Aunt is a term used to describe an uneducated or unsophisticated investor who is new and unfamiliar with investing, which makes him prone to poor investment choices. It has a derogatory connotation in the financial sector. Aunt Millie is used with reference to a low-risk investment offered to first-time, inexperienced investors.

A locapour is a person who drinks only locally produced wine or beer. It is a movement that is slowly on the rise as more and more people take to drinking locally produced drinks. The rage is now at its biggest in Canada. The word is a combination of local and pour. It is similar to locavore – a person …

A person who does not like shopping and prefers to pick up what is closest on the shelf and move on, as opposed to a discerning shopper who scans all shelves is a grab-and-goer. The word is a take-off from fast food lingo where food is grabbed on the way to work. The word is also used in the larger …

A downager is a person who acts younger than his or her age. There is a growing trend among women aged over 60 to live it up, hence the term dowager has been reinvented as downager. A study of independent, socially active Australian women found them working, studying, starting businesses and changing careers at the age of 60 and above. …

The BRICS countries, five nations grouped together because of their burgeoning economies. Made up of Brazil, Russia, India, China and South Africa, the BRICS countries are grouped together because while they are not yet economic powerhouses, they have the potential to become the world’s most dominant economies in the next few decades. Although not as talked about as India and …

Mauretania can be listed as the world’s first luxury liner. Since the 1830s, passenger liners had been competing for the honour of making the fastest North Atlantic crossing. This honour came to be known as the Blue Riband. In 1907, Cunard introduced the much larger Lusitania and Mauretania, both powered by steam turbines. The Mauretania won the Blue Riband and …

Singapore is said to be the biggest port handling 26.9 million standard boxes, though China now claims that in 2008, Shanghai has overtaken Singapore and expected to handle 30 million TEUs (twenty-feet equivalent units, a measure used in transport). In 2002, it was claimed that Hong Kong in China was the biggest container port.

The California Gold Rush (1848–1855) began on January 24, 1848, when gold was found by James W. Marshall at Sutter’s Mill, in Coloma, California. News of the discovery brought some 300,000 people to California from the rest of the United States and abroad. Of the 300,000, approximately half arrived by sea and half came overland. The gold-seekers, called “Forty-niners” (as …

Vibrant Gujarat is a biennial Global Investors’ Summit held by the Government of Gujarat in Gujarat, India. The event is aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit is advertised as a platform to understand and explore business opportunities in the State of Gujarat. Vibrant Gujarat 2011 Summit was held at Gandhinagar …

The whisper circuit is a rumour mill associated with companies, stock markets and investors, where people trade secrets and gossip about companies. Investors use this knowledge about a company’s fortunes to their advantage. The term is usually used by business journalists.