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bjbj This week Big4.com brings you PwC s finding that China To Be The Most Favored Destination
For Companies Looking To Raise Capital And Float Their Businesses, Ernst &Young s forecast
on Further Interest Rate Cuts Likely In Bleak Eurozone Mid Winter, KPMG s recommendation
that Anti-Bribery And Corruption Arrangements Need To Be Revisited, KPMG s report on Businesses
In Emerging Markets Adopting Social Media, Accenture forecasting that Consumer Electronics
Industry May Face $17 Billion Product Returns Bill and that Deloitte s Consumer Spending
Index Did Drop In November Each week Big4.com covers key news, events, happenings, opinions
and blogs relating to all the Big Four accounting and consulting firms. You can view this video
our website and on Big4.com's channel on Youtube. So, let s start with this week's round-up
of the top news! PwC: China To Be The Most Favoured Destination For Companies Looking
To Raise Capital And Float Their Businesses Fifteen years from now, China is predicted
by almost 80% of respondents to HYPERLINK "http://www.big4.com/pricewaterhousecoopers"
Capital Markets in 2025 report to be the most favored destination for companies looking
to raise capital and float their businesses. The report confirmed the current attractiveness
of London and New York as the leading financial centres for access to international capital,
with 72% and 74% of those surveyed saying that they would consider those markets for
an IPO on a foreign exchange. However, the numbers favoring the shift to the East is
dependent on a number of critical factors like access. Ernst &Young: Further Interest
Rate Cuts Likely In Bleak Eurozone Mid Winter According to HYPERLINK "http://www.big4.com/ernst-young"
Ernst & Young s Eurozone Winter Forecast , a mild recession in the Eurozone in the first
half of 2012 is now looking increasingly likely. The EEF welcomes the recent decisions by the
European Central Bank to reverse its premature interest rate rises of earlier in 2011. Further,
the report states that it is likely that further easing will be required accompanied by more
measures to supply liquidity to banks. In addition, ongoing doubts about the ability
of some countries to implement necessary reforms will mean that the ECB will need to keep buying
government bonds. KPMG: Anti-Bribery And Corruption Arrangements Need To Be Revisited The Serious
Fraud Office the lead agency in England and Wales for investigating and prosecuting cases
of overseas corruptions is communicating with businesses in the UK. They are requesting
that if a company or individuals are asked to make a facilitation payment in the course
of doing business overseas, they report it. This disclosure is in conjunction with the
Australian Government s proposal considering whether to remove the facilitation payments
defence in the Criminal Code. The proposal, if adopted, will mean Australia s anti-bribery
laws will be aligned more closely to the recently legislated UK Bribery Act 2010 which does
not allow a defence for facilitation payments. KPMG: Businesses In Emerging Markets Adopting
Social Media Businesses in the emerging markets are finding that social media offers a relatively
low-cost way to effectively compete in developed markets. This according to Malcolm Alder,
a Partner with KPMG in Australia s Digital Economy practice. He was commenting on a recent
report by HYPERLINK "http://www.big4.com/kpmg" KPMG International. Based on a survey of almost
4,000 managers and employees in major markets around the world, the KPMG International report,
entitled HYPERLINK "http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Pages/going-social.aspx" Going Social: How businesses are making the
most of social media found that Chinese, Indian and Brazilian respondents were almost 30 percent
more likely than their counterparts in the UK, Australia, Germany or Canada to say that
their organization utilized social media within their businesses. Accenture: Consumer Electronics
Industry May Face $17 Billion Product Returns Bill Product return rates on consumer electronics
products have increased by 21 percent since 2007, according to a new research report from
HYPERLINK "http://www.big4.com/accenture" Accenture , with the cost to U.S. consumer
electronics retailers and manufacturers estimated at close to $17 billion this year. The research
is based in part on a survey of executives from communications carriers, consumer electronics
retailing and consumer electronics manufacturing companies, which revealed that product return
rates over the past three to five years have increased for more than half of the retailers
and nearly half of the manufacturers surveyed. Deloitte: Consumer Spending Index Drops In
November Burdened primarily by the housing market with its high number of foreclosed
homes and mortgage defaults, the HYPERLINK "http://www.big4.com/deloitte" Deloitte Consumer
Spending Index fell again in November. The Index tracks consumer cash flow as an indicator
of future consumer spending. Comprised of four components tax burden, initial unemployment
claims, real wages, and real home prices, the Index fell to 1.75 from 1.96 the previous
month, its lowest level since April 2009. Highlights of the Index findings include the
fact that real wage growth was stagnant this month and that was attributed to easing energy
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