voters of Edinburgh can have full confidence.”

About 790,000 people applied for a postal vote — the largest volume of registration for postal votes ever in Scotland. The vote for the first time was extended to 16- and 17-year olds living in Scotland. Nearly 110,000 people younger than 18 had registered to vote.

Dollar Climbs To New Six-Year High Against Yen

September 10th, 2014 by James

Today, the US dollar rose to a new six-year high against the Japanese yen as the Australian dollar nursed a second session of heavy losses after further gains in U.S. Treasury yields.

Dollar Climbs To New Six-Year High Against Yen

U.S. Treasury yields have moved up as a result, with the two-year US2YT=RR within sight of a three-year peak of 0.590 percent set in late July. On Wednesday the 10-year yield US10YT=RR popped back above 2.50 percent, off a recent low of 2.30 percent, and was at 2.505 percent in Asian trade.

“People missed their chance to buy the dollar on dips,” said Kaneo Ogino, director at Global-info Co in Tokyo, a foreign exchange research firm.

“The interest rate outlook is in focus, as Japanese yields will keep to lower levels,” he said.

The Australian dollar skidded 0.4 percent to $0.9162 AUD=D4, after dropping as low as $0.9154. This was due to a pick-up in market volatility pushing investors to pare back carry trades. The setback of Aussie dollar was sparked by a broad rally in the U.S. dollar. “Traders could see a further correction lower if we see a daily close south of $0.9175, which is a key support level,” said Stephen Innes, senior trader at OANDA Asia Pacific.

The euro edged down against the US dollar, moving back toward a 14-month trough of $1.2859 EUR= plumbed in European trade on Tuesday. The dollar index .DXY edged down slightly to 84.234 from Tuesday’s 14-month high of 84.519.

Foreign Fund Managers In India Can Hold More Government Debt

July 30th, 2014 by James

India on July 24 allowed foreign fund managers to hold more government bonds. The country however stipulated that they in future will not be able to hold debt of less than three years.

Foreign Fund Managers In India Can Hold More Government Debt

India permitted foreign institutional investors to hold a combined $30 billion in India government debt at any one time, comprising $20 billion for all foreign investors and $10 billion for long-term investors such as multilateral agencies, foreign central banks and pension, sovereign wealth funds, insurance and endowment funds.

On July 24, the country announced that the $20 billion limit will be raised to $25 billion but debt bought after the rule comes into force will have to be of at least three years. In the past, foreign investors were allowed to buy government debt of more than one year. Under the new rule announced by the Reserve Bank of India, the additional $10 billion of debt earmarked only for sovereign wealth funds, multilateral agencies, foreign central banks and pension, insurance and endowment funds – but not fund managers – will be reduced to $5 billion.

The central bank said the overall debt held by foreign institutional investment (FII) as a result will stay at $30 billion.

“I think a reasonable amount of money will flow in,” said Ashish Vaidya, executive director and head of trading and asset liability management at DBS Bank in Mumbai.

The country is expecting that its new business-friendly Prime Minister Narendra Modi will give a boost to the country by implementing faster reforms. Foreign funds have bought a net $11.95 billion in equity and $12.73 billion in debt so far this year.

Amex Set To Face U.S. In Antitrust Trial

July 14th, 2014 by James

Amex Set To Face U.S. In Antitrust Trial

American Express Co (AXP.N) is set to face off against the U.S. government and 17 states in a trial over claims that it stifles competition from credit card providers that charge lower processing fees.

The trial, which is expected to last two to three months, will have American Express rules at trial that bar its millions of merchants from offering incentives for customers to use less-expensive credit cards or cash when making purchases. According to the government, Amex charges the highest processing fees on average of any card network. The government, in a pre-trial brief, remarked that merchants would testify that they would like to use discounts and other tools for promoting competition among the card networks that would help them negotiate lower fees.

According to the Justice Department, the evidence presented at trial will reveal that rules of Amex  prevent credit card networks from competing for merchant business and deny merchants a way for reducing their costs.

The U.S. Justice Department and several states sued Amex, Visa Inc (V.N) and MasterCard Inc (MA.N) in 2010. The latter two settled the case the same day it was filed. The states include Michigan, Ohio, Texas, Missouri, Maryland, Arizona, and Iowa.

U.S. District Judge Nicholas Garaufis of Brooklyn will preside over the non-jury trial.

The case is United States of America, et al v. American Express Co, U.S. District Court for the Eastern District of New York, No. 10-04496.

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Oil Prices Jump On Iraq Concerns

June 17th, 2014 by James

Crude oil prices hit a high of nine months on Thursday over supply concerns and equities sold off as violence threatened to result in instability in Iraq.

Iraqi Kurdish forces took control of the northern oil hub of Kirkuk after Sunni Islamist rebel march towards Baghdad to threaten the future of Iraq as a unified state. U.S. President Barack Obama did not rule out U.S. action against the militants. “If this conflict knocked out Iraq as an exporter, that would have significant impact on prices,” said Christopher Bellew, a trader at Jefferies Bache.

Oil Prices Jump On Iraq Concerns

The Thomson Reuters/Jefferies CRB index .TRJCRB rose 1.1 percent, the most in two months. Brent crude futures LCOc1 rose 3 percent to $113.27 a barrel while U.S. crude CLc1 added 2.2 percent to $106.71, the highest reading for both since September.

“It’s a bit of a crisis mode here,” said Timothy Ghriskey, chief investment officer at Solaris Asset Management LLC in New York. “Geopolitical concerns have definitely taken over. It’s a very fluid situation and things are happening very fast, it seems.”

The Dow Jones industrial average .DJI fell 109.69 points or 0.65 percent, to 16,734.19, the S&P 500 .SPX lost 13.78 points or 0.71 percent, to 1,930.11 and the Nasdaq Composite .IXIC dropped 34.30 points or 0.79 percent, to 4,297.63. The violence in Iraq drove investors into U.S. Treasuries. U.S. 10-year notes were up 15/32 in price to yield 2.5861 percent, from 2.641 percent late on Wednesday. The 30-year bond rose 1-4/32 to yield 3.4084 percent.

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Leveraged ETFs Could ‘Blow Up’ Whole Industry, Says BlackRock CEO

May 30th, 2014 by James

Leveraged exchange-traded funds contain structural problems that may “blow up” the whole industry one day, BlackRock Inc (BLK.N) Chief Executive Officer Larry Fink said.

blackRock Inc Chief Executive Officer Larry Fink

“We’d never do one (a leveraged ETF),” Fink said at a Deutsche Bank investment conference in New York. “They have a structural problem that could blow up the whole industry one day.”

“If you want to create a safer and sounder marketplace, it has to be at the product level,” Fink said. He added regulators should focus on the structure of financial products.

ProShares, a leading leveraged ETF firm, disagreed with the remarks of Fink. “Leveraged ETFs are well regulated, transparent products and there is no credible evidence that they have any harmful effect on the markets or our industry,” said Tucker Hewes, a spokesman for ProShares.

Deborah Fuhr, managing partner of ETF research firm ETFGI LLP, said there were nearly 270 leveraged ETF funds with $30.3 billion in assets at the end of April. Fuhr added leveraged ETFs have attracted $1.8 billion in net new assets during the first four months of 2014.

The industry’s largest leveraged ETF is the ProShares UltraShort 20+ Year Treasury (TBT.P), which has about $4 billion in assets.

Leveraged ETFs account for 1.2 percent of the $2.5 trillion in global ETF assets under management.

In the past, U.S. Securities and Exchange Commission staffers have issued warnings about leveraged ETFs but no action has been taken till date to curb their availability.

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Pfizer Considering $100 Billion Bid For AstraZeneca

April 22nd, 2014 by James

Pfizer (PFE.N), U.S. pharmaceutical giant, has approached British rival AstraZeneca (AZN.L) for proposing a 60 billion pound ($101 billion) takeover, according to Britain’s Sunday Times.

Pfizer Considering $100 Billion Bid For AstraZeneca

The newspaper cited senior investment bankers and industry sources as saying that informal talks about a deal had taken place between the two but that no talks were presently underway after AstraZeneca resisted the approach. AstraZeneca, Britain’s second-biggest pharmaceuticals group, is commonly touted as a potential takeover target as it fights with patents expiring on a number of best-selling drugs.

The company has managed to attract attention for experimental cancer drugs it is developing and its acquisition may be good news for Pfizer that has faced patent losses of its own, notably anti-cholesterol treatment Lipitor. Pfizer could use cash it has accumulated through overseas subsidiaries that if repatriated to the U.S. would be heavily taxed.

AstraZeneca has a market valuation of around $80 billion, compared with Pfizer – valued at $193 billion, according to Thomson Reuters’ data. In the fourth quarter of 2013, earnings at AstraZeneca fell 6 percent and the company said it is expecting earnings to keep falling in 2014 as generic competition to Nexium takes a big bite out of U.S. profits from late May.

The last big acquisition of Pfizer was in 2009, when it bought U.S. rival Wyeth for $68 billion.

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