DAILY GLOBAL BUSINESS POINT

Now, now, this is going to warm all our hearts. The news from UK is very positive. And clear. The headhunters are getting ready to poach people. The recruitment firm Michael Page said it was being asked to find twice as many bankers in the UK as it was a year ago. Banks are among [...]

Chinese Premier wants the inflation for 2010 to be at 3% but the way the prices have been shooting up in the last few months, it is going to be a tough job out there for him. The crude oil prices are shooting up as also all the major industrial commodities.
And people across Chinese cities [...]

No amount of bad experience can cure people of set bad habits it seems. This was confirmed by the fact that the borrowing by US consumers rose for the first time in a year in January, according to the Federal Reserve. The central bank said consumer credit rose 2.4% or $5bn (£3.3bn) from December 2009 [...]

German Chancellor Angela Merkel has said Greece does not need financial aid, after talks with Prime Minister George Papandreou in Berlin.
She said Greece has not asked for financial support and that the stability of the eurozone is “assured”.
Athens saw its most serious unrest since the financial crisis began, as MPs passed austerity measures.
Rock-throwing protesters outside [...]

China has planned to bonds worth 200 billion to fund the infrastructure projects of local governments. About 1.42 trillion yuan of treasury debt was sold last year. The sales was aimed at financing the highest ever fiscal deficit last year.
The finance ministry of China would be organizing the debt auctions and would [...]

The head of insurance giant Aviva has shrugged off the growth plans of rival insurer Prudential, saying that he will concentrate on Europe rather than Asia.
Aviva chief Andrew Moss, who also unveiled a surprise rise in Aviva’s operating profits, called Prudential’s takeover plans in Asia “audacious”.
In contrast, Aviva is staking its future on growth in [...]

The European Central Bank (ECB) has kept the eurozone interest rate at its record low of 1% for the 10th month in a row, as expected. The ECB also signalled it would scale back the special lending measures introduced during the financial crisis. ECB president Jean-Claude Trichet said that economic recovery in the euro area [...]

Australia’s economy grew strongly in the final three months of 2009, capping a year in which it was the only major economy to avoid recession. The nation grew 0.9% from the July-to-October quarter, its biggest expansion since March 2008, the government’s statistics bureau said. Australia’s growth was “the envy of the developed world,” Treasurer Wayne [...]

The euro has risen against the dollar as Greece unveiled a new series of austerity measures. The euro rose 0.3% to $1.3637 but was slightly lower against the pound at 90.60 pence. Based on the austerity measures of Greek, this was possible, according to the analysts. On Tuesday, the currency fell to its lowest level [...]

The euro fell to its lowest level against the dollar for 10 months amid continuing concerns over Greece’s debt crisis, before recovering slightly. Since the Dollar started going up, also because of fears on the euro performance, it has started falling. Persistent worries over its 300bn euro ($419bn; £259bn) debt has weighed on the European [...]