The BusinessWorld magazine recently named “The Best Banks in India” for 2010. The winners were selected based on a survey by conducted by the magazine with PricewaterhouseCoopers. Presenting the awards the Finance Minister pointed out: The core capital (as measured by Tier I capital) in Indian banks, made up about 70 per cent of the …
The chart below shows the performance of all the exchange-listed foreign bank stocks for 2010: Click to enlarge Due to the sovereign debt crisis, European banks were some of the worst performers last year. Irish banks were crushed again as Ireland was on the verge of total collapse. Allied Irish Bank(AIB) was nationalized in December …
Continue reading ‘2010 Performance Review of Foreign Bank Stocks’ »
The price of silver closed at over $30 per troy ounce on Friday up from $16.822 at the beginning of 2010. From a recent Journal story on silver: Among the four major precious metals—the others being gold, platinum and palladium—silver is up 74% this year, on track to be the second-best performing commodity after palladium, …
Continue reading ‘Top Silver Producing Countries and Companies’ »
Mongolia is opening up its Tavan Tolgoi coal deposit to foreign investors. The site is located in the South Gobi desert near China’s northern border and has an estimated 6.4 billion metric tons of coal. Coal continues to be a major source of power generation in many countries including the U.S. where about 44% of …
The Global Finance magazine recently published the list of biggest banks in emerging markets. The table below lists the ten biggest banks in Asia for 2010. These banks were ranked based on their total assets as of September, 2010. The data was provided by Bankersalmanc.com. [TABLE=858] Note: *Asset figures provided by bank Chinese banks dominate …