Many of the U.S. banks diversified in the past few years to get into the insurance field. Some started their insurance operations while the majority of them acquired insurance companies or agencies. Today large banks such as Well Fargo (WFC) derive a large amount of income from their insurance divisions. The following chart lists the …
China’s foreign-exchange reserves exceeded $2 Trillion for the first time as per the data released this week. Source: The Wall Street Journal From the WSJ: “The stockpile — the world’s largest currency reserves — grew by $177.87 billion in the quarter to $2.132 trillion, the largest quarterly rise on record. In May, China also increased …
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The top five commodity exports of Australia are: Iron Ore, Coal, Gold, Crude Oil and LNG. As a resource-rich country commodities form the major portion of Australian exports. China, India, Japan are some of the major export Asian markets for Australia. Japan is the major export market for Oil and Gas, Coal, Aluminum and Copper. …
After setting a record above $1,000 an ounce during March 2008, Gold bullion prices have been volatile. Accordingly Gold stocks have been volatile as well during the past few months.Gold prices 5-year-char: Since early Jun, gold stocks have been heading down. In the past 12 months gold stocks have lost their upward momentum as well. …
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Germany can be considered as the barometer for Europe since it has the largest economy in Europe. With a strong base in manufacturing and leadership position in industries such as chemicals Germany’s economy growth is critical for Europe as well the rest of the world. In an article titled Germany’s Export Champions Slammed by Economic …