Western governments bailed out their large troubled banks in the credit crisis in order to protect the financial system. The following chart shows the government bailout funds for recapitalization of banks as a percentage of GDP in 2008: Source: The Wall Street Journal The US government spent the most amount of money to save the …
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The price of gold continues its upward march. It has reached $1,060 an ounce on Tuesday October 20th due to the weak US dollar and investors choosing gold as an alternative to holding dollars. Reuters reports: “U.S. gold futures for December delivery GCZ9 were at $1,065.6 per ounce, up nearly 1 percent from $1,058.10 in …
The October edition of The Africa Report magazine published the Top 200 banks in Africa for this year. The magazine said the rankings were based on “questionnaires to 665 financial institutions. Their replies are used to create a systematic ranking of Africa’s top 350 banks, based on total assets. We published only the top 200 …
With a mix of developing countries such as China, India, Indonesia and developed countries such as Taiwan, South Korea, Singapore, Japan, etc. Asian economies are becoming stronger and as a result investor interest is running high for Asian equities. New Asian companies have been listed in the US markets in recent years and still more …
From the March 2009 lows, many stock markets worldwide have rebounded nicely and are now in the positive column for the year. However what about the performance of these markets from their all time highs?. Most global stock markets made their all time highs in 2007 or 2008. From that peak many of them fell …
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