It has been a year of mega deals for Indonesia’s largest business groups. For the first time in its history, Indonesia has seen a number of $1 billion corporate deals concluded in the space of 12 months. And notwithstanding external shocks, the next 12 months look like following a similar trajectory. In the first half [...]
LONDON — HSBC, the big European bank, said Monday that it was cutting 30,000 jobs, as part of a wide-ranging cost-cutting program to improve profitability. The large-scale cuts, which would represent about 10 percent of HSBC’s work force, are part of the company’s strategy to reduce expenses by $2.5 billion to $3.5 billion over the next two [...]
LONDON – Berbagai produk Indonesia diantaranya fashion serta barang kerajinan dipamerkan di megastore terkemuka di London, Harrods yang akan berlangsung selama sebulan. Menteri Perdagangan Mari Elka Pangestu bersama Dutabesar RI untuk Kerajaan Inggris Raya dan Republic Irlandia, Yuri Thamrin dan Direksi Harrods Guy Cheston secara resmi membuka pameran di ikon kota London tersebut. Dalam acara [...]
The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise the country’s $14.3 trillion debt ceiling before Tuesday, when the Treasury will no longer be able to borrow funds to meet all of its obligations. That’s why major credit rating agencies are considering a downgrade of [...]
Maybe the cash-strapped U.S. government should start selling iPads. According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That’s still a lot of money, but it’s less than what Steve Jobs has lying around. Tech juggernaut Apple had a whopping $76.2 billion in cash and [...]
The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy. A small majority of economists — 30 out of 53 — surveyed over the past two days said the United States [...]
Editor’s note: Since 1995, the federal government has spent nearly $40 billion and provided trillions of dollars worth of insurance guarantees to lenders to promote homeownership, especially among communities of color. The infusion of money boosted homeownership rates slightly over the decades, but the ongoing national foreclosure crisis is wiping out all of those gains. We [...]
We’ve all read about huge family fortunes squandered in legal battles between siblings after the patriarch or matriarch dies. While most of us wouldn’t make national headlines regarding ourestate planning matters, the pain and destruction of inheritance feuds can be minimized if not totally avoided. Interestingly, most of these fights aren’t about money. “What causes [...]
NEW YORK — The Gang of Six wants to reform the tax code, something fiscal experts have been recommending for years. A better tax code is good for the economy and can help rein in debt. But taxes are a lightening rod. Many Republicans run screaming at the thought of any tax increasewhatsoever. And many Democrats [...]
A recent report from Lender Processing Services found that 6.38 million Americans had missed a mortgage payment in April 2011. Most economists project at least 2 million households will be foreclosed on by the end of the year. Unfortunately, too few realize that there are trained real estate professionals like Certified Distressed Property Experts (CDPEs) [...]
Country Unemployment rate Date Qatar 0.5 December 2010 Thailand 0.5 May 2011 Singapore 1.9 March 2011 Vietnam 2.6 June 2011 Switzerland 2.8 June 2011 Malaysia 3 April 2011 South Korea 3.2 May 2011 Norway 3.3 March 2011 Hong Kong 3.5 May 2011 Denmark 3.8 April 2011 Source:Â Trading Economics When looking at the world’s lowest unemployment [...]
Ratings agencies Standard & Poor’s and Moody’s both have warned that they might downgrade the United States’ AAA bond rating if a deal between the White House and Congress on raising the debt ceiling isn’t reached before an Aug. 2 deadline. NPR asked a trio of economists what it would mean if the bonds were [...]
Avoiding foreclosure is always a smart move, but now there are incentives that make it an even better one. Real Estate short sales are more valuable to homeowners than ever! Short sales and deeds-in-lieu are dignified solutions to foreclosure, and now the government is making them easier and quicker through the Home Affordable Foreclosure Alternatives [...]
The plunge in U.S. home prices showed signs of leveling off in April, but worries about unemployment pushed consumer confidence to a seven-month low in June. House prices were helped by the start of the spring selling season, data showed on Tuesday. Nonetheless, economists warned prices will likely crawl along at low levels as a [...]
Nearly two years after the official end of the recession, Americans still remain unconvinced. Consumer confidence has hit an eight-month low, according to a Conference Board report released Tuesday. The group studies how Americans feel about business conditions and the job market. It turns out consumers aren’t feeling so hot about the prospects for the [...]
Politicians in Washington hardly let a few minutes go by without mentioning how broke the government is. So, it’s a little surprising that they’ve created a stash of more than $1 billion that almost no one wants. Unused one-dollar coins havse been quietly piling up in Federal Reserve vaults in breathtaking numbers, thanks to a [...]
PDF