Economic News

SYDNEY (XFN-ASIA) - Following is the Reserve Bank of Australia's semi-annual financial stability report which was finalised on March 23. "Over recent years, financial systems around the world have benefited from generally favourable economic and financial conditions. The world economy has grown at an above-average pace over the past four years and, for most of this period, volatility in f ...

Private equity takeovers which back management buyouts tend to create jobs at the companies being bought, a report by an economic think tank has claimed. But The Work Foundation adds that when a private equity group installs a new management team, the firm's workforce and pay are likely to be reduced. Private equity groups use a mixture of their own money and debt to buy firms which they feel are underperforming. They usually look for a profitable sale within three to seven years. Asset str ...