Australia & New Zealand Banking Group Ltd.(OTC: ANZBY) is expanding in Asia with the purchase of Asian assets from the Royal Bank of Scotland (RBS) yesterday. According to Bloomberg “ANZ Bank, Australia’s fourth-biggest lender, will pay $550 million for the RBS businesses in Singapore, Taiwan, Indonesia, Hong Kong, the Philippines and Vietnam, the Melbourne-based bank …
The world recession that began in the U.S. is hitting Germany much harder than us, due to a collapse in world trade that has damaged an economy that Germans constantly refer to as “the World Export Champion.†Their economy will have shrunk by about 8% by the time it bottoms, whereas America’s GDP should fall …
Continue reading ‘Knowledge is Power: Frothy Commodities, Jittery Bulls Edition’ »
One of the Dividend Indices in the family of Dow Jones Stoxx Dividend Indices is the “Dow Jones STOXX® Americas Select Dividend 40 Index” for the Americas. The objective of this index is “to measure the performance of the highest dividend-paying stocks relative to their home markets”. Some of the unique features of these STOXX …
EPFR Global attributes the strong inflows to corporate earnings and macroeconomic trends.Equity fund inflows hit one-year high According to Barclays Global Investors, there were 272 ETFs with exposure to emerging markets as of end-June.Assets of emerging market ETFs reach $116 billion The story of the BBC Box mirrors the fortunes of the global shipping industry.Where …
Continue reading ‘Daily Wisdom: Emerging Markets Rock Edition’ »
Back in June, Michael Mandel of Business Week wrote an interesting piece titled A Lost Decade for Jobs in which he analyzed the growth Private Vs. Public sector job growth. His research showed that the private sector “job growth was almost non-existent over the past ten years”. He added “Between May 1999 and May 2009, …