Compensation

The EU introduced new bonus caps for bankers. This change “applies to all bankers in the European Union as well as to employees of EU lenders anywhere in the world,” according to the following article from BusinessWeek:

Banker Bonuses Face Toughest Curbs in EU Basel Law DealBankers (SX7P) in the European Union, who already have the toughest bonus curbs in the Group of 20 nations, may face even stricter pay li…

The FT gave some examples of how these caps would work:

How the rules would hit pay – FT.comFollowing a provisional agreement in Brussels to cap bankers’ bonuses, Lina Saigol and Ben Fenton look at how the new rules would have af…

Meanwhile, excessive executive compensation hit the news in Switzerland…

Why Rich Switzerland Is Livid About Rich-Executive PayoutsChristian Hartmann / REUTERS The anger over excessive executive pay has finally spilled over to affluent Switzerland, more than a year af…

… and in China.

New scrutiny, limits for executive salaries at China’s State Owned Enterprises (SOEs): "In the past, when the State-Owned Assets Supervision and Administration Commission (SASAC) assessed SOEs, it ignored the fact that they enjoyed favorable bank loan policies, which led to extremely high salaries among their high executives." – Economic Observer (scroll down to read article) <a href="http://ow.ly/i105y" class="">http://ow.ly/i105y</a>

In India, Aon Hewitt released details from a new salary survey:

Want to Know This Year’s Salary?Indian workers are likely to see their salaries increase by an average of 10.3% in 2013, the lowest rate in four years and below the aver…

Economy

India’s downturn ‘more or less over’ – FT.comIndia’s economy is likely to grow by 6.1-6.7 per cent in the fiscal year to March 2014, higher than the 5 per cent predicted for the curr…

Real Estate Trends and Notable Sales

Hong Kong Notches $84 Million Home SaleA two-story house at one of Hong Kong’s swankiest addresses has sold for an exorbitant $84 million, in another sign of how the government…

Is China’s Property Market Topping Out?China’s economy has only just turned the corner after seven consecutive quarters of slowing growth, but people are already looking for si…

Research Tools

Introducing Our New Input Tools – Google Translate BlogWednesday, February 6, 2013 | 12:24 PM Considering the vast number of w ays that users type in our 65 supported languages, we are pleased…