Global Markets Updates

Global Markets |Update| - Issue 127
(A weekly update on Global Markets )
Skyline Business School
Hauz Khas Enclave, New Delhi 110 016
Tel: 2686 4848, 2686 6968

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1 Asia shares edge up on Shanghai jump
Asian shares edged up on Thursday as a surge in the volatile Shanghai market helped underpin indexes around the region, offsetting a rocky start to the month on worries the global economic recovery is losing steam. European stocks were set to struggle in early trade after a dip on Wall Street, with futures on the Dow Jones Eurostoxx 50 down 0.2%. The sharp pull-back in US shares on Tuesday stirred some worries that equities may have topped out and are due for a deeper retreat after rallying almost non-stop for six months on the improving corporate earnings and growth outlook. The steady drop in government bond yields over the past month has also been taken as a worrying sign that bond market is ahead of stocks in seeing an economic deterioration on the horizon.
3rd September 2009, www.livemint.com

2 US stocks rise on data, gold gains as hedge
US stocks rose on Thursday after better-than-expected retail sales in August spurred optimism, but gold climbed to almost $1,000 an ounce in a sign of lingering risk aversion and fear of future inflation. Crude oil slipped, settling just under $68 a barrel, as disappointing news from the labor market outweighed upbeat data showing that the US service sector and retail sales improved. The yen fell from a seven-week high against the US dollar and declined versus other major currencies as a bearish tone earlier this week in world stock markets eased and reduced the Japanese currency’s safe-haven allure. US government debt prices fell, pulling benchmark yields back from seven-week lows, amid nervousness ahead of a key US employment report on Friday.
4th September 2009, www.livemint.com

(Post by Skyline College www.skylinecollege.com)



3 European shares gain after 4-day losing run; banks up
European equities rose on Friday after four sessions of losses, with financial and commodity shares gaining ground ahead of keenly-watched US non-farm payrolls data. At 0818 GMT, the FTSEurofirst 300 index of top European shares was 0.8% higher at 957.08 points. It is up 48% since a record low in March, but still down about 17% on a year ago just before the collapse of Lehman Brothers accelerated the global credit crisis. Banks were among top gainers, with Standard Chartered, HSBC, Barclays, Lloyds, Royal Bank of Scotland, Swedbank and KBC up 1 to 4.8%. Miners got strength from higher metals prices, with zinc jumping 5% to 13-month high on renewed confidence in the global economy. Gold has gained about 5% in two days to trade near $1,000 an ounce, copper rose 0.6%, and aluminium was up 0.5%.
4th September 2009, www.livemint.com

4 WTO ruling in favour of Boeing reflects pre-crisis time
The World Trade Organization’s ruling that European loans for Airbus were illegal subsidies is being cheered by US lawmakers loyal to the Boeing Co, even though the preliminary decision may seem quaint in a world where government subsidies, bailouts and takeovers are now commonplace. Friday’s ruling reflects the world as it existed five years ago when the United States brought the case against the European Union, arguing that such subsidies were unfair trading practices. But since then, the deep global recession has led to hundreds of billions of dollars in government subsidies and intervention in nearly all the world’s major economies, including big government ownership stakes in banks, and auto and insurance companies. Furthermore, other countries, including China, Japan and Brazil, are busy expanding or developing their domestic airline industries.
5th September 2009, www.livemint.com

5 Global economy finally starts expanding again
It’s not just the manufacturing sector that has started to expand globally—the services sector, too, is expanding. The JPMorgan Global Services Business Activity Index was at 50.5 in August, the first expansion in 15 months. In India, the new services purchasing managers’ index (PMI), sponsored by HSBC Holdings Plc, showed a reading of 54.9 in August. That’s higher than the manufacturing PMI of 53.2, implying the services sector is recovering more rapidly than manufacturing. But we need to be cautious about that conclusion, because one of the components of the index is the business expectations sub-index, which has jumped sharply to 73.1. Optimism may be too high. The gross domestic product (GDP) data for the first quarter of 2009-10 showed that the overall growth rate for the services sector was lower than in the two preceding quarters.
6th September 2009, www.livemint.com

6 Bank-owned asset management firms to benefit in new regime
Bank-owned asset management companies (AMCs), and those that don’t depend hugely on distributors to sell mutual funds, will enjoy an advantage over others in the Rs7.5 trillion Indian mutual fund industry after the recent regulatory changes, said a report of consulting firm McKinsey and Co. Capital markets regulator Securities and Exchange Board of India (Sebi) has recently banned AMCs from charging investors upfront fees. It also clamped restrictions on the so-called exit loads. There are 38 AMCs and roughly one-third of them are owned by banks. The Sebi move has forced AMCs to take a new look at their revenue models as they now cannot charge sales and distribution expenses to investors. According to the McKinsey report, the importance of proprietary channels will increase as bank-owned AMCs look to leverage captive infrastructure.
7th September 2009, www.livemint.com

7 Sensex crosses 16k, ends at 15 month high at 16,016.32
The key benchmark Sensex of the Bombay Stock Exchange (BSE) today crossed the 16k mark to end at a 15-month high of 16,016.32 with a big gain of 327.20 points on heavy speculative demand from Foreign Institutional Investors (FII'S) and mutual funds, propelled by strong global cues. The Nifty index of the NSE also ended at a 15 month high at 4782.90 with a gain of 102.50 points. The Sensex and Nifty closed at a fresh 2009 high on the back of support from heavyweights and hopes of an easing recession.
7th September 2009, www.livemint.com

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About Skyline College

Skyline College is a premium MBA, BBA, Mass Communication and Travel & Tourism institute in Delhi and Gurgaon.

The faculty of Skyline Business School is primarily drawn from the best B-Schools of the country
like IIMs, XLRI, MDI and many more.

Skyline Education Group comprises Skyline Business School, Skyline School of
Communications, and Skyline Institute of Travel & Tourism.
The mission of Skyline is to provide its students with the best professional career prospects
in the emerging global workplace and to equip them for more effective and organised
contributions to their chosen professions and fields.
Source: www.skylinecollege.com

Global Economy Update

Global Economy|Update| - Issue 127

(A weekly update on Global Business )

Skyline Business School
Hauz Khas Enclave, New Delhi 110 016
Tel: 2686 4848, 2686 6968

1 Boost for eurozone recovery hopes
Eurozone economic activity rose in August for the first time in 15 months, according to an influential survey. The latest Purchasing Managers' Index (PMI) figure rose to 50.4, raising hopes that the eurozone could soon emerge from recession. Any score above 50 shows an increase in economic activity. This is the first time the index has been above this benchmark score since May 2008. But separate figures show that retail sales in the eurozone fell in July. Also on Thursday, the European Central Bank kept its main interest rate on hold at 1%. The disappointing retail sales figures also cast doubt on a quick recovery. Sales in the 16 countries that use the euro fell by 0.2% in July compared with the previous month, defying expectations of a rise in consumer spending. Weak sales of food, drink and tobacco, down 0.5%, caused the overall drop, the official Eurostat figures showed. There was no change in sales of other goods.
3rd September 2009, www.bbc.co.uk

2 Downturn in US economy 'ending'
US Federal Reserve policymakers are increasingly confident the downturn in the US economy is ending, minutes from their latest meeting show. The assessment by recently re-appointed Fed Chairman Ben Bernanke and his colleagues struck a more upbeat tone than the last assessment in late June. But there was uncertainty about how quickly the economy would grow in 2010. Unemployment, which is set to move above 10% this year, may impact on consumer behaviour, they warned. However the Fed said that consumer spending appeared to be levelling out and that the housing market was becoming more solid, while manufacturing was stabilising. The prospects for US exporters will also brighten, as the economies of other countries improved, the policymakers added.
4th September 2009, www.bbc.co.uk
(Post by Skyline College www.skylinecollege.com)



3 Central banks back new regulation
Central bankers have backed new measures to strengthen supervision of the global banking industry. A meeting of the Bank for International Settlements (BIS), which consists of the world's central banks, pledged to increase bank's capital requirements. The plans should substantially reduce the probability and severity of economic and financial stress, the BIS said. But the BIS did not set out a timeline for implementation of the proposals. The measures will be outlined in detail by year-end and be introduced in a way that does not impede the recovery of the real economy. The BIS meeting comes just after the finance ministers from the Group of 20 richest nations meeting in London backed a system that rewards long-term performance rather than short-term risk-taking.
7th September 2009, www.bbc.co.uk

4 Airline losses 'hit $1bn a month'
Airlines are likely to have lost more than $6bn (£3.7bn) in the first half of 2009, according to the International Air Transport Association (Iata). This figure - an average of $1bn a month - is double the amount Iata said in December that airlines would lose during the whole of 2009. Airlines made losses between April and June, when they would usually make 50% of their annual profits, Iata said. Meanwhile, budget airline SkyEurope has filed for bankruptcy. The loss-making Slovakian airline, which was set up in 2001, has suspended all flights with immediate effect. And American Airlines has said it is cutting 921 flight attendant jobs as it deals with a downturn in passengers, and lower revenue.
2nd September 2009, www.bbc.co.uk

5 Further decline in Indian exports
India's exports declined at an annual rate of 28% in July, the 10th month in a row of falls, after the weak global economy continued to hit demand. The country exported $13.6bn (£8.2bn) of goods and services during the month, the official figures showed. At the same time, India's imports were down 37% to $19.6bn in July. Last week, the Indian government announced a series of measures to help exporters, including tax breaks and better access to finance. The latest export figures come a day after the Central Statistical Organisation said the country's economy expanded at an annual rate of 6.1% between April and June, up from 5.8% from January to March, lifted by government stimulus spending.
4th September 2009, www.bbc.co.uk

6 G20 pledges tougher bank action
Finance ministers from the world's most powerful economies have agreed a series of measures to try to regulate the global banking system. They want a system that rewards long-term performance rather than short-term risk-taking. However the G20 meeting in London did not agree on specific limits on the amounts individual bankers get paid. Britain, the US and Canada opposed the idea, but the Financial Stability Board is to examine the issue. It will report back to the summit of G20 leaders in Pittsburgh, Pennsylvania later this month. The G20 countries agreed on measures requiring banks to disclose the pay and bonuses of their highest-paid employees and to allow bonuses to be "clawed back" if decisions which seemed successful later go wrong.
8th September 2009, www.bbc.co.uk

7 Liechtenstein deal 'to net £1bn'
A breakthrough deal to recover lost tax from Britons holding bank accounts in Liechtenstein will net £1bn, Chancellor Alistair Darling has said. HM Revenue & Customs struck an agreement last month with the Alpine tax haven to exchange information. Up to 5,000 British investors are thought to have funds in secret accounts in the country - which would mean an average pay-back of £200,000. The Revenue has requested details of 100,000 offshore accounts worldwide. Tackling offshore evasion tax evasion and tax havens was "not only fair" but "particularly important... especially at a time when we expect public spending in the period ahead to be tighter", Mr Darling told the CBI Scotland annual dinner.
5th September 2009, www.bbc.co.uk

About Skyline College

Skyline College is a premium MBA, BBA, Mass Communication and Travel & Tourism institute in Delhi and Gurgaon.

The faculty of Skyline Business School is primarily drawn from the best B-Schools of the country
like IIMs, XLRI, MDI and many more.

Skyline Education Group comprises Skyline Business School, Skyline School of
Communications, and Skyline Institute of Travel & Tourism.
The mission of Skyline is to provide its students with the best professional career prospects
in the emerging global workplace and to equip them for more effective and organised
contributions to their chosen professions and fields.
Source: www.skylinecollege.com

Global Outsourcing Update

Global Outsourcing Update
(A weekly update on Global Business )
Skyline Business School
Hauz Khas Enclave, New Delhi 110 016
Tel: 2686 4848, 2686 6968

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1 Volkswagen to reduce outsourcing, exec tells paper
Volkswagen plans to manufacture more car parts itself rather than buying from outside suppliers as part of a bid to boost productivity, the German carmaker's head of production told a German newspaper. We are increasingly thinking about insourcing, production head Jochem Heizmann told daily Braunschweiger Zeitung in an interview provided to Reuters on Tuesday before publication on Wednesday. It's about engineering, about jobs in production and about making prototypes. We could also intensify in-house tool making. And we will certainly make more components ourselves, he was quoted as saying.
2nd September 2009, www.reuters.com

2 Northrop Gruman Admits Late on Virginia Outsourcing Deal
According to InformationWeek, Northrop Gruman has admitted that it is nine months behind schedule on revamping Virginia's information technology systems. Under the ten-year, $1.9 billion outsourcing deal, Northrop Gruman was supposed to complete the transition this past June. Now the contractor says the move won't be complete until at least March 2010. The admission is part of a corrective action plan "the contractor submitted to the Virginia Information Technologies Agency. Says Tom Shelman, VP and general manager for the Civil Systems Division at Northrop Grumman Information Systems. Controversy reached a height in June when Virginia lawmakers began an investigation into the outsourcing deal. There has been at least one casualty of the deal: State CIO Lemuel Stewart, who was axed shortly after a presentation in which he claimed Northrop Grumman was not meeting its contractual obligations.
2nd September 2009, www.tutorial-reports.com
(Post by Skyline College www.skylinecollege.com)



3 Spirit will outsource some IT work to IBM
Spirit AeroSystems said Wednesday that it is outsourcing some of its IT work to IBM, a move that will result in the elimination of jobs for 37 Spirit employees and 15 contractors. Debbie Gann, Spirit spokeswoman, said the company would work with the employees to find them other jobs with Spirit, with IBM or in the community. She said the move came as part of an evaluation of "what we're good at, what other people are better at. Though Spirit is based in Wichita, it has to be able to support its operations worldwide, she said. Spirit has seven facilities in five countries. In addition to the United States, Spirit has operations in the United Kingdom, China, Russia and Malaysia. The employees affected are among 455 Spirit employees and 22 contractors in IT. Gann said. Most were on Spirit's help desk.
4th September 2009, www.tutorial-reports.com

4 Innodata Isogen Signs $4 Million E-Book Contract with New Client
INNODATA ISOGEN, INC. a leading provider of knowledge process outsourcing services, as well as publishing and related information technology services, today announced that it has signed an agreement to provide e-book production services to a new client. Innodata Isogen estimates that the agreement will generate approximately $4 million in revenue over a period of about two years. The agreement with this client requires that Innodata Isogen not disclose the client`s name. The agreement calls for Innodata Isogen to convert thousands of titles from hard copy and various electronic formats - such as PDF, InDesign and Quark - to the EPUB format. EPUB, the official standard of the International Digital Publishing Forum, is an open standard for "reflowable" content, meaning that the text display can be optimized for almost any device, and is increasingly accepted as the leading standard for e-book production and publication.
3rd September 2009, www.tutorial-reports.com

5 CanWest to Outsource Ad Production
Facing $4 billion in debt and negotiating with creditors, Canwest Global Communications Corp. informed employees last week that it will outsource some ad-production now performed in Calgary and Regina to Affinity Express, Elgin, Ill., which has facilities in Pune, India, and Manilla, the Philippines. The number of jobs the move will eliminate at the Winnipeg-based group is not yet known. A Canwest spokeswoman said the cost-cutting measure was taken in response to the industry's and the overall economy's downturn. The move follows similar outsourcing earlier this year at Canwest's Ottawa Citizen, as well as at numerous U.S. newspapers in recent years.
4th September 2009, www.editorandpublisher.net

6 APS explores outsourcing some IT work
Arizona Public Service Co. is researching what it costs to have computer-programming work done offshore, but a company official said APS has no plans to send jobs overseas. The move comes as utilities face increasing pressure to keep prices low, but some regulators say using offshore labor might be going too far. APS has about 400 employees who work in its information-services department, and another 400 or so contractors to augment its staff. In June, APS asked for quotations from contractors in hopes of finding some new companies that can provide labor and to set standard prices for the work, spokesman Dan Wool said. APS asked for hourly rates, in U.S. dollars, for workers who can perform a variety of tasks, including areas such as Oracle databases, Web development and help-desk support.
5th September 2009, www.tutorial-reports.com

7 Outsourcing from Belgium
Belgian Grand Prix is not the only race where Indian hopes are riding high. A worsening economic crisis is forcing companies such as AXA, Dexia Bank, Belgacom, drugmaker UCB and car insurer Allianz in Belgium explore IT offshoring and back-office projects, making it almost USD6.5-billion opportunity for Indian outsourcing vendors including TCS, Infosys and Wipro apart from MNC rivals. According to Quantum Step, an outsourcing advisory firm, customers in Belgium will spend around USD1.8 billion on infrastructure management outsourcing, almost USD2.6 billion on application development and maintenance and nearly USD2 billion on BPO this year. We have recently started discussions with some Indian suppliers for pure offshoring of our ERP maintenance "it would be fair to assume that until last year, we were not prepared for any such initiative", said an official at one of the biggest Belgian enterprises.
7th September 2009, www.offshoringtimes.com www.offshoringtimes.com

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About Skyline College

Skyline College is a premium MBA, BBA, Mass Communication and Travel & Tourism institute in Delhi and Gurgaon.

The faculty of Skyline Business School is primarily drawn from the best B-Schools of the country
like IIMs, XLRI, MDI and many more.

Skyline Education Group comprises Skyline Business School, Skyline School of
Communications, and Skyline Institute of Travel & Tourism.
The mission of Skyline is to provide its students with the best professional career prospects
in the emerging global workplace and to equip them for more effective and organised
contributions to their chosen professions and fields.
Source: www.skylinecollege.com

Global Corporate - Skyline Updates

Global Corporate |Update| - Issue 127

(A weekly update on Global Business )
Skyline Business School
Hauz Khas Enclave, New Delhi 110 016
Tel: 2686 4848, 2686 6968

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Global Corporate

1 Mobile firms 'eyeing T-Mobile UK'
Vodafone, France Telecom and Telefonica are all in talks with Deutsche Telekom over buying its T-Mobile UK unit, the Financial Times (FT) has reported. The FT said people familiar with the situation had told it that all three were eyeing the UK mobile operator, although talks were at an early stage. The recent stock market rally meant a sale could raise about 4bn euros ($5.7bn; £3.5bn), the paper said. France Telecom owns Orange UK, while Telefonica owns O2. T-Mobile is currently the fourth-largest mobile operator in the UK, with a 15% share of the market. O2 is the largest UK operator, with a 27% share, followed by Vodafone (25%) and Orange (22%).
4th September 2009, www.bbc.co.uk

2 National Express gets £765m bid
The largest shareholder in National Express has made a £765m ($1.25bn)takeover offer for the transport group. Spain's Cosmen family - which owns an 18.5% stake - together with private equity firm CVC has offered 500p a share, up from an earlier bid of 450p. Rival Stagecoach also said it had agreed in principle to buy National Express's bus and rail operations from the consortium if a deal went through. National Express's shares surged 13.8% to 469p, the biggest gain since May. The CVC-Cosmen consortium said its latest offer was final, and would be withdrawn if not recommended by the board of National Express. The offer follows recent turmoil at National Express, which lost the rights to the East Coast route this year.
3rd September 2009, www.bbc.co.uk
(Post by Skyline College www.skylinecollege.com)




3 Pfizer whistle-blower's drug fear
A whistle-blower in the Pfizer healthcare fraud scandal has said he felt he was swimming upstream when the firm was illegally promoting drugs. "It's hard to do what's right when everyone else around you is following management sales directive," John Kopchinski told the BBC's World Today. Mr Kopchinski was awarded $50m (£31m) for helping expose Pfizer's wrongdoing. Pfizer is paying $2.3bn after promoting four drugs for conditions different to those for which they were approved. Ray Kerins, a spokesman for Pfizer, said the company had a strong commitment to compliance transparency.
2nd September 2009, www.bbc.co.uk

4 Google China chief leaves company
The man who led Google's expansion into China is leaving the company to start his own business. Lee Kai-Fu, who joined from Microsoft in 2004, will step down as president of Google in greater China in September, the company said. When he joined, Microsoft sued Google and Mr Lee, claiming he had violated an agreement that prohibited him from working for a rival for one year. The two sides later settled out of court, without releasing details. Mr Lee went on to become the face of Google China. But during his reign Google China had a difficult relationship with Beijing censors. In June, access to Google in some parts of China was disrupted, amid a row over what Chinese citizens should be allowed to view over the internet. A Chinese official also accused Google of spreading pornography and breaking Chinese law.
5th September 2009, www.bbc.co.uk

5 Bausch & Lomb set to axe 500 jobs
About 500 jobs are to be lost after contact lenses manufacturer Bausch & Lomb announced plans to move production from West Lothian. The American company has entered a 90-day consultation period with staff at its factory in Livingston. The company plans to move the work to existing sites in Ireland and the US. Bausch & Lomb, which has been in Livingston since 1996, announced a phased withdrawal from the site over the next year and early 2011. Gerald Ostrov, chairman and chief executive officer of Bausch & Lomb, was at the plant when local management informed employees of the news.
5th September 2009, www.bbc.co.uk

6 Pepsico among best employers for entry-level workers
India-origin Indra Nooyi-led Pepsico along with the US State Department and General Electric have been named among the best employers to launch a career in the US by BusinessWeek magazine. The league of best employers is topped by accounting major Deloitte followed by three of its competitors, Ernst & Young (2nd), PriceWaterhouse Coopers (3) and KPMG (4). In the list of 'Best Places to Launch a Career 2009', featuring 69 entities, soft drinks and beverages major Pepsico is placed at the 53rd position. The US State Department is at the fifth spot while industrial conglomerate General Electric is ranked 16. It also features the Central Intelligence Agency (CIA) at 23rd place. Regarding the list, the publication said virtually all of them are hiring far fewer entry-level employees than they did in 2008.
6th September 2009, www.economictimes.com

7 Alcatel-Lucent appoints Subhash Bana as VP R&D for India ops
Telecom equipment maker Alcatel-Lucent has appointed Subhash Bana as Vice President R&D for its India operations. Bana will oversee engineering performance across the carrier and applications software activities, the company said in a statement. He has over 24 years of experience in defence, telecom, media and entertainment markets, including 14 years in Alcatel-Lucent.
2nd September 2009, www.economictimes.com

8 Onida to give brand a makeover
In the face of India's changing consumer tastes, Onida has decided to say goodbye to the 'devil', the company's mascot that for years aroused envy of neighbours who didn't own its TV sets, and relaunch the brand. The company's 'devil' ad campaign, whose tagline was 'neighbour's envy, owner's pride, was a rage at one point in time, but the Indian multinational feels it has outlived its objective due to change in taste and financial capability of the consumer. At the time this famous campaign was launched, owning a television was a matter of pride for Indians. However, things have changed in the last 20 years due to liberalisation which has expanded market for both domestic and global brands as well as spending capabilities and owning a TV is no more a subject of neighbours envy.
7th September 2009, www.financialexpress.com

9 Kraft in £10.2bn move for Cadbury
US giant Kraft Foods has proposed buying UK confectionery firm Cadbury in a £10.2bn ($16.7bn) move. Kraft said that the purchase of the maker of Dairy Milk would protect jobs in the UK - including saving a factory earmarked for closure. Cadbury, whose shares leapt 36% on the news, had unequivocally rejected the approach, Kraft said. The US firm added it wanted to create a global powerhouse in snacks, confectionery and quick meals. As well as Dairy Milk, Cadbury also owns the Green & Black's chocolate brand and Halls lozenges, Trident and Dentyne gum brands, and liquorice allsorts maker Bassett's. It span off its drinks division as a separate business last year.
8th September 2009, www.bbc.co.uk

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About Skyline College

Skyline College is a premium MBA, BBA, Mass Communication and Travel & Tourism institute in Delhi and Gurgaon.

The faculty of Skyline Business School is primarily drawn from the best B-Schools of the country
like IIMs, XLRI, MDI and many more.

Skyline Education Group comprises Skyline Business School, Skyline School of
Communications, and Skyline Institute of Travel & Tourism.
The mission of Skyline is to provide its students with the best professional career prospects
in the emerging global workplace and to equip them for more effective and organised
contributions to their chosen professions and fields.
Source: www.skylinecollege.com

Global Business |Update| - Issue 127

Global Business |Update|
(A weekly update on Global Business )
Skyline Business School
Hauz Khas Enclave, New Delhi 110 016
Tel: 2686 4848, 2686 6968

---

Issue 127

Global Business Update
(2nd September ’09---8th September ’09)

Contents

Global Corporate

1 Mobile firms 'eyeing T-Mobile UK'
2 National Express gets £765m bid
3 Pfizer whistle-blower's drug fear
4 Google China chief leaves company
5 Bausch & Lomb set to axe 500 jobs
6 Pepsico among best employers for entry-level workers
7 Alcatel-Lucent appoints Subhash Bana as VP R&D for India ops
8 Onida to give brand a makeover
9 Kraft in £10.2bn move for Cadbury

Global Outsourcing

10 Volkswagen to reduce outsourcing, exec tells paper
11 Northrop Gruman Admits Late on Virginia Outsourcing Deal
12 Spirit will outsource some IT work to IBM
13 Innodata Isogen Signs $4 Million E-Book Contract with New Client
14 CanWest to Outsource Ad Production
15 APS explores outsourcing some IT work
16 Outsourcing from Belgium

Global Economy

17 Boost for eurozone recovery hopes
18 Downturn in US economy 'ending'
19 Central banks back new regulation
20 Airline losses 'hit $1bn a month'
21 Further decline in Indian exports
22 G20 pledges tougher bank action
23 Liechtenstein deal 'to net £1bn'

Global Markets

24 Asia shares edge up on Shanghai jump
25 US stocks rise on data, gold gains as hedge
26 European shares gain after 4-day losing run; banks up
27 WTO ruling in favour of Boeing reflects pre-crisis time
28 Global economy finally starts expanding again
29 Bank-owned asset management firms to benefit in new regime
30 Sensex crosses 16k, ends at 15 month high at 16,016.32


Compiled By
Himanshu Gupta,
BBA Alumni (2005-08), Marketing
Skyline Business School
Hauz Khas Enclave, New Delhi 110 016
Tel: 2686 4848, 2652 4399
http://www.skylinecollege.com

---

About Skyline College

Skyline College is a premium MBA, BBA, Mass Communication and Travel & Tourism institute in Delhi and Gurgaon.

The faculty of Skyline Business School is primarily drawn from the best B-Schools of the country
like IIMs, XLRI, MDI and many more.

Skyline Education Group comprises Skyline Business School, Skyline School of
Communications, and Skyline Institute of Travel & Tourism.
The mission of Skyline is to provide its students with the best professional career prospects
in the emerging global workplace and to equip them for more effective and organised
contributions to their chosen professions and fields.
Source: www.skylinecollege.com