Today the IMF released its “World Economic Outlook Update – Global Economic Slump Challenges Policies” report. The following are some of the main points noted in this report: 1. The United Kingdom is going to have the worst economic downturn this year with a projected figure of -2.80%. The British economy will fare the worst …
Mining stocks are not for the fainted hearted. As we have seen in the past few months as the demand for commodities fell, mining stocks were pulled down much more than the overall market indices. However when commodities were hot, mining stocks had an incredible run. In a recent article titled “After the bubble burst: …
Most companies based in the USA are in contraction mode laying off people, cutting expenses, postponing projects, etc. to survive this downturn. On Jan 23, 2009 the Financial Times reported: “McDonald’s is planning to this year create 12,000 jobs and open 240 new restaurants across Europe, it emerged on Friday, as the fast-food chain shows …
Continue reading ‘What Recession? This Company is Growing !’ »
Banks in India seem to be faring much the banks in the Western world. In a recent article, The Banker magazine says that though India has been affected by the global downturn its banking system has survived due to the bold actions taken by the Duvvuri Subbarao, the Governor of the Reserve Bank of India.The …
Continue reading ‘Are Indian Banks Better than Western Banks?’ »