The Chinese are the largest consumers of not just the basic commodities like crude oil, soyabeans, iron ore, aluminum, etc. but diamonds as well. According to Bloomberg BusinessWeek, diamond sales in China jumped 25% in 2009 making it the second largest market after the U.S.
The Top 10 Brazilian Banks based on Assets held as of December 2010 are listed below: Click to enlarge Source: Banco Central Do Brasil The top bank in this list is the state-owned Banco Do Brasil (BDORY). Its ADR currently pays a 1.12% dividend yield. The second largest bank is Itaú Unibanco Holding S.A. (ITUB) …
The equity markets markets of BRIC countries are not soaring this year.Brazil and India are down while China and Russia are up YTD compared to S&P’s fall of 1.90%. However the economies of BRICs continues to be strong and their growth is projected to outpace that of developed countries this year as well. Deutsche Bank’s …
The largest hole in the world is a diamond mine in Mirny, Siberia – just below the Arctic Circle. According to Wikipedia, the mine is 525 meters (1,722 ft) deep (4th in the world) and has a diameter of 1,200 m (3,900 ft). Photos: From the BBC: The town was founded in 1955 when geologists …
Consumer spending accounts for over 70% of the U.S. economy.China on the other hand is not a consumer-driven economy. Despite the tremendous growth in recent years, consumer spending is relatively less in China. Much of the growth reported by China comes from investment spending rather than consumption spending. Source: The Wall Street Journal The chart …
Continue reading ‘Consumption, Investment Contribution to China’s GDP Growth’ »