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Home/ Andy's PJE 2013-15 SL Economics class/ Group items tagged profit

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Yuqi Y

Sinopec profit rises as fuel price controls eased - 0 views

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    Sinopec profit raises directly link to the relaxation of fuel price controls. Sinopec is a government control company, which controls a great deal of the lucrative oil market. When the government eased the fuel price control, it meant that the price could be increased by the oligopoly. This allowed greater margin of profits, which will benefit Sinopec and the government in terms of taxes. The problem is that when price of fuel which is an essential inelastic commodity increases, the inflation will increase for the average consumer. The consumer will have to pay more his daily consumption, which will affect the prices of the goods and services that he is selling.
Jonah B

Venezuela Faces Shortages in Grocery Staples - 0 views

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    The following article discusses how the strict price controls set in the Venezuela are causing more harm then benefit. The ceiling prices are set so low that producers cannot make a profit anymore, causing a reduction of production but an increase in demand. This is causing a crisis in Venezuela where people struggle to purchase the goods which are being produced less and less due to the price controls.
Kevin K

Week 4.2 - Blackberry to cut 4,500 jobs amid earnings plunge. - 0 views

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    This talks about Blackberry letting go of 40% of its workforce due to its anticipated $1 billion plunge in profits. Blackberry's share price has also dropped 17%. This was all mainly due to competition from others like Apple and Samsung, and also from its customers sticking to earlier phone models of the brand.
Kidus M

Ethiopia Sells Cooking Oil, Sugar to Correct 'Market Failure' - 4 views

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    This article is about the recent market failure indication in my country, citizens waiting for hours in the sun just to buy basic commodities like oil and sugar. this is due to business trying to over profit from these markets. the government tried to put price ceilings on these products however it lead to artificial shortages of the products in the market.
Kidus M

TNT express posts 25% drop in net profit - 1 views

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    this article shows how the challenges in the market decrease revenues in some companies.
Tom Zierbock

Fixed rates - 1 views

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    Foreign currency markets have always been a popular trading ground. However, towards the end of summer the picture looked oblique since volatility in exchange rates (rate of fluctuation in price) has been dropping, something that means less profits for traders. New regulations and restrictions as well as additional attention on the currency markets by regulators seems to be one of the causes for this. More over, low interest rates due to the recent crisis mean that currencies are not experiencing much change and have essentially flat lined. Most floating exchange rates appear to me fixed. This means lost revenue to banks and traders dealing in these markets.
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