During the depths of the crisis, Europe was largely un-investable. Even the remote prospect of the euro not surviving was more than enough to deter investors, but with conditions now starting to stabilise, investors are coming back in droves looking to pick up property and other cheap assets across the continent.
It is just over 90 years since the foundation of an independent Irish State and we are facing some important commemorations in the next few years: 1916 in just three years’ time and the centenary celebrations of the foundation of the State itself in 2022.
In the past year a number of very high profile Merger and Acquisition (‘M&A’) deals have been announced. This has led some to question whether we are on the cusp of another M&A boom similar to the late 1990s.
The global economy now appears to have expanded by just under 3% in 2013, a slightly slower rate than in 2012. However, momentum gathered pace in many regions as the year came to an end.
Sandra Rockett outlines how changes to the Pension Fund Limit may impact you.
The opportunity for branded goods increasingly lies in faster growing emerging markets. For more than a decade, nations like Brazil, Russia, India and China (“BRICs”) have grown at much faster rates than the West, which has created a burgeoning middle class of several hundred million people.
Investors are now fully aware of the ‘patent cliff’ that the Pharmaceutical and Biotech industries are currently going through. During the period 2011-2017, every single one of the current top 20 largest selling drugs in the world will begin to face generic competition. While this issue has been an overhang for the industry for some years, the ‘unknown’ is how the industry will adapt and evolve to overcome this and other issues it currently faces.
America is on the cusp of an energy renaissance. According to the International Energy Agency, the US will overtake Saudi Arabia as the largest producer of oil by 2020 and will surpass Russia as the world’s leading natural gas producer as soon as 2015.
In 1949 Benjamin Graham published one of the most influential books on investing called the ‘The Intelligent Investor’. In it, he laid out the principles for what has become known as ‘Value Investing’ - the concept of identifying true intrinsic value in the market.
Since US Federal Reserve (‘Fed’) Chairman Ben Bernanke’s testimony to Congress on 22nd May, when he indicated that the Fed may be ready to reduce monetary stimulus, Emerging Market (‘EM’) currencies such as the Indonesian rupiah, Indian rupee and Brazilian real are down 19%, 18% and 14% against the euro. This not only demonstrates how interconnected global financial markets have become, but also the unintended consequences of central banks’ unconventional monetary policies during the crisis.