UBS sent shockwaves through the global financial sector when it put bankers on special leave on the very day it confirmed 10,000 job cuts. Daniel Garrahan reports on why a new trend of restructuring could be just what investment banking needs. Related Article: http://www.ft.com/cms/s/0/8d14cbf0-2282-11e2-8edf-00144feabdc0.html
The number of high net worth individuals in Asia now outnumbers both the US and Europe. For high end banks and other companies, Asia's growing number of entrepreneurs are a significant source of new business. The FT's Tom Griggs investigates.
Ohio voters will do more than choose between Barack Obama and Mitt Romney in the November election as the bailed out rust belt state ponders one of the most fundamental issues of this election. The FT's Christopher Booker explores what state residents think is the proper relationship between the federal government and private enterprise. Related article: http://www.ft.com/intl/cms/s/0/c210b1e4-07fb-11e2-9df2-00144feabdc0.html#axzz27deBLciX For more video content from the Financial Times visit: http://www.ft.com/video http://www.FT.com/
Municipal bond defaults in the United States have attracted plenty of discussion recently. With Stockton, Harrisburg and Jefferson counties all going bankrupt in 2012, muni bond buyers are nervously eyeing where the next default will occur.
University of Melbourne, 4 Other Australian Institutions, Make It To Top 100 Global Universities in 2012
Five universities from Australia , led by the University of Melbourne, have been included in the latest Academic Ranking of World Universities (ARWU), released on Wednesday, a feat to be considered five years after the country decided to invest heavily into a world-class university system. Of the 39 Australia n universities included in the list, which tallied 500, five institutions were in the top 100, including University of Melbourne at 57, the Australian National University at 64, the University of Queensland at 90, the University of Sydney at 93, and, the University of Western Australia at 96. Moreover, of the 39 total, 19 were listed under the top 500, putting Australia with the fourth most successful higher education system globally
As Brazil prepares to host two of the world's largest public sporting spectacles, the Olympics and the World Cup, thousands of people living in poor urban areas are facing forced evictions or have already been displaced by development projects. Slums sitting upon highly valued real estate throughout several Brazilian cities are being torn down to make way for stadiums, highways and hotels, while the local residents are pushed to the outskirts, often far away from their places of business, civic institutions and public services
India 's wholesale price index (WPI) declined to 6.87 percent in July, contrary to analysts' expectations, triggering hopes for further rate cuts by the Reserve Bank of India . The WPI data released by the government Monday show that inflation decreased to 6.87 percent in July from 7.25 percent in June, touching the lowest level since 2010.
With the economy of New Zealand showing signs of stability and moderate growth, more and more nations are interested to invest in its bond market, particularly China . This, as New Zealand scouts buyers for NZ$13.5 billion ($11 billion) of bonds in the year ending June 30, 2013.
Shares of Google (Nasdaq: GOOG), the No. 1 search engine, set a five-month high Monday after the company advised the U.S. Securities and Exchange Commission of plans to fire 4,000 employees, all from its Motorola unit, two-thirds outside the U.S
As the US election looms, India's outsourcers once again find themselves at the centre of a political row over jobs.