An interesting chart of Real GDP Growth by Year (%) from 1970 for Advanced Vs. Emerging Economies from Global Finance magazine. Emerging markets are projected to have the best growth moving forward as per estimates from IMF. Source: Global Finance Magazine
Like a latter-day Tom Joad, one of America’s last Okies ponders a question that… Has anyone seen the American Dream? German discounting pioneer Aldi is using the economic crisis to expand its presence in the US. The move could help mitigate the company’s troubles on its home turf.Aldi advances on Wal-Mart’s home turf Many SMEs …
Many of the U.S. banks diversified in the past few years to get into the insurance field. Some started their insurance operations while the majority of them acquired insurance companies or agencies. Today large banks such as Well Fargo (WFC) derive a large amount of income from their insurance divisions. The following chart lists the …
China’s foreign-exchange reserves exceeded $2 Trillion for the first time as per the data released this week. Source: The Wall Street Journal From the WSJ: “The stockpile — the world’s largest currency reserves — grew by $177.87 billion in the quarter to $2.132 trillion, the largest quarterly rise on record. In May, China also increased …
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The top five commodity exports of Australia are: Iron Ore, Coal, Gold, Crude Oil and LNG. As a resource-rich country commodities form the major portion of Australian exports. China, India, Japan are some of the major export Asian markets for Australia. Japan is the major export market for Oil and Gas, Coal, Aluminum and Copper. …