July 2013 International Economic Fundamentals
- Thread starter Ally
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Improving outlook on Japan's real estate industry
Moody`s Japan revised its outlook on the real state industry in Japan to be stable, after it was negative. This change reflects the increase in rents for new buildings and offices, besides stable rents for properties like retail and residences, in addition to the increase in the values of commercial properties.
Read the full article here.
Moody`s Japan revised its outlook on the real state industry in Japan to be stable, after it was negative. This change reflects the increase in rents for new buildings and offices, besides stable rents for properties like retail and residences, in addition to the increase in the values of commercial properties.
Read the full article here.
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Carney taking Canadian approach to Bank of England in first act as governor
OTTAWA - Mark Carney is already causing ripples in Britain in his first week as governor of the Bank of England, even though his methods would be considered old hat in Canada.
Eschewing past practice, the British central bank went beyond simply announcing no changes to the 0.5 per cent key interest rate as it also published a statement explaining the reasoning and suggesting rates would remain depressed for some time.
Read the full article here.
OTTAWA - Mark Carney is already causing ripples in Britain in his first week as governor of the Bank of England, even though his methods would be considered old hat in Canada.
Eschewing past practice, the British central bank went beyond simply announcing no changes to the 0.5 per cent key interest rate as it also published a statement explaining the reasoning and suggesting rates would remain depressed for some time.
Read the full article here.
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Outsourcing outrage halts contracts to India
Indian outsourcing firms such as iGate Corp., Tata Consultancy Services Ltd (TCS) and Infosys Ltd that count Canada`s biggest banks and financial services firms among top customers are facing a backlash in that country amid high unemployment, reports livemint.com.
Royal Bank of Canada (RBC), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce` four of Canada`s largest banks`for instance, have stopped handing out fresh outsourcing projects temporarily after the recent controversy where RBC used temporary foreign workers from Fremont, California-based iGate to replace permanent staff of the bank, according to at least two people familiar with the development, told the website.
Read the full article here.
Indian outsourcing firms such as iGate Corp., Tata Consultancy Services Ltd (TCS) and Infosys Ltd that count Canada`s biggest banks and financial services firms among top customers are facing a backlash in that country amid high unemployment, reports livemint.com.
Royal Bank of Canada (RBC), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce` four of Canada`s largest banks`for instance, have stopped handing out fresh outsourcing projects temporarily after the recent controversy where RBC used temporary foreign workers from Fremont, California-based iGate to replace permanent staff of the bank, according to at least two people familiar with the development, told the website.
Read the full article here.
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Spain's economy improving, but still a long way to go
The Spanish economy came close to stabilising in the second quarter of this year according to the central bank. The Bank of Spain estimated that GDP shrank just 0.1 percent between April and June from the previous three months. That supports the view of Prime Minister Mariano Rajoy and his government that there could be a quicker than expected recovery from recession.
Read the full article here.
The Spanish economy came close to stabilising in the second quarter of this year according to the central bank. The Bank of Spain estimated that GDP shrank just 0.1 percent between April and June from the previous three months. That supports the view of Prime Minister Mariano Rajoy and his government that there could be a quicker than expected recovery from recession.
Read the full article here.
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Spain's recession eases, recovery still fragile
There has been confirmation that Spain`s economy is coming closer to emerging from two years of recession. Gross domestic product shrank just 0.1 percent between April and June from the previous quarter, helped by summer season tourism and a jobs boost from the harvesting of fruit and vegetables But any recovery looks fragile at best, with weak consumer demand in Spain, plus a simmering political scandal, as well as faltering growth abroad, which undermined exports, which are a key element of recovery.
Read the full article here.
There has been confirmation that Spain`s economy is coming closer to emerging from two years of recession. Gross domestic product shrank just 0.1 percent between April and June from the previous quarter, helped by summer season tourism and a jobs boost from the harvesting of fruit and vegetables But any recovery looks fragile at best, with weak consumer demand in Spain, plus a simmering political scandal, as well as faltering growth abroad, which undermined exports, which are a key element of recovery.
Read the full article here.