Euro-zone Worries There have been increased worries about the Euro-zone, yet again. This has meant that the Euro has plummeted to an all-time low against the Swiss franc of 1.24 to 1.2345 which thereafter stabilized at 1.2360. This had an impact on Asian stocks which also “boosted safe haven investments like U.S. government debt and… Continue Reading
World Trade a Winner Somewhat surprisingly, world trade in South Carolina enjoyed some really impressive results last year irrespective of what has been going on with financial recovery in other areas. A report put out by the Los Angeles County Economic Development Corp. found that the increase in trade was “so sudden,” many industry sectors… Continue Reading
Which Countries Are Participating? It seems like there are some countries with all the money and others that have none. That might not be so far from the truth; at least, until recently. Currently, there are six “emerging economies” which are likely to “account for more than half of all global growth by 2025.” These… Continue Reading
Finding the Right Utility Company For those living in New York, there are many energy choices available so it’s important to research all options ahead of time. News today reported that there was an increase in oil in the Big Apple, which may have been surprising following prices over the last three months. There was… Continue Reading
Bad News for British Housing Market While Scotland may be doing well in the economic recovery sphere vis-à-vis employment, the picture doesn’t look quite as pretty when you turn to Britain’s housing market. Indeed, just since 2007, prices have dropped by £40,000 and there isn’t expected to be any improvement until around 2015. Just in… Continue Reading
It looks like there will be less singing on for the Scots. Figures for unemployment are going down in the country. Indeed, there was a significant increase in permanent job recruitment in Scotland last month, which is actually the “strongest labor market conditions for more than three years,” according to a survey carried about by… Continue Reading
It’s not like Gap Inc. – the popular American clothing company – hasn’t already gone global already. It has. But now there is even more potential global growth in the company. Recent announcement from the company was that it will be traveling to both Serbia and Ukraine before the end of the year. The first… Continue Reading
Reliance Industries Goes for Big Bucks Reliance Industries Limited (RIL) is looking into developing partnerships with “global players” in New Delhi in an attempt to get some of the big bucks the country is making in the area of financial services. RIL in India is the country’s biggest “private sector enterprise, with business in the… Continue Reading
News from Emkay Global Financial Services is that it is “bearish on Canara Bank (CBK).” In a research report from May 5 of this year, it has “recommended reduce rating on the stock with a target of Rs 560.” Apparently, CBK’s profits were lower than anticipated, probably due to a decrease in NIM’s which dropped… Continue Reading
It looks like the global economy is still on the road to recovery. Problem is, that road might be getting somewhat slippery according to Jan du Plessis (chairman of Rio Tinto). He says that markets around the world, “remain fragile.” He spoke about this at today’s yearly miner’s meeting that took place in Perth. Although… Continue Reading