Global economy & markets

Hiring optimism up amongst US finance professionals

US companies’ concerns about hiring have dissipated in the past year. More finance professionals expect their organisations to add workers, according to the latest American Institute of CPAs Business & Industry Economic Outlook Survey.

G8 leaders agree to greater tax transparency

Leaders of the G8 countries agreed to steps to improve tax transparency at their summit in Lough Erne, Northern Ireland, on Tuesday. The countries also agreed, in a separate declaration, that “[t]ax authorities across the world should automatically share information to fight the scourge of tax evasion.”

Executives warm only slowly to spending more cash on M&A

Executives are only slowly losing their reluctance to spend some of the record amounts of cash on hand. Despite favourable M&A conditions in the United States, respondents in two surveys were most likely to stick with their existing plans rather than spend more cash on deals in 2013.

Emerging cities: Guangzhou

Get a quick snapshot of Guangzhou, the commercial hub of south China and the capital of Guangdong province.

CEOs put China at top of investment wish list

China is transforming from a low-cost labour market into the world’s largest middle-class consumer market, and CEOs are taking note. In a survey of CEOs from around the world, China emerged as the most attractive country for foreign investments.

Indonesia’s consumer base to double by 2020

Indonesia is an emerging economic powerhouse with a consumer population that is projected to nearly double by 2020. But companies entering the Indonesian market have to overcome infrastructure challenges and tailor their marketing messages to a family-oriented, bargain-hunting society.

Search for growth drives rise in cross-border acquisitions

Interest in mergers and acquisitions declined in 2012 due to sovereign debt crises in Europe, fiscal uncertainty in the US and political instability in the Middle East. But a Grant Thornton study suggests the appetite for cross-border deals increased.

US economic optimism still neutral, but rising

US economic optimism is on the rise, but that rise has brought it only into the neutral category, according to the latest AICPA Business & Industry Economic Outlook Survey. CPA decision-makers feel good about their businesses’ potential for growth, as each component of a nine-factor index rose compared with the fourth quarter of 2012.

CFOs’ optimism on the rise

CFOs in the United States have greater expectations for economic growth in the next 12 months compared with the sentiment of counterparts in Italy and France. A new quarterly survey shows that US CFOs project higher net earnings and revenue. Their companies also are more likely to add staff in the next year.

What worries CEOs most?

Global economic uncertainty, government response to debt and deficit, and overregulation are among the most worrisome things to CEOs these days, according to PwC’s annual global CEO survey. Find out what strategies they’re employing to protect their companies from the effects of each.

Finance executives worldwide on alert about US debt issues

Management accountants are bracing for a decision by the US Congress on the nation’s debt ceiling and spending, and a majority predict the US will suffer in the form of a lower credit rating and weaker dollar. Market volatility and uncertainty is a concern for many finance executives, according to a new CGMA survey.
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