The household saving rate in Asian countries like India and China continue to be much higher than the U.S. personal saving rate. In the U.S., the personal saving rate as a percentage of disposable income was just 4.4% in October this year. This rate is actually higher than where it stood in 2008. In the …
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The Banker Magazine published the Bank of the Year Awards for 2009 last month. The awards “celebrate the achievements of the most innovative, dedicated, creative, resilient and ambitious banks in each region of the world, and across 144 countries.” The Global and Regional Awards winners: Global Bank of the Year – Banco Santander of Spain …
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Shenzhen has been at the vanguard of China’s economic reform over the past 30 years as a testing ground for policies later adopted nationwide. A recent crackdown on protests belied the city’s liberal characteristics and Beijing’s swift condemnation suggests it is unlikely to be repeated anytime soon. Shenzhen raises iron fist to protests Nouriel Roubini …
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Recently The Asset magazine of Hong Kong published The Country Awards 2009 listing the winners in various categories including the Best Domestic Banks. The Best Domestic Banks by Country for 2009 are: China – ICBC Hong Kong – Hang Seng Bank Taiwan – Taipei Fubon Commercial Bank South Korea – Shinhan Bank (SHG) Australia – …
The Dow Jones STOXX® Global Select Dividend 100 Index tracks the performance of the 100 highest-yielding dividend companies in North America, Asia/Pacific and Europe. Of the 40 stocks from North America, 28 are from the U.S. and the rest are from Canada. Some of the Canadian components in this index include Enbridge (ENB), Bank of …
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