Pharmaceutical Executive magazine published their annual ranking of the world’s top pharma firms for 2018 last month. Pfizer(PFE) is the world’s top drug firm based on sales. Last year Pfizer had sales of over $45 billion. The 2nd top firm was Novartis(NVS) of Switzerland. US drug giant J&J came in at number five. From the …
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The North Atlantic Treaty Organization(NATO) was founded in 1949 and evolved to protect the West from the USSR. The USSR established its own organization called The Warsaw Pact to protect its allies in Europe. The Warsaw Pact collapsed when the USSR collapsed in 1989-91. Though the enemy split into countries the NATO survived and continues to …
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The S&P 500 Index is not as diversified as many investors think. In fact, the IT sector alone accounts for just over 25% of the index and the weightage of the defensive sector has fallen continuously since the 1990s. S&P 500 sector breakdown: Click to enlarge Source: S&P The defensive sector used to account for …
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Many multi-national firms based in the developed world have substantial exposure to overseas markets than their domestic markets. In fact, some derive a big portion of their revenue and earnings in foreign countries than their home countries. For instance, BHP Billiton Ltd is a FTSE 100 firm in the UK. However the mining giant earns …
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High Speed Rail Network in China is the largest in the world even beating developed Europe. The following fact the astonishing growth in high-speed rail transportation in China. High-speed rail network before 2007 = 0 kilometers High-speed rail network now = 25,000 kilometers Source: Seeing is believing – China’s amazing growth over 40 years, China Daily In just …
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