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senkoffa

Trade deal opens Europe to oysters - Prince Edward Island - CBC News - 0 views

www.cbc.ca/...ns-europe-to-oysters-1.2426171

international economics economic integration tariffs protectionism trade

shared by senkoffa on 16 Nov 13 - No Cached
  • Flynn said oyster growers in his country, Ireland, are selling to Asia because the market in Europe is so competitive. There is room, however, for specialty products.
  • Most are purchased from France, or consumers are buying local product. Canadian oysters are largely unknown.
  • Canada-European Union trade deal
Marika Shimomura

Coffee Futures Drop to Lowest Since 2009 on Ample Supply - 0 views

www.bloomberg.com/...ince-2009-on-ample-supply.html

shared by Marika Shimomura on 31 May 13 - No Cached
  • Marika Shimomura on 31 May 13
     
    Excess supply
Kento Watanabe

Japan presses Ukraine on car tariffs | The Japan Times - 0 views

www.japantimes.co.jp/...presses-ukraine-on-car-tariffs

Tariffs

shared by Kento Watanabe on 14 Nov 13 - No Cached
  • Kento Watanabe on 14 Nov 13
     
    Econ IA - International
Jin Seo

China's Gold Demand to Slow From April Surge: Association - Bloomberg - 0 views

www.bloomberg.com/...m-april-surge-association.html

gold demand china microeconomics

shared by Jin Seo on 31 May 13 - No Cached
  • Jin Seo on 31 May 13
     
    Demand of gold in china slows down 
senkoffa

Canada threatens higher tariffs on US wine imports | decanter.com - 0 views

www.decanter.com/...her-tariffs-on-us-wine-imports

international economics protectionism tariffs trade exports

shared by senkoffa on 16 Nov 13 - No Cached
  • 'retaliatory tariffs' on a range of US imports, including wine
  • US failed to change its country of origin labelling rules to comply with the WTO ruling. But, he said Canada would seek WTO approval before making a move. 
  • Canada represents the second largest export market for US wines by value behind the European Union
  • ...1 more annotation...
  • EU agreed a free trade agreement with Canada
Jin Seo

BP, Shell raided over alleged price fixing | Business News | Business and Finance News ... - 2 views

www.heraldsun.com.au/...story-fndgp8b1-1226642946822

oil pricefixing theoryofthefirm oligopolies

shared by Jin Seo on 31 May 13 - No Cached
  • crude oil, refined oil products and biofuels purchases and sales
    • Jin Seo
      Jin Seo on 31 May 13
       
      Oil - one of the most inelastic good   
  • Statoil
  • ...9 more annotations...
  • Platts
  • final consumers
  • colluded
  • prevented others from participating in the price assessment process, with a view to distorting published prices.
  • price fixing
  • cartels
    • Jin Seo
      Jin Seo on 31 May 13
       
      formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers? 
  • High oil prices are crushing families across Britain. Motorists are being taken for a very expensive ride.''
    • Jin Seo
      Jin Seo on 31 May 13
       
      reasons why oligopolies are strictly monitored 
    • Jin Seo
      Jin Seo on 31 May 13
       
      and also why oligopolies want to collude to become a monopoly 
  • Libor scandal
    • Jin Seo
      Jin Seo on 31 May 13
       
      largest price fixing scandal
  • transparency.''
    • Jin Seo
      Jin Seo on 31 May 13
       
      what would the evaluation contain?  - is it good or bad? (for consumers (benefits of colluding) and producers)  - BP oil competition = shows how having contest ability may be dangerous  - what can the governments do to stop collusion from happening? 
  • Jin Seo on 31 May 13
     
    oil price fixing in the EU
mariashishi

BBC News - Drop in Scottish alcohol sales 'due to multi-buy ban' - 2 views

www.bbc.co.uk/...uk-scotland-22598494

shared by mariashishi on 31 May 13 - No Cached
  • minimum unit pricing
  • fallen by 2.6% in the year since multi-buy promotions were banned
  • cut in sales, alcohol consumption remained high and alcohol was still sold at low prices
Mattias Lindell

Kenyan MPs defy president, hike pay to 130 times minimum wage | Reuters - 1 views

www.reuters.com/...a-reform-idUSBRE94R0MW20130528

reuters

shared by Mattias Lindell on 31 May 13 - No Cached
  • Mattias Lindell on 31 May 13
     
    Keyan Minimum Wage
Marika Shimomura

Brazilian Coffee Minimum Price Raised 17% to Aid Farmers - Bloomberg - 2 views

www.bloomberg.com/...-raised-17-to-aid-farmers.html

shared by Marika Shimomura on 31 May 13 - No Cached
  • Brazilian coffee producers will harvest between 47 million bags and 50.2 million this year, approaching last year’s record 50.8 million bags, the government said in January.
    • Marika Shimomura
      Marika Shimomura on 31 May 13
       
      Excess supply leading to the prices declining
  • such as auctions or measures to compensate sales below minimum price
    • Marika Shimomura
      Marika Shimomura on 31 May 13
       
      Government intervention
  • minimum domestic price
    • Marika Shimomura
      Marika Shimomura on 31 May 13
       
      Minimum price
  • ...4 more annotations...
  • international prices
    • Marika Shimomura
      Marika Shimomura on 31 May 13
       
      Decrease in demand leading in decrease in international prices
  • 307 reais ($153) per 60-kilogram (132- pound) bag, from 261.69 reais
  • Brazil reaped a record crop in 2012
    • Marika Shimomura
      Marika Shimomura on 31 May 13
       
      Increase in supply
  • increase
Jin Seo

BP, Shell raided over alleged price fixing | News.com.au - 1 views

www.news.com.au/...story-fnda1bsz-1226642946822

pricefixing EU shell BP

shared by Jin Seo on 12 Jun 13 - No Cached
  • cartels
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?
  • market manipulation
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      The act of artificially inflating or deflating the price of a security 
  • prices of crude oil, refined oil products and biofuels purchases and sales, potentially harming final consumers
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      oil- one of the most inelastic goods due to its high demand and usage in producing a lot of consumer goods 
  • ...9 more annotations...
  • price fixing
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      price fixing = market manipulation 
  • BP, Shell and Norway's Statoil
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      what sort of market structure are they in? oligopoly and their tendency to collude = because they are profit maximizers 
  • European Commission
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      have monitoring for these companies due to high probabilities of collusion 
  • collude
  • prevented others from participating in the price assessment process
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      fairly high barriers to entry - one of the characteristics of an oligopoly 
  • the market vulnerable to abuse
  • Consumers need to know that the prices they pay for their energy or petrol are fair, transparent and not being manipulated by traders
  • High oil prices are crushing families across Britain
  • market transparency
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      EVALUATION: what would the evaluation contain?   - is it good or bad? (for consumers (benefits of colluding) and producers)   - BP oil competition = shows how having contest ability may be dangerous   - what can the governments do to stop collusion from happening? 
  • Jin Seo on 12 Jun 13
     
    Price fixing of oil companies in the EU
alex vevstad

Russia diamonds: Source under Siberian asteroid crater could supply world markets for t... - 0 views

www.dailymail.co.uk/...world-markets-3-000-years.html

shared by alex vevstad on 13 Jun 13 - No Cached
  • supply the world market for the next 3,000 years.
  • ten times the global stockpile.
  • secret until now because it was already reaping big profits
  • ...3 more annotations...
  • ideal for industrial and scientific uses.
  • value of impact diamonds is added
  • 98 per cent of which was exported to Belgium, Israel, South-east Asia and the USA.
  • alex vevstad on 13 Jun 13
     
    Russia reveals shiny state secret: It's awash in diamonds
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