Spanish Cajas have been in the news recently acting as the equivalent of the “subprime sector” during the US financial crisis.CajaSur was seized by the Spanish Central Bank after running into massive losses in its real estate loan portfolio.The Cajas which are socially run not for profit banks in general have incompetent management and little […]
China is already the world’s largest producer of Solar Energy Equipment with almost 50% of global marketshare and is looking to dominate the Wind Energy Industry as well.Now it is looking to extend its leadership to other sectors of the Clean Technology as well.Major global automakers are already looking to collaborate with Chinese companies in […]
British Petroleum shares have crashed by almost 33% since the news of the Gulf Oil Spill broke out.Despite BP being a stable mega cap Energy company which do not usually see big price swings,it has lost almost a third of its market value in the last one month.This is unusual for a MNC of this […]
China has been called the “savior” of the world’s economy as its massive $586 billion Government Stimulus and Easy Money policies sustained over 10% GDP growth in 2009 even as the world GDP was contracting for the first time in recent history.However China’s huge stimulus has created problems of inflation and asset bubbles which threaten […]
The spectacular growth in Asian economies like China,South Korea,HK,Taiwan over the last two decades has raised millions from poverty to a middle class life.This has led to increasing education levels among the new generation of Asians.Parents have poured a large part of their earnings into children education which was seen as a ticket to a […]
Pakistan has been in the news for banning Facebook,Youtube and Twitter as pages from Facebook reportedly offended the sensibilities of the Islamic religion.Instead of just banning the access to a page,Pakistan authorities went overboard in banning all of the major Internet websites.Following Pakistan’s Internet WitchHunt,now it is the turn of Bangladesh to ban Facebook for […]