Malaysia To Expand Economic Relationship With Africa
Malaysia is the latest nation seeking to tap into the African continent’s massive economic potential – following the success of countries such as China and India.
Category: Markets
Indonesia: The Next Economic Superpower?
The Indonesian economy has been described as a “phoenix rising”, according to a recent report published by Nomura on June 7, 2011.
In its report, Nomura stated its belief that Indonesia will see GDP growth averaging over 7 percent in the next five years, where “current momentum will be augmented by incremental reforms and progress on infrastructure development”.
Look On The Bright Side: Unemployment Humor
Looking for a job in times of high unemployment and few good job opportunities takes a massive tool on families and individuals. But things will get better in the economy – they always do. If you’re unemployed and stressed out looking for a job, it pays to take a break, and a laugh. Here are some funny unemployment jokes to cheer you up!
Unemployment One Liners
The trouble with unemployment is that the minute you wake up in the morning you’re on the job.
The way things are going the only people who will have jobs are those in the unemployment office.
US Consumer Confidence Dips: Trouble in Store for Obama
The US government’s snapshot of the labour market showed only 54,000 jobs were created in May. The lowest since September. Employers are spooked by a volatile economy and are hitting the brakes on hiring.
How Russia Gains from the Japanese and Middle East Crises
Two unrelated global crises are benefitting Russia. As the primary gas exporter to Europe, Russia stands to gain from the rise in energy prices as a result of unrest in the Middle East.
Secondly, the country benefit from sourcing nuclear power in Germany and Italy due to the Fukushima nuclear power plant disaster.
According to the Financial Times,
China Has Just Stopped Exporting Oil (and the Sh*t is Hitting the Fan)
Chinese oil giant Sinopec has stopped exporting oil products to maintain domestic supplies amid disruption concerns caused by Middle East unrest and Japan’s earthquake.
The state-run Xinhua news agency did not say how long the suspension would last but it reported that the firm had said it also would take steps to step up output “to maintain domestic market supplies of refined oil products”.
Unemployment and Low Wages Paint Bleak Picture for US Workers
15 June 2011.
The US unemployment rate stood at 8.9% in June 2011 for workers who are without jobs but searching, according to official Government figures. However, the real rate is probably much higher still. If we use the U-6 figures from the US labour department’s bureau of labour statistics, it is around 15.9%.
Josef Ackermann: The Most Dangerous Banker in the World
14 June 2011.
In May this year, Deutsche Bank Chief Executive Josef Ackermann appeared in a Munich court to testify in a lawsuit against the bank by fallen German media mogul Leo Kirch.
The spat: Kirch wants 2 billion Euros from the bank he alleges triggered the Kirch Group’s collapse by questioning the creditworthiness of his media empire in a 2002 Bloomberg Television interview.
Ackermann is the main witness. And 84 year old, virtually blind Kirch has had little luck claiming damages. You don’t want to mess with this guy.
First Chinese Trade Deficit – In Seven Years
China has posted its first quarterly trade deficit in seven years, as it continues efforts to rebalance its economy.
The deficit for the first three months of the year was $1.02bn, according to the latest data by the General Administration of Customs. For the month of March, the country reported a tiny trade surplus of $140m.
