article thumbnail

Ukraine PM Accuses Russia of Wanting WWIII; Kiev Forces Block Rebel Town; Russia Issues Downbeat Economic Statement

MishTalk

On Friday, April 25th, Russia’s central bank raised its benchmark interest rate by 50 basis points to 7.5 For comparison, the economy grew by 3.4% per cent, giving higher inflation risks as a reason behind its decision. The Russian economy expanded 1.3 per cent in 2013, the slowest pace of growth since a 2009 recession.

article thumbnail

Zero-Based Budgeting Is Not a Wonder Diet for Companies

Harvard Business

Traditional ZBB implementations focus almost exclusively on simple SG&A , in part because SG&A benchmark data is far more readily attainable than are relevant data from the core functions of comparable companies. In another company, commercial discounts was essentially a black box for the finance chief and CEO.

Company 29
article thumbnail

Reflections on 2013; What's Important, What's Not? What's Ahead?

MishTalk

Total credit in the economy (total social financing) showed a 40 per cent rise in November over the prior month and is on course for growth this year of almost 20 per cent. Cash Crunch In December, China had its second Cash Crunch for the year in which the 7-day interest rates doubled to 10%.