Most companies based in the USA are in contraction mode laying off people, cutting expenses, postponing projects, etc. to survive this downturn. On Jan 23, 2009 the Financial Times reported: “McDonald’s is planning to this year create 12,000 jobs and open 240 new restaurants across Europe, it emerged on Friday, as the fast-food chain shows …
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Banks in India seem to be faring much the banks in the Western world. In a recent article, The Banker magazine says that though India has been affected by the global downturn its banking system has survived due to the bold actions taken by the Duvvuri Subbarao, the Governor of the Reserve Bank of India.The …
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There are three major economic growth theories: Classical economic theory, Neo-Classical theory and New-Growth Economics. Classical theory states that the output of a country depends on the capital available per worker. If capital per worker increased output would increase. The problem with this theory is that it does not account for important factors like technological …
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After the crash of the banking sector, the three Australian bank ADRs offer yields that are well above 10%. Just like any other bank that is cutting dividends or outright suspending them non one can be sure that these yields are sustainable. However each bank is different and Australia is normal times is a stable …
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The tiny city state of Singapore is not immune to the global economic turmoil. Up until last year Singapore had strong growth and was even hailed as the “Switzerland of Asia” due to many international financial institutions having offices there. The government of Singapore rode to boom and even granted licenses to develop huge casino/entertainment …