Search Results for: FIS
Eurozone unemployment rate falls to 10.3%
March 1st, 2016
Unemployment in the eurozone fell for a third consecutive month in January, dropping to its lowest rate since August 2011. Eurostat, the EU’s statistical agency, said the jobless rate in the 19-country eurozone declined to 10.3% in January from 10.4% ...
Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says
February 29th, 2016
$52 billion of bonds, $42 billion of loans due this, next year Refinancing challenging with slow growth, rating downgrades Gulf Cooperation Council countries may struggle to refinance $94 billion of debt in the next two years as the region ...
FASB issues an Accounting Standards Update
February 29th, 2016
FASB issues new Quidance on Lease Accounting The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as ...
Russia ranks 5th for number of cryptocurrency users
February 29th, 2016
The four countries ahead of Russia are the United States, where 1.2 mln people uses Bitcoin, followed by China — 355,000 people, the third place is occupied by Germany — 250,000 users Russia ranked 5th in the world for ...
G-20 Wants Governments Doing More, and Central Banks Less
February 29th, 2016
Fiscal pledges lack specifics, risking market disappointment Concern voiced over currency wars after BOJ rate surprise Finance chiefs from the world’s top economies committed their governments to doing more to boost global growth amid mounting concerns over the potency ...
A Modi Lecture Berating Tax Breaks For Rich Rattles India Funds
February 26th, 2016
In the run-up to India’s annual budget, a speech last month by Prime Minister Narendra Modi has become the focus of this year’s market chatter, unsettling some investors. Many local mutual funds, who bought record Indian stocks in 2015 ...
Asia markets mostly higher; Sharp drops 15% on takeover deal
February 26th, 2016
Asian markets were mostly higher Friday, with Japan extending gains from the previous session and Australia closing flat. Market watchers will be focused on a two-day gathering of G20 finance ministers and central bankers in Shanghai that kicked off ...
Group of Twenty IMF Surveillance Note
February 25th, 2016
The global recovery has weakened further amid increasing financial turbulence and falling asset prices. Activity softened towards the end of 2015 and the valuation of risky assets has dropped sharply, especially in advanced economies, increasing the likelihood of a further ...
OECD:All interested countries and jurisdictions to be invited to join global efforts led by the OECD and G20 to close international tax loopholes
February 25th, 2016
The OECD today agreed a new framework that would allow all interested countries and jurisdictions to join in efforts to update international tax rules for the 21st Century. The proposal for broadening participation in the OECD/G20 Base Erosion and Profit Shifting ...
OECD downgrades global growth outlook
February 19th, 2016
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook. The world economy is likely to expand no faster ...
