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Eurozone To Push On With Crisis Steps

January 3rd, 2012 admin

After ratings agency Fitch cast doubt on eurozone’s ability to forge a decisive response, it will be pursuing measures for tackling its sovereign debt crisis this week by offering more cash to the IMF and long-term liquidity to banks, while moving towards tighter fiscal rules.

“We all know that Europe has not been able to convince markets that its governance set-up and its measures against the crisis were enough,” Italian Deputy Economy Minister Vittorio Grilli said in a newspaper interview published on Sunday.

“More integration and more effective instruments are needed. We are not yet there,” he told Il Sole 24 Ore.

Sears reviewed by S&P for possible downgrade

December 31st, 2011 admin

On Wednesday, Standard & Poor’s placed Sears Holdings Corp’s credit rating on review for a possible downgrade. The ratings agency said the retailer’s plan to close at least 100 stores may not do much to improve its performance.

S&P presently rates Sears’ corporate credit at “B” that is five notches into “junk” bond territory.

“In our view, the company’s announcement of 100 to 120 store closures may do little to help its poor performance,” the ratings agency said in a statement. “We believe that one of the primary issues is that the company has underinvested in its stores base, especially when compared with its peers.”

Sears shares closed at $33.33 on Wednesday, down 0.2 percent for the day and 54.5 percent for the year and the stock closed at $45.85 on Friday, the last trading day before company’s store closure announcement.

Seven & I to bolster online retail operations

December 27th, 2011 admin

The Nikkei said Seven & I Holdings Co will build its first distribution center for online orders. The company will also consolidate the Internet shopping operations of group firms as the retail giant aims to promote growth in the segment of e-commerce.

During the next fiscal year, Seven & I will combine the e-commerce segments of Ito-Yokado Co, Seven-Eleven Japan Co, and baby goods purveyor Akachan Honpo Co into online retailer Seven Net Shopping Co for creating a one-stop shopping site for products ranging from books and music software to food, household items, and children’s products. The Nikkei said Seven & I will invest more than 10 billion yen to open the new fulfillment center with a floor space of about 15,000 square meters in Saitama Prefecture by fiscal 2012.

Internet Marketing Strategy – Twitter Marketing Software

December 26th, 2011 admin

When it comes to internet marketing to build the reputation and presence of an online business, there is nothing better than the Twitter marketing software. In this YouTube video, you will access review of the top 3 Twitter marketing tools including which piece of Twitter marketing software would be best suited to you.

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.

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