Yesterday’s New York Times had a piece titled “Europe Lags as U.S. Economy Shows Signs of Recovery“. This article stated that while the European economy was still gloomy and will remain in recession well till 2010 primarily due to differences in policy difference between the Europeans and Americans in solving the current economic crisis. The …
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In an earlier article, I wrote about the The Best Emerging Market Banks in Latin America 2009. In this post, the best emerging market banks in Asia are listed. [TABLE=154] Shinhan Financial Group (SHG) of South Korea and HDFC Bank (HDB) of India trade in the New York Stock Exchange. Shinhan does not pay a …
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Capital Inflows and Outflows: Foreign Exchange Reserves: Source: The global crisis and Latin America: financial impact and policy responses, BIS Quarterly Review, June 2009
Despite its troubles, Mexico still offers opportunities.Mexico: NAFTA ’s third amigo European governments have approved $5.3 trillion of aid, more than the annual gross domestic product of Germany, to support banks during the credit crunch, according to a European Union document. Bank Rescue Costs EU Governments $5.3 Trillion, Surpassing Germany’s GDP When Jeff Bezos put …
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Repsol(REP) and Sasol(SSL) operate in the integrated oil&gas; and energy & chemical industries. Out of these two, Sasol(SSL) is an interesting company since its portfolio of assets is diverse. The company “mines coal in South Africa, produces gas in Mozambique and oil in Gabon, and its chemical manufacturing and marketing operations span the globe”. In …