The graphic below shows the performance of the Dow Jones Industrial Average last week: Source: The Wall Street Journal The cartoon below clarifies why markets sometimes act the way it did last week: Click to enlarge Courtesy: Malaysia Finance Blog
The world’s proven oil reserves of 1,383.2 billion barrels will last for only 46 years if oil production and consumption are to remain at current levels, according to BP Statistical Review of World Energy. The world’s natural gas reserves will also last for just 59 years if production is to continue at the 2010 rate. …
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On August 5th, the ratings agency Standard & Poors downgraded U.S. debt from AAA to AA+ for the first time in 70 years. This is the same agency that rated worthless junk such as sub-prime paper as AAA before the credit crisis began in 2008. In a way the standard followed by Standard & Poors …
At the height of the global financial crisis in 2008 many banks in the developed world were on the edge of failure. To protect the financial system from total collapse, governments bailed out most of these institutions by injecting billions of dollars in capital. Some of these banks were bailed out by foreign banks and …
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The pharmaceutical industry used be a highly profitable industry and pharma stocks were long considered as conservative investments that offered slow, steady growth with attractive yields. However that has changed in the past couple of decades. Though profit margins for blockbuster drugs are high, drug companies’ earnings are under enormous pressure due to many factors …
Continue reading ‘The World’s 50 Largest Pharmaceutical Companies by Sales’ »