The Economic activity in developed economies worldwide has risen for the third consecutive quarter in the three months to end March, although at a slower rate compared to the previous period, said the Wall Street Journal. The data published today by the Organization for Economic Cooperation and Development (OECD) show that gross domestic product of 31-th States was by 0.7% higher compared to the three months to the end of December and 2.5 % higher than the first quarter of 2009. This is the first GDP growth on an annual basis from the third quarter of 2008 and another sign that the global economy recover. OECD members formed 61.3 percent of global GDP. However, growth is far from uniform, with the European Union lags behind the U.S. and Japan – the conditions of recovery which is expected to continue in the future. While the U.S. economy grew by 0.8 percent compared to fourth quarter, and Japan – with 1.2 percent, the economies of the eurozone and the EU have risen by only 0.2 percent.
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The Banks in Britain should be obliged to disclose the number and names of employees with a salary of over 1 million pounds annually. That says a proposal by the government commission that deals with control of the banking system. The document, whose author is the former head of Morgan Stanley International, David Walker, offers other measures to reduce the risk of the banks operations. It recommends strengthening the role of shareholders and employees who are not related to the operational management of banks submitted AR. “Institutional investors should not be so passive and be ready to intervene at an early stage in the event that they see weaknesses in management,” said Walter. “Early preventive measures on the part of shareholders can save considerable money and time at a later stage,” he said.
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After two consecutive weekly loss, the main stock indexes in the United States began with the first session of increases this week. Reason for optimism given the stock index of economic activity in services, which in September rose to its highest level since May 2008 and its value indicates growth in the sector for the first time last year. The index of the 30 largest stock companies Dow Jones IA increased by 0.5 percent to 9537.4 points in about an hour and a half after the start of trading. The wider S & P 500 added 0.8 percent to 1033.2 points while the index of companies by the exchange Nasdaq – Nasdaq Composite, is progressing well with the 0.7 percent to 2064.5 points. Financial and extractive companies are ranked among the most profitable companies. Upstream movements of quotations grew when it became clear that the index of business activity in services rose to 50.9 points in September to 48.4 points in August.
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