Monday, Mar 09, 2009
Japan's long slump defies faith in stocks as best investment
Bloomberg: Asian Stocks Fall as World Bank Fuels Economic Growth Concern
March 9 (Bloomberg) -- Asian stocks sank for a second day, led by banks and automakers, on concern corporate earnings will deteriorate further as the World Bank predicted the global economy to shrink for the first time since World War II.
As they say in the investment business, past results are no predictor of future performance, and comparing countries and periods can be tricky. But the long-languid Japanese stock market offers a scary counterexample to the belief that over the long run, stocks are always the best investment.
Kotak open to buying RBS' India assets
43 mins ago
Print Story Indian private lender Kotak Mahindra Bank is open to acquiring Royal Bank of Scotland's India business if an opportunity arises, a senior executive said. sott
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