In an earlier article I wrote about how U.S. corporate profits are rising with no job growth. The unemployment rate continues to remain high at 9.8% in November with about 15.1 Americans unemployed according to BLS data. An article in Salon.com discussed about this conundrum facing the U.S. From the article titled “Where are the …
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The Global Finance magazine recently published the list of biggest banks in emerging markets. The table below lists the ten biggest banks in Latin America for 2010. These banks were ranked based on their total assets as of September, 2010. The data was provided by Bankersalmanc.com. [TABLE=861] Itau Unibanco(ITUB) and Banco Bradesco (BBD) are two …
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The BusinessWorld magazine recently named “The Best Banks in India” for 2010. The winners were selected based on a survey by conducted by the magazine with PricewaterhouseCoopers. Presenting the awards the Finance Minister pointed out: The core capital (as measured by Tier I capital) in Indian banks, made up about 70 per cent of the …
The chart below shows the performance of all the exchange-listed foreign bank stocks for 2010: Click to enlarge Due to the sovereign debt crisis, European banks were some of the worst performers last year. Irish banks were crushed again as Ireland was on the verge of total collapse. Allied Irish Bank(AIB) was nationalized in December …
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The price of silver closed at over $30 per troy ounce on Friday up from $16.822 at the beginning of 2010. From a recent Journal story on silver: Among the four major precious metals—the others being gold, platinum and palladium—silver is up 74% this year, on track to be the second-best performing commodity after palladium, …
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