Statisticians have warned the number of both corporate and household insolvencies is on the rise again in Germany. But an independent study by an insurance group shows neighboring France has been doing even worse. Over...
“Apple”, a successful closed loop company is slowly moving from overinflated status into business reality. People have different opinions on whether Apple is truly innovative or is it a perfect follower, which can disrupt with...
Second hike in diesel price within months would be a surprise for an economy fighting with inflation, misaligned goals by unstable Government and falling currency. However the first one was no surprise when you look...
German companies have posted a surprise increase in exports in August. Fresh statistical data show that sluggish trade with eurozone nations has been comfortably offset by stronger demand outside that bloc. German exports logged a...
With an estimated outstanding gross notional value of $25.5 trillion, CDS market still rules the world of credit market. Come 2007, CDS market was soaring with the total notional amount of outstanding credit default swaps...
Private Sector banking major, HDFC Bank, has entered into a pact with Indian Oil Corp to provide banking facilities in semi-urban and rural areas through the latter’s rural petrol pump outlets ‘Kisan Seva Kendras‘. “Beginning...
Italy has accumulated more debt in 2011 than previously thought, according to revised figures published by the country’s statistics office. In the eurozone debt ranking, Italy now comes second behind Greece. Italy’s total national debt...
The gap in wages and professional income between women and men in Germany has hardly been closing over the past few years, a new study has found. Surprisingly, unequal pay is prevalent in top jobs....
Spain’s Economy Minister Luis de Guindos has told parliament that the ownership of the “bad bank” being set up to absorb sour Spanish estate assets will be split 55- to-45 between private investors and the...
New York state has filed a civil suit against JPMorgan Chase over the allegedly fraudulent sales of mortgage-backed securities. The suit comes just one month shy of the US presidential election. New York’s attorney general...
A leading German economic institute has said it’s confident the German economy will pick up momentum again in 2013. But it warns that more people will be out of work as a result of the...
Advisers to the European Commission have issued their recommendations for a structural reform of the continent’s banking system. They’re in favor of separating retail and investment operations to reduce future risks. A group of advisers,...
