Category Archives: Articles

AmEx Raises Credit Card Rates, Cuts Jobs, Faces Pressure From Visa And MasterCard

American Express made two announcements last month: First, the financial services corporation will be cutting over 4000 jobs companywide. Second, interest rates will rise for over one million AmEx cardholders. This is following increased competition from Visa and MasterCard, reports that AmEx has been losing their wealthiest customers, and recent industry rumours that Costco and […]

The Impact of A Strong US Dollar On The Mining Industry’s Margins

While commodity prices have driven profits in mining down, a strong US dollar increased the value of precious metals for international mining organizations that trade with the US but pay for expenses and labour in local currencies. According to the Wall Street Journal, the US dollar increased by 5% against the Australian dollar, 7% against […]