The Petroleum Sector is the largest industry of Norway. Today there are 60 oil fields in production on the Norwegian Continental Shelf. In 2008, they produced 2.5 Million barrels of crude oil per day. Norway is one of the top oil producing countries in the western world. In 2008, Norway is projected to surpass Canada …
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Retirement (Special report): 10 stocks for the long term.They aren’t sexy. But for a retirement nest egg, they’re keepers. Half of Europe’s festive products are made in or traded through the city of Yiwu, but business this year is at a record low.Chinese exporters hit by global recession The UK is at risk of bankruptcy …
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Democratic countries have higher economic growth than non-democratic countries. The following chart shows the difference in GDP growth per capita between Singapore and Jordan: Source: Democracy, diversification, and growth reversals by David Cuberes , Michal Jerzmanowski The above chart shows the exponential growth enjoyed by the citizens of Singapore over the past few decades compared …
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Investors worldwide are focusing on China as it has become the top-performer among the emerging markets year-to-date. Media reports have even mentioned China as the country that will pull the world out of the current global recession. Until last year China was mainly an export-driven economy. Overseas demand for all kinds of consumer goods kept …
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The largest of the European Union (EU) banks fell more than their US peers in the recent credit crisis since their leverage ratio and the exposure to market risk was higher.Many European bank stocks such as ING Bank (ING), Royal Bank of Scotland (RBS), Societe Generale (SCGLY), Commerzbank(CRZBY), Lloyds Bank(LYG) fell sharply last year and …
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