Credit World News

The Brazilians may dislike this, but the football fans worldwide are waiting eagerly for the final on June 30 th . Violent protests were inefficient to suppress the football fans and FIFA from holding the match in Brazil . The FIFA headquarter in Zurich went ahead with its decision of Confederation Cup venue being in Brazil who are also the defending champions. The Secretary General for FIFA Mr Jerome Valcke clearly opposed Brazil sports minister Aldo Rebelo’s revelation that so many other countries has expressed the willingness to be the host of confederation cup 2013 in an open stage. Divided into 2 groups A and B, the host country Brazil came out to be the first semifinalist by beating Uruguay for a 2-1 rate. The next semifinal is going to be between Spain and Italy and the world is waiting to see whether the bullfighter’s race ahead or Il Canto degli Italiani will be played. The highlight of this Confederation Cup was Team Tahiti group B member winners of the OFC, ...

The financial safety of the banks is highly scrutinized these days as the concern over the finance and related issues increases day by day. The Global Finance released a report on the safest banks in the world. The report has 50 banks which are rated as highly stable and considered as the best. KfW  the German, government owned bank topped the list for being the safest bank in the world. Formed in 1948 and based in Frankfurt, 80% of the bank is owned by the Federal Republic of Germany and 20% of ownership vests with States of Germany. Bank Nederlandse Gemmeenten is the second best bank in this list. This is the 4 th bank in the Netherlands on the base of assets. BNG lends finance only to semi-public organizations. Third best bank is a Swiss bank Zurcher Kantonalbank with total asset of CHF 110 billion. Landwirtschaftliche Rentenbank is the 4 th bank in this list which is headquartered in Frankfurt. This bank focuses on lending in agriculture and food ...

The Global Risk Report 2013, released by the World Economic Forum is a detailed study on the risk which will affect the world in the near future. This Blog keeps the vision to promote awareness about that crucial report. In the introduction Mr Klaus Schwab Founder and Executive Chairman of World Economic Forum has invited our attention towards these risks and requested to debate on these threats This year’s meeting of the World Economic Forum was held at Davos , Switzerland on the theme Resilient Dynamism. This particular theme was raised to bring and spread awareness about the risks which will affect the whole world without the country barrier. These risks are divided into three categories such as 1) preventable risks 2) strategic risks 3) external risks or global risks. This report is based on this years’ Global Risk Perception Survey performed by more than 1000 experts from various sectors including industry, government, academics and civilians. Economic Risks Fi...

Middle East is rather known for its battles, civil uprisings, and immense amount of oil which supports the region. An interesting study on the Middle East countries done by ICAEW  with focus on the UAE, Bahrain , Saudi Arabia , Oman , Qatar , Kuwait , Egypt , Iran , Iraq and Lebanon revealed a lot of information on growth and employment of this region. The Middle East economy is expected to be stronger by 3.9% in this year than the world economy. The whole GCC‘s GDP growth is assessed to be 4.8%. The growth rate of GCC was higher by 6% in 2012 than the current rate in 2013. This is much above the growth rate of western countries. The tremendous growth in population is outpacing the European countries. The maximum number of youth under 30 is in the Middle East region and from 1990-2010 the population grew by 52 % when the population growth rate of the world was only 30%! One amazing fact is that the population growth rate in the EU countries in the same period was onl...

The Japanese Crisis in 1993 paved the way for many banks to be in the Zombie Bank status. The term Zombie Bank was coined by Mr. Edward Keyne and it applies to those banks with net worth zero yet operating on government bailouts. The 10 years of Japanese Crisis is also described as the Lost Decades which witnessed Japanese Asset Price Bubble collapsing within the Japanese economy. According to the FDIC Problem Bank List there are around 844 banks which are almost like Zombies, in the US itself. The list has been kept confidential. The threat of Zombie banks is becoming universal and countries are finding ways to bring these banks back to action. Most prominently EU banks are debating about recapitalizing their Zombie Banks. According to the recent speech of Mr Klass Knot, Dutch Central Bank President and The European Central Bank Governing Council member, revival of the banks will vitalize the depressed economy and is inevitable in the current scenario. The main strategies ...