My arrival in Seoul was somewhat delayed when dense fog caused my plane from Phnom Penh to be temporarily diverted from Seoul to Daegu. Still, better late than never! I was delighted to be back in Seoul, capital of one of the world’s most dynamic and innovative economies. Just remember: in a remarkably short period of time, Korea has risen from close to the bottom to close to the top—becoming the thirteenth most prosperous economy with an income per capita that is higher than the European Union average.
December 11, 2013
December 10, 2013
Throughout the day many reports cross our desks that look at developments in the oil and gas sector. Normally we take a quick look and move on, but just last week one of our analysts saw a presentation that made our whole team sit up and take notice.
|Photo Source: ExpatForum.com|
Over the years there has been an enormous surge of UK residents packing up their bags and moving to the United Arab Emirates, and the reason for this is that it is easier and more affordable to lead a luxury lifestyle out there, and this is particularly true with the current economic climate in the UK. Changes that have occurred in the financial markets have a huge impact on real estate, making it harder for people to buy properties over here. With such difficult financial problems in the UK, people are heading abroad to find work and to lead a different lifestyle to what they had when they were in the UK, and the UEA seems to be the place to go which includes destinations such as Dubai, Sharjah and Abu Dhabi.
By Jayson Derrick for Benzinga
After starting the week hitting record closes yesterday, major indices slipped in today's trading session.
Investors are anxiously awaiting next week's Federal Reserve meeting which it is becoming more and more apparent that tapering is set to begin sooner, rather than later. The meetings will take place next Tuesday and Wednesday.