Korean bond market has been volatile dancing to the tunes of varied hopes on interest rate changes. South Korea's sovereign bonds shed early gains as forecasts that Bank of Korea (BoK) may not reduce the interest rate from the record low of 1.5 percent.
Industry
P&G sales dive to its lowest in 7 quarters, but profit beats expectations
The strengthening of the US dollar has been hitting Procter & Gamble hard as the company reported its biggest sales drop in seven quarters. The company also cited weak demand especially in the overseas market as the reason behind the low sales performance.
Cola Cola Q3 revenue falls nearly 5%
Report on Coca-Cola profit and revenue this quarter shows a drop of nearly 5%. A strong dollar has resulted to a less value in Coca-Cola revenue from outside North America. The global economic slowdown also affected Coca-Cola revenues resulting a revenue cutback.
India's film industry struggles to perform well
India, the world's largest democracy and home to highest number of movies, is struggling to perform at box office collections. There's no correlation between the number of movies released every year and revenues they generate for the film industry. The India's film industry is just grossing mere $2billion every year at the box office while it registers about 2,000 movies annually. Considering the number of movies it makes every year, India should have been leading the world in terms of revenues as well. But it couldn't as the piracy alone eating into INR19,000 crore ($3.34billion) revenues every year.
Silicon Valley IPO market logging off fast
Gone are the days when boom time for technology initial public offerings (IPOs) that showered money on technology companies and startup coupled with huge valuations for investors. Now the situation is totally different on renewed concerns about possible technology bubble burst following the IPO market in Silicon Valley is fast losing its sheen. The dwindling down of market valuations is forcing many companies to cancel their IPOs or postpone the issue dates which affects the US capital market.
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What matters the most in investing is the time when you exit. Loss or profit depends upon when you exit. If you can identify the bubble bursting, you can safely walk out of the market well before it happens. The tricky question is how to identify the market before it's blowing up. Investors, who made and lost money in dotcom bubble, fear that history may be repeated for the current tech bubble though the damage wouldn't as much as it was in dotcom crash.
Shrugging from the recent market crash, Nike and Under Armour stocks have emerged as major gainers on the Wall Street. Though these two companies are battle to capture higher market share in sportswear and star endorsements, but the athletic apparel makers are racing ahead in improving their financial performance.
It's a never-ending issue for McDonald's and other restaurants until they cease using antibiotics with their meat products. McDonald's received a "C" score for antibiotics overuse.
On Wednesday, McDonald's announced its plan to fully transition to cage-free eggs in the U.S. and Canada over the next 10 years. The all-time favorite fast-food restaurant will join the booming number of restaurants and food companies making the same commitment to meet consumer demand, reported by Chicago Tribune.
Starting last week, Kmart, the U.S. retail company under Sears Holding Corp. brings back its No Money Down Layaway Program and launches No Money Down Leasing for holiday shoppers.
While Korea is hurting from a long drop in exports, one industry is booming in shipments and posts double-digit growth. This draws the attention of policymakers seeking for a new way to grow its export.
Milk is overflowing in Europe for a lot of reasons, chief of these is that Russia has stopped the importation of milk while Chinese demand has lessened. There is so much splashing around the European Union that makes milk always less expensive than bottled water. In U.K., a liter of bottled water costs $1.50 while a liter of milk costs only $1. The same is almost true in France. In German supermarkets like Aldi and Lidl, a liter of milk costs only about 55¢ while a liter of bottled water costs around 72¢.
More and more U.S. workers don't want to work for the "Man" anymore and be tied up to just one boss as they consider themselves "free agents." In a report by CNN Money, 31% of workers in the US consider themselves "free agents," according to a survey from Kelly Services, a recruiting and employment firm. These "free agents" consider themselves contractors, small business owners, temps, freelancers, and moonlighters, but never "traditional employees." This means, they don't get their income from just one boss. Most of these free agents said they entered their type of work willingly, and only 10% said they were forced into it due to economic conditions.
There are different factors than can lead to the significant growth of Las Vegas Sands' Macau Hotel Operations, including the higher demand for gaming in the next 10 years.
