Archive of entries posted on October 2012

South Africa’s Standard Bank Group Starts Sponsored ADR Program

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South Africa-based Standard Bank Group has established a sponsored American Depositary Receipt (ADR) program effective September 28, 2012 with the ticker SGBLY. Earlier the company traded as an unsponsored DR on the OTC market. From the BNY Mellon press release: Founded in 1862 and headquartered in Johannesburg, Standard Bank Group is the largest African bank by assets and …

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Relationship Between a Country’s Regulation and Income

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A research study by The Fraser Institute of Canada in 2010 confirmed that a country’s incentive structures which include variables such as labor market flexibility, economic freedom, the quality of the legal system and the intrusiveness of the government into the business sector has a significant impact on wealth and income. More specifically the study found that  lower …

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Nordic Stocks Offer Investment Opportunities

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The Nordic countries of Denmark, Finland, Norway and Sweden are somewhat insulated from the crises engulfing Europe. These countries are not member of the European Monetary Union (EMU) and hence do not have the Euro as their currency. Staying outside of the Eurozone the Nordics set their own economic policies according to their national priorities. These countries have many positive factors such …

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Why Gasoline Prices in the U.S. Vary Wildly

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Gasoline prices at the pump tend to go up and down often in the U.S. Unlike other developed countries, the volatility of gas prices in the U.S. is high. Brent crude closed at $112.39 on Friday and gasoline prices stood at an average of $3.79 per gallon nationwide.  From just under $3.50 per gallon last …

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