Search Results for: financial crisis
Gulf countries will return to economic growth
May 8th, 2017
The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved growth in the non-oil private sector as well as a ...
High court approves £129m fine for Tesco over accounting scandal
April 11th, 2017
The high court has approved a settlement between Tesco and the Serious Fraud Office that involves Britain’s biggest retailer paying a £129m fine over an accounting scandal. Sir Brian Leveson approved the so-called deferred prosecution agreement (DPA) at a ...
A Bitcoin civil war is threatening to tear the digital currency in 2 — here’s what you need to know
March 27th, 2017
There’s a civil war in the bitcoin community over the digital currency’s future. Developers, miners, and other stakeholders are locked in a heated debate over how best to scale the network, with chances steadily rising of irreconcilable differences causing ...
What to know when investing in Diamonds
March 16th, 2017
People are always looking to find investment opportunities to generate income and for saving for the future. Investment opportunities can be identified in real estate, on the stock market, on the online trading of financial instruments , on commodities ...
Judge rejects PwC’s request For mistrial In MF Global case
March 16th, 2017
In an unsurprising move, the judge overseeing bankrupt commodities broker MF Global’s $3 billion suit against PwC rejected the accounting firm’s request for a mistrial, saying PwC’s lawyers can challenge MF Global’s arguments in court over the rest of ...
This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced
March 9th, 2017
The ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands upon ...
Brazil’s economy enters worst recession on record
March 8th, 2017
Latin America’s largest economy Brazil has contracted by 3.6 percent in 2016, shrinking for the second year in a row; statistics agency IBGE said on Tuesday. It confirmed the country is facing its longest and deepest recession in recorded ...
PwC in US sued for MF Global’s Collapse
March 8th, 2017
MF Global, PwC Blame Each Other for MF Global’s Collapse The trial between PwC, one of the world’s largest accounting firms, and the bankrupt brokerage MF Global gets underway. The trial between one of the world’s largest accounting firms ...
China unseats eurozone as world’s largest banking system
March 6th, 2017
New analysis by the Financial Times shows China’s banking system has overtaken the eurozone to become the world’s biggest by assets. The status reflects the country’s increasing global influence and its reliance on growth driven by debt. According to ...
Venezuela running out of cash
March 4th, 2017
The Central Bank of Venezuela says the country is down to just $10.5 billion in foreign reserves. At the same time, Caracas has to meet debt obligations of $7.2 billion this year. The country had nearly $30 billion in ...
