The U.S. celebrates Labor Day on the first Monday of September(today) while for the rest of the world Labor Day is on May 1st. Labor Day was declared to celebrate the economic and social achievements of workers. In the U.S. job losses totaled 2.6 million in 2008.Most of the job losses were in the private …
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The Dow Jones Australia Titans 30 Index represents the 30 largest and most liquid stocks traded in the Australian market. Stocks are selected based on the rankings by float-adjusted market capitalization and average trading volume. Australian stocks generally pay high dividends. Hence this index has an yield of 4.61% as of August 31, 2009. After …
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As the world’s largest country in terms of area Russia also has the world’s largest reserves of many natural resources. The country is blessed with an abundant supply of oil, natural gas, gold, diamond and other resources. In fact these resources exceed the reserves of commodity producing countries like Canada and Australia. However the vast …
The “Dow Jones U.S. Economic Stimulus Index” was first published in May this year to track the performance of the 50 largest U.S. companies that are expected to benefit from the American Recovery and Reinvestment Act of 2009. The act intends to stimulate the economy by investing about $787 B in various sectors such as …
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The “top big to fail” concept in the banking industry that has been embraced by U.S. is also true in Europe. European governments also tend to support large banks that are important for the financial system. When smaller banks run into trouble they are left to die or forced to be taken over by bigger …