Yesterday November 7,2008 Royal Bank of Scotland Group plc(RBS) completed a reverse split in the ratio of 20:1 of its ADR shares traded in New York. This reverse split was first announced on Oct 30,2008 (Source: RBS Investor Relations Site): Royal Bank of Scotland Group PLC- RBS Ratio Change for ADR Holders “To maintain an …
Continue reading ‘Royal Bank of Scotland Group plc(ADR): Reverse Split Complete’ »
Earlier this year I wrote an article on Frontier Markets titled Explore some Frontier Markets !!!!!. In the ETF world, a few ETFs were launched this year specifically for frontier markets.In this post lets look at four of them. Photo: Beach at Agadir, Morocco 1. PowerShares MENA Frontier Countries (PMNA) Launched on July 9th of …
On November 3,2008 Banco Itau Holding Financeira S.A. (ITU) and Uniao de Bancos Brasileiros S.A. (UBB) announced to merge their operations to form a new company called Itau Unibanco Holding S.A. The merger will be effected by the merger of shares(Common, Preferreds, GDRs) of both the companies. Exchange Rate: Each 0.17391 UBB (GDR) will be …
Continue reading ‘Brazilian Banks Banco Itau and Unibanco To Merge’ »
The price of Crude oil reached a peak of $147 in July of this year.After that peak, the price has continued to fall and settled at about $64 today, Thats a crash of more than 50% in just a few months. Today gas stations in some parts of the US are selling gas for $1.99 …
Continue reading ‘Top European Oil Stocks with Great Dividends’ »
On Aug 28 this year, I wrote an article on some of the Top Canadian Dividend Stocks trading in the US. That article used the S&P TSX Canadian Dividend Aristocrats Index as the base. Today we take a different approach.We shall use the Dow Jones Canada Select Dividend Index to discuss the Canadian dividend stocks …