Indian Economy to Race Ahead of China in 2016, Says IMF
The IMF recently said that India’s economy will continue to grow for yet another year at the rate of 7.5%. However, it lowered the growth rate of the global economy for this year to 3.3%. The IMF released its World
Read MoreGerman Finance Minister’s Hard Line on Greece Gets Popular
Chancellor Angela Merkel’s suggestion that concessions should be made to retain Greece within the eurozone was greeted with discontented remarks at a closed-door parliamentary meeting held in Germany. However, Wolfgang Schauble’s hard line speech on the issue of Greece received
Read MoreOsborne to Enhance Competitiveness of UK’s Financial Sector
Chancellor George Osborne is planning ways to make UK’s financial service sector more competitive. He will soon announce the re-launch of a body led by the Treasury, which will be charged with the task of promoting the financial services industry.
Read MoreGlobal Indices being hit by the China Effect
There was something of a melt down yesterday experienced across the globe, which was caused by many investors beginning to worry about not only the very well reported Greek exit of the Euro Zone which is looking more and more
Read MoreTurbulence in the Stock Markets
The result of yesterday’s vote in Greece whether to accept or refuse the latest round of austerity measures that were due to be instigated before any additional funding was provided to Greece was not really an unexpected result. However, with
Read MoreGreece is Running out of Cash
It cannot have escaped your notice that Greece is now in the grip of a major financial crisis and over the weekend the nation as a whole will be voting in a referendum to decide the fate of their country.
Read MoreUK Gets Ready to Handle Impacts of Greek Crisis
The Bank of England, which is currently devising plans to prevent the spread of the Greece crisis to the UK, has stated that it is ready to “take any actions required to safeguard financial stability in the UK” if Greece
Read MoreChristine McCarthy Becomes Disney’s New CFO
According to an announcement by Robert Iger, the chief executive officer of Walt Disney, Christine M. McCarthy becomes the second woman to occupy a top executive post at Disney as the major entertainment firm has appointed her as its new
Read MoreItaly Will Never Go Through a “Debt Crisis”
The finance minister of Italy has reassured citizens that Italy will never have to go through a debt crisis, such as the one Greece is experiencing. He expressed confidence in the European Central Bank’s (ECB) ability to prevent the contagion
Read MoreBIS Warns Central Banks Of Next Global Financial Crisis
The Bank of International Settlements (BIS), which is supposed to be the central bank of all central banks, warned that the world will only have to helplessly watch as it hurtles towards the next global crisis. Its annual report, a
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