Madoff’s fraud : HSBC and UBS fear compensation risk
£3 Billion loss. This may be the cost of the fraud for the two colossus of credit.
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Archive for January 15th, 2009
50bs point cut by the Bank of England
The interest rate cut by the MPC provides one of the main talking points of the day
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Financial services: Commission launches consultation on review of Prospectus Directive
The European Commission has launched a consultation on its review of the application of the Prospectus Directive, including some proposals to improve and simplify this Directive. The Prospectus Directive aims to ensure that investors are provided with clear and comprehensive information when making investment decisions.
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M&A needn’t spell inefficiency for corporate consolidation in 2009, encourages new report from Arthur D. Little
With the global liquidity crisis set to fuel new merger and acquisition (M&A) activity this year, a new report by global management consultancy Arthur D. Little claims that despite the growing experience with mergers over the last seven years, the failure rates stay at a high level.
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Slovakia to join the Eurozone on January 1st
The European Liberal Youth (LYMEC) welcomes the introduction of the common currency in Slovakia.
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The Ethiopian Real Estate Market Slows
As in many countries of the world, the Ethiopian real estate has been booming for much of this decade.
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US loses 2.6 million job in December 2008. What’s next?
Including december job losses the US economy lost nearly 2.6 million jobs in 2008.
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What 2009 has in store for India
Mr Siddharth Shankar, Financial Expert & Economist comments on his analysis & study for the Business & Economy in India in the New Financial Year 2009
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Sun Worldwide – Ignoring Rumors Of China’s Demise
Asian-based private fund, “Sun Worldwide”, is reportedly evaluating stocks in Chinese companies within key sectors with a view to stepping up acquisition activities
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Islamic finance still active as the credit crunch deepens
The last month has seen a further deterioration in the UK economy, with a deepening recession, banking bail-outs and big-name retailers going bust. However, one sector of the market still active is Islamic Finance which is now both cheaper and more accessible.
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