Finally some good news for the global markets! According to the latest statement from the International Monetary Fund on Tuesday, the global economy is expected to rebound from the last year’s major contraction and grow at a moderate pace of about four percent. The 3.9 per cent growth rate quoted is better than the...
Responding to the political pressure, three major Wall Street firms, Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co’s investment bank have slashed their compensation in Q4. This is wake of the up coming details of the bonuses for their top executives, slated to be released in few weeks. Goldman Sachs, Morgan Stanley and...
Country’s largest retailer, Wal-Mart Stores has announced it plans to reduce about 11,200 jobs at its Sams Club warehouses, the company employees were told in a memo on Sunday. Wal-Mart would be cutting approximately 1,200 membership recruiting jobs. This is equivalent to two jobs in each of its more than 600 Sams Club stores....
The worst recession since the World War II finally seems to be getting over. Official statistics of Britain have confirmed on Tuesday that the economic slowdown in finally melting away as the country recorded a minimal though significant 0.1 per cent growth in the fourth quarter. The economy however still remains vulnerable. Though the...
Consumer electronics manufacturers across the world, after suffering from the largest dip in sales in years, are finally expecting the sales to catch up! After unprecedented low record sales, the consumer electronics manufacturers are expecting to bounce back in the year 2010, all thanks to smartphones, e-readers and smaller laptops. On the contrary, the...
According to the data revealed on Monday, the US manufacturing sector reported a growth for a fifth consecutive month in December, also accounting for its best showing since December 2006. This clearly reflects that the US economy is well placed on its path to a successful recovery in 2010. However, on a different note,...
Singapore’s economy shrank 6.8 per cent in the fourth quarter from September to December period, trade ministry revealed on Monday. However, it also added that the shrinkage was less than the expected value for the entire year. The decline in the country’s gross domestic product (GDP) was reportedly due to the weakness in the...
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