Economy

Protestors demanding details of Trans-Pacific Partnership (TPP) FTA

There seems to be a growing demand amongst the protesters of the Trans-Pacific Partnership (TPP) free-trade agreement that they should descend upon the building of the Ministry of Foreign Affairs and Trade. This is a result of their demand where they have asked for all the details of the FTA.

Known as the Wellington TPP Action Group, it announced that it would be marching down to the ministry, so that they are able to draw government's attention to their demand.

economie: 

Fresh Rules on Banks Could lead to More Crisis: Goldman President

Fresh Rules on Banks Could lead to More Crisis: Goldman President

The annual meeting of the World Economic Forum in Davos saw Goldman Sachs President, Gary Cohn issuing a warning against the initiative to implement fresh regulations on banks. Such a step, said he, could lead to the next crisis by pushing risky activities towards hedge funds and other lightly supervised entities.

The Goldman Sachs executive also criticized the regulators for their focus on traditional institutions.

economie: 

Mitchells & Butlers Witness Growth of 6.7% in 12-Days

Mitchells & Butlers Witness Growth of 6.7% in 12-Days

Mitchells & Butlers has announced that it was able to make some profitable gains this December, as the organization witnessed a growth of 6.7% for the 12-day period spanning from the 23rd of December to the 3rd of January. The profitable period helped the group to recover from the slow start that Mitchells & Butlers had encountered in the beginning of this trading period.

economie: 

Toys’R’Us Pledges to Mend its Ways

Toys’R’Us Pledges to Mend its Ways

Members of staff at Toys’R’Us have been issued an apology by the retailer, as the Company pledged on Thursday that it will bring about a positive change in its workplace environment. It has further promised in a signed agreement that it will ensure the setting up of a whistleblower hotline for its employees.

economie: 

Boudreau Criticizes Invest NB for a Lack of Targets

Boudreau Criticizes Invest NB for a Lack of Targets

Opposition Leader of New Brunswick Victor Boudreau has questioned the logic behind the announcement of a new agency that will be set up but the provincial government. It needs to be remembered that Premier David Alward had announced an agency by the name of Invest NB during the state of province address on Thursday night.

economie: 

Egyptian Turmoil Rattles Economies across the Globe

Egyptian Turmoil Rattles Economies across the Globe

Tremors of political turmoil in Egypt were felt across the economic world as the stock markets worldwide experienced a steep crash.

economie: 

European bailout fund may be increased

Christine Lagarde

As per the information given by French Finance minister, Christine Lagarde, she along with her other European counterparts are going to discuss about the bailout package. While the most important point of discussion is going to bring about structural changes in the fund so that more countries looking for financial stability are helped, the size is also going to be important.

One can anticipate that they will talk about increasing the size and not reducing it.

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economie: 

Inflation may force early rates increase

An unexpected point in the cost of goods designed by UK manufacturers intimidates to propel inflation strengthening in the months in front, economists cautioned yesterday, only 24 hours subsequent to the Bank of England's verdict to maintain rates of interest on hold in spite of the economic dangers.

The price of goods at the plant gate was 4.2 per cent superior during December than a year beforehand, the Office for National Statistics expressed, up and about from November's figure of 3.7 per cent.

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