Germany-based Continental AG (CTTAY) is one of the world’s largest tire and auto-parts makers. Due to the strong growth of the global auto industry the ADR is up over 80% year-to-date and closed at $210.93 today. Continental announced a stock split in the ratio 5:1 recently. The ADR Record Date is Dec 20, 2013 and …
When the S&P 500 index rises commodities usually follow. Commodities, as represented by the CRB Commodity Index and the S&P 500 run generally higher based on economic growth expectations. From the lows of 2009, S&P’s strong rebound coincided with a run up of commodities. However after 2012 the S&p 500 and CRB commodity Index started …
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What Keynes can teach us about investing (MarketWatch) European equities safer than UK and US, says Mitchell (FE Trustnet) The story behind sluggish growth (The Guardian) Lloyds leads the way in global bank revival (CityWire) The trouble with government ‘megaprojects’ (MoneyWeek) Housing bubbles worldwide will test a big lesson from the financial crisis (Macleans) Century of Fed failure (Asia Times) Click …
Continue reading ‘Knowledge is Power: Fed Failure, Keynes, Megaprojects Edition’ »
The economies of Brazil and Malaysia can be considered similar in some ways. For example, both are emerging countries and commodity-dependent. Brazil is a major exporter of commodities such as iron ore, lumber, etc. Malaysia on the other hand dependent on palm oil and rubber exports. Both countries have offshore oil reserves and a large …
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Sweden-based Skanska AB, the world’s leading project development and construction group, converted its American Depositary Receipt (ADR) from an unsponsored program to Sponsored program on June 28,2013. Previously the ADR used to trade under the ticker SKSBY. The new sponsored ADR ticker is SKBSY. The ratio of ADR to ordinary remains the same at 1:1. Founded in 1887, …
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