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Most Important Reports on Global Financial Crisis
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Ban calls for 'deep and systemic' reforms of global fin system
United Nations chief Ban Ki-moon has called for "deep and systemic"
reforms based on inclusive multilateralism for a global financial
system that can better meet the challenges of the 21st century.
Read more: http://infoclickindia.com/fnews.php?id=58&path_news=United%20Nations-...
++++++++++++++++++++++++++++++
The Banking Industry Lost Nearly One-Third of Its Market Value over
the First Three Quarters of 2008
Since the Onset of the Crisisin Mid-2007the Banking Industry's
Market Value Has Plunged Almost $3 Trillion
Following a steady run of strong growth, the global banking industry
has experienced a massive loss in market value, according to The
Boston Consulting Group (BCG).
"The market capitalization of the global banking industry fell from
$8.3 trillion at the end of 2007 to $5.7 trillion at the end of the
third quarter of 2008," said Lars-Uwe Luther, a BCG partner and
coauthor of BCG's annual report on value creation in banking. "The
crisis has wiped out nearly three years of growth in market
capitalization. The banking industry's market value is now close to
where it was at the end of 2004.
Read full text: http://infoclickindia.com/news.php?sp=124&path_news=Banking%20Industr...
++++++++++++++++++++++++++++++
Indian banking sector at 6th position among Emerging Economies:
ASSOCHAM
Indian banking sector though stands unhurt by ongoing global
financial
crisis, has got a long way to go in competing with its counterparts
in
other emerging economies, ranks at sixth position in terms of
efficiency, productivity and soundness among 11 banking institutions
of such economies, says an ASSOCHAM Eco Pulse (AEP) Study.
The AEP Banking Sector in Emerging Economies reports that Malaysia
has topped among the emerging economies as measured on the basis of
financial health indicators. It was followed by Korea and China at
second and third place respectively. India fell at sixth position
following Russia (fourth) and Chile (fifth), whilst Brazil (seventh),
Mexico (eighth), Thailand (ninth), Philippines and Indonesia (joint
tenth) were down below India in the rankings as per the analysis.
Read full text: http://infoclickindia.com/news.php?sp=129&path_news=Indian%20banking%...
++++++++++++++++++++++++++++++
Global Economic Gloom - China and India notable exceptions
The publics of two emerging Asian superpowers - China and India -
remain upbeat about national economic conditions, though Indians are
less positive than they were a year ago. In contrast, some of the
most
negative evaluations of economic conditions come from citizens of
advanced Western countries. Positive views of the economy have
declined sharply over the past year in Great Britain, the United
States and Spain. France, where most people were already quite
negative about the economy, registered a further decline; in the
current survey, just 19% of the French view the national economy as
good, down from 30% in 2007.
Read full text: http://infoclickindia.com/news.php?sp=30
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The Global Competitiveness Report 2008-2009
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United States Remains On Top Of Competitiveness Rankings
Nordic countries and Switzerland also among the lead countries
UK drops down from 9th to 12th place
The report contains a detailed profile for 134 global economies
Geneva, Switzerland 8 October 2008 The United States tops the
overall ranking in The Global Competitiveness Report 2008-2009,
released today by the World Economic Forum. Switzerland is in second
position followed by Denmark, Sweden and Singapore. European
economies
continue to prevail in the top 10 with Finland, Germany and the
Netherlands following suit. The United Kingdom, while remaining very
competitive, has dropped by three places and out of the top 10,
mainly
attributable to a weakening of its financial markets. The Peoples
Republic of China continues to lead the way among large developing
economies, improving by four places this year and joining the top 30.
All of the BRIC economies figure in the top half of the ranking, with
China followed by India, Russia and Brazil. Several Asian economies
perform strongly with Japan, Hong Kong SAR, Republic of Korea and
Taiwan, China in the top 20. In Latin America, Chile is the highest
ranked country, followed by Panama, Costa Rica and Mexico.
Read full text: http://infoclickindia.com/news.php?sp=120&path_news=World_Economic_Fo...
++++++++++++++++++++++++++++++
GLOBAL FINANCIAL STABILITY REPORT
------------------------------------------------------------
IMF Warns About Failure to Act Decisively on Turmoil
"Failure to do so could usher in a period in which the ongoing
deleveraging process becomes increasingly disorderly and costly for
the real economy," it said in its Global Financial Stability Report
(GFSR), released on October 7. Financial institutions have been
shedding bad assets, reducing borrowing and seeking new capital, but
strains on the system intensified dramatically in mid-September
following the collapse or near-collapse of several key institutions.
Read full text:http://infoclickindia.com/news.php?sp=116
++++++++++++++++++++++++++++++
Meltdown In Indian Economy Makes 68% CEOS Restless: ASSOCHAM
Due to meltdown in Indian economy and its aftereffects leading to
higher input costs and credit access virtually getting out of hands
of
large corporates of turnover of over Rs. 5,000 crore, have brought
68% of CEOs a complete restlessness in fulfilling their commitments
in last 9-10 months, reveals an ASSOCHAM survey.
Only a minor lot of 32% of Chief Executive Officers of domestic
business with the given turnover bracket succeed in countering their
resistiveness and fatigue in a bid to achieve their yearly targets in
the context of current severe business constrains, adds the ASSOCHAM
survey on Current Business Scenario If Causing Stress to CEOs in
which views of 400 business tycoons participated.
According to it, 68% CEOs continue to reel under tremendous stress
and
fatigue as a result of current meltdown and slog to deliver desired
results in limited time at their disposal and make adjustments both
on margins of their top line and bottom line profitability.
Read full text: http://infoclickindia.com/news.php?sp=128&path_news=CEO%20chair.gif
++++++++++++++++++++++++++++++
Next Generation Financial Reforms for India
India has grown by leaps and bounds in recent years and is emerging
as
a major world economic power. After lumbering along at a pace of
about
4-5 percent GDP growth a year in the 1980s and the 1990s, the economy
has surged in this decade, posting an average annual growth of 8.5
percent since 2005 (see Chart 1). The challenge now is to maintain
this growth momentum and provide benefits as well as economic
opportunities to a broad swath of the population
Read full text: http://infoclickindia.com/article.php?art_id=1613
++++++++++++++++++++++++++++++
World Economic Outlook (WEO): 2008
The world economy is facing a major downturn. While there is
exceptional uncertainty at this point, our best forecast is that
world
growth will be around 3 percent in 2009. Now, that number may not
sound so bad. It hides, however, important differences between
advanced countries, on the one hand, and emerging and developing
countries on the other. We project that growth in advanced countries
will be very close to zero or even negative until at least the middle
of 2009, with a slow recovery during the rest of the year.
Read full text: http://infoclickindia.com/view_article-cate_id-924-maincate-Special%2...
----------------------------------------------------------------------
Ban calls for 'deep and systemic' reforms of global fin system
United Nations chief Ban Ki-moon has called for "deep and systemic"
reforms based on inclusive multilateralism for a global financial
system that can better meet the challenges of the 21st century.
Read more: http://infoclickindia.com/fnews.php?id=58&path_news=United%20Nations-...
++++++++++++++++++++++++++++++
The Banking Industry Lost Nearly One-Third of Its Market Value over
the First Three Quarters of 2008
Since the Onset of the Crisisin Mid-2007the Banking Industry's
Market Value Has Plunged Almost $3 Trillion
Following a steady run of strong growth, the global banking industry
has experienced a massive loss in market value, according to The
Boston Consulting Group (BCG).
"The market capitalization of the global banking industry fell from
$8.3 trillion at the end of 2007 to $5.7 trillion at the end of the
third quarter of 2008," said Lars-Uwe Luther, a BCG partner and
coauthor of BCG's annual report on value creation in banking. "The
crisis has wiped out nearly three years of growth in market
capitalization. The banking industry's market value is now close to
where it was at the end of 2004.
Read full text: http://infoclickindia.com/news.php?sp=124&path_news=Banking%20Industr...
++++++++++++++++++++++++++++++
Indian banking sector at 6th position among Emerging Economies:
ASSOCHAM
Indian banking sector though stands unhurt by ongoing global
financial
crisis, has got a long way to go in competing with its counterparts
in
other emerging economies, ranks at sixth position in terms of
efficiency, productivity and soundness among 11 banking institutions
of such economies, says an ASSOCHAM Eco Pulse (AEP) Study.
The AEP Banking Sector in Emerging Economies reports that Malaysia
has topped among the emerging economies as measured on the basis of
financial health indicators. It was followed by Korea and China at
second and third place respectively. India fell at sixth position
following Russia (fourth) and Chile (fifth), whilst Brazil (seventh),
Mexico (eighth), Thailand (ninth), Philippines and Indonesia (joint
tenth) were down below India in the rankings as per the analysis.
Read full text: http://infoclickindia.com/news.php?sp=129&path_news=Indian%20banking%...
++++++++++++++++++++++++++++++
Global Economic Gloom - China and India notable exceptions
The publics of two emerging Asian superpowers - China and India -
remain upbeat about national economic conditions, though Indians are
less positive than they were a year ago. In contrast, some of the
most
negative evaluations of economic conditions come from citizens of
advanced Western countries. Positive views of the economy have
declined sharply over the past year in Great Britain, the United
States and Spain. France, where most people were already quite
negative about the economy, registered a further decline; in the
current survey, just 19% of the French view the national economy as
good, down from 30% in 2007.
Read full text: http://infoclickindia.com/news.php?sp=30
++++++++++++++++++++++++++++++
The Global Competitiveness Report 2008-2009
------------------------------------------------------------------
United States Remains On Top Of Competitiveness Rankings
Nordic countries and Switzerland also among the lead countries
UK drops down from 9th to 12th place
The report contains a detailed profile for 134 global economies
Geneva, Switzerland 8 October 2008 The United States tops the
overall ranking in The Global Competitiveness Report 2008-2009,
released today by the World Economic Forum. Switzerland is in second
position followed by Denmark, Sweden and Singapore. European
economies
continue to prevail in the top 10 with Finland, Germany and the
Netherlands following suit. The United Kingdom, while remaining very
competitive, has dropped by three places and out of the top 10,
mainly
attributable to a weakening of its financial markets. The Peoples
Republic of China continues to lead the way among large developing
economies, improving by four places this year and joining the top 30.
All of the BRIC economies figure in the top half of the ranking, with
China followed by India, Russia and Brazil. Several Asian economies
perform strongly with Japan, Hong Kong SAR, Republic of Korea and
Taiwan, China in the top 20. In Latin America, Chile is the highest
ranked country, followed by Panama, Costa Rica and Mexico.
Read full text: http://infoclickindia.com/news.php?sp=120&path_news=World_Economic_Fo...
++++++++++++++++++++++++++++++
GLOBAL FINANCIAL STABILITY REPORT
------------------------------------------------------------
IMF Warns About Failure to Act Decisively on Turmoil
"Failure to do so could usher in a period in which the ongoing
deleveraging process becomes increasingly disorderly and costly for
the real economy," it said in its Global Financial Stability Report
(GFSR), released on October 7. Financial institutions have been
shedding bad assets, reducing borrowing and seeking new capital, but
strains on the system intensified dramatically in mid-September
following the collapse or near-collapse of several key institutions.
Read full text:http://infoclickindia.com/news.php?sp=116
++++++++++++++++++++++++++++++
Meltdown In Indian Economy Makes 68% CEOS Restless: ASSOCHAM
Due to meltdown in Indian economy and its aftereffects leading to
higher input costs and credit access virtually getting out of hands
of
large corporates of turnover of over Rs. 5,000 crore, have brought
68% of CEOs a complete restlessness in fulfilling their commitments
in last 9-10 months, reveals an ASSOCHAM survey.
Only a minor lot of 32% of Chief Executive Officers of domestic
business with the given turnover bracket succeed in countering their
resistiveness and fatigue in a bid to achieve their yearly targets in
the context of current severe business constrains, adds the ASSOCHAM
survey on Current Business Scenario If Causing Stress to CEOs in
which views of 400 business tycoons participated.
According to it, 68% CEOs continue to reel under tremendous stress
and
fatigue as a result of current meltdown and slog to deliver desired
results in limited time at their disposal and make adjustments both
on margins of their top line and bottom line profitability.
Read full text: http://infoclickindia.com/news.php?sp=128&path_news=CEO%20chair.gif
++++++++++++++++++++++++++++++
Next Generation Financial Reforms for India
India has grown by leaps and bounds in recent years and is emerging
as
a major world economic power. After lumbering along at a pace of
about
4-5 percent GDP growth a year in the 1980s and the 1990s, the economy
has surged in this decade, posting an average annual growth of 8.5
percent since 2005 (see Chart 1). The challenge now is to maintain
this growth momentum and provide benefits as well as economic
opportunities to a broad swath of the population
Read full text: http://infoclickindia.com/article.php?art_id=1613
++++++++++++++++++++++++++++++
World Economic Outlook (WEO): 2008
The world economy is facing a major downturn. While there is
exceptional uncertainty at this point, our best forecast is that
world
growth will be around 3 percent in 2009. Now, that number may not
sound so bad. It hides, however, important differences between
advanced countries, on the one hand, and emerging and developing
countries on the other. We project that growth in advanced countries
will be very close to zero or even negative until at least the middle
of 2009, with a slow recovery during the rest of the year.
Read full text: http://infoclickindia.com/view_article-cate_id-924-maincate-Special%2...