Economic globalization

51job, Inc. to Report First Quarter 2021 Financial Results on June 25, 2021

Retrieved on: 
Tuesday, June 22, 2021
Articles, Business, Economy, Economic globalization, Offshoring, Business-to-business, International business, International trade, Outsourcing, Wuhan

SHANGHAI, June 22, 2021 /PRNewswire/ --51job, Inc. (Nasdaq: JOBS) ("51job" or the "Company"), a leading provider of integrated human resource services in China,announced today that it will report its unaudited financial results for the first quarter ended March 31, 2021 before the market opens on Friday, June 25, 2021.

Key Points: 
  • SHANGHAI, June 22, 2021 /PRNewswire/ --51job, Inc. (Nasdaq: JOBS) ("51job" or the "Company"), a leading provider of integrated human resource services in China,announced today that it will report its unaudited financial results for the first quarter ended March 31, 2021 before the market opens on Friday, June 25, 2021.
  • Founded in 1998, 51job is a leading provider of integrated human resource services in China.
  • 51job also provides a number of other value-added HR services, including business process outsourcing, training, professional assessment, campus recruitment, executive search and compensation analysis.
  • 51job has a call center in Wuhan and a nationwide network of sales and service locations spanning more than 30 cities across China.

Everest Group Reports Q1 Uptick in Global Outsourcing Transactions

Retrieved on: 
Monday, June 21, 2021
Articles, Business, Economy, Outsourcing, International trade, Economic globalization, International business, Offshoring, Global sourcing

According to Everest Group, the uptick in global sourcing transactions in Q1 2021 over Q4 2020 was driven by demand for cloud services, cybersecurity, digital engineering and support for the modern workplace.

Key Points: 
  • According to Everest Group, the uptick in global sourcing transactions in Q1 2021 over Q4 2020 was driven by demand for cloud services, cybersecurity, digital engineering and support for the modern workplace.
  • The Market Vista report highlights the key trends and developments in the fast-evolving global outsourcing and offshoring market.
  • Highlights from the Market Vista: Q2 2021 Report
    Outsourcing demand witnessed an increase quarter on quarter, with 436 outsourcing transactions completed in Q1 2021 compared to 422 in Q4 2020.
  • Cloud-based services were a component of 50% of all outsourcing transactions completed in the last year (Q2 2020 to Q1 2021).

China Customer Relations Centers, Inc. Shareholders Approve Going Private Transaction

Retrieved on: 
Friday, June 18, 2021
Articles, Economy, Business, Economic globalization, Offshoring, American Airlines Group, US Airways, Outsourcing, Mergers and acquisitions

At the EGM a quorum was present and approximately 80% of the Company's outstanding shares were voted in favor of the proposal to authorize and approve the Merger Agreement, and all transactions contemplated by the Merger Agreement and Plan of Merger, including the Merger.

Key Points: 
  • At the EGM a quorum was present and approximately 80% of the Company's outstanding shares were voted in favor of the proposal to authorize and approve the Merger Agreement, and all transactions contemplated by the Merger Agreement and Plan of Merger, including the Merger.
  • The parties currently expect to complete the Merger as soon as practicable, subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement.
  • About China Customer Relations Centers, Inc.
  • The Company is a leading e-commerce and financial services business process outsourcing service provider in China focusing on the complex, voice-based and online-based segments of customer care services, including:

Fairtrade Statement On Supreme Court Decision For Nestlé USA v. John Doe et al., No. 19-416

Retrieved on: 
Thursday, June 17, 2021
Fair trade, Articles, Economy, Product certification, Ecolabelling, Economic globalization, Fairtrade certification, International Fairtrade Certification Mark, Fairtrade Canada

According to recent estimates, 160 million children globally are still in child labor and, of these, 70 percent are working in agriculture.

Key Points: 
  • According to recent estimates, 160 million children globally are still in child labor and, of these, 70 percent are working in agriculture.
  • "It's only by challenging child labor's root causes that we stand any chance at being victorious in our goals."
  • For more information on how Fairtrade works to fight child labor and Fairtrade-certified products available in the United States, visit fairtradeamerica.org.
  • A non-profit 501(c)3 organization, we are the world's largest and most recognized fair trade systempart of a global movement for change.

DATAMARK Announces Upcoming Webinar With Long-Term Customer

Retrieved on: 
Thursday, June 17, 2021
Articles, Business, Economy, Information technology management, Economic globalization, Offshoring, International trade, Outsourcing, BPO, Draft:OutPLEX, Banking BPO services

The webinar will dive deep into the flexible contracting, governance structure, and core values needed to establish, nurture, and grow DATAMARK's business relationship for over three decades.

Key Points: 
  • The webinar will dive deep into the flexible contracting, governance structure, and core values needed to establish, nurture, and grow DATAMARK's business relationship for over three decades.
  • "Long-term business relationshipsare built on trust and shared values," says DATAMARK President Bill Randag.
  • Founded in 1989, DATAMARK, Inc. is a preferred Business Process Outsourcing (BPO) company headquartered in El Paso, Texas.
  • DATAMARK offers a wide range of BPO services, including call center services, document lifecycle management, and finance & accounting outsourcing.

OSFI increases Domestic Stability Buffer to 2.50%

Retrieved on: 
Thursday, June 17, 2021
Financial regulation, Finance, Money, Economy, Economic globalization, Systemic risk, Systemically important financial institution, Bank regulation, Capital requirement, Office of the Superintendent of Financial Institutions, Risk-weighted asset, DSB

OTTAWA, ON, June 17, 2021 /CNW/ -Today, OSFI announced that the Domestic Stability Buffer (DSB)a policy tool that helps ensure the stability of Canada's financial systemwill be set at 2.50% of total risk-weighted assets.

Key Points: 
  • OTTAWA, ON, June 17, 2021 /CNW/ -Today, OSFI announced that the Domestic Stability Buffer (DSB)a policy tool that helps ensure the stability of Canada's financial systemwill be set at 2.50% of total risk-weighted assets.
  • This lower DSB level provided capacity for Canada's Domestic Systemically Important Banks (D-SIBs) to absorb potential losses and continue to supply credit to the economy.
  • OSFI reviews and sets the DSB level every June and December, but can make changes at other times as circumstances warrant.
  • The level of the Domestic Stability Buffer ranges from 0% to 2.5% of D-SIBs' total risk-weighted assets.

VSS Exits Tax Credit Co.

Retrieved on: 
Wednesday, June 16, 2021
Professional services, Finance, Articles, Tax incentive, Tax credit, Economy, Economic development incentive, Tax, Subsidies, Economic globalization, International taxation, Movie production incentives in the United States

VSS Capital Partners (VSS), a private investment firm investing in the business services, healthcare, information, and education industries, announced that it sold Tax Credit Co. (TCC or the Company), a national provider of tax incentive, employment verification and human resource technology-enabled services, to Experian.

Key Points: 
  • VSS Capital Partners (VSS), a private investment firm investing in the business services, healthcare, information, and education industries, announced that it sold Tax Credit Co. (TCC or the Company), a national provider of tax incentive, employment verification and human resource technology-enabled services, to Experian.
  • TCC became a leader in tax credit services by using proprietary processes, software and expertise to assist the most respected national employers in identifying valuable federal and state tax credits.
  • TCC has expertise in Work Opportunity Tax Credit (WOTC) incentives, federal and state research and development tax credits, state enterprise zone and economic development incentives, and other tax incentive programs nationwide.
  • For more information, please visit: www.vss.com
    Founded in 1996, TCC delivers tax incentive and human resources technology-enabled services, specializing in large-scale solutions for the Work Opportunity Tax Credit, employment and income verification, research & development tax credits, sales and use tax incentives and other federal and state tax incentives.

RJ Young Announces "Modern Office Makeover" Giveaway for a Business in Need

Retrieved on: 
Tuesday, June 15, 2021
Articles, Business, Economy, Economic globalization, Offshoring, Business process, International trade, Outsourcing, Cision

NASHVILLE, Tenn., June 15, 2021 /PRNewswire-PRWeb/ -- RJ Young , an industry-leading business technology solutions provider in the Southeast, announced today its "Modern Office Makeover" technology giveaway.

Key Points: 
  • NASHVILLE, Tenn., June 15, 2021 /PRNewswire-PRWeb/ -- RJ Young , an industry-leading business technology solutions provider in the Southeast, announced today its "Modern Office Makeover" technology giveaway.
  • To better equip businesses in need, RJ Young will give away a customized technology makeover to modernize one business's office technology stack, creating unparalleled efficiencies whether team members are working from the "office" or elsewhere.
  • RJ Young helps small to enterprise-level organizations transition intomodern workplacesand increase productivity with comprehensive managed IT solutions, office equipment and technology, business process outsourcing and digital communications.
  • To learn more about how RJ Young can help power your organization with technology solutions,visit RJYoung.com or reach out [email protected].

Cowen Outsourced Trading Expands Fixed Income Team With Two Senior Traders

Retrieved on: 
Tuesday, June 15, 2021
Articles, Business, Economy, Business process, Economic globalization, International trade, Offshoring, Outsourcing, NASDAQ, Outsourced, Cowen, Fixed income

NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) -- Cowen (NASDAQ:COWN) (Cowen or the Company) today announced the expansion of its Fixed Income Outsourced Trading team with two senior hires, Vincent Governara and Chris Taliercio.

Key Points: 
  • NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) -- Cowen (NASDAQ:COWN) (Cowen or the Company) today announced the expansion of its Fixed Income Outsourced Trading team with two senior hires, Vincent Governara and Chris Taliercio.
  • The newly created roles have resulted from increased demand for Fixed Income as an outsourced trading asset class, a service which Cowen Outsourced Trading launched earlier this year , providing an institutional caliber desk with access to a breadth of competitively priced liquidity and high-quality execution and reporting.
  • They will report into Joram Siegel, Managing Director, Head of Fixed Income Outsourced Trading, who joined the firm in January 2021 in a newly created role to establish and grow Cowen Outsourced Tradings Fixed Income division.
  • Cowen Outsourced Trading provides global multi-asset trading and post-trade solutions for investment managers wishing to outsource their entire desk or supplement an existing trading operation.

Legal Process Outsourcing Market to Cross $30 Bn by 2027; Global Market Insights, Inc.

Retrieved on: 
Tuesday, June 15, 2021
Articles, Business, Economy, Outsourcing, Offshoring, Economic globalization, Business process, Telecommuting, Legal outsourcing, LPO, Outsourcing in Ukraine, Pangea3

SELBYVILLE, Del., June 15, 2021 /PRNewswire/ --Global Market Insights Inc. has recently added a new report on the legal process outsourcing market, which estimates the market valuation for LPO will cross US$ 30 billion by 2027.

Key Points: 
  • SELBYVILLE, Del., June 15, 2021 /PRNewswire/ --Global Market Insights Inc. has recently added a new report on the legal process outsourcing market, which estimates the market valuation for LPO will cross US$ 30 billion by 2027.
  • With legal process outsourcing service providers drafting precise contracts that specify the obligations and rights of different parties, the market will witness increasing demand.
  • Outsourcing legal process outsourcing services to these countries enables them to gain access to high-quality legal professionals with technical expertise in specific market fields.
  • The Asia-Pacific market will witness growth, which is attributed to the increasing number of professional legal process outsourcing service providers hiring lawyers with specific legal expertise.