Monday, September 21, 2009

Recession: Signs of recovery


Around the world, signs of bust turning to boomA year after Lehman Brothers filed for the largest bankruptcy in US corporate history, Richard Pattinson visits key business centres to find how they’re coping with the fallout.
Signs of recovery: US data gives world markets hopeStock markets across the globe moved up on Wednesday, in most cases to their highest levels in 2009, a sure sign that people are willing to bet real money on the green shoots of economic recovery.
Mid-size IT companies to ring in pay hikesAfter Wipro lifted freeze on promotions and hikes, mid-sized technology firms like MphasiS-EDS, Sonata Software and Symphony Services are also planning to increase salaries and give bonus.
US recession 'very likely over': Federal Reserve chairmanBen Bernanke said on Tuesday the worst recession since the 1930s is probably over, although he cautioned that pain - especially for the nearly 15 million unemployed Americans - will persist.
World wealth down 11.7%, fewer millionaires: ReportThe 2008 global recession caused the first worldwide contraction in assets under management in nearly a decade, according to a study that found wealth dropped 11.7% to $92.4 trillion.

No comments:

Post a Comment