Posted by
admin on January 20, 2012 |
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Turkey which is known for its fabrics, jewelry and spices is been there for centuries in the bazaars and was among the few last European nations which embraced the modern shopping malls and centers but it is now catching up quickly. The property developers have been hired by the Turkey people who are said to be the youngest population in whole Europe for constructing the malls at a very fast rate compared to any other country in the whole continent other than Russia.
Istanbul which is Turkey’s capital and the most populous and wealthiest city is certainly the biggest centers among the other thirty centers which are in the pipeline. The Private consumption raises an 8.2 percent increase in the GDP in the third quarter which is three times of the Germany’s growth rate. The Hamburg based money manager has got more than four centers valued at 574 million US dollars.
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Posted by
admin on January 19, 2012 |
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Citigroup Inc joined hands with JP Morgan Chase & Co in giving its lowest cost revenue since 2008’s economic slowdown happened. Another company Wells Fargo & Co revenue shares also dipped as the core lending businesses and companies also improved a lot. Citigroup announced that the fourth quarter revenue results fell by more than seven percent as compared to one year earlier. The total income reduced by eleven percent to 1.17 US billion dollars.
There is a growing concern that the European debt crisis has contributed to the worldwide economic slowdown and it is the reason why trading volume and bank investment deals have dropped considerably in the second half of the year. Citigroup fell almost 6.8 percent to the figure of $28.66 which is its worst showing in the KBW bank Index. The New York based company JP Morgan dropped 2.2 percent to 35.12 US dollars.
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Posted by
admin on January 18, 2012 |
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The sales figure for the consumer electronics ranging from the digital cameras to the smart phones will going to cross the one trillion mark for this year and this is going to happen for the first time. It means lots of tin consumption which will increase a lot this year and thus will end the metal slump which was at the thirty three months low. The demands will surely going to outpace the supply factor for the third straight year.
St Albans which is an England based company group has already witnessed nine thousand metric ton shortage and it is enough to manufacture more than nine billion mobile phones. The London Metal exchange inventories fell more than fifty percent from last August to its lowest since April 2009. The prices can rise as higher as twenty three percent to 26000 US dollars per ton.
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