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When Rupee is kneeling down in front of the dollar, it would be interesting to probe into the other currencies which have already lost to the dollar and to pound as well. Along with that we will find the best currencies in 2013 which can give great returns on investing. Iran Rial tops the list of the least valued currency. Introduced in 1798 as a coin Rial got its name from Spanish Rial. In 1945 Iran made USD as the peg for Rial leaving Pound and then 1USD was 32.25 Rial. The dollar devaluation in 1973 was not followed by Iran and the 1USD was 68.275 Rial. The value of the Rial declined due to the Islamic revolution and related capital flights and in 1999, 9430 rials equaled one dollar AND AS PER August 27, 1USD equals 24820.00IRR. As of today 1USD is equal to 21,170000 VND, Vietnamese Dong when 1 GBP is equal to 32,910.8820 VND. Vietnamese Dong, the currency of Vietnam since 1978 Lesser known country São Tomé and Príncipe an Island nation situated in Gulf Guinea is the second sm...

This could be temporary and let it be…….. That’s the expectation which Indians keep when their currency weakens. As Mr Paul Krugman in his latest blog “Ruppee Panic” describes, let us also generalize that currency weakening phenomena is there in almost all emerging economies. He invites our attention to the Brazilian economy where the fluctuations are more severe than India. The Brazilian inflation rate is marked as 6.7% which it difficult for the government to execute the development plans . It will be interesting to know who lost how much on this rupee dollar war in India. Mr Mukesh Ambani who is the owner of Reliance Industries Ltd. (RIL) the biggest refinery complex has lost $5.6 billion of his wealth since May 1 and his younger brother Mr Anil Ambani lost $1.3 billion. The second biggest loser is Mr Dilip Shanghvi, founder of Sun Pharmaceutical Industries Ltd and his loss is $2billion! Mr Kumar Mangalam Birla had a loss of 950 million; he is the owner of Aditya Birla Group. Th...

Despite the slowdown the NPL markets in the US and Europe is giving ample investment opportunities. Between the US and Europe latter is becoming the favorite for the investors. The transactions in the NPL markets have increased through 2012 and the banks are keen to sell their NPLs. According to the January 2013 reports, US bank deposit rates fell down mainly due to the US senate’s failure to extend the TAG program which was a component of the Temporary Liquidity Guarantee Program of FDIC which was originally adopted in October 2008. Through this program lending became easier due to the reduction in cost of funding and lending became more viable and helped people to mend their businesses. The main components of the TAG were1) Debt Guarantee Program which temporarily guarantees all newly-issued senior unsecured debt up to prescribed limits issued by participating entities. 2) The Transaction Account Guarantee program gives a Temporary full guarantee by the FDIC for funds held at FDI...

An enormous upsurge in the middle class families across the globe especially in the BRICS countries has accrued high supposition among the economists. The total number of such families in BRICS is considered to be 5 billion by 2030. This transition has been found as "historical" in the last 150 years by the UN. This data is supposed to exceed G7 countries which are significantly industrialized than BRICS. By the end of 2020 middle class families in Asian continent will be more than 3 bn and this is 5 times more than Europe and 10 times more than North America! The households which are capable of spending $10 to $100 per day from their disposable income is considered to be in the middle class group and this definition has been coined by the UN and OECD. The number of people who earns $10 to $100 per day approximately is 150 mn and by 2030,500 mn people will earn the same in China alone if the economy has a stable growth. This data implies that by 2030, 70% of the Chinese ...

The repeated failures of FDI may hamper the economic growth and may work against India’s reputation from being an investor friendly country. This emerging economy is witnessing a deleterious “Quit-India” movement of foreign companies making slowdown in furtherinvestments. India is in need of FDI to overcome the huge account deficit equal to 4.8% of GDP in the last fiscal year. The recent regulation by Indian government allows 100% foreign ownership in telecommunication companies and easing in various overseas investment segments to attract long-term investments. The strong discontent over the macroeconomic conditions, market and regulatory conditions and the rupee’s instability led the UK company 3i’s exit from the Indian infrastructure business. The whopping amount of $1.2 bn investment couldn’t gain a sound profit which made the company analyze running this business in India is very challenging which resulted in the shut down in May 2013 even though 3i were the world’s largest In...

As per the UNCTAD report on Global Investments, FDI for 2013 will remain almost the same as it was in 2012, $1.32 trillion with an expectation of 10% hike. Transnational corporations are expected to invest cash holdings in various areas. From $1.45 trillion of FDI in 2013 is to expected to go up to $1.6 trillion in 2014 and $1.8trillion in 2015. This growth will be subject to the changes in the global financial system along with the significant policy uncertainty. The proposed FDI recipients will be the developing economies than the developed ones. Africa which has registered a year-on-year growth shows a rise in the FDI inflow up by 5% making it $50 billion. The outflow in the FDI also has risen to $14billion in 2012. Africa the favorite investment destination for the developing countries like India, Malaysia, China and South Africa in terms of FDI stock. The extractive sectors in Mauritania, the newest oil producers in the Africa, Democratic Republic of Congo, Mozambique and U...

General Motors Corporation which is one of the biggest automakers in the world headquartered in Detroit. Ford Motor Corporation also headquartered in Detroit with 213000 employees worldwide in their 90 plants and other facilities. Chrysler Group, which is located in Auburn Hills Michigan has their Historical Services in Detroit, which is considered as the one among the Big Three (Ford, General Motors, and Chrysler) in the US Visteon Corporation which manufactures automotive parts , SBC a telecommunication company, healthcare companies like Trinity Health, Henry Ford Health System, pharmaceutical company Pfizer Inc, systems technology company Delphi Corporations, global shipping company FedEx Corporation, cable network company Comcast and the list go on. Even then Detroit went bankrupt! The city of Detroit in the State of Michigan, home for many MNCs filed for bankruptcy protection, that too after a long economic crisis. And the reasons include 1) decline in the population since 200...