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GCC markets recorded another week of negative performance as the dramatic fall in crude prices coupled with the worsening of the financial turmoil in November 2008 further dented investor confidence in the region. GCC stock markets lost around $127 Bn in November, after posting a similar performance in October, wherein they lost $220 Bn. Tadawul [...]
Investors were euphoric after the appointment of an US economic recovery team by President-elect Mr. Obama, which included Ex-Fed chairman Mr. Volcker. Moreover, expectations that the economy would recover earlier than anticipated and the move by the Federal Reserve to unfreeze credit markets by committing another US$800 billion added to the optimism. Through the new [...]
London, Wednesday, November 26, 2008 ARANCA News Report (www.aranca.com) : The People’s Bank of China slashed key lending rates by a larger-than-expected 108 basis points to 5.58% from 6.66%. The rates applicable from Thursday are an attempt by the bank to promote lending to local businesses. As the world’s fourth largest economy slows, China’s central bank [...]
The Indian Construction Equipment sector had an estimated market size of US$ 2.4-2.6 billion in the year 2007 and has since been growing at an average of 30 per cent annually compared to the global growth of 5 per cent. The construction industry is worth US$ 145 billion and the sector represents the second largest [...]
Bearing market in China is one of the fastest growing markets in the world. This market demand is expected to reach US$12.3bn in 2008 and is likely to grow by 13.8% annually for the coming few years. This growth is expected to be largely driven by the rapid growth in production of durable goods such [...]
Canadian Generic Pharmaceutical Association (CGPA) cites IMS while stating that the average cost of brand-name prescriptions in 2007 was CAD 64.19, and that of generic prescriptions was CAD 26.07. Also, average price of the former increased 50%, vis-à-vis the latter’s 34% growth over the last 10 years.
London, Wednesday, November 26, 2008 ARANCA News Report (www.aranca.com) :The US Federal Reserve and the Treasury Department announced another stimulus package aimed at borrowers in a bid to thaw frozen credit markets. The central bank plans to create a $200 billion lending facility to back consumer finance including student loans, car loans and credit card [...]
London, Tuesday, November 25, 2008 ARANCA News Report (www.aranca.com): Following in the footsteps of China, Japan and Australia, Britain announced a huge stimulus package to boost consumer spending in an attempt to stave off a deep and potentially painful recession.
As part of the £20 billion ($30 billion) fiscal stimulus package, the government aims to cut [...]
According to the Canadian Generic Pharmaceutical Association (CGPA), the national prescription drugs market exhibited year-on-year growth of more than 6% to reach approximately CAD 19 billion in 2007. Of this size, generic drugs, vis-à-vis branded drugs, accounted for a 21% share. Generics market has risen at CAGR of around 16% between 2002 and 2007.
According to the European Generic Medicines Association (EGA), Latvia topped the table with penetration rate of approximately 80%. While Poland and Denmark followed with shares around 75% and 70% respectively, Finland, Ireland and Greece bottomed the table with shares less than 10%.
