After five years of strong growth Latin American economies were severely impacted by the current credit crunch. However the region holds plenty of potential for the future growth. The following are some key points from a “Regional Overview: Latin America” report by Institute of International Finance (IIF). “Most countries are better prepared to confront the …
1.Canada’s economy is in serious trouble, which means our future jobs and prosperity are in trouble. Our economic problems run much deeper than the daily headlines on job losses at General Motors, bankruptcy protection at Nortel, and business failures in many small businesses, from retailers to restaurants. For several decades we have failed – despite …
Continue reading ‘Knowledge is Power: Chrysler’s Surgical Bankruptcy Edition’ »
Emerging markets are performing better this year than developed markets.Investors’ appetite for risk has increased and many of the emerging market indices have rebounded nicely this year. One of main developing countries that is attracting investor attention this this year is Brazil. The iShares MSCI Brazil Index Fund (EWZ) ETF is up by 10.45% as …
In a recent Washington Post article titled “Too Many Cars, and They’re Not on the Road“,the author says that 57,000 unsold cars are piled up at the Port of Baltimore and many more are stored at the Baltimore-Washington International Marshall Airport. The big three US automakers – Ford Motor Co (F), General Motors(GM) and Chrysler …
Continue reading ‘Will the US start a Car Scrapping Incentive Program?’ »
The Top 50 Banks of Brazil based on assets held as of December 31,2008 are listed below. The source of the data is Banco Central Do Brasil which is the Central Bank of Brazil. The largest 50 Brazilian banks based on Assets held in R$ thousands (as of December 31,2008): [TABLE=147] Source: Banco Central Do …