Corliss Online Group Financial Mag: Mild budget surplus for Hong Kong - 1 views
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Hong Kong forecasts fastest economic growth in 3 years - 1 views
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Financial Blog Corliss Group Cybercrime Could Cost Global Economy Over $500 Billion - 2 views
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martaakerman on 15 Jun 14McAfee report paints grim picture of lucrative industry, despite incomplete data. Cybercrime could be costing the global economy as much as $575 billion annually, according to a new report from McAfee. The Intel-owned security company based its estimate on a range of sources, from government agencies to NGOs and academic institutions, counting both direct and indirect costs. The report, Estimating the Global Cost of Cybercrime explained the methodology as follows: "This study assumes that the cost of cybercrime is a constant share of national income, adjusted for levels of development. We calculated the likely global cost by looking at publically available data from individual countries, buttressed by interviews with government officials and experts. We looked for confirming evidence for these numbers by looking at data on IP theft, fraud, or recovery costs. In addition to a mass of anecdotes, we ultimately found aggregate data for 51 countries in all regions of the world who account for 80% of global income. We used this data to estimate the global cost, adjusting for differences among regions." However, the vendor cautioned that "differences in the thoroughness of national accounting", as well as underreporting of incidents and the difficulty of valuing IP all make calculations an imprecise art. High income countries lost more as a percentage of GDP, which could be because they have better accounting systems in place and/or that their IP is more valuable and therefore a bigger target for criminals. The $575bn figure therefore comes from extrapolating a global total from high loss countries. It could be as low as $375bn if McAfee had extrapolated from "all countries where we could find open source data".
Corliss Group Online Financial Mag, Stocks Fall as Slide in Emerging Markets Sends Bond... - 1 views
http://www.sfgate.com/business/bloomberg/article/Stocks-Fall-as-Slide-in-Emerging-Markets-Sends-5172877.php Jan. 24 (Bloomberg) -- Global stocks tumbled the most since June, as the biggest drop in...
China money market rates soar to 4-month high - 1 views
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October 30, Wednesday, China's money market rates pointed on to a four-month high, a day following the country's central bank instill funds into the market to relieve worries that it was preparing to considerably constrict credit situation. The seven-day report rate, observed as a key measure of confidence to lend in the interbank markets, rose to around 5.59 percent - up about 64 basis points from the prior day. Analysts said that the jump in rates was seasonal in nature and at this stage were not too concerned about a repeat of events in June when a surge in money market rates fueled fears of a credit crunch in the world's number two economy. They further mentioned that liquidity infused into the market this week had not been huge enough to shove overnight lending rates considerably lower. On Tuesday via an open market operation, the People's Bank of China (PBOC) infused 13 billion yuan ($2.13 billion) into money markets. "Liquidity remains tight and the repo operation yesterday was small," said Nizam Idris, managing director, head of strategy, fixed income and currencies atMacquarie Bank. "China is still in the process of fine-tuning rates." Chris Weston, chief market strategist at trading firm IG, added: "Month end is coming up and of course tax implications are being blamed for higher rates." No fear With the benchmark Shanghai Composite stock index up 0.75 percent in afternoon Asia trade, Chinese markets became visible to take the spike in money market rates in stride. Analysts put this down to assumptions that the PBOC would approach into the market with better injections of cash to alleviate any doubts that it was geting ready to constrict monetary conditions in a big way. On Tuesday and Thursday, the PBOC usually carry out reverse-repurchase operations, an opportunity for it to inject liquidity into Chinese money markets. "They [PBOC policymakers] will probably provide liquidity on Thursday - at this point they don't wa
Corliss Online Group Financial Mag: Can Hong Kong Solve Scotland's Currency 'Fankle'? - 1 views
Scottish nationalists are in a quandary: how to dissolve the three-century bond with the United Kingdom while preserving their monetary link with the British pound. And Hong Kong may provide the a...
Corliss Online Financial Mag: P&G to Sell 100 Brands - 1 views
Consumer goods manufacturer Procter & Gamble confirmed last week that they plan to sell off a total of 100 brands, suggesting deeper cuts than originally reported. P&G confirmed they have ...
Corliss Group Online Financial Mag Hong Kong 5 Can't Miss Investing Stories Last Week - 1 views
Corliss Group Online Financial Mag Hong Kong 5 Can't Miss Investing Stories Last Week Let the good times roll! The S&P/TSX Composite Index (TSX:^OSPTX) continued its month-long winning streak las...
Financial Blog Corliss Group| The Motley Fool: Every Sunday, Useful Tips on Investing - 2 views
Q: What's a leveraged buyout? A: A leveraged buyout (LBO) is when a company is bought out by another entity (or entities), using a lot of debt. Private-equity investors are typically invo...
Corliss Group Online Financial Mag: 6 investing dos and don'ts for 2014 - 1 views
Successful investing depends a lot on timing. You want your money to be in the right place at the right time in order to obtain the best results. Take Japan for example. For years, the Tokyo marke...
Corliss Group Online Financial Mag, Thai Tourism Hurt as Protests Mean Lunar New Year T... - 1 views
Thai anti-government protests that have shut down parts of Bangkok may cost the nation's tourism industry as Chinese visitors cancel trips during the lunar new year holiday that starts this week. ...
Corliss Online Group Financial magazine on how to get out of credit card debt faster - 1 views
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IT'S time to come clean about our dirty credit card habits and how we can avoid them eroding our wealth. While we've all been slowly reducing our outstanding credit card balances, with $34 billion still owing, they remain the scourge of most families. It's fair to say credit cards are the most potent weapon of mass financial destruction since the loan shark. Their convenience and flexibility means it's so easy for them to get out of hand and lead to serious financial distress. We need to be vigilant in ensuring our credit cards work for us and don't destroy our finances. To avoid getting into trouble in the first place, or get back in control of an existing debt, here are our five golden rules for using credit cards.
Corliss Online Group Financial magazine on Top 10 tips for female entrepreneurs - 1 views
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A study last year by the department for business revealed that - finally - more women are taking the plunge and launching their own businesses. The number is still pretty low - just nineteen per cent of SMEs are female-led, according to the study, but, more encouragingly, a quarter of new businesses - two to three years old - were formed by women. I was fortunate enough to speak at an all-female business event held by the New Entrepreneurs Foundation last week to drive more women to apply for its new programme, which got me really thinking about how we can encourage more women to choose the enterprise path, like I did. Something Anne Marie Morris MP mentioned in her speech really brought it home - women-led businesses contribute £70 billion to the UK economy. That is surely too significant a figure to ignore?!
Corliss Group Online Financial Mag Hong Kong World's first physical bitcoin store opens... - 1 views
Corliss Group Online Financial Mag Hong Kong World's first physical bitcoin store opens in HK The world's first physical retail store selling the controversial virtual currency bitcoin h...
Financial Blog Corliss Online Group: Another deficit of clear thinking among Hong Kong'... - 1 views
Philip Bowring is appalled by the report on fiscal planning(http://www.scmp.com/comment/insight-opinion/article/1443828/another-deficit-clear-thinking-among-hong-kongs-fiscal) that seeks to preserv...
Financial Blog Corliss Group: Russia Admits That Its Economy Is In Crisis - 1 views
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MOSCOW (Reuters) - Russia's government acknowledged for the first time on Monday that the economy was in crisis, undermining earlier attempts by officials to suggest albeit weakening growth it could weather sanctions over Ukraine. Moscow markets wait to see the full scale of western measures over the seizure of Ukraine's Crimea and support of its referendum to join Russia, after losing billions of dollars in recent weeks in state and corporate money. More from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ https://www.facebook.com/corlissonlinefinancialmag https://twitter.com/CorlissGroupMag
Economist: U.S. market recovery is a fraud, Corliss Online Financial Mag - 1 views
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Economist: U.S. labor market recovery is a fraud http://www.bizjournals.com/jacksonville/news/2013/10/02/economist-us-labor-market-recovery.html University of Central Florida economist Sean Snaith has this to say about the current labor market recovery: It's a fraud. That's because there's more to assessing economic recovery than just monthly payroll job gains and a declining unemployment rate, he said. "You need to look at the number of jobs being created in the context of the potential number of workers in the U.S. economy," Snaith said. "The gap between payroll employment and the Congressional Budget Office estimates of the potential number of workers in the U.S. economy is pretty darn scary right now." If payroll job growth were to persist at the average level of the past three jobs reports and increase at just 148,000 jobs per month, it would take until December 2021 for employment to reach its CBO estimated potential, he added. In his 2013 third-quarter U.S. forecast, Snaith explains that by just focusing on the unemployment rate, many analysts erroneously are predicting a fast recovery that's simply not there yet. That's why it's not surprising that consumers are holding back on spending, which in the past has brought the economy out of the doldrums, he said. Snaith was only one of four national economists to predict that the federal Reserve Bank would continue to funnel billions of dollars into the market on a daily basis as a way to help stimulate the economy and not begin tapering that process until 2014. "Will the Federal Reserve's exit be more like Ginger Rogers gliding across the dance floor or Miley Cyrus awkwardly twerking remains to be seen," Snaith said. "But given the phony labor-market recovery it could be some time before the Fed hits the dance floor." More Related Article: http://www.wattpad.com/25728832-the-corliss-group-stocks-surge-past-economic http://www.yellowbook.com/profile/corliss-group-the_1855
Financial Review Corliss Group online magazine: Ways to reduce your vulnerability on ta... - 1 views
10 ways to reduce your vulnerability on tax-related identity theft Identity theft continues to be one of the major growing crimes in United States nowadays, and places a large burden on victims, b...