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Besides the current bombardment of news surrounding the solution to the Greek debt crisis, the EU also unveiled its plans to further regulate offshore oil and gas drilling companies. Hoping to avoid another potential BP oil spill , the EU plans to increase legislation regarding pollution costs—and the industry is not responding favorably, since many oil companies are arguing that further legislation is unnecessary, since they have already taken sufficient preventative measures. However, the counterargument to this is that this legislation would act as a sort of insurance, since the cost of the legislation only represents a small fraction of the potential costs associated with a new oil spill. The proposed EU law plans to “ enforce a regime of independent checks. Companies would have to draw up detailed safety reports and emergency response plans. ” It would also “ expand the reach of that legislation from 12 nautical miles offshore (22 kilometers) to 200 nautical miles (370 kilomete...

Oh my god. Another disaster has occurred, and this time is Thailand's turn. Finance Malaysia would like to offer condolences to Thailand for its massive damage caused by floods. This is not an ordinary floods, please read the numbers below then you will know. worst floods in 50 -years!!! more than 300 lives gone affecting nearly 9,000,000 people Started weeks ago at upper Thailand, the floods were spreading down to its capital - Bangkok - now. Bangkok has more than 12 million population.  The situation can only get worse from here and everyone is fleeing the city, searching for higher grounds and off to vacation. People are snapping up dry foods, fresh waters and daily products, hoping to brace through the difficult periods. Will Thailand went into recession? With Bangkok being the major engine of the country, many economists are expecting that the strong flooding in Bangkok would severely impact Thailand's GDP growth. Bank of Thailand (BOT) already downgrading their growth f...

Rajat K. Gupta, former director on the Goldman Sachs' Board and trusted advisor to several prominent companies, was indicted on Wednesday on charges of security fraud. Mr. Gupta is suspected of divulging information to Raj Rajaratnam, who was sentenced to 11 years in prison earlier this month for insider trading. Mr. Rajaratnam, head of the Galleon Group hedge fund, is believed to have received various tips from Mr. Gupta regarding both Goldman Sachs and Proctor & Gamble. For example, Mr. Gupta's phone records show that he called Mr. Rajaratnam immediately after a board meeting discussing Warren Buffet's $5 billion investment in Goldman Sachs in 2008. Soon after, the Galleon Group bought shares of Goldman Sachs, which eventually netted a profit of about $840,000. Mr. Gupta is also accused of sharing information about both Goldman Sachs' and Proctor & Gambles quarterly results. However, the strength of these accusations is uncertain due to the...

Recently, the Chief Executive of Ryanair, Michael O’Leary, has revealed the company’s plan for expansion to the Financial Times . He is looking to double Ryanair’s current fleet size of about 270 aircrafts as well as increase the passenger numbers from 72.1 million in 2010/11 to between 120 million and 130 million by the end of 2021. This ambitious plan, if followed through to fruition, would place Ryanair among one of the largest airlines in the entire world. Ryanair is Irish low-cost airline headquartered in Dublin Airport with around 270 Boeing 737 to 800 airplanes and over 1100 routes across Europe. The company has made its name through rapid expansion, which resulted from the deregulation of the European aviation industry near the end of the 20 th century, as well as a low-cost business model. Currently, Ryanair has a number of competitors also providing flight services cheaply, most notably, EasyJet. For the proposed expansion, Ryanair has been in contact with its lo...

Though this week's event marked the end of the semester's Investment Banking segment, it was certainly one of the most successful and informative events we've had thus far. It began with our weekly Market Update, led by board members Vivek Nayar and Abhi Kanakadandila, after which Andy Rosenberg, Managing Director of the FIG group at Credit Suisse, took to the stage to describe the general IPO process. He walked the club through each stage of the process, and was able to give some insight into the role of a junior analyst at each stage. Attendance was one of the highest we've seen so far (partly because of the Artichoke pizza), and it was great to see all of you guys actively participate in the Q&A and networking. Next week we'll be moving into our Sales & Trading segment of the semester, starting with our first event, Monday during common hour. Be sure to come out and see Stern's very own Professor Charles Murphy give a presentation on Investment Bankin...

Thursday, October 20th is a day which changed the lives of Libyans forever. Muammar Gaddafi was killed by rebels, effectively ending the long and bloody war that devastated Libya. Gaddafi ruled over Libya with an iron fist for most of his life, and for longer than most Libyans have been alive. It seemed as though Gaddafi would remain in power forever. I remember vaguely learning about the cruel dictator, but he didn’t seem to have the "evil factor" Saddam Hussein did. It appears his reserved approach to the international community allowed him to stay in control and rule Libya ruthlessly for over 40 years. This domestic emphasis left the rest of the international community almost oblivious due to major powers turning a blind eye. As soon as conflict broke out across the Middle East it was not too farfetched that this issue in Libya would arise. The oil deposits throughout the region are deep and the uncertain nature of their status and availability to the rest of...

You might wonder why all the talk about greed and Wall Street. Isn't the real issue that the American economy is moribund and that unemployment is at staggeringly high levels? Why is the national debt important? Because it threatens the economic vitality of the future. These are the real issues -- the economy. They are made more real by the simple fact that opportunities for those who are less fortunate always improve with economic growth and always decline with economic stagnation. Case in point -- today. As much as the Obama folks crow that they support the economically less fortunate, the Obama policies are devastating the poor, minorities and the less fortunate among us. Folks cannot find work. That is the real problem. It is clear that President Obama will never focus on the economy's real problem -- stagnation and unemployment. He doesn't understand such problems because he has never experienced them and knows no one who has ever experienced these problems. ...