Since the credit crisis began last year many of the former blue-chip stocks have been crushed to very low levels. Companies such as General Electric (GE), Citibank(C), Bank of America (BAC) are now trading in the single digits. Some of the European blue-chips are also down heavily with some losing over 90%. To identify the …
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Chile is one of the few emerging market countries that is holding up well this year. The Bank of New York Mellon Chile ADR Index is up 9.05% year-to-date. Though the economy of Chile is heavily dependent on export of commodities such as Copper, in recent years the economy has become more diversified. The domestic …
1.On Thursday, it was Liechtenstein and Andorra. On Friday, Austria, Luxembourg and Switzerland likewise decided to change their banking laws to allow for more cross-border cooperation. The days of European tax havens are numbered. Tax Havens Give In to EU Pressure 2. Major Vienna banks wanted to capture the Eastern European market and benefit from …