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FSB secures the future of Global banks by introducing TLAC
The Financial Stability Board (FSB), created by the leaders of the G20 economies in the aftermath of the Lehman Brothers collapse, published its finalized …
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Cybercrime Estimated To Cost World Economy About $445 Billion Annually
Cybercrime has developed into a global industry worth nearly half a trillion dollars with no indications of slowing down, so says a new report …
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Coal to outdo oil as key fuel of the global economy
According to energy consultancy firm Wood Mackenzie (Woodmac) Coal will outdo oil as the key fuel for the global economy by 2020. In spite of government efforts to abate carbon emissions, increasing demand in China and India will push coal past oil, as the two countries will need the comparatively cheaper fuel to power their economies, while coal requirement in the United States, Europe and the rest of Asia will remain stable.
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OECD revises eurozone growth outlook as Europe poses threat to global economy
The OECD, in its newest report, did not present a colorful picture of the eurozone as it cut growth outlook for the 17-state bloc. The Paris-based organization underlined that the harsh economic conditions in Europe pose a threat to the global economy, thus the European Central Bank should take steps aimed at fostering growth.
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IMF’s Lagarde says global economy has moved forward
The International Monetary Fund’s (IMF) Managing Director, Christine Lagarde, while speaking at the Boao Business Forum in Hainan, southern China, firmly underlined that the global economy recovered significantly in the past one year, but remained vulnerable to various risks. Commending the unconventional yet successful financial policies adopted by Asian countries, she said that: “Growth continues to strengthen and broaden among the emerging and developing economies while momentum is starting to pick up in the U.S.”
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Emerging Markets Not Suitable for Mergers and Acquisitions
A new survey showed that operations involving mergers and acquisitions taking place in emerging and developed markets dropped considerably in the first half of the year compared to the exact period a year ago, mainly because of the ongoing Euro Zone crisis. According to KPMG, the business, tax and audit advisory services firm, there was a noticeable slowdown on deals which had been completed, as the number dropped from 15.8 percent for the duration of the first six months of the year, compared to the first six months of the last year.
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Some Big Companies Creating New Jobs in 2012: Which Companies?
Even though two-thirds of chief executive officers said that their companies will either be cutting staff, or won't be hiring in 2012, one-third are job hiring companies that expected to add employees and create New jobs in the next six months. Let's take a look at hiring trends among industry leaders as the new year arrives in a few short weeks.
