Singapore and Malaysia used to be hot investment destinations before the current crisis. Malaysia was popular with investors because of its palm oil and other commodities. Singapore on the other hand was known for its off-share banking, trading hub, strong economy, etc. After touching historic highs Singapore and Malaysian funds fell hard in line with …
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1.In an effort to energize the economy, stimulus checks are being mailed to millions of people. Unfortunately, thousands of the recipients are dead.Memo to the government: Dead people don’t spend 2. Gross domestic product (GDP) in the OECD area fell by 2.1% in the first quarter of 2009, the largest fall since OECD records began …
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Rio De Janeiro, Brazil The Grande Latin America ETF is the iShares S&P; Latin America 40 Index Fund (ILF) since it has the 40 largest companies in Latin America as defined by the S&P; Latin America 40 Index. S&P; Definition for this Index: “S&P; Latin America 40 represents major economic sectors of Mexican and South …
Asians are generally known to save a higher portion of their income.Many of the banks in Asia are very conservatively run profitable businesses.For example,the banks are not permitted to have high leverage ratios and sub-prime mortgages are unknown. However due to globalization, most of the Asian banks suffered as well during the in this credit …
1.THE Big Four banks have morphed into a ‘Big Two’ and the corporate watchdog isn’t happy about their growing power.Big Four banks morph into ‘Big Two’ 2.When JPMorgan Chase & Co. slashed its dividend 87% in February, from 38 cents to 5 cents per quarter, it marked one of the last dividend holdouts to crumble …
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