The equity markets markets of BRIC countries are not soaring this year.Brazil and India are down while China and Russia are up YTD compared to S&P’s fall of 1.90%. However the economies of BRICs continues to be strong and their growth is projected to outpace that of developed countries this year as well. Deutsche Bank’s …
The largest hole in the world is a diamond mine in Mirny, Siberia – just below the Arctic Circle. According to Wikipedia, the mine is 525 meters (1,722 ft) deep (4th in the world) and has a diameter of 1,200 m (3,900 ft). Photos: From the BBC: The town was founded in 1955 when geologists …
Consumer spending accounts for over 70% of the U.S. economy.China on the other hand is not a consumer-driven economy. Despite the tremendous growth in recent years, consumer spending is relatively less in China. Much of the growth reported by China comes from investment spending rather than consumption spending. Source: The Wall Street Journal The chart …
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Australia’s four leading banks have reported strong earnings for the six months to March this year. With National Australia Bank’s reported profits of A$2.67 billion for half-year, the four banks’ combined total profits is a record $12 billion as shown in the graphic below: Source:News.com.au In addition to rising profits, NAB and rivals have announced …
The Spanish IBEX-35 index is up 10.3% as of May 2, 2011. Fears of debt crisis that plagued Spain last year have largely subsided. The financial system has stabilized and failing cajas (savings banks) have been closed or merged with stronger peers. With one of the largest economies in Europe and strong ties countries in …
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