Markets Archives - Page 624 of 782

Singapore Home To World’s Top-Earning Expats: Study

Foreigners working in Singapore are earning more than those living in any other part of the world, claimed a new study by HSBC Bank this week, with more than half (54 percent) of Singapore-based expatriates having an annual income of above $200,000.

According to the Expat Explorer 2012 Survey, almost three-quarters (74 percent) of expats who moved to Singapore witnessed an improvement in the financial status of their household upon relocation, while four out of five Singapore-based expats saw an increase in their disposable income.

One in Eight of World Population is Chronically Undernourished: UN

The United Nations Food and Agriculture Organisation said today that efforts made to reduce hunger have slowed since 2007/08, with nearly 870 million people, or one in eight, suffering from undernourishment in 2010 – 2012.

In its latest report, State of Food Insecurity in the World 2012, the UN FAO estimated that 868 million people were suffering from hunger in 2010 – 2012, or about 12.5 percent of the world’s total population.

Can The Global Economy Recover From Its “High-Priced Fuel Syndrome”?: Gail Tverberg

Governments and economists around the world have not figured out that what the world economy is suffering from, to varying degrees, is “high-priced fuel syndrome“. With the world now running short of cheap energy, especially cheap oil, are countries still able to fund their energy needs without breaking their budgets?

“High-priced Fuel Syndrome” has a number of symptoms:

India’s GDP Growth to Weaken to Slowest Pace in Decade: IMF

The International Monetary Fund has lowered India’s growth forecast to 4.9 percent this year, its lowest pace in a decade, amid weak investment growth and a worsening global economic outlook.

One of the first major institutions to peg India’s growth below 5 percent, the International Monetary Fund said in its World Economic Outlook report today that “the outlook for India is unusually uncertain”.

Indonesian President Backs Anti-Corruption Agency In Feud Against Police

Indonesian President Susilo Bambang Yudhoyono spoke out in support of the nation’s anti-corruption body, the Corruption Eradication Commission (KPK), on Monday after the KPK became entangled in a bitter feud with the National Police over investigations of corrupt behaviour into each other’s agencies.

Asia’s Fortunes Intricately Intertwined with Europe’s Fate

Although European leaders are scrambling to avoid a cataclysmic economic fallout, Asia is now eyeing Europe’s prospects with nervousness and suspicion. Asian markets, in particular China, are increasingly frustrated and impatient with the lack of clear policy and rescue direction from European leaders. With Asian exports declining amid a global demand slump, what impact could a eurozone breakup have on Asia?

Key Economic News to Watch This Week: October 8

A quick preview of the week ahead: The European Stability Mechanism officially replaces the European Financial Stability Facility as the eurozone’s permanent bailout fund while Japan plays host to finance ministers from the Group of Seven leading industrialised nations, as well as the World Bank and International Monetary Fund officials who are set to convene in Tokyo for their annual meetings.

EU Contemplating Separate Budget For Eurozone: Report

The 27-member-strong European Union are presently discussing the possibility of developing a secondary budget – separate from the regular E.U. budget – for the 17 members that share the common euro currency, said a report by the Financial Times Deutschland (FTD) on Sunday.

Monetary Delusions – Why Added Liquidity Alone Will Not Revive The Economy: Joseph Stiglitz

Central banks on both sides of the Atlantic took extraordinary monetary-policy measures in September, sending stock markets soaring. But politicians – and markets – in both Europe and America are mistaken if they believe that monetary policy can restore economic growth and boost employment.

EU Rejects French Study Claiming Links Between Monsanto Corn & Cancer

A recent French study demonstrating links between Monsanto’s NK603 genetically modified (GM) corn and cancer in rats has been found to be of “insufficient scientific quality” by the European Food Safety Authority (EFSA), reported Reuters on Thursday, though advocacy groups are now accusing the EFSA of putting the interests of biotech firms ahead of public safety concerns.