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Marenne M

Apple's 9 million iPhone weekend: The good and bad - CBS News - 1 views

  • the stock closed last Friday at $467, well off the 52-week high of $705
  • 5C as an attempt to shore up the low end of the market
  • expand market share
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  • price of the 5C, starting at $99 for what a U.S. consumer would pay with a two-year service commitment with a mobile carrier, was nowhere near low enough
  • more price sensitive
  • missed its opportunity to improve its standing in such important markets as China and India
  • a small share would be a significant boost over previous years
  • sold out virtually everywhere
  • old out customer satisfaction and convenience to fuel its need for PR
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    This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.
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    This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.
Haydn W

The Motorship - Shipbuilding competition promotes efficient working - 0 views

  • In order to compete in a crowded market, efficiency is the key to success in shipbuilding
  • We spoke to Malaysian offshore specialist shipyard Shin Yang Shipbuilding to see how the company was faring in difficult times.
  • Our recent orders over the past few years have come from returning customers in UAE and Malaysia.
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  • We are looking at downsizing our present build capacity and to keep a lean workforce.
  • The speculative market is not looking positive right now due to Chinese yards churning out huge numbers of OSVs, with brokers trying to capitalise on the competitive vessel price and flexible payment and finance terms offered by these Chinese yards.
  • I don’t have a strong view at this stage as market prices are predominantly controlled by brokers and the bigger shipyards which monopolise the global market, and affected by growing regulatory pressures on safety and energy efficiency.
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    This article details how competition in the shipbuilding market is promoting firms to strive to be both market and energy efficient. The article relates to the economic concepts of market efficiency and theories of competition and monopoly. It also briefly relates to the concepts of externalities of production too, discussing measures imposed by governments like fuel sulphur limits.
Haydn W

Asda takes fight to discounters as sales fall - Telegraph - 2 views

  • Asda takes fight to discounters as sales fall
  • Asda’s chief executive has insisted that he is countering the rise of discount retailers Aldi and Lidl
  • Andy Clarke said recently-introduced price cuts had begun to pay off
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  • Despite this, Asda’s like-for-like revenues fell 0.1pc in the final three months of 2013 against the same quarter a year ago. This was the first fall since 2010, and means that three of the UK’s “Big Four” supermarkets saw declines in the period, with only J Sainsbury bucking the trend.
  • Asda announced a £1.3bn investment in cutting prices and improving quality in November
  • Asda’s market share declined from 17.6pc a year earlier to 17.1pc in the final quarter of the year, according to data from Kantar Worldpanel
  • Aldi and Lidl grew from a combined 5.8pc to 7.1pc.
  • Wal-Mart, the US giant behind Asda, also revealed a sales decline. The world’s biggest retailer said like-for-like sales fell 0.4pc in the quarter.
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    This article details the rise of so called 'budget supermarkets' Aldi and Lidl in the UK taking market share from the 'Big Four' supermarkets Asda, Tesco, Sainsbury's and Morrisons. The supermarket industry in the UK is a prime example of an oligopoly, I'd argue that there isn't perhaps a better example anywhere as this market features all the tell-tale signs; the four supermarkets often compete in price wars, especially Asda, the store mentioned here. Also the firms often collude and fix prices across the board together. The market, however is changing with other firms entering the market to provide cheaper alternatives to the ' Big Four' whom so many consumers have become disenfranchised with.
Amanda Anna G

Help-to-Buy: George Osborne makes major concession | Heather Stewart | Business | thegu... - 0 views

  • Subsidising high LTV mortgages in boom-bust UK housing market was political masterstroke – but economic madness
  • The centrepiece of this year's budget, Help to Buy was a political masterstroke, pumping up public confidence just as many potential buyers were thinking about returning to the estate agent's, and helping the government to claim credit for an upswing in the property market that had already been kicked off by the Funding for Lending Scheme.Economically, however, Help to Buy is madness, as the Treasury select committee, the International Monetary Fund and the outgoing governor of the Bank of England all lined up to say.
  • Offering taxpayer subsidies for high loan-to-value mortgages worth up to £600,000, just as the incorrigibly boom-bust British housing market is moving from stop-to-go mode, is at best risky, at worst, downright reckless.
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  • Initially, the Treasury's argument was that the scheme would help to spark a building boom, as the surge in demand for homes prompted developers to re-start long-stalled projects.Housebuilding has picked up modestly – but by common consent it remains well below the levels that would be required to keep prices stable.
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    The "Help to Buy" was a political masterstroke since, among other things, the government got help with the claim for a credit for an upswing in the property market, helping to spark a building boom. I think, the offering taxpayer subsidies, will help allocate resources in the free market since more will get willingly to pay for houses. But this is risky for the British housing market, since the levels that would be required to keep prices stable will remain below what is needed.
Haydn W

Mexican Central Bank Head Warns of Spillover Effects of Dramatic Monetary Policies - WS... - 0 views

  • SINTRA, Portugal—The head of Mexico's central bank said Tuesday that he supports the dramatic measures that central bankers in advanced economies have taken to stabilize their economies, but emerging markets must be mindful of the spillover effects these policies may have.
  • "The unconventional monetary policies have…established the ground for a recovery in economic activity," said Agustin Carstens, governor of Mexico's central bank
  • The inflows have led to higher exchange rates in emerging markets, Mr. Carstens said, weakening exports, as well as a compression of interest rates, leading to bubbles in some real-estate markets.
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  • One byproduct of these policies has been to pump new money into financial markets. Some of that money has found its way to emerging markets as investors sought higher-yielding assets.
  • "Authorities need to think about how they can spread, through time, the adjustment process,"
  • More broadly, emerging economies "shouldn't depend on advanced economies to generate growth," Mr. Carstens said.
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    Agustin Carstens, governor of the Central Bank of Mexico warns about the spillover affects into the developing world from advanced economies' banks' monetary policies. Money has found its way into emerging markets leading to higher exchange rates and weakening exports according to Carstens. This is a dangerous bubble that could be liable to burst should growth pick up soon. Overall this article provides an interesting insight into how one countries policy choices can have global consequences and how international economics really is.
Haydn W

The return of the US dollar | Mohamed El-Erian | Business | theguardian.com - 4 views

  • The return of the US dollar The resurgence of the US currency could be the first promising step in steering the world economy away from crisis
  • The US dollar is on the move. In the last four months alone, it has soared by more than 7% compared with a basket of more than a dozen global currencies, and by even more against the euro and the Japanese yen.
  • Two major factors are currently working in the dollar’s favour
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  • Second, after a period of alignment, the monetary policies of these three large and systemically important economies are diverging, taking the world economy from a multi-speed trajectory to a multi-track one.
  • First, the United States is consistently outperforming Europe and Japan in terms of economic growth and dynamism – and will likely continue to do so – owing not only to its economic flexibility and entrepreneurial energy, but also to its more decisive policy action since the start of the global financial crisis.
  • With higher US market interest rates attracting additional capital inflows and pushing the dollar even higher, the currency’s revaluation would appear to be just what the doctor ordered when it comes to catalysing a long-awaited global rebalancing – one that promotes stronger growth and mitigates deflation risk in Europe and Japan.
  • ECB President Mario Draghi signalled a willingness to expand his institution’s balance sheet by a massive €1 trillion ($1.25 trillion).
  • Furthermore, sudden large currency moves tend to translate into financial-market instability.
  • There is also the risk that, given the role of the ECB and the Bank of Japan in shaping their currencies’ performance, such a shift could be characterized as a “currency war” in the US Congress, prompting a retaliatory policy response.
  • Today, many of these countries have adopted more flexible exchange-rate regimes, and quite a few retain adequate reserve holdings.
  • an appreciating dollar improves the price competitiveness of European and Japanese companies in the US and other markets
  • But a new issue risks bringing about a similarly problematic outcome: By repeatedly repressing financial-market volatility over the last few years, central-bank policies have inadvertently encouraged excessive risk-taking, which has pushed many financial-asset prices higher than economic fundamentals warrant.
  • This is not to say that the currency re-alignment that is currently underway is necessarily a problematic development; on the contrary, it has the potential to boost the global economy by supporting the recovery of some of its most challenged components. But the only way to take advantage of the re-alignment’s benefits, without experiencing serious economic disruptions and financial-market volatility, is to introduce complementary growth-enhancing policy adjustments, such as accelerating structural reforms, balancing aggregate demand, and reducing or eliminating debt overhangs.
  • The US dollar’s resurgence, while promising, is only a first step. It is up to governments to ensure that the ongoing currency re-alignment supports a balanced, stable, and sustainable economic recovery. Otherwise, they may find themselves again in the unpleasant business of mitigating financial instability.
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    This article details the so called resurgence of the US dollar, in terms of currency value. The currency itself has risen by around 7% against other currencies but Guardian economist Mohamed El-Erian warns that without the appropriate accompanying central bank policies, the rise of the dollar could cause further market volatility and at worst a new crash. El-Erian calls for governments to enact policy to support balance the current currency realignment. 
Amanda Anna G

Foreign exchange fines: banks handed £2.6bn in penalties for market rigging |... - 3 views

  • The corruption of the world’s biggest currency dealers was laid bare on Wednesday when regulators imposed £2.6bn of fines on six major banks for rigging the £3.5tn-a-day foreign exchange markets.
  • Two UK and US regulators said they had found a “free for all culture” rife on trading floors which allowed the markets to be rigged for five years, from January 2008 to October 2013.
  • The chancellor, George Osborne, said: “Today we take tough action to clean up corruption by a few so that we have a financial system that works for everyone. It’s part of a long-term plan that is fixing what went wrong in Britain’s banks and our economy.”
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    Regulators have imposed fines on six major banks for rigging foreign exchange markets. George Osborne argues that action have been taken in order to clean up corruption so there will be a financial system that works for everyone. 
Haydn W

Comcast-Time Warner Cable: How a monopoly can get even worse for you - latimes.com - 1 views

  • Comcast's $45-billion offer for Time Warner Cable, a deal that will cement Comcast's position as the dominant cable operator in America.
  • The idea is that already the cable industry is a web of monopolies -- no neighborhood in the country has more than one cable operator to choose from.
  • the merger "will in effect turn two medium-size regional monopolists into a big sprawling monopolist.
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  • Comcast CEO Brian Roberts tried to finesse the issue Thursday by arguing that the deal "does not reduce competition in any market or in any way,"
  • But the ramifications of the cable monopoly go beyond mere access to channels on your set-top box. As we observed back in August, the more damaging consequence of the cable monopoly is in broadband Internet access, where the power of the cable firms' monopolies is magnified by the lack of practical alternatives to their Internet services.
  • n general, the U.S. has the lowest connection speeds and the highest prices in the developed world. The New America Foundation serveyed the world in 2012 to determine what customers could get for the equivalent of $35 a month. In Hong Kong, they could download from the Internet at 500 megabits per second (a half a gigabit); in Tokyo 200 Mbps; in Seoul, Paris, Bucharest (Romania) and Berlin 100. In Los Angeles, 10. Los Angeles is a Time Warner Cable monopoly.
  • The constraint here isn't technological, but commercial. Our fat and secure cable monopolies simply don't feel competitive pressure to provide customers with the fastest speeds at reasonable, affordable rates.
  • We need more competition, not less; and allowing Comcast and Time Warner Cable to merge means much, much less.
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    This article discusses the ramifications of the Comcast - Time Warner Cable merger in America. The two biggest internet and cable providers in the country are set to merge effectively creating one monopoly firm. The market has the charactersists of a monopoly in the fact that new firms can not really enter, even huge phone providers like Verizon and Sprint are having to stop rolling out fibre optic broadband, meaning internet speeds for there customers are set to remain slow. The cable industry is often a typical example of a monopolistic market and it looks set to stay this way. 
Marenne M

Regulating the petrol oligopoly - The Express Tribune - 1 views

  • In theory, petrol prices in Pakistan are deregulated, but in practice, the government still has considerable sway over oil pricing. This is because of the unusual structure of the oil marketing industry, which has fewer than a dozen national players, and the largest company in the industry is a state-owned entity that controls over two-thirds of the market.
  • It is also a market that sells a necessary product where many of the suppliers can often have local monopolies or oligopolies. In short, it is ripe for market manipulation, unless the government acts to control such activity.
  • What is the point of having a regulatory authority if it does not have the power to levy punishments for those who violate the law?
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  • ensure a level playing field and fair play
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    The article is about regulating the petrol oligopoly in Pakistan. It argues that the petrol-firms under oligopoly set their own high prices, and the government is deregulating the prices but the prices are still too high. 
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    Oligopolies contain firms that operate at a profit maximizing level and that in the short run can have burst of price changes. These changes in prices are due to an instant attempt at increasing the market share, however this leads to issues for other firms as well as consumers. In order for this to be prevented, government regulation is an option. This article describes how instead of regulating the industry the government is operating it, and what problems this causes
Yassine G

The End Of Elastic Oil - Forbes - 1 views

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    This is a very interesting article that really helps understand this topic in depth and with real examples. Oil market is one of the largest in the world, this article talks about elasticity of demand and supply in this market. There is an explanation on the effects of different factors that determine the elasticity and what they do for this market. 
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    Although there are discovered new sources of oil (e.g. in Saudi Arabia), the suppliers have to drill deeper which is time-consuming and therefore the costs of production rise. 'In economic terms, the oil supply is becoming less elastic as new oil supplies come increasingly from unconventional oil.'
Haydn W

EU, China Reach Tentative Deal to End Telecom Equipment Tariff Threat - WSJ - 3 views

  • The European Union and China have reached a tentative deal that will end the threat of punitive import tariffs on Chinese telecommunications equipment makers
  • Chinese Minister of Commerce Gao Hucheng and the EU Trade Commissioner Karel De Gucht are expected to meet in Brussels on Oct. 18 after the Asia-Europe summit meeting in Milan to complete the agreement, an EU official said.
  • The agreement would sweep away the cloud of tariffs that has been hanging in particular over Huawei, which has become a major supplier of equipment to European telecommunications companies.
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  • The European Commission, the EU’s executive arm, in 2013 said it was ready to start investigations into imports of mobile telecommunications equipment made by Huawei and ZTE, claiming the two companies received unfair subsidies from the Chinese government and were “dumping” their products onto the EU market at rock-bottom prices.
  • The agreement will create an entity to review the market-share of Chinese equipment manufacturers in the EU and European companies
  • China has also committed to further discussions on the hefty loans and loan guarantees that the government gives to Huawei and ZTE to finance their exports, mostly to the developing world, the official said.
  • That represents a modest victory for the EU in an area that is highly sensitive for the Chinese government.
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    The European Union have reached an agreement with China to end the threat of EU tariffs on Chinese telecommunications equipment. The tariff was going to be imposed as a form of protectionism to protect the European manufactures Ericsson, Nokia and Alcatel against the Chinese firms Huawei and ZTE. The Chinese firms are able to produce equipment cheaper than the European firms, due to more abundant natural resources, but also, crucially through subsidies from the Beijing government. The deal reached on October 9th, sees the Chinese companies granted a share of the market, but not access to it fully, as this is reserved for the European firms, to protect EU economic growth in such a tempestuous time, showing that, forms of protectionism still exist in the market, despite this agreement.
Haydn W

IMF warns UK of lingering housing and mortgage market risks - Business News - Business ... - 3 views

  • IMF warns UK of lingering housing and mortgage market risks
  • The UK faces lingering risks from housing and mortgage markets despite remaining on track for the fastest growth among the world’s leading economies this year, the International Monetary Fund said today.
  • has pencilled in growth of 3.2% this year — unchanged from its last July update despite a slew of downgrades for several members of the stagnating eurozone.
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  • This is the highest rate forecast among advanced economies, although the IMF has trimmed global forecasts amid fears over a “weak and uneven” recovery in Europe and parts of Asia.
  • The body, led by Christine Lagarde, said the “US and the UK in particular are leaving the financial crisis behind”
  • The Bank of England has identified the housing market as a “blinking warning light” on the economy’s dashboard following the introduction of the Help to Buy scheme last year
  • In June it introduced limits on high loan-to-income home loans to prevent borrowers over-extending themselves, while tighter mortgage lending criteria are slowing runaway prices.
  • The Bank’s latest credit conditions survey found a “significant” fall in the availability of home loans in the past three months after eight successive quarters of expansion.
  • The IMF also warned that more measures such as tax incentives and freeing up land were necessary to improve the rate of housebuilding and keep a lid on runaway house prices.
  • “Supply-side measures are crucial to safeguard housing affordability and mitigate financial stability risks,” it added.
  • Household debt levels remain high at 140% of GDP and, if the Bank’s limits on the lending market fail to gain traction, it may be forced to raise interest rates instead
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    This article from the London Evening Standard details how the IMF have warned the UK government over remaining household debt and the dangers it poses to the economy. The IMF have also called for 'supply side measures... to safeguard housing affordability' - a growing problem in both London and the UK as a whole.
Jakub B

Why do economists describe climate change as a 'market failure'? - 0 views

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    When free markets do not maximise society's welfare, they are said to 'fail' and policy intervention may be needed to correct them. Many economists have described climate change as an example of a market failure - though in fact a number of distinct market failures have been identified.
Amanda Anna G

U.S. be warned: Default would cause global crisis - CNN.com - 0 views

  • The impact of default could be catastrophic, and not just economically. As Secretary of State John Kerry asserts, this would send a message "of political silliness" that we "can't get our own act together" so we need to "get back on a track the world will respect."
  • As the U.S. partial government shutdown continues into almost a third week, the stakes are growing
  • This builds on earlier studies by the organization, including in 2011-12 which highlighted "intensified speculation about America's long-term stability," partly as a result of the downgrade by Standard & Poor's of the country's credit rating. This was prompted by the last near debt default of Washington in 2011.
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  • Then, as now, however, the country retains attractive qualities for many foreigners, including its popular culture and economic innovation.
  • And the fact remains that, in times of major urgency, Washington can transcend partisan divisions and work in the national interest.
  • This was demonstrated, for instance, during the 2008-9 financial crisis when Congress and the administration acted more swiftly and comprehensively than many other countries to counteract the worst economic turmoil since at least the 1930s. This has been key in enabling the country to recover more quickly from recession than some other areas of the world. While current problems should therefore be put into context, the situation is nonetheless troubling. And this is not the first time this year that a Washington political impasse has threatened negative economic repercussions
  • Only at the 11th hour did Congress in January agree a deal to prevent the U.S. falling off the "fiscal cliff." It is estimated that the automatic tax increases and spending cuts might well have taken the U.S. economy back into recession.
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    This article relates to equilibrium and price mechanism because it describes changes in impacts of the market. Stakes are growing, there are "intensified speculation about America's long-term stability" due to a downgrade in the country's credit rating, and an unstable state at the "fiscal cliff". These worries and a political impasse in Washington are some impacts that has threatened negative economic repercussions in the US, moving the market equilibrium. In response to changes in price, resources are allocated and re-allocated. However, profits are still able to be made making the equilibrium more stable without excess demand and supply, due to that the US has its popular culture and economic innovation, helping the country to retain attractive qualities for many foreigners.
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    I think this is a very serious matter, that could affect the world's over all economy if it goes on for a while. We can see that obviously a majority of the world's largest companies are american and based in america. If this effects any of those companies, the market they operate at will see a big change, both in the good way and the bad one.
Yassine G

SC: Gas price war between GAIL and GSPCL to be decided by arbitration - Economic Times - 0 views

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    this article talks about the price mechanism and influence on the price that could be caused by two corporations which are very strong on this market. both industires have impact on price and the dispute should be resolved by the supreme court.
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    This article gives us an idea on how prices of some necessities are set. In this case two of the biggest companies in the oil market in their area are having some disagreements on what the price should be. Since they have a big share of the market, they act like a monopoly. the supreme court intervention was required to help settle this dispute.
John B

William Easterly: Singing About Fighting Poverty, Slightly Off-Key - WSJ - WSJ - 1 views

  • The progress against poverty in China is obvious, but whether China's government deserves to be held up as a development model is not so clear. For instance, who gets to decide whether mainland Chinese citizens should be content with improved standards of living and so few protections against the frequent violations of their rights by their own government?
  • Extreme poverty in China has been reduced over the past few decades precisely because Beijing permitted the freedoms of a market economy to infiltrate a communism-blighted society. If the regime's repression now worsens, count on the end of the country's high growth rates.
  • Yet freedom is arguably central: first, as an end that people want for themselves, and, second, as the most well-proven path to escaping poverty. Consider among others North America, most of Europe, Australia, New Zealand, Japan, South Korea, Taiwan and Chile, where the answer to poverty was economic and political freedom.
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    In this article, the author discuss the affects of the actions of the government in China. It is a modern topic today due to the demonstrations being held in Hong Kong. The authors mentions that the statement about entering a democracy, and then pulling back on the decision means that they were on the right track to get the market more free from the government, hence less poverty, but now he thinks it is gonna worsen the economical conditions. A free market has saved many economies, why should China still not give in for the human rights and improve their economy?
John B

A Fair, Free Market Or The Copyright Monopoly? - Falkvinge on Infopolicy - 0 views

  • The copyright industry likes to pretend that making copies is somehow “stealing” and that on a fair and free market, everybody would be forced to buy from them.
  • the copyright industry deliberately confuses the goods that they offer for sale with the service of duplication, which is a completely different kind of offering. The service of duplication is what’s on an immoral, anachronistic monopoly, not the goods themselves.
  • In my world, and in a fair and free market, any entrepreneur or executive that claims a moral right to prohibit others by law from competing with them can fuck off and die.
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    this article wants to tell us that the copyright monopoly is something bad. That it slows down the development in the future. Personally, I would say that this article is not thought through since it is contradicting and use language like "can fuck off and die". The writer aims a lot on the right of duplicating, and that copyright monopoly stands in its way for that. I would say that duplicating something that a company has put a lot of money and time on, would not be morally right, because the one that is duplicating it will spend a very little fortune and time on doing this compared to the real producers. It is actually a pretty bad article, it feels like the writer tries to promote the duplication right of copying movies, programs, etc. and then share it on for example pirate bay.
Marenne M

Rice Subsidy in Thailand causes Debt - 0 views

  • drop its multibillion-dollar rice subsidy program and scale back
  • make room for spending on projects that enhance growth
  • stimulate spending in rural areas and support Thai farmers
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  • government buys rice from local farmers for a set price above market rates
  • “It is inevitable for the government to incur losses as long as the scheme remains unchanged,” the IMF said.
  • The subsidy program left Ms. Yingluck’s administration with a big bill and millions of tons of unsold rice
  • egan buying rice at premiums of 35%-50% above market rates
  • isplacing Thailand from its perch as the world’s biggest rice exporter
  • eopardize a government commitment to balance the budget by 2017 and keep public debt below 50% of GDP
  • Thai authorities said the subsidy aims to address economic inequality and help poor farmers improve productivity
  • suggested that a reduction in the pledging prices or limits on the amount of purchase might be needed to ensure the sustainability of the policy
  • For the third subsidy year, which began last month, the government made some minor moves to scale back the subsidy
  • ay around $8.6 billion on the subsidy for 2013-‘14
  • hat losses from the subsidy could threaten Thailand’s credit rating
  • 5 million tons of rice in its stockpiles
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    This article describes how the government is trying to stimulate the rice market in Thailand by buying rice and placing subsidies on it. These major investments, however, are causing debt for the government, and prevent the government from investing in other projects.
Amanda Anna G

Macroeconomic challenges no longer constitute risks - Finance Ministry - The Malta Inde... - 2 views

  • The Ministry for Finance notes with satisfaction that the European Commission considers that, compared to the last year, the macroeconomic challenges in Malta no longer constitute macroeconomic risks.
  • “the macroeconomic challenges in Malta no longer constitute substantial macroeconomic risks and are no longer identified as imbalances in the sense of the Macroeconomic Imbalance Procedure (MIP). It further notes that “risks to the sustainability of private and public sector debt and the stability of the financial sector appear contained. “
  • The Ministry also welcomes the Commission’s conclusions that “as regards public finances, Malta is expected to meet its nominal deficit targets in 2013 and 2014.”
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  • “the housing market has stabilised and thus risks arising from over-exposure to property are limited”; that “private debt is on the decrease”; that “the corporate deleveraging is taking place in an orderly manner and credit market pressures are limited.”
  • “trade performance has been positive” and that “the current account balance is in surplus." In particular the Commission also noted that "the export performance of the Maltese economy has been successful".
  • “The report, unlike the one published last year, is confirming that across various fronts, the Maltese economy and public finances are getting in good shape and are meeting the ambitious targets set by the Maltese Government,”
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    This article is about the economy in Malta. The macroeconomic challenges Malta have been facing are now no longer risks and imbalances in the economy. This is due to, among others, that the housing market has stabilized and the private dept is on the decrease. 
Amanda Anna G

Revenues rise at shopping mall firm | Herald Scotland - 0 views

  • The Scottish company said that gross revenue for the year increased 22.2% to £36.8 million, up from £30.1m in 2012 while net ­revenue was up 5.3%, or £700,000, at £13.8m.
  • Spaceandpeople said it had managed to expand its client base, adding the likes of St Pancras International station in London, while also increasing sales among existing customers in its core markets of the UK and Germany.
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    Firms in the UK and Germany have experienced revenue rise in its core markets. The analysts at Edison Investment Research say that there will continue being increasing business levels from existing clients.
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