The financial system in Mongolia is dominated by commercial banks. As of September 2010, the 14 registered commercial banks accounted for 96 percent of total financial system assets.The Mongolia Stock Exchange(MSE) was established in 1991, following the privatization of 475 state-owned enterprises. About 337 companies are now listed on the MSE. The size of the …
Continue reading ‘Review: The Financial System in Mongolia’ »
The unemployment rate in Canada stood at 7.6% in April compared to 9.0% in the U.S. According to Bureau of Labor Statistics, 244,000 jobs were created in April. But how many high-paying, full-time jobs created in the U.S.?. Recently McDonald’s hired 62,000 people in the U.S.after receiving more than a million applications. These jobs will …
Continue reading ‘Canada creates High-Paying Jobs, USA creates McJobs ?’ »
The official unemployment rate in the U.S. stood at 9.0% in April. 13.7 million Americans are out of work. Even the lucky ones who hold a job are finding it difficult to make a decent living due to rising cost of living and stagnant to down wages. While equity markets have soared from the depths …
Continue reading ‘The Horrendous Decline in U.S. Labor Income for the Past Four Decades’ »
The equity markets markets of BRIC countries are not soaring this year.Brazil and India are down while China and Russia are up YTD compared to S&P’s fall of 1.90%. However the economies of BRICs continues to be strong and their growth is projected to outpace that of developed countries this year as well. Deutsche Bank’s …
I came across this list of 50 best blogs for following Asian business: Asian Business These blogs cover a wide range of countries and topics when it comes to business. AsiaBizBlog: Follow along with the latest news related to business in China and other Asian nations on this blog. Eye on Asia: This Bloomberg Businessweek …