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Corliss Online Financial Mag varnar över tillväxtmarknader

Corliss Online Financial Mag varnar över tillväxtmarknader | Corliss Online Financial Mag | Scoop.it

Unilever frågor vinst varning över kollapsande valutor i "framväxande marknader"

 

Unilever, Magnum glass till Dove tvål jätte, utfärdade en vinst varning i natt, skyller de kollapsande valutorna i så kallade "framväxande marknader" som Brasilien och Indien.

 

Samtidigt trots varma ord från västerländska politiska ledare på att förbättra ekonomiska data, sa det utvecklade marknaderna förblev "platt ner". Som ett resultat, varnade det för en €500m (£417m) brist i försäljning detta kvartal.

 

Framväxande marknaden valutor har rasat under de senaste månaderna i väntan på Federal Reserve avsmalnande av dess kvantitativa lättnader program. De med stor budget och bytesbalansen underskott har drabbats värst.

 

Unilever sa det nu förväntas det aktuella kvartalet underliggande försäljningstillväxten för att komma in på 3 till 3,5 procent. Investerare hade tidigare förväntade tillväxt på 5 procent.

 

Valutorna i Brasilien och Indien, som ha krossat särskilt illa av oro för deras ekonomier, har ont Unilever särskilt dåligt som de är två av sina största globala marknader. Indonesien är en annan stor ekonomi som har uppträtt dåligt för företaget.

 

Unilever har lidit av utländsk valuta flyttar till stor del eftersom dess framväxande marknader regioner köpa råvaror i dollar med sina lokala valutor.

 

Unilever förutser att den framväxande marknadsekonomier BNP-tillväxt, en omvandlad till årsplanet 9 procent under första halvan av året, nu har sjunkit till 6 procent.

 

Även om Unilever är först i sin bransch av snabbrörliga konsumentvaror att varna på dess tillväxttakt, grupp sport Adidas knackade ut en liknande alert i mitten av September, med hänvisning till av samma skäl.

 

Marknader är chockade av tillkännagivandet, till stor del eftersom det inte har utfärdats tills efter aktiemarknaden hade stängt för kvällen.

 

Siffrorna hade bara kommit till ljuset från sammanställa alla septembers månatliga Försäljningsstatistik från dess olika divisioner, sade källor på företaget.

 

På den positiva sidan sa Unilever fjärde kvartalet borde vara bättre på ett antal enstaka faktorer som lanseringen av flera nya produkter som skulle förstärkas av extra marknadsföring investeringar. Unilever VD Paul Polman, bilden till vänster, räknar fortfarande uppfyller hans woolier mål att slå marknadens försäljningsvolymer.

 

Graham Jones, analytiker på Panmure Gordon, sade: "Unilever är skickliga på att hantera volatiliteten på tillväxtmarknader. Fram till nu hade styrkan i tillväxtmarknaderna maskeras verksamheten nedslående utvecklade marknader. Uppdateringen flaggor som på utvecklade marknader måste arbeta hårdare. Vi hade förutspått framväxande marknader kommer att ha försvagat men vi hade också väntat några tillväxt i de utvecklade marknaderna men detta inte var fallet."

 

Aktierna förväntas öppna kraftigt ner i morse.

 

Jim Armitage: Detta är hur det börjar

Detta är hur det börjar. Om du hade några tvivel Storbritannien skulle påverkas av bristningen av den framväxande marknader bubblor pumpas upp av QE under de senaste åren, här är beviset. Fed körde spekulanter att låna löjliga summor pengar, på löjligt låga räntor, dåligt köra länder som kunde dåligt råd att låna. Nu när QES kranar är inställd på Inaktivera, västra pengar kör hem och dessa ekonomier är kvar för att lida. Våra största och bästa företag känner bakåtblåsning, utan real tillväxt på utvecklade marknader att kompensera. Utdelning, och med dem, våra besparingar, kommer att skadas. Håll i er.

 

Read More:

http://www.topix.com/forum/business/TK0K176ILPPE054V9

http://fi.yelp.fi/biz/the-corliss-group-southampton

 

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Financial Blog Corliss Group: Desperate for breathing room

Financial Blog Corliss Group: Desperate for breathing room | Corliss Online Financial Mag | Scoop.it

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( http://corlissonlinegroup.com/ ) 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.

 

Myriad problems

 

Many factors have forced companies to approach banks for a loan recast. These include the slowdown in domestic as well as global demand, volatility in input costs, adverse currency movements, and projects getting stalled for want of statutory approvals such as environment and forest clearance.

 

Other reasons include diversion of funds into real estate, diversification into unrelated businesses, and too much debt on their balance sheets.

Under CDR, lenders, among others, make concessions to corporates by reducing interest rates, extending the repayment schedule, providing additional funding, and converting debt into equity/preference shares (to a limited extent).

 

The CDR cell is the banking industry’s common platform for corporate debt restructuring. All references for corporate debt restructuring by lenders/borrowers are made to this cell.

 

The CDR mechanism covers only multiple banking accounts, syndication/consortium accounts, where all banks and institutions together have an outstanding aggregate exposure of []10 crore and above.

Industry-wise classification shows that the infrastructure sector topped the corporate debt restructuring list, accounting for 19.63 per cent of the total quantum of debt ([]2,07,635 crore) being handled by the CDR cell as of December 2013. The iron & steel sector was a close second with 17.92 percent.

 

Plugging loopholes

 

The economic downturn provided the perfect pretext for some unscrupulous company promoters( http://corlissmag.livejournal.com/ ) to try and wangle concessions from banks.

 

There have been cases where the realization that a corporate is going down the chute prompted some bank chiefs, especially from the public sector, to push it to the corporate debt restructuring cell just so they could get a breather on the asset classification front and save on provisioning.

 

In such cases, company promoters have ‘gainfully’ utilized the time taken by the lead bank to conduct techno-economic viability studies and stock audit to take a call on accepting/rejecting the debt recast proposal to alienate (sell) the assets pledged to banks.

 

The RBI has seen through this game and prescribed tighter norms for reviving distressed assets. So has the CDR cell.

 

The lead bank in a consortium of lenders is now required to conduct an audit of how a company has utilized a loan before processing its request for a debt recast.

 

According to Raj Kumar Bansal, Chairman of the CDR cell, the lead bank in a consortium could also press for a special audit wherever diversion of funds and fraud are suspected.

 

To ensure company promoters’ commitment to the debt recast package, the lenders now compulsorily take a personal guarantee from promoters.

The CDR cell also requires minimum promoter equity contribution in all cases to be either 25 percent (against 20 percent prescribed by the RBI) of a lender’s sacrifice or 2 per cent of the restructured debt.

 

The time given to a company whose debt restructuring has been approved by the cell to turn around has been cut to eight years (from 10 years) in the case of infrastructure companies and five years (seven years) in the case of non-infrastructure companies ( http://corlissonlinegroup.com/blog/) .

Banking on a rising tide

 

The stiff norms seem to have slowed the flow of debt recast proposals. Overall, in the first 11 months of the current financial year, the CDR cell received debt recast references with respect to 91 companies (against 129 in the whole of the previous year), aggregating about []1,22,500 crore ([]91,497 crore in 2012-13).

 

With few days to go for the fiscal year to end, bankers expect the overall quantum references to the cell to touch about []1.30 lakh crore in 2013-14. Until the economy turns around, companies will keep knocking on the doors of the cell for succour.

 

As a rising tide lifts all boats, so, too, bankers hope an economic upturn will bring down the number of cases referred to the CDR cell.

The above article is a repost from http://www.thehindubusinessline.com/features/desperate-for-breathing-room/article5796874.ece

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Subscription Newsletter Corliss Group Financial Magazine: 5 Dos and Don'ts for Greater Financial Security

With the unemployment rate slowly falling, many Americans are facing a healthier job market and trying to get their financial lives back on track. Based on findings of the FINRA Investor Education Foundation's National Financial Capability Study of more than 25,000 Americans, the FINRA Foundation has developed five tips to help you manage daily financial challenges and build a brighter financial future in 2014.

 

1. Do take advantage of tax breaks when saving for college and retirement. If you have financially dependent children, try to save for college using tax-advantaged savings accounts like a 529 plan or Coverdell Education Savings Account. The FINRA Foundation's Study revealed that only 34% of respondents with financially dependent children are setting aside money for their children's college education.

 

While many Americans are not prepared for retirement, and only 54% of non-retired respondents have some kind of retirement account, workers should use tax-advantaged savings accounts like 401(k)s to boost their retirement security. Contributions to a traditional 401(k) are not subject to income tax withholding and are not included in your taxable wages, and earnings on Roth 401(k) contributions are tax-free. In 2014, you can contribute up to $17,500 to your 401(k). And if you're age 50 or over, you can contribute an additional $5,500 for a total of $23,000. FINRA tools and resources help consumers save for college or retirement.

 

2. Do reduce your debt. More than two out of five Americans (42%) surveyed felt that they have too much debt, regardless of their income. The best way to avoid an endless cycle of credit card debt is to try to pay your credit cards in full and on time. If you have credit card debt, pay it off as quickly as possible. Even if you're unable to pay your whole monthly bill, always pay more than the minimum due, which will reduce the amount of interest you'll pay. Millennials should take extra care when using credit cards. The FINRA Foundation's Study found that 52% of Americans aged 18-34 reported engaging in expensive credit card behaviors, compared with the national average of 41%. FINRA Foundation resources can help you avoid the debt trap.

 

3. Don't chase yield. Investors face a difficult investing environment, with low yields on fixed-income investments and an economy on the mend. Some investors may opt to "chase return," meaning they put their assets into riskier and sometimes complicated products that promise higher yields than they can get in more traditional investments. Investors should realize that they could be taking on more risk if they invest in products with higher returns.

 

4. Don't be part of the 39%. We asked Americans if they would be able to come up with $2,000 if an unexpected need arose in the next month, and nearly two in five (39%) said they probably or certainly could not. If your finances are unable to deal with an emergency (for example, if the transmission in your car fails or a tree limb crashes through your roof), then you're financially fragile. The best way to avoid this is to build up rainy-day savings in a federally insured savings account. Even if you have no savings at all, if you can set aside $40 every week in an account you otherwise don't touch, and then by this time next year you will have saved over $2,000 and won't be a part of the 39%.

 

5. Do check your credit report and score. You need to do both. Only 42% of survey respondents stated they had obtained a copy of their credit report, and only 41% had checked their credit score within the last 12 months. With credit hard to get and identity theft a continuing problem, it's critical to see whether your credit history is accurate and correct any mistakes immediately. Learn more about how your credit score affects you and what helps and hurts your credit score.

 

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Financial Tips Corliss Group Online Magazine - Nach Oben 7-Finanz-Tipps Aus Nancy J. Lapointe, Navigieren Sie Finanzielle

1. im Alter von 70 Jahren ½, erforderliche Minimum Distributionen sind keine Option auf einige IRAs. Du musst die Verteilung. Allerdings musst du nicht das Geld ausgeben.

 

2. Kreditkarten sind Darlehen und hätten sehr hohen Zinsen. Vermeiden Sie Kreditkarte Zinsen bezahlen.

 

3. Einkommen Einkommen und Geld ist Geld, Geld also in einem niedrig verzinsten Konto verlassen, während zahlen eine hohe Zinsen Kreditkarte selten sinnvoll ist, auch wenn deine Großmutter das Geld auf dem Konto der niedrigverzinslichen stammt. Selbst bei Null Zinsen zurückzahlen und die Kreditkarte Zinsen loswerden.

 

4. ein Home-Equity Kreditlinie ist kein Notfall-Fonds. Es ist eine offene Darlehen mit Zinsen und es muss zurück bezahlt werden. Es ist ein guter Stop Abstand Maß, wie Sie einen richtigen Notfall-Fonds für Sie Situation aufbauen. Ein Notfall-Fonds muss zugänglich sein und werden Bar oder gleichwertig. Ein Notfall ist ein Ereignis außerhalb Ihrer Kontrolle wie Unfälle, Krankheit, etc..

 

5. Notfall ist nicht Ihre Immobilie Steuern zu bezahlen oder neue Reifen bekommen. Das sind Kosten des Lebens, und planen Sie für diese Arten von Kosten.

 

6. ein Auto ist eine Art der Beförderung und keine Reflexion über Ihre Selbstachtung. Seien Sie vernünftig in fallenden Anlagen erworben.

7 ™ A CERTIFIED FINANCIAL PLANNER (CFP ®) Professional und Makler sind nicht austauschbar. Nach der CFP Board of Standards praktizieren das CFP ® Professional strebt er oder sie konsequent den Client Pläne mit der Kundenaktivitäten zu integrieren. Eine Broker ist ausgebildet, um Investitionen zu handhaben und mit Bezug auf Leistung und Investitionen konzentrieren Möglichkeiten.

 

Nancy LaPointe ist ein Finanzberater navigieren Finanz-, 4520 Einwohnern Intelco Schleife SE, Suite 1, Lacey WA 98503. Wertpapiere und advisory Services bietet sie als Investment Berater Repräsentant des Commonwealth Financial Network ®, Member FINRA/SIPC, ein Anlageberater registriert. Sie können bei 360-628-8175 erreicht werden. Diese Mitteilung richtet sich streng an individuell mit Wohnsitz in den Staaten von CA, GA, IA, MT, AZ, NM, OH, oder, WA. Keine Angebote werden gemacht oder von jedem Wohnsitz außerhalb dieser Staaten durch verschiedene staatliche Regelungen und Registrierungsanforderungen an Anlageprodukten und Dienstleistungen angenommen.

 

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Ich wurde gebeten, auf eine Gesellschaftsveranstaltung Wein "Was sind die wichtigsten Tipps, Sie haben gelernt, dass die Menschen in der Regel, sondern müssen wissen, nicht?" Das ist eine Fangfrage und sehr subjektiv. Im Grunde fragst du mich was ich denke, Menschen müssen wissen, und mir die Berechtigung für auf meinem hohen Ross. Das klingt nach Spaß!

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Financial Blog Corliss Online Group: Two Systems, One Country

Financial Blog Corliss Online Group: Two Systems, One Country | Corliss Online Financial Mag | Scoop.it
The stabbing of a former news editor is a symptom of a broader squeeze on the city’s freedoms.
Freia Cunningham's insight:

The brutal attack on the former chief editor of a major Hong Kong newspaper has appalled and shocked this city, where violent crimes are rare. Kevin Lau Chun-to, a veteran journalist who had just stepped down as the chief editor of the respected Ming Pao Daily, was stabbed six times in a hit-and-run attack last week. Fortunately, following surgery, Lau’s condition has now stabilized. But for Hong Kong, the wounds will be more lasting. Not only did the attack leave a permanent scar on the freedom of the local press, it may have also laid bare the erosion of Hong Kong’s self-autonomy under the phony One Country Two Systems.

 

The cause of the attack is still unknown. Sadly, as the hit men are believed to have fled to Mainland China, the hunt for suspects has become more challenging. It is likely, therefore, that the brutal assault might well remain unsolved – a grisly addition to the city’s poor record on cracking media-related attacks. Over the past few years, there have been seven other reported incidents in which media professionals and outlets critical of the Hong Kong government and the Beijing authorities were threatened or attacked; none have been solved by the otherwise effective police.

 

Lau was at the eye of a storm just two months ago when he was removed from chief-editorship after serving for only two years (his predecessor had held the post for 15 years) and transferred to a non-editorial position. The plan is to replace him with a Malaysian editor who seems to have little experience in Hong Kong news reporting. Pundits have linked the unusual personnel shift to Ming Pao’s owner, Zhang Xiaoqing, a Malaysian billionaire with business ties in China, who may been seeking to tone down the critical character of the newspaper. Although many Ming Pao journalists resisted the move, the soft-spoken Lau accepted it without open opposition. That is why people were shocked not just by the attack itself, but also by the fact that the target was Lau, seen among journalists as a moderate personality. Even though Ming Pao largely retained its critical voice under his leadership, Lau, who is well connected with government officials and politicians from across the spectrum, seems unlikely to have been seen as a “problem child” in the eyes of the authorities.

 

Dwindling Press Freedom

 

What is most troubling, therefore, is that even such a moderate liberal style can attract such brutal violence; a “lesson” that might well have long-term repercussions for critical journalism. The implications are important. The generally moderate Ming Pao has been renowned for its investigative journalism on socio-political affairs in both Hong Kong and China. Among its outstanding coverage under Lau, the paper worked with the International Consortium of Investigative Journalists (ICIJ) as the only Chinese media company on a project about offshore money leaks, which led to a story in mid-January about the offshore holdings of former Chinese Premier Wen Jiabao’s family members. Similar reports that exposed the enormous wealth of high-ranking Chinese officials that have appeared in foreign media, namely The New York Times and Bloomberg News, have also resulted in reprisals such as visa delays from Beijing. Although there is no evidence to link that particular Ming Pao story to the assault, the ICIJ report has certainly attracted the most speculation. 

 

Read full article at http://thediplomat.com/2014/03/hong-kong-two-systems-one-country/

 

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Corliss Online Group Financial Magazine News Website Reviews

Corliss Online Group Financial Magazine News Website Reviews | Corliss Online Financial Mag | Scoop.it
 
Source: https://www.
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Source: http://sabinadupras19.booklikes.com/post/719413/corliss-online-group-financial-magazine-news-website-reviews

 

The actual process of buying shares is given a short discussion in the website. The five basic steps are mentioned. The whole process, however, can only be accomplished through the assistance of a brokerage which gets paid for providing the service – the estimated fees are also given, thankfully. But there is no specific name or qualifications mentioned on the homepage as to which of these reputable brokerages are trustworthy and what particular service they are capable of providing beyond purchasing and selling stocks for traders. 

 

For example, people might want to find out what particular factors would differentiate a good brokerage from a bad one, or a good one from an excellent one. Furthermore, does the “market maker” perform a mere waiter’s job of taking your orders and delivering them to you or do they have certain qualities such as aggressiveness or expertise in trading itself that will help the client determine whether the stock is worth buying or selling? Or is this not the job of another person, like the broker or a financial consultant whose expertise is to give advice on trading? How are the three – market maker, broker and financial consultant different? How are they similar or related? Just some of the questions popping out of one’s mind as one reads the mag.

 

Yes, the website advises the investor-learner to get some virtual practice online. And once you have gotten enough knowledge about buying shares, how often does one have to check the market in order to get enough experience to become a successful trader? How much time does it involve to monitor one’s investments – one hour, three hours or eight hours each day? How many days a week? Will investing in stocks require a big chunk of a person’s time such that it will become almost like a full-time job?

 

Providing or not providing such kind of information will determine whether people will be encouraged to get into the wagon and join the ride. Some of the practical and valuable information most people should need to have in order to make that crucial decision to part with their money and take the risk of making or losing it.

 

 

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