According to the OECD’s Economic Outlook Interim Report released today GDP is expected to fall by 4.3% in the OECD countries in 2009. Unemployment rate is projected to soar to double digits by the end of 2010. Some of the key takeaways from this report are: International is projected to fall by 13% this year …
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1.Emerging market equity funds took in $2.3 billion in net inflows last week, according to EPFR Global, amounting to the largest inflow since mid-December. Year-to-date high for emerging market inflows 2. The US, encouraged by the likes of President Barack Obama’s advisor Larry Summers, has for decades mismanaged its finances by exploiting the hegemonic character …
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Global energy companies now dominate the list of top ten companies list based on their market capitalization as of March 27,2009. The Top Companies Listed in New York Stock Exchange (NYSE): [TABLE=146] Chart : Note: Berkshire Hathaway Inc at $138.8B may have been listed at number 10. But it has been left out since Berkshire …
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1.The economics profession must bear a lot of the blame for the current crisis. If it is to become useful again it must undergo an intellectual revolution—becoming both broader and more modest. Goodbye, homo economicus 2.By one definition, a 21% rise in the Dow index makes this a three-week old bull market. The rapid change …
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Similar to Wal-Mart (WMT) being the largest retailer in the USA, Tesco Plc (TSCDY) is the largest grocery and general merchandising retail chain in the UK based on both sales and profit measures. Tesco together with Asda, Morrisons and Sainsbury’s (“Big 4”) have a 75% share of the grocery market in the UK as of …
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