Some multinational firms’ revenue are huge compared to the GDP of their home economies. For example, during the tech boom of the 1990s Nokia dominated Finland’s economy. The following chart illustrates this phenomenon using a few examples: Click to enlarge Source: Shell, Glencore, and Other Multinationals Dominate Their Home Economies, Bloomberg BusinessWeek
For many years now Europe has been hit by one crisis after another.First came the fiscal crisis in Greece and then Portugal followed suit. Greece has been bailed out multiple times so far and is still struggling to recover. In general, the economies of the PIIGS countries have suffered greatly since the global financial crisis …
Gold futures closed at $1,406.50 an ounce in New York yesterday. Recently gold prices plunged by over $200 in just two days before recovering slightly. Over the past 10 years, gold soared from about $330.00 an ounce to a record high of $1900.00 in 2011. Click to enlarge Source: Kitco From 2002 thru early March …
Continue reading ‘Two Reasons Why Investors Are Attracted To Gold’ »
The Netherlands is home to few multinational firms today. The world’s first stock exchange was established in Amsterdam in the 17th century and the world’s oldest public company, the Dutch East India company traded there. Holland also became infamous for the Tulip mania and the subsequent crash of tulip prices in the 1600s. Though the …
Continue reading ‘The 12 Largest Dutch Companies by Revenue’ »
Claiming Foreign Taxes: Credit or Deduction? (Charles Schwab) India reproduces, US seduces (The Hindu Business Line) The Poverty Lie: How Europe’s Crisis Countries Hide their Wealth (Der Spiegel) Can we ever consider gold a ‘safe haven’ again? (Financial Post) Chart of the week: time for EM equities to bounce back? (beyondbrics) The best airports in the world (Canadian Business) …
Continue reading ‘Knowledge is Power: Foreign Taxes, Best Airports, German Blue-Chips Edition’ »