Off shoring pioneer, JP Morgan Chase will add 4,500 staff to its operations in India over the next two years.
The announcement, which doubles the size of its workforce in the country, shows Indian workers are moving rapidly up the value chain of foreign companies.
Continue Reading December 19th, 2005
New York Stock Exchange members voted to merge with Archipelago, an electronic exchange.
The NYSE and Archipelago will become wholly owned subsidiaries of the NYSE Group.
Continue Reading December 19th, 2005
China has used an order for 150 Airbus planes to advance its ambition of becoming a leading aircraft producer.
The Chinese government secured an agreement with Airbus to increase co-operation with the Chinese civil aviation industry in return for the $10 billion order.
Continue Reading December 19th, 2005
The China Banking Regulatory Commission says the country remains committed to opening its banking sector fully to foreign competition by December 2006.
In an uncompromising response to growing concern in Beijing over the commitment
Continue Reading December 19th, 2005
An Islamic bond will finance part of DP World’s proposed takeover of port operator P&O.
The bond will not pay interest, frowned upon by Islamic law. Investors will instead be paid when the bond matures.
Continue Reading December 19th, 2005
Investors should reconsider Botswana and Angola, say analysts
Datamonitor and KPMG claim the African nations are full of opportunities for investors willing to look beyond the chaos and violence afflicting other parts of the continent.
Continue Reading December 19th, 2005
A survey of 96 executives of multinational companies and banks shows corruption is less prevalent in most Asian countries than it was a year ago.
The exceptions are the Philippines and Thailand, where respondents think the problem is now worse.
Continue Reading December 19th, 2005
A new survey shows Eastern European countries are among the most attractive investment locations in the world.
The latest Foreign Direct Investment Confidence Index saw investor confidence in these markets increase sharply over the previous year.
Continue Reading Add comment December 19th, 2005
The Cayman Islands continues to welcome an average 35 investment funds a week, despite the introduction of new European Union disclosure laws
The registration of The Rutland Fund in early December marked the 10,000th to be approved
Continue Reading Add comment December 19th, 2005
A new report claims that more open borders between Central Asian countries could increase incomes in the region by between 50% and 100%.
The report, by the United Nations Development Program (UNDP), warns that the cost of
Continue Reading Add comment December 18th, 2005
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