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February 2009

Painted in Red!

Date : 23/02/2009 Author: M.R Raghu

What’s significant about 2008?

It’s the year that is completely painted in Red. The year 2008 is a perfect contrast to 2007 in terms of stock market performance. While in 2007 almost all markets (except Argentina) posted positive returns, 2008 was a total contrast with all markets posting negative returns. What is peculiar about 2008 is that it is the first year in recent memory where all the markets are painted in red.

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What a Turnaround…

Date : 16/02/2009 Author: M.R Raghu

Did you know that Al-Rajhi Bank is now bigger than Citigroup, Royal Bank of Scotland and Barclays!!!!!! Al-Rajhi bank with a market capitalization of USD 23 billion stands ahead of Citigroup (19), RBS (12) and Barclays (12). Also, Al-Rajhi bank is just a shade lower than Morgan Stanley (25).

The turn of events brought about by the credit crisis has reduced once impregnable global banks to the status of minnows.

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