• British exports to the Portugal, Italy, Ireland, Greece and Spain plunged by 16% • The fall comes amid an 11% drop in the value of sterling against the euro Exports to the ailing economies of Portugal, Italy, Ireland, Greece and Spain have suffered steep declines, according to a study published today. The falls underline the challenges facing the government, which hopes to rebalance the UK economy and use exports to drive future growth. The study by Close Brothers, based on public trade data, says that the value of UK exports to the five countries plunged by 16% to £9.2bn between the second quarter of 2008 and the first quarter of this year

British boss of cloud computing firm at centre of takeover battle between Hewlett-Packard and Dell lands massive reward The British boss of a little-known Silicon Valley data storage company, 3Par, is set to become one of the UK’s wealthiest technology moguls, scooping a personal fortune of $96m (£65m) following a bid battle for the loss-making business between Hewlett-Packard and Dell. David Scott, 3Par’s chief executive, is the son of a Jamaican father and an English mother. The 48-year-old was born in the Caribbean but grew up in London and studied computer science at Bristol University

The stress tests were conducted to determine how well, if at all, the top 19 banks in the USA could withstand further or future economic hardship. When the tests were completed, regulators within the Treasury and inside the Federal Reserve began bickering with each other as to whether or not the test results should be [...]

Fibonacci Numbers You may have heard the terms “Fibonacci” and “Fibonacci Numbers” — what do they mean and how are they incorporated into trading indicators?  First things first, what (more specifically, who) is Fibonacci?  Leonardo Pisano (a.k.a. Fibonacci) was a 12th-century, Italian mathematician that developed a sequence of numbers where each successive number is the [...]