British bank Barclays has confirmed plans to cut 14,000 employees worldwide. 70% of the planned cuts will be in Britain. The bank had previously said that the new strategy would involve a reduction of 12,000 employees. One of the goals is to reduce spending cuts of 1.7 billion pounds ($ 2.9 billion) by 2015. First of all reduction will affect units that are engaged in investment projects. First 7 thousand jobs will be cut by 2016. In total, by 2016 Barclays plans to cut 19 thousand, 10 thousand of them in the United Kingdom. In these non...
Forex market is described as the “Wild West” of the online trading world. One of the biggest disadvantages of the forex market is that it is fast and volatile which means that you can make money fast; the downside is that you can lose money just as fast as well. Currency values can change without warning which is making it very difficult to accurately predict the forex market movements and where to invest your money. Trading forex with leverage can provide big advantages for forex traders and can help you make bigger...
According to research carried out by the International Comparison Programme for the World Bank, China is moving close to becoming as large an economy as the US. Its research, published this month, is the basis for the purchasing power parity (PPP) estimates that underline most comparisons between the world's economies. The evidence shows that by the end of 2011 China's economy was 87% the size of the US economy – and given the cumulative growth rates since, by the end of this year China might already be bigger. This would have...
The foreign exchange market also known as forex has unique characteristics that set it apart from other markets like futures, equities, etc. Those differences between the forex market and other markets provide many advantages which traders can benefit from on a day to day basis. Some see the foreign exchange market as very similar to other financial markets, but there are a number of differences which distinguish forex from other markets. Trading hours is one of the differences between the forex market and other market. All over the world...
Swiss citizens in a national referendum rejected the proposal to introduce the world's highest minimum wage, according to local news sources. Trade unions proposed a minimum wage of 22 Swiss francs (about $ 25) per hour of work. The monthly minimum wage should therefore be about 4 thousand francs (4.5 thousand dollars). Initiators of the referendum argued that it is necessary to maintain a decent standard of living. Opponents believe that such measures will increase production costs and lead to higher unemployment, especially among...
