Glenn Stevens helped steer Australia safely through the global financial crisis as head of the country's central bank. Now, as growth slows and joblessness rises, he warns Australia faces a new threat: hubris.
Companies claw back almost two-fifths of cash paid out to shareholders since start of financial crisis, says Capita UK companies raised £10.2bn from shareholders in the first three quarters of this year, more than twice as much as was raised in 2011 and 2012 combined. At 59, the number of firms calling for cash so far in 2013 is higher than in any year since 2009, according to research from Capita Asset Services released on Monday. Despite dividend payments being at a record high, companies have clawed back almost two-fifths of the cash paid out to [...]
Despite perception of corruption rising, PM bats away claims and points to what he describes as green shoots in Spain's economy Beyond the walls of the gated compound of La Moncloa, a tree-lined driveway leads up to the Spanish prime minister's official residence, taking you into a world far removed from the reality of life on the streets of crisis-hit Spain. Sitting inside the country's centre of power, on the outskirts of Madrid, Mariano Rajoy faces what to many might seem insurmountable problems. Unemployment remains stalled at 26%, reaching 56% [...]