Archive for November, 2015


Global Finance Picks Citi Bank as the Best Bank in Asia

In its annual list, Global Finance Magazine picks Citi Bank as the best digital bank in Asia after evaluating the mobile and online banking applications of all the leading banks in Asia. They considered a number of parameters in finding the best bank including: Web site design. How functional the website was? How much benefit […]

Read More...

Most of the Adults are Financially Illiterate Worldwide!

A latest study suggests that two third of the adults all over the world are financially illiterate. Also, there is a five point gap between the financial literacy of men and women. Yes, the latest study has some rather shocking revelations about financial literacy all over the world. It’s proven once again that people don’t […]

Read More...

Eurozone Woes Continues to Bother Finance Chiefs

Corporate spending confidence is waning despite improvement in profits, says a poll conducted among chief financial officers. The same goes for the overall economy as well. European financial bosses are not feeling confident about the current economic scenario. The ongoing economic woes in the Eurozone have drained the confidence of financial chiefs across Europe. Interestingly, […]

Read More...

GE is All Set to Lease their Capital Finance in Japan

GE is all set to lease their Capital Financing Business to a local company in Japan. Shinsei Bank and Sumitomo Mitsui Financial Group are the front runners as their bids are worth almost $5 billion. General Electric (GE) is all set to lease their commercial-lending business in Japan to a local company there. As of […]

Read More...

Finance Needs of Emerging Nations – Indian PM Modi

According to Indian Prime Minister Narendra Modi, the newly set up New Development Bank will address the financial needs of emerging economies. If you don’t know already, BRICS nations have been setting up a $50 billion bank named New Development Bank to rival the World Bank. What was the main objective behind this movie? Mainly […]

Read More...

Incentives have Failed to Boost the Struggling Global Factories

There has been a huge amount of monetary incentives offered by Chinese and European banks to increase the factory production, but, it has failed to spur the production. Indications of Industry Surveys The massive monetary incentives offered by the Chinese and the European banks to the production and manufacturing sector have not been able to […]

Read More...

3 Straight Months Shrinkage Puts Chinese Economy Down

The factory production is seeing a slowdown and decline for the third month running in China. This has raised the fears about the global demand.   Cause of Concern There is a significant slowdown in the manufacturing sector in China during the end of the year. This has raised concerns globally and it is felt […]

Read More...

GE Acquired Alstom Power and Grid Business

GE has made an announcement that it has fully completed acquiring the power and grid businesses of Alstom. This is the largest industrial acquisition made by GE. Largest Digital Industrial Business GE is a very popular business organization that has been doing remarkably well in all the sectors that it has set its foot in. […]

Read More...

Are We On The Verge Of 3rd Global Financial Crisis?

Well, that’s the vibe we have got after IMF’s annual meetings. We have got a hint of trouble at the recently concluded IMF annual meetings in Lima, the Peru Capital. You can draw comparisons to the weather in this city and the current global financial state – apparently both were gloomy. IMF made a statement this […]

Read More...