Archives
Accounting firms: Small practitioners pick apart KPMG’s SME move
January 22nd, 2015
A torrent of defiance and disbelief has been unleashed by accountancy practices across the UK after KPMG‘s recent vow to disrupt and dominate the SME market by telling small businesses “you can pay us the same as your current accountant, ...
Euro Near 11-Year Low as JGBs Plunge Before ECB
January 22nd, 2015
The euro traded near an 11-year low against the dollar and Japanese 10-year yields jumped the most since 2013 amid speculation the European Central Bank will boost stimulus through asset purchases. U.S. and European equity-index futures climbed and Hong ...
PwC launches 18th Global CEO Survey results in Davos, Switzerland (Video)
January 21st, 2015
Dennis Nally, Chairman of PricewaterhouseCoopers International, presented some of the key findings of PwC’s annual survey of business leaders from around the world at a press briefing in Davos, Switzerland. Fewer CEOs than last year think global economic growth ...
Gold atop $1,300 for the first time since August
January 21st, 2015
Investors are rushing back into gold, so much so that they pushed the price above $1,300 an ounce for the first time since August. In early electronic trading on Wednesday, gold for February delivery GCG5, +0.60% gained $9.10, or 0.7%, to $1,303.20 ...
UBS launches white paper for the World Economic Forum Annual Meeting 2015
January 21st, 2015
Publication recommends solutions to challenges presented by US energy independence, technological advancement, financial policy shifts, and the environmental credit crunch. Zurich/Basel, 21 January 2015 – UBS today launches a white paper titled, The New Global Context: Could economic transformations threaten ...
Forget Switzerland: These banks will be hit by SNB shock
January 20th, 2015
Switzerland’s shock scrapping of its currency cap could knock Swiss bank earnings by 10-15 percent, but financial firms in nearby central and eastern European countries could be worse affected, Pimco’s head of financial research told CNBC on Tuesday. “I ...
New Deloitte Report Looks at Facebook’s Impact on Global Economy, Jobs
January 20th, 2015
In a more open and connected world, it’s not just easier for friends and family to stay in touch. New economic opportunities are being created too. A new report by Deloitte, titled Facebook’s Global Economic Impact, analyzes how Facebook’s marketing, platform, ...
World Economic Outlook (WEO) UPDATE
January 20th, 2015
Cross Currents Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment ...
Gold is the New Cash: Weak Currencies Cause Gold Prices to Soar
January 20th, 2015
Gold prices have soared on the recent wave of global volatility with stock market crash in China and the Swiss national currency turmoil, exceeding $1,300-1,320/oz. One of the top-valued metal commodities and a universal monetary equivalent, gold, is heading ...
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund
January 19th, 2015
Marko Dimitrijevic made a smart bet in December. The hedge fund manager, wagering the Swiss franc would fall, profited after voters there rejected a plan to have the central bank hold a fifth of its assets in gold. For ...
