I came across the following animation on global land and sea temperature changes since 1900:
How land and ocean temperatures have changed around the world.
Data from https://t.co/6x2Yq61wzU pic.twitter.com/WEcoizoYnd— John Kennedy (@micefearboggis) September 28, 2017
Via Twitter
Copper prices have soared so far this year. After years of poor performance copper prices started goin gup late last year and have continued that upward trend this year. Prices shot up to $7,000 a metric ton this year. The following chart shows the solid growth in copper prices:
Click to enlarge
Source: Chart of the week: red metal is red hot, MoneyWeek
Yesterday prices closed at just over $6,640 a metric ton.
Rising copper prices are a boon to copper producing and exporting countries. As the world’s copper producing country Chile is reaping the benefits of higher prices. Chilean stocks have already shown the positive impact of copper prices. For example, Banco Santander-Chile (BSAC) is up by over 41% year-to-date and Banco de Chile (BCH) has increased by over 35%. The iShares MSCI Chile ETF (ECH) has also shot up over 35% YTD.
Disclosure: Long BCH
A research report recently published by Credit Suisse(CS) showed that family-owned companies outperformed their non-family owned peers. CS defined a family-owned firm as (1) direct shareholding by founders or descendants of at least 20%; (2) voting rights held by founders or descendants of at least 20%.
The Top 50 family-owned firms globally based on market cap, revenue and share-price erturns are shown in the table below:
Click to enlarge
The table below shows the Top 50 Asian family-owned firms:
Source: The CS Family 1000, Credit Suisse
More than half of the top 1000 family-owned firms in the world are located in Asia. The top four countries are China, the USA, India and France.
The complete report has many more fascinating charts and detailed infomation.
Download: The CS Family 1000 (in pdf)
The cost of college tuition in the US contiues to increase each year. In fact, college tuition has been increasing at a higher rate than even healthcare and is double that of overall consumer prices. The causes for the relentless rise of college tution are many including cheap and easy loans from Uncle Sam, requirement of a diploma certificate for a many jobs including ones that hardly needs high-school level skills, expensive and luxurious college facilities, highly paid educators, thousands of highly-paid administrators who do paperwork and administer everything, etc.
The following chart compares the growth in college tuition against medical care and other consumer prices:
Click to enlarge
Source: The True Cost of Higher Education, Manning & Napier, September 20, 2017
Earlier:
BASF SE(BASFY), the world’s largest chemical maker has announced a stock split of its ADR shares. The German company implemented a 2: 1 stock split on the ADR back in 2008. This year the split ratio is 4:1.
The depository BNY Mellon published the following details on this split:
The Bank of New York Mellon, as Depositary, at the direction of BASF SE, is announcing a ratio change on the Depositary Receipt (“DR”) program from one (1) DS representing one (1) Ordinary share to the new ratio of four (4) DSs representing one (1) Ordinary share. The ratio change will occur simultaneously with a 300% DS distribution (3 additional DS for each 1 DS held).
Please note: A ratio change may impact the fees payable by DR investors. BNY Mellon’s books will be closed for all issuance and cancellation transactions from the close of business October 12, 2017 and will reopen on October 19, 2017.
BNY MELLON HAS ESTABLISHED THE FOLLOWING DATES FOR THIS CORPORATE ACTION:
DR Record Date: Oct 12, 2017
DR Payable Date: Oct 16, 2017
DR Effective Date: Oct 17, 2017
DR Distribution Rate: 300%
Old Ratio: 1 DS: 1 Ordinary Shares
New Ratio: 4 DSs: 1 Ordinary Share
Source: BNY Mellon
BASF closed at $105.86 this past Friday.
For additional info checkout:
Disclosure: No Positions
