Deutsche Bank(DB) stock reached a record low yesterday. The largest German bank fell to its 30-year low. The US ADR plunged on heavy volume to as low $11.19. Most of European financial institutions are still suffering since the global financial crisis of 2008-09. Political dithering and lack of effective actions by these banks have led …
Continue reading ‘Returns of Eurozone Banks Since 52 Week High: Chart’ »
Tourism is one of the fastest growing industry in the world. Countries that offer the necessary infrastructure for tourism development reap great economic benefits. In 2015, international toursim generated US$ 1.5 trillion in export earnings according to The World Tourism Organization (UNWTO). Among the countries visited by tourists, France tops the ranking with over 84.5 million …
Continue reading ‘The World’s Top 10 Tourism Destinations’ »
Public companies world-wide continue to hoard a significant portion of their assets in cash and cash equivalents rather then investing them. Large US firms are among the top hoarders of cash. There are a few logical reasons for holding cash such as taxation on profits repatriated to the US from overseas. But the negative effects …
Continue reading ‘The Top 25 Global Public Cash-Rich Companies’ »
Indian stocks have outperformed so far this year relative to Brazil, Russia and China. The benchmark S&P BSE Sensex is up by 8.3% this year as of Sept 25th. From a journal article on Indian stocks today: Click to enlarge Once lumped in with a block of emerging markets termed the BRICs—Brazil, Russia, India and China—India …
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The Global Finance magazine published their 25th annual ranking of the World’s 50 Safest Banks earlier this month. The full list of the banks will be published in the November issue. From the press release: “The Safest Banks ranking for 2016 illustrates the impact of some the past year’s major political and economic shifts, with low oil prices in particular …