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Modest Gains Posted By Still-Vulnerable Nikkei

December 22nd, 2011 admin

On Friday, the Nikkei share average of Japan rose modestly after signs of strength in the U.S. economy. However, the market looked vulnerable as investors fret about the effect of Europe’s debt crisis on the global economy.

“Good auction results in Spain also eased some fears about the debt crisis. But that alone will hardly change the mood,” said Hiroaki Kuramochi, general manager of equity at Mita Securities, referring to Spain’s bond auction on Thursday.

The benchmark Nikkei .N225 rose 0.4 percent to 8,409.08 but the broader Topix index .TOPX slipped 0.1 percent to 724.56.

“Unless the Nikkei rises about 100 point from here, we are likely to see a test on the downside in the coming weeks,” said Kakuya Kojoh, manager of securities at Nissan Century Securities.

Asia Stocks Fall And Euro Struggles

December 17th, 2011 admin

On Thursday, Asian shares fell and the euro struggled close to a seven-week low to the dollar. This was after a botched German bond sale raised alarm that the ever-worsening sovereign debt crisis of Europe is starting to affect even the continent’s economic powerhouse.

Weak data from Europe, China, and the United States stoked fears that the global economy could be heading for a recession that would dull demand for industrial commodities.

From in.finance.yahoo.com:

Germany’s bond sale on Wednesday was the least successful since the launch of the euro, raising concern about the price Berlin may pay for its role as paymaster to a region racked by a crisis that has toppled governments in Greece and Italy.

“We have been saying for a while that Germany was effectively the only sovereign in the euro zone, all the others were credits,” said Russell Jones, head of global rates strategy at Westpac Bank in Australia, in a note.

“This may no longer be the case. And that is extremely worrying. We are journeying more and more into uncharted waters here.”

Tokyo’s Nikkei share average fell 1.5 percent, partly catching up with losses elsewhere on Wednesday, when Japanese markets were closed for a holiday.

“The other part is that market makers don’t want to have a position because of the very distressed nature of financial markets as a whole,” said Marc Ostwald, strategist at Monument Securities. “There’s certainly a partial element of ‘they would rather not have euros’ in there.”

HTC HD7S for AT&T – Super Performer

December 17th, 2011 admin

The HTC HD7S for AT&T is one of those communication devices that hardly need an introduction. This stunning GSM-enabled mobile phone from HTC released this month and is already been appreciated by mobile users in large numbers.

The HTC mobile phone has a 4.3-inch S-LCD capacitive touchscreen that offers a resolution of 480 x 800 pixels. The proximity sensor for auto turn-off and accelerometer sensor for UI auto-rotate give you endless reasons to stay glued to its high-resolution display. If that is not all, the HTC HD7S for AT&T has a 3.5-mm audio jack that can be easily connected to play clear and loud music. This HTC device also comes with Dolby Mobile and SRS sound enhancement functionalities and has an internal memory of 16 GB.

Connectivity to the Internet and social media is fun, fast, and fast with the HTC HD7S for AT&T as it is empowered with EDGE, GPRS, 3G HSDPA, WLAN, Bluetooth, USB, Microsoft Windows Phone 7 operating system, and 1 GHz Scorpion processor – Adreno 200 GPU, and Qualcomm QSD8250 Snapdragon chipset. The list of premium-class features and functionalities associated with this HTC mobile phone does not end here. You can view Word, Excel, PowerPoint, OneNote, and PDF files with this mobile phone from HTC and playback MP3/WAV/WMA/eAAC+/MP4/WMV/H.264/H.263 format audio and video files. The 5 MP camera of this mobile phone from HTC delivers a resolution of 2592 x 1944 pixels and supports features such as autofocus, dual LED flash, and geo-tagging.

In short, the HTC HD7S for AT&T is a super-performer in all aspects of mobile communications.

Web Hosting Tips For Modern Day Businesses

December 17th, 2011 admin

If you are about to launch a website or blog in a short while, it is important for you to know about web hosting. This is because only reliable website hosting can help your website run without complications and minimum downtime.

However, selecting the best web hosting company is not an easy task and the presence of many web hosts in the market does not make the task any easier. However, you can stay away from all problems and fears by opting for a reputed and honest webhosting provider. If you want to make an informed decision, it is advised that you access reviews of web hosting services, dedicated server hosting, and other products before finalizing the best.

Vikram Akula Exiting India’s SKS

December 3rd, 2011 admin

India’s only listed microlender, SKS Microfinance, said on Wednesday its founder Vikram Akula resigned as chairman and named an independent director as an interim replacement.

The microlender went public in spectacular fashion to raise $358 million in August last year before it was crippled by a regulatory crackdown.

From in.finance.yahoo.com:

Shares in SKS, whose investors included billionaire George Soros and private equity firm Sequoia Capital, have lost 92 percent from their peak and the company now has a market value of $163 million.

SKS has seen turbulent times since it went public, including the abrupt resignation of its then-CEO Suresh Gurumani, shortly after its listing.

Reports of high interest rates and aggressive loan recovery practices dented the sector’s image and invited regulatory scrutiny.

Andhra Pradesh, the industry hub, imposed a set of restrictive laws that came into effect last year that ended up severely curtailing microfinance activity in the state, scaring away banks and investors and prompting many small to mid-sized lenders to the poor to shut shop.

SKS said in a statement P.H. Ravi Kumar, an SKS board member for five years, will take over as interim non-executive chairman.

US readies defenses against spillover of Europe

November 30th, 2011 admin

The United States of America is ramping up attempts for safeguarding its financial system from a worsening of Europe’s debt crisis, joining countries in Asia, Latin America, and elsewhere in trying to build firewalls.

Policymakers in the United States are digging deep into the books of American banks to find out how exposed they might be to euro zone creditors and the plunging value of sovereign debt.

From news.yahoo.com:

Officials were stung by the implosion of Wall Street firm MF Global, which gambled and lost on European debt, and they are working on contingency plans for a worst-case scenario should another financial firm crumble.

A senior U.S. Treasury official said regulators are contacting big U.S. financial institutions to make sure they are scaling back exposure to Europe and are ready for a potential worsening of the crisis.

The Financial Stability Oversight Council, an inter-agency group set up after the 2007-2009 financial crisis, was trying to identify specific firms that could be hit by financial turbulence and then sort out ways that each one can fortify its balance sheet, the Treasury official said.

“As such, the potential for contagion to the U.S. financial system is not small,” the Institute of International Finance, the lobby group for major international banks, said last week.

Parsi Tradition Preserved By Tata’s Choice Of Chairman

November 29th, 2011 admin

The days when the Parsi community of Mumbai dominated a city they helped to build may have faded but the rise of Cyrus Mistry to the helm of the Tata Group reinforces the clout it wields in some of the biggest conglomerates of India.

The selection of Mistry also keeps the business in the hands of the close-knit community which is as old as the city itself.

From in.finance.yahoo.com:

From shipyards to textile firms, Mumbai’s Parsis, descendants of Persians who first landed in India in the ninth century, led the city’s commercial development from sleepy fishing islands to one of Asia’s business capitals.

Big business houses led by the Tata, Godrej and Wadia families keep that tradition alive today.

“Tata is a Parsi business, and so it is important that someone who grasps the culture of the group is at the top,” said Zubin Karkaria, a Parsi and chief executive officer and managing director of international visa administration firm VFS Global.

“Parsis really were the pioneers of the Indian industrial movement and have put a lot into the industrial development of the country,” said Shernaaz Engineer, editor of Jam-e-Jamshed, the 179-year-old Parsi newspaper.

Stock Trading Mixed In Light Trading

November 27th, 2011 admin

Stocks are mixed in light trading, with the S&P 500 index able to recover slightly from six straight days of losses.

Major indexes remain on track to post their worst week since September even with modest gains on Friday.

From in.finance.yahoo.com:

Worries about Europe’s debt crisis flared up again Friday after Italy had to pay 7.8 percent to borrow for two years at a debt auction. It’s another sign that investors are growing hesitant to lend to European countries.

The Dow Jones industrial average rose 25 points, or 0.2 percent, to 11,282 as of 11:45 a.m. Eastern.

The S&P 500 index is up 4 points, or 0.4 percent, to 1,166. The Nasdaq is down 2 points, or 0.1 percent, to 2,457.

Markets were closed on Thursday for Thanksgiving.

India Open Doors For Supermarket Chains

November 26th, 2011 admin

On Thursday, India threw open its $450 billion retail market to global supermarket giants.

The country approved its biggest reform in years that may boost sorely needed investment in Asia’s third-largest economy.

From in.finance.yahoo.com:

The world’s largest retail group, Wal-Mart Stores Inc, and its rivals see India’s retail sector as one of the last frontier markets, where a burgeoning middle-class still shops at local, family-owned merchants.

Allowing foreign retailers to take stakes of up to 51 percent in supermarkets would attract much needed capital from abroad and ultimately help unclog supply bottlenecks that have kept inflation stubbornly close to a double-digit clip.

Wal-Mart hailed the decision, but said it would take a close look at the fine print to see what the decision entails for its ability to do business in India.

“We believe this is an important first step,” said Scott Price, president and chief executive of Walmart Asia in a statement.

Iran closer to atom bomb than thought, says Israel

November 25th, 2011 admin

The full extent of Iran’s nuclear program was not reflected in a recent U.N. report, Israeli Prime Minister Benjamin Netanyahu said on Sunday.

“Iran is closer to getting an (atomic) bomb than is thought,” Netanyahu said in remarks to cabinet ministers, quoted by an official from his office.

From news.yahoo.com:

The Israeli leader did not specify what additional information he had about Iran’s nuclear program during his cabinet’s discussion on the report by the U.N.’s International Atomic Energy Agency (IAEA) released last week.

At the start of meeting, Netanyahu made a broadcast repeating his call for the world “to stop Iran’s race to arm itself with a nuclear weapon before it is too late.”

Iran has dismissed accusations that it is developing nuclear weapons and says it needs atomic technology for electricity and other peaceful projects. it called the IAEA report “unbalanced” and “politically motivated.”

“Only things that could be proven were written (in the U.N. report), but in reality there are many other things that we see,” Netanyahu said.

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