The tiny city state of Singapore is not immune to the global economic turmoil. Up until last year Singapore had strong growth and was even hailed as the “Switzerland of Asia” due to many international financial institutions having offices there. The government of Singapore rode to boom and even granted licenses to develop huge casino/entertainment …
Utility stocks are one of the sectors that offer shelter during severe economic downturns. Utilities offer many advantages that make them attractive. Some of the notable points about utility companies are: 1. They are highly regulated and have fixed prices. However they usually apply for price increases and most instances get approval. 2. They are …
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Yesterday January 16, 2009 The Government of Ireland nationalized the Anglo Irish Bank. The shares were suspended from trading in all the exchanges. Anglo Irish was listed as a sponsored ADR with the ticker AGIBY. The ADR last closed at less than a dollar at $0.12.The Department of Finance of the Irish Government says: “The …
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During recessions food sector is one of the sectors that look attractive to investors since food is a necessity and people will have to buy them. While they may cut down on unnecessary expensive or luxury items they will still buy basic items needed. The profit margin in the food industry is very small.However its …
Day after day we are bombarded with stories about the recession, job losses, the TARP bailout program, companies going bankrupt, store closures, etc. In times like these it is tough to makes sense to take a step back and try to understand where we are and what should happen in order to get ourselves out …