According to PwC’s report, UK will see a slip in its GDP’s ranking to 11th position in the world’s rankings. US, Japan, Germany, France and Italy has also been pushed down the league table but only UK and Italy lost out on the top ten slot. The same reports also predicted that China will soon overtake United States as the world’s largest economy in 2017. UK at present faces many issues that are being addressed but are they quick enough to make instant changes in the nation’s economy? Read More →

The year of 2012 saw one of the biggest scandals in the international banking industry that went unnoticed and was less talked about amidst the Euro Zone crisis. The reason this becomes big now and needs immediate attention is because it could be the beginning of a ‘Big Bank Scandal’. When banks start operating purely for profit purposes, then any sort of manipulation may yield to serious results where the customers face huge losses and a loss of investors’ confidence. Before digging deep in the scandal, it is important to know exactly what Libor is and how it is controlled. Libor is London Inter-bank OfferedRead More →

The suspense over whether Spain will seek a bailout is getting more clear as there are hints in the market that there could be a bailout deal. Madrid has successfully raised €4.6bn (£3.7bn) which is definitely oversubscribed and good news for Spain-a sign that investors are more confident the government can pay its bills.. The auction results yielded some good results and brought relief to the city that has been seeing some tough times. Nick Spiro of Spiro Sovereign Strategy, an analyst says that although investors are starting to lose patience with Spain, they don’t want to throw in the towel for fear of missing out onRead More →

The International Monetary Fund on Sunday strongly backed the European Central Bank’s plan to staunch the euro zone debt crisis with unlimited bond purchases, saying it was ready to get involved in designing and monitoring its implementation. The European Central Bank(ECB) announced its most promising plan on Thursday so as to ease the Euro-zone crisis and save its single currency.The ECB’s pledge of support came with fine prints : countries seeking help from the central bank to help with their borrowing costs must first ask the 17-nation euro-zone’s existing bailout funds to buy their bonds keeping the International Monetary Fund involved. The sovereign debt is moreRead More →

LOS CABOS,Mexico A group of Finance Ministers and Central Bank Governors form G20. These are from 20 major economies namely: Mexico, India, USA, UK, Turkey, Argentina, South Africa, Saudi Arabia, EU, France, South Korea, China, Brazil, Australia, Japan, Russia, Germany, Mexico, Canada and Indonesia. The key issues and strategies towards achieving a stable global economy is the main purpose of these meets.With the major crisis faced in Europe this meet becomes very important.  The question raised in many minds is ‘will this meet have any significant results or not?’ With the wide differences in views between the rich and the developing nations, it is unlikelyRead More →

Japan faces a history of ten years of repeated recessions followed by stagnation. As a sharp contrast to the stable performance in and before 1980’s, 1990’s was referred to as the “lost decade” by the Japanese. This area is identified as important since Japanese banks, two decades ago, were amongst the strongest in the world and hence their decline serves as a warning and an example to the rest of the world. In 1980s, Japanese banks surpassed the American competition and emerged stronger than the American banks, having market share of 25% of the banking businesses inCalifornia and 15% across the world. What experts failedRead More →