Financial Blog Corliss Group: 'Visitors from Hong Kong top spenders at Indian hotels' - 1 views
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Corliss Group Online Financial Mag, Thai Tourism Hurt as Protests Mean Lunar New Year T... - 1 views
Thai anti-government protests that have shut down parts of Bangkok may cost the nation's tourism industry as Chinese visitors cancel trips during the lunar new year holiday that starts this week. ...
Corliss Group Online Financial Mag Hong Kong Reading Spain's economy through art sales - 1 views
Corliss Group Online Financial Mag Hong Kong Reading Spain's Economy Through Art Sales Spain's art world was whiplashed by the country's bubbly rise and quick collapse. Signs of the trauma linger ...
Hong Kong forecasts fastest economic growth in 3 years - 1 views
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Spotify user numbers grow globally as company's UK revenue falls - 0 views
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Gerald Hussen on 19 Dec 13Spotify UK drop into the red last year, since subscription revenue fell and the music streaming service invested more in growth here. When compared to 2011's profit of £21 million, accounts reveal Spotify's British arm made a loss of £10.1 million in 2012. Down from £96.5 million a year earlier in 2012 it fell to £92.6 million, the online music streaming platform saw this revenue fall. The decrease in revenue was partially down to its decline in subscription, which fell from £72.4 million to £64.7 million because of the alteration in the way subscriptions were booked. A minimal increase was seen by UK advertising on the platform, rising from £8.1 million to £9.1 million to the year ending December 31. Sources say that subscription numbers have been growing strongly in 2013 thanks in part to partnerships with the likes of Vodafone. Spotify UK declined to comment on its accounts but earlier in the year parent company Spotify Group said: "In 2012 the business focused on driving user growth, international expansion and product development, resulting in soaring user numbers and increased market penetration. "Our key priority throughout 2013 and beyond remains bringing our unrivalled music experience to even more people while continuing to build for long-term growth - both for our company and for the music industry as a whole." With its operations in the thirty two countries around the world, Spotify lets users stream 10 hours of music a month for free with advertising or pay a subscription fee for unlimited, advertising-free listening. Naming Sony, Universal and EMI, and to date has paid out $500 million in royalties to artists, the company has signed deals with major record labels with the said records. With 5 million paying subscribers Globally Spotify saw users leap from 11 million to 20 million in the year. UK numbers were not disclosed. from March this year figures demonstrate this has augmented to 24 million users and 6 million subscribe
Britain's economy to become largest in Europe - and will grow even more if we leave EU - 0 views
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The think tank Centre for Economics and Business Research (CEBR) predicts the UK economy will outstrip France and Germany within two decades even if Britain stays in the EU. But while leaving the organisation would have initial negative consequences, the CEBR's chief executive Douglas McWilliams suspects "that over a 15-year period, it would probably be positive." Britain is set to vote on a referendum on EU membership in 2017. The report predicts the UK's GDP will first move to fifth place ahead of France by 2018 before leapfrogging Germany around 2030. However, despite being forecast to be the second most successful of the Western economies after the US, it will fall behind the accelerating economies of India and Brazil. "Germany is forecast to lose its position as the largest Western European economy to the UK around 2030 because of the UK's faster population growth and lesser dependence on the other European economies," the report said. But added: "If the euro were to break up, Germany's outlook would be much better. "A Deutsche Mark-based Germany certainly would not be overtaken by the UK for many years if ever." It added that a factor driving the UK's move ahead of Germany is the assumption of a falling value for the euro, Germany's falling population and the UK's rising population. The gap between the two countries will fall from almost £610billion in 2013 to just £183billion in five years. The UK's GDP will grow from more than £1.59trillion in 2013 to £2.6trillion in 2028, compared to China which is predicted to be in top position with a GDP of more than £20.5trillion, ahead of the US with an estimated £19.7trillion Japan will fall from its steady position in the global league of third to fourth by 2028, overtaken by India and followed by Brazil, Germany and the UK. The positive report on the economy comes as a poll reveals more people believe they would be helped rather than harmed by a rise in interest rates. A survey reveals that a pre-
Financial Tips Corliss Group Online Magazine on 4 Essential Money Mistakes Entrepreneur... - 1 views
As I get rolling on a new startup with my partners at Startup.SC, a startup incubator in South Carolina, I am reminded of a few painful mistakes many entrepreneurs, myself included, make when start...
Financial Blog Corliss Group Cybercrime Could Cost Global Economy Over $500 Billion - 2 views
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McAfee report paints grim picture of lucrative industry, despite incomplete data. Cybercrime could be costing the global economy as much as $575 billion annually, according to a new report from McAfee. The Intel-owned security company based its estimate on a range of sources, from government agencies to NGOs and academic institutions, counting both direct and indirect costs. The report, Estimating the Global Cost of Cybercrime explained the methodology as follows: "This study assumes that the cost of cybercrime is a constant share of national income, adjusted for levels of development. We calculated the likely global cost by looking at publically available data from individual countries, buttressed by interviews with government officials and experts. We looked for confirming evidence for these numbers by looking at data on IP theft, fraud, or recovery costs. In addition to a mass of anecdotes, we ultimately found aggregate data for 51 countries in all regions of the world who account for 80% of global income. We used this data to estimate the global cost, adjusting for differences among regions." However, the vendor cautioned that "differences in the thoroughness of national accounting", as well as underreporting of incidents and the difficulty of valuing IP all make calculations an imprecise art. High income countries lost more as a percentage of GDP, which could be because they have better accounting systems in place and/or that their IP is more valuable and therefore a bigger target for criminals. The $575bn figure therefore comes from extrapolating a global total from high loss countries. It could be as low as $375bn if McAfee had extrapolated from "all countries where we could find open source data".
Corliss Group Online Financial Mag Hong Kong 5 Can't Miss Investing Stories Last Week - 1 views
Corliss Group Online Financial Mag Hong Kong 5 Can't Miss Investing Stories Last Week Let the good times roll! The S&P/TSX Composite Index (TSX:^OSPTX) continued its month-long winning streak las...
Corliss Online Group Financial Mag: Can Hong Kong Solve Scotland's Currency 'Fankle'? - 1 views
Scottish nationalists are in a quandary: how to dissolve the three-century bond with the United Kingdom while preserving their monetary link with the British pound. And Hong Kong may provide the a...
Financial Tips Corliss Group Online Magazine: Trust Facebook for investing advice? Not Yet - 1 views
Social media and financial advice aren't such an easy match after all. Sure, the initial attraction is obvious. With one stroke, advisers can woo clients with regular investment tips on Facebook a...
Corliss Group Online Financial Mag - Hong Kong's top ranking for economic freedom feels... - 1 views
Did the Heritage Foundation ever send its experts into the streets of Hong Kong to meet ordinary people and ask them how free the city's economy has become in recent years? The right-wing US think ...
Financial Blog Corliss Online Group: Another deficit of clear thinking among Hong Kong'... - 1 views
Philip Bowring is appalled by the report on fiscal planning(http://www.scmp.com/comment/insight-opinion/article/1443828/another-deficit-clear-thinking-among-hong-kongs-fiscal) that seeks to preserv...
Financial Blog Corliss Group: From Corporate Giants to Main Street, Fraud is on the Rise - 1 views
Investors, analysts and corporate directors rely on external audits to keep companies honest. But a new study says audits are woefully ineffective at uncovering fraud. In fact, more than twice as m...
Financial Blog Corliss Group - Here's a tip: rubbish can be a dirty word - 2 views
Call him Matt Black, which is not his real name. He looks like a clean-cut junior executive, but he has a dirty little secret. These days Black is a regular lilywhite. He's a husband and father an...
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Financial Blog Corliss Group: Desperate for breathing room - 1 views
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The slowdown in the economy after 2010-11 has had a ripple impact on the fortunes of India Inc. and lenders alike. With gross domestic product (GDP) growth decelerating from 8.4 per cent in 2010-11 to the sub-five per cent level in the first three quarters of the current financial year, the number of companies seeking succour from lenders under the aegis of the corporate debt restructuring (CDR) cell had almost doubled to 605 as of December 2013 against 305 as of March 2011. Further, there has been a 194 per cent jump, from []1,38,604 crore at the end of March 2011 to []4,07,656 crore as of December 2013, in the amount of loans that came up for recast. Therefore, it is not surprising that bank managements, in their internal meetings and conferences with the media and analysts, are devoting as much time fielding questions on the loans that had to be restructured in a quarter vis-à-vis loans that have gone sour. More related issue from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ http://corlissmag.livejournal.com/