Diminishing emerging market wage gap will re-shape global business
The wage gap between the rich nations and emerging economies, such as India, China and The Philippines will be…
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Asia-Pacific poised to become largest wealth market next year
The number and wealth of high net worth individuals (HNWIs) in the Asia-Pacific region has grown at twice and three…
New iPhone sales top 9 million in three days
Apple Inc. says it has sold 9 million new iPhone 5s and iPhone 5c models within just three days of their launch…
Blackberry to cut 40% of its workforce
Blackberry announced that it will cut 40% of its workforce globally, i.e. 4,500 jobs, in an attempt to reduce its…
India raises repo rate to 7.5% in surprise move
India’s new central bank governor Raghuram Rajan surprised markets today by raising the repo rate - the rate at…
Fed stimulus package remains intact
The Federal Reserve surprised everybody by deciding to keep the $85 billion monthly Fed stimulus package intact.…
Novartis eye care unit Alcon accused of bribery in China
Swiss pharmaceutical giant Novartis AG says its eye care unit, Alcon, is accused of bribing doctors in more than…
Microsoft announces $40 billion share buyback, boosts dividend 22%
Microsoft Corporation has increased its quarterly dividend by 22% and announced a $40 billion stock buyback plan.…
Industrial production up 0.4% in August, USA
Industrial production increased by 0.4% and manufacturing by 0.7% in the USA in August, compared to no change and a…
Foreclosure starts fall 8% in August, USA
Overall foreclosure filings - default notices, scheduled auctions and bank repossessions - in the United States…
August retail sales disappoint, USA
August retail sales rose by 0.2%, compared to a revised 0.4% in July, the US Commerce Department informed.…
Consumer reaction to flattering salespeople
Even if they believe a compliment is sincere, consumers tend to have negative reactions to salespeople’s flattery,…
Greece sees end of recession
The recession that has gripped Greece during the last six years is set to end in 2014, says Greek Prime Minister…
Helping people make better financial decisions
The G20 countries are stepping up action to help people make informed financial decisions.
According to an OECD…
Advanced economies grow, emerging ones struggle
Advanced economies are recovering moderately while emerging ones are seeing slower growth, according to an Interim…
India – economic growth slows to 4.4%
Economic growth in India has slowed to 4.4% annual rate during the second quarter of this year, its slowest…