Today’s topic of talk is about the collapse of the US markets, its economy and hence the world economy. Before we enlighten you on the economic issues, we would have a look at the statistics. Easily the world’s largest economy, it has a colossus GDP of $14.3 trillion which is equivalent to almost 23% […]
Georgia: Economic Slump Hurting
Once buoyant economy is hit by downturn and war over South Ossetia. By Tamar Khorbaladze in Tbilisi Having enjoyed double-digit economic growth for several years, Georgia is now bracing itself for hard times as it comes to terms with the double blow of the August war and the world financial crisis. Since October, increasing numbers […]
Hanover scandal: investors ready to defend themselves
Hi everyone, and especially fellow Hanover investors, These days there is one unpleasant (to put it mildly) issue at the forefront of my mind, a small matter of an impending vote. It may sound silly to wealthy people, but the fact is a big part of my savings is tied up with Hanover Finance. […]
IMF loan will be last option: Zardari
President Asif Zardari has said while cash-strapped Pakistan is still averse to resorting to IMF aid, the country must consider the IMF option as a cure for its ailing economy. Zardari will visit Saudi Arabia tomorrow (Tuesday) for talks with King Abdullah Bin Abdul Aziz, custodian of the two Holy Mosques, to solicit support for […]
Survey predicts lower salary hikes in 2009
Wealth conducted a poll on salary hikes you got in this year’s appraisal. Here is a snapshot of the results: 45 per cent got a hike of less than 10 per cent 33 per cent got a hike between 10 to 20 per cent 22 per cent got a hike over 20 […]
Iceland Nationalizes Third Major Bank, Halts Stock Trading
In a move to prevent its teetering economy from falling into bankruptcy, Iceland ceased all trading on its stock exchange until Monday, and took over Kaupthing, the country’s largest bank. Awash in Red On Thursday, Kaupthing, Iceland’s largest bank, became the third of the country’s top three banks to be taken over by Iceland’s Financial […]
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