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Amanda Anna G

Merging firm identified | BusinessWorld Online - 0 views

  • NEXTSTAGE, Inc. is set to merge with a local vodka firm, the listed company said
  • RAISING VALUE It said implementation of the merger, seen to take place within this quarter, should help lift NextStage’s overall value
  • “The merger of NextStage and VuQo would provide a platform to raise capital to achieve the objectives of the business to create a high-potential export product from the Philippines for the world market,
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  • NextStage said that, on VuQo’s part, “[t]his opportunity reinforces VuQo’s business portfolio and solidifies positive strategic synergy that will create and promote more business opportunities geared towards increasing overall value of VuQo.”
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    This article is about when a large firm- NextStage decides to merge with another firm. The merger should help lift the firm's value. The firm and the other firm- VuQo would provide a platform to raise capital and then be able to create a high-potential export product from the Philippines. Also, the merge will benefit for VuQo's part since it brings positive strategic synergy that will create more business opportunities and hence might increase the value of VuQo.
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. 
Haydn W

What are multinationals doing to champion rights of millions trapped in modern-day slav... - 0 views

  • What are multinationals doing to champion rights of millions trapped in modern-day slavery?
  • With almost 21 million people working in forced labour conditions in the global economy, companies are being made to clean up their act
  • In a world of complex supply chains, migrant workers, sub-suppliers and a constant squeeze on costs, corporate leaders and their stakeholders are keenly aware of the risk of labour exploitation.
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  • No industry or region is fully insulated from the social deficit which has emerged from the rise of the modern global economy.
  • Given the influence and impact that multinational corporations have, there is significant scope for corporate leaders to champion reform and action in this area.
  • However, the ILO estimates that 44% of those working in forced labour are also victims of trafficking (pdf).
  • The fight to eradicate the scourge of forced and child labour, sometimes referred to as modern-day slavery, has re-emerged as a defining issue in this century
  • The International Labour Organization (ILO) estimates that almost 21 million people are currently working in some form of forced labour, with 14.2 million in economic activities such as agriculture, construction, domestic work or manufacturing (pdf).
  • Beginning in California in 2012, following effective campaigning and lobbying to then-governor Arnold Schwarzenegger, mandatory corporate disclosure of a company’s non-financial activities has been on the rise.
  • From US President Obama’s executive order on trafficking and federal procurement, to the UK Modern Slavery Bill’s recent amendment to include supply chain disclosure provisions, to the EU’s adoption of a non-financial reporting directive, compulsory transparency around global corporate practices – including human rights, labour and social impacts and policies – is the latest tool being employed by legislators to place social expectations on corporations.
  • multinational corporations have grown significantly in terms of size, assets, resource control and revenue, not to mention societal influence.
  • This growth has been accompanied by growing expectations by society and government.
  • It is, of course, critical to recognise that the global corporate supply chain can be a force for good.
  • However, with their multiple levels of subcontracting, particularly throughout impoverished regions where labour laws are non-existent or not enforced, global labour and product supply chains also provide fertile ground for inhumane practices and working conditions.
  • The United States Department of Labor, for example, has produced a list of 136 goods produced in 74 countries using forced labour, child labour, or both.
  • Many leading companies already understand that their strategies shape the lives of millions. The most forward-thinking believe that business is an integral pillar of society and recognise that the people they rely on at home and abroad are central to building sustainable and lasting businesses.
  • And since mandatory disclosure requires all multinationals to take notice and action rather than just the industry leaders, this ultimately helps level the playing field.
  • Some believe supply chain transparency laws do not constitute any real change from the prevailing corporate-driven model for CSR, while others oppose increased regulation and oversight as unnecessary state intervention, believing that industry led efforts have the best chance of success.
  • it is a combination of corporate leadership and regulation in this area which will help ensure all market participants rise to acceptable standards.
  • The trend away from voluntary reports towards mandatory social reporting for global corporations is here to stay and may represent a first step towards increased legislative requirements
  • No matter where one believes the solutions lie, the ultimate goal is a global economy free from forced labour, trafficking and other abuses. For the millions of victims who go out into the world seeking work in the hope of building better lives, we must commit to seeking the best path forward.
Yassine G

BBC News - Four merged 'super colleges' launch - 1 views

  • the mergers could save £50m a year.
  • will provide a real stimulus for economic growth
  • In the short term, the changes will have a limited impact
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    This article is about colleges merge ring. you can see that it is very similar to businesses merge ring. The cost will be cut and performance will be better. The article also shows that the impact i the short run will not be big, however, it i will start to show in the long run. this is exactly the case with any other merger of any type of business. 
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.
Yassine G

Letter: Walmart is a market failure with many 'negative externalities' - 1 views

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    Walmart is considered to be the business number one in the world, in terms of revenue. However, from this article you can clearly see how their behavior towards stakeholders is really unethical. Many other articles also talk about how they treat their employees. This makes it clear that there is a negative externalize involved with this business. 
Yassine G

RealClearMarkets - The Federal Government's Increasing Tax Impact On the Private Sector - 0 views

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    this article is very interesting. It illustrates how the government could affect the private business. This could be by imposing taxes on them. This article is talking about the American Federal government. In this case, the government is imposing more and more taxes which is increasing the cost on businesses. This affects negatively their ability to supply and global combativeness. What i also liked about the article, is the amount of measured data it contains. there are many numbers that help you understand what happened and what will happen.
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.
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.
John B

Venezuela businesses brace for more price controls - 0 views

  • Jorge Botti, president of Fedecamaras, said the Law for Fair Costs and Prices will spook investors looking for wider profit margins and cause shortages of basic goods because makers of numerous products will likely scale back production.
  • He said sweeping price regulations applied to goods and services in every area of Venezuela’s economy will inevitably hurt businesses already struggling with socialist-orientated policies established by President Hugo Chavez.
  • While price controls already exist for some basic foods such as cooking oil and rice, the law taking effect Tuesday will extend them to a wider range of goods and give the government more enforcement authority.
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  • Officials will initially focus on setting price controls for food, personal hygiene and home cleaning products, construction materials, automobile parts, medicines and health care services before moving on to other areas of the economy, Granadillo said.
  • Luis Vicente Leon, director of the Venezuelan polling firm Datanalisis, which tracks the availability of basic goods and consumer prices, predicted the law won’t tame inflation and cause shortages of some goods.
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    This article is about trying to bring down the inflation by imposing price controls for food, personal hygiene, home cleaning products, construction materials, automobile parts, medicines and health care services. I personally did not like this article since there were very little explanation of why things would occur. It was just stated one person thinks this will be a good idea, and another person thinks it is a bad idea. Nothing about why they think so.
Haydn W

Fossil fuel subsidies 'killing UK's low-carbon future' | Environment | The Guardian - 0 views

  • Fossil fuel subsidies 'killing UK's low-carbon future'
  • despite commitments to cut carbon emissions and reduce "perverse" fossil fuel subsidies.
  • Britain is "shooting itself in the foot" by subsidising its coal, oil and gas industries by $4.2bn (£2.6bn) a year even as government reviews the "green levies" on energy bills which support energy efficiency and renewable power, according to a report published on Thursday.
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  • The figures from the Overseas Development Institute suggest that Britain is now the world's fifth largest subsidiser of fossil fuels
  • For every $1 spent to support renewable energy, another $6 were spent on fossil fuel subsidies
  • In 2011, the latest year for which data is available, Britain gave tax breaks of £280m to oil and gas producers and reduced VAT on fossil fuels by several billion pounds
  • Rich countries have committed to phase out "inefficient" fossil fuel subsidies but the ODI figures, drawn from the International energy agency, OECD and other sources, suggest global subsidies to fossil fuel producers totalled $523bn a year in 2011 – dwarfing subsidies to renewable energies.
  • £2.6bn yearly incentive favours investment in carbon at the expense of green energy, says thinktank
  • In effect, each of the 11.6bn tonnes of carbon emitted from the top 11 developed countries comes with an average subsidy of $7 a tonne – around $112 for every adult
  • The figures have been released as ministers prepare to go to Poland for the deadlocked UN climate talks and as uncertainty surrounds the future of government-mandated levies on energy bills that support fuel poverty schemes and renewable energy.
  • G20 governments accepted in 2009 that fossil fuel subsidies encourage wasteful consumption, reduce energy security, and undermine efforts to deal with the threat of climate change.
  • The report said: "Investors are being sent the wrong signals on two fronts as carbon prices decline and fossil fuel subsidies increase."
  • The report argues that fossil fuel subsidies also fail in one of their core stated objectives, which is to to benefit the poorest.
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    This article describes how the UK government is heavily subsidising fossil fuel producers instead of prioritising and investing money in renewable sources of energy. Although it is essential to keep crude oil and fossil fuel prices low, as they are essential to many businesses, consumers and indeed the country itself, the G20, of which the UK is part of, has made a commitment to phasing out fossil fuels in favour of greener and more sustainable energy sources. 
Yassine G

Economic divide: London's growth set to outpace the rest of the country | Business | th... - 0 views

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    This article shows how one city could be responsible for the growth of a whole country. The growth in london is mostly due to big economic activity as money is constantly being invested and injected, the circular flow is also very fast. 
Haydn W

Ukraine Uncertainty Depressing Growth and Investment | The Moscow Times - 5 views

  • As world leaders increase or trash their political clout depending on their audience and the statements they make about the situation in the Ukraine, some analysts were revising Russian GDP growth estimates to as low as 1.1 percent for the year.
  • Wednesday was a calmer day on the stock markets, following a dip of 10.8 percent Monday morning that vaporized near $60 billion of valuation from Russian companies.
  • Although Russia has seen some short-term budget benefits from ruble devaluation and increasing oil prices, the current impasse is not helping to fight stagnation or attract investment.
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  • The ruble strengthened slightly to 36 against the dollar and 49.4 against the euro Wednesday evening. This was well above the lows reached on Monday
  • Tightening fiscal policy was topped by possibly impending U.S. sanctions, including economic ones, followed by President Vladimir Putin's claims that Russia may use force in Ukraine if necessary.
  • The heap of these latest events has caused some analysts to revise their overall economy forecasts.
  • PSB Research said Wednesday it would decrease its initially modest GDP growth estimates for the year from the range of 1.5 to 1.8 percent to 1.1 to 1.3 percent.
  • Political standoff will also further stimulate the outflow of capital, Fedotkova said, as investors are reluctant to channel their money into the country that may be possibly involved in any kind of military activity
  • As for businesses, a recent survey done by the Gaidar Institute suggests that more than a third of CEOs and owners of private companies would consider investing in production this year if the price for equipment went down and if the macroeconomic outlook were more certain, Vedomosti reported Monday. At the same time macroeconomic uncertainty was a headache for only 10 percent of surveyed state-controlled companies. No margin of error was given for the survey.
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    This article explains how the recent stand-off crisis in Ukraine is having a negative effect on the Russian economy, with the Rouble taking a further fall and GDP growth estimates being revised downwards. Predictably sanctions imposed by the west on Russia in response to the occupation of Crimea, an autonomous region of Ukraine populated largely by ethnic Russians, have affected businesses in Russia. We learn from the article that some $60 billion valuation has been lost by Russian companies in light of the tensions. This article relates to the macroeconomic concept of circular flow being a complex process with international trade and governments being involved majorly in proceedings.
Haydn W

BBC News - US and EU 'make progress' in free trade area talks - 2 views

  • US and EU 'make progress' in free trade area talks
  • Officials from the United States and the European Union say they have made progress as they seek to sweep away trade barriers.
  • If successful an agreement would create the world's biggest free trade zone.
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  • They are trying to do that by eliminating tariffs (taxes on imported goods) and removing what Mr Mullaney called "non-tariff obstacles".
  • Mullaney said they have "progressed from discussing general approaches to the spadework of reviewing the many proposals that each side has put on the table."
  • The planned agreement is known as the Trans-Atlantic Trade and Investment Partnership or TTIP.
  • But while trade officials get on with detail, some of the general principles continue to generate vocal opposition.
  • Perhaps the most controversial area is the provision for foreign investors to go to an international tribunal for compensation if a government breaks the rules in a way that harms the company's interests.
  • he opposition to this idea has been taken up by the German government, so it remains uncertain whether it would appear in any final agreement.
  • Other critics are concerned that an agreement will drive down standards of consumer protection and food safety and will cost jobs.
  • They also complain that the texts that negotiators are working on are not made public.
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    Talks are taking place between the EU and the USA to create the worlds biggest free trade area. In many goods the US is seen to have an absolute advantage in producing many goods but they also rely on European countries to provide many components to US businesses. This trade deal, although opposed by Unions and other activitists is seen by many to be vastly beneficial to the two parties.
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. 
Haydn W

BBC News - Royal Mail 'confident' after revenues rise - 0 views

  • Royal Mail 'confident' after revenues rise
  • Royal Mail has said it is "confident" about hitting its targets after posting a 2% rise in like-for-like revenues in the nine months to 29 December.
  • Parcel deliveries accounted for 51% of revenues, and chief executive Moya Greene said the firm handled 115 million parcels in December.
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  • The postal service was privatised in October 2013.
  • Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said the update was "perfectly acceptable".
  • She said the company's European parcels business was doing well after exploiting "growth opportunities in the eurozone". Letter revenue fell by 3% on a like-for-like basis, the company said, as the impact of London 2012 collectable stamp sales waned.
  • Shares in Royal Mail closed down 2.6% at 572.5p, against a flotation price in October of 330p-a-share.
  • Mr Hunter said Royal Mail's shares had had a "very strong run" since October but that it may struggle to make "further meaningful progress" in the shorter term. The company was "simply a hold" for investors, he said.
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    This article from the BBC News website details how Royal Mail, the recently privatised public service has seen a 2% increase in revenues. Th controversial move triggered widespread uproar from opponents and share prices rose rapidly above the target when the company was floated in October 2013. This article shows that despite the move the firm has continued to make money and appears to be in no immediate danger.
Daniel B

Economies of scale in the shipping business - 3 views

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    The trade on the route Europe-Asia depends mainly on shipping. The biggest corporation is Eleonora Maersk. In this article it was highlighted that only big companies take advantages of economies of scale in this business and small ones could quite their entrepreneuers in the future.
Hardy Hewson

UK Economy to hit Pre-recession Peak by Summer - 0 views

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    The attached article concerns the apparent recovery of the British economy according to the business lobby group 'British Chambers of Commerce'. They forecast economic growth to reach 2.8% this year (a rise of 0.1% from previous forecasts). This is extremely pertinent given the imminent announcement of the new government budget on March 19th.
Aleksi B

Spain unemployment to take 10 years to recover - report - RT Business - 1 views

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    In this article stated that Spain's largest bank made a claim saying the unemployment will take over a decade just to fix. Spain are in a large amount of debt as they rose from last year and the Spanish research and development spending is 70% below the EU level
Haydn W

Japan's consumer inflation set to reach five-year high | World news | The Guardian - 0 views

  • Country sees core consumer prices soar as sales tax hike forms part of PM Shinzo Abe's plan for reviving moribund economy
  • Core consumer prices in Tokyo, a leading indicator of nationwide inflation, appear to have risen by the largest amount for 22 years in April after an increase in Japan's sales tax drove up prices
  • The poll also suggested the headline figure for Japan's nationwide consumer inflation may have reached a five-year high in March
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  • Higher inflation is a key aim of the economic policies of the country's prime minister, Shinzo Abe, who was elected in 2012
  • Japanese consumer prices are expected to keep showing steady headway towards the Bank of Japan's 2% inflation target. But the erosion of consumer spending power due to the sales tax increase – to 8% from 5% – underlines the need for long-stagnant wages to catch up with inflation to underpin consumption and help economic recovery.
  • The core consumer price index for Tokyo, available a month before the nationwide data, is likely to have increased 2.8% in April from a year earlier
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    Japan's inflation rate continues to rise according to this article from the Guardian. Prime minister Shinzo Abe aims to boost the inflation rate in the country to an approximate 2% level but, as typical with many countries, wages have not caught up with these levels and thus consumer spending power has been reduced drastically. Other interesting things to note are the rise in electricity and gas prices contributing to the increased CPI data.
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