Tag Archives: Business

French Manufacturing Still in Strugles

French manufacturing contracted in July at the fastest pace this year in a sign that the euro area’s second-largest economy is struggling to gather pace.

A Purchasing Managers Index for the manufacturing industry fell to 47.6 from 48.2 in June, London-based Markit Economics said today. That’s the lowest since December 2013 and the third straight reading below 50, the mark that signals contraction. Economists had forecast a decrease to 48, according to aBloomberg News survey.

The French economy stagnatedin the first three months of this year, compared with a 0.2 percent expansion in the 18-nation euro area. Second-quarter gross-domestic-product data are due on Aug. 14, and will be a key element in the European Central Bank’s assessment of the state of the economy.

France’s PMI data “remain consistent with quarterly GDP close to stagnation levels as the economy continues to show little sign of turning around its recent sluggish performance,” said Jack Kennedy, senior economist at Markit. Weakness in the manufacturing industry “offset a small improvement in services,” he said.

A gauge of services activity rose to 50.4 from 48.2 in June, indicating growth for the first time in three months. A composite index of both services and manufacturing rose to 49.4 from 48.1.

Markit will release data for Germany, Europe’s biggest economy, at 9:30 a.m. Berlin time. Its report for the euro area is due at 10 a.m. Economists predict the currency bloc’s factory index will fall to 51.7 from 51.8, with the composite index unchanged at 52.8.

Source : bloomberg

LG’s profit Increased in 2nd Quarter

Net profit amounted to 412bn Korean won ($400m; £235m). That’s a 165% surge when compared to the same period last year, when it earned 156bn won.

The jump is mainly due strong mobile phone sales. LG sold a record 14.5 million smartphones in the second quarter, 20% more from one year ago.

LGGflex

LG’s mobile phone unit is profitable for the first time in a year.

LG attributes the turnaround to strong sales of its flagship G3 smartphone model, and cheaper L-series models which sold well in the North American market.

For the current quarter, LG says it expects “the smartphone market to grow continuously.”

But the company also warned “market competition will be intensified due to continuous launch of new models in premium segment and intensifying price competition as a result of the sales expansion from the mass market.”

More phones

Various industry research places LG as the world’s fifth-largest smartphone maker by sales. Its South Korean peer Samsung has overtaken Apple as the world’s top smartphone maker. Both Apple and Samsung phone models are more geared towards capturing consumers at the high-end market.

LG has been expanding its line-up of cheaper phones, as well as its high-end models, in order to capture a diverse market share.

Away from the smartphone division, LG’s home entertainment unit saw a 3% rise in sales when compared to the previous quarter. That is due to the launch of new television models.

The home appliance division saw an increase in sales at home, due to higher demand for energy-efficient washing machines. But overseas sales declined, due to competition in the North American market.

source : bbc

Google Face European Data Regulators

 

Google is to meet data regulators from across the European Union to discuss the implications of the recent “right to be forgotten” ruling.

An EU court ruled in May that links to “irrelevant” and outdated data should be erased from searches on request, leading to censorship concerns.

The decision, and Google‘s handling of requests, has been heavily debated.

The UK’s information commissioner said he expects a “tsunami” of complaints relating to links people want removed.

Speaking to Radio 5 Live’s Wake Up To Money, Christopher Graham said Google had a responsibility to deal with the issue.

“The polluter pays, the polluter should clear up,” he said.

Continue reading the main story

googledata

Christopher GrahamUK information commissioner

Continue reading “Google Face European Data Regulators” »

Another praises for Garuda Indonesia Airways

Jakarta – Garuda Indonesia airline was awarded the World’s Best Cabin Crew 2014. The award was given by Skytrax in the biggest airline exhibition in the world, Fanborough International Airshow, England yesterday.

The award made this State-owned Enterprise airline defeating several top airlines such as Cathay Pacific from Hong Kong and Singapore Airline. Both airlines were nominated for the same category.

Garuda Indonesia was crowned by Skytrax as the 7th best airline in the world. The position was up by two ratings from 2013 that was on the 9th position.

“This is the biggest honor for us and Indonesia. I would like to say thank you to our loyal customers,” Director of Garuda Indonesia Emirsyah Satar said in England yesterday.

Skytrax is an independent survey organization in England that performs airline and airport ranking-based on consumers’ survey and direct observation. The survey is based on 18.85 million airline passengers in the world. Passengers from 160 countries took part in choosing the best airline out of 245 existing airlines in the world, starting from periods of August 2013 until May 2014.

Source : tempo

Scottish independence: Post-Yes fiscal forecasts updated by IFS

Scottish independence: Post-Yes fiscal forecasts updated by IFS

The government has announced a series of measures in the Queen’s Speech that it said were “unashamedly pro-work and pro-business”.

Included in a raft of bills were proposals to make it easier for small businesses to access finance and remove red tape.

There will also be measures to tackle zero-hours contracts and national minimum wage abuses.

Some childcare regulations will also be made more flexible.

A corporate ownership bill will make it easier to punish rogue company directors by increasing the period for which they can be disqualified and awarding compensation to victims. Continue reading “Scottish independence: Post-Yes fiscal forecasts updated by IFS” »

Chevron Retreats on Clean Energy After Renewables Hit 20% Margin

Chevron Retreats on Clean Energy After Renewables Hit 20% Margin

In January, employees ofChevron (CVX)’s renewable power group, whose mission was to create large, profitable clean-energy projects, dined at San Francisco’s trendy Sens restaurant. Managers applauded them for almost doubling their projected profit in 2013, the group’s first full year of operations.

The mood quickly turned somber. Despite the financial results and the team’s role in helping start more than a half-dozen solar and geothermal projects capable of powering at least 65,000 homes, managers told the group that funding for the effort would dry up, and encouraged staffers to find jobs elsewhere, say four people who attended the dinner, Bloomberg Businessweek reports in its June 2 issue.

Continue reading “Chevron Retreats on Clean Energy After Renewables Hit 20% Margin” »

Tiger Mandala air stop operates from this day

Tigerair Mandala Airlines, previously known as Mandala Airlines, announced stops their operation from 1st July 2014 last days ago. The corporate can not lift their profit in last several years. This makes many customers feels sad. People loves the aircraft because their services and many promos. Tiger air Mandala has many promos like Tigerflash every Thursday, Free on arrival flight, and others.

mandala plane

Before Tiger air buy 33 % Mandala’s stock on 2012, they has also been stopped their flight because of finance problem. but in their new brand image, its still hard to gain their revenue. So this is hard decision was made. Continue reading “Tiger Mandala air stop operates from this day” »

Freeport Contract extension will decide by Next President?

Freeport Contract extension will decide by Next President?

Queted from TEMPO.CO, President’s special staff of economic and development, Firmanzah, asserted that the mining contract renegotiation will be not be decided by the President Susilo Bambang Yudhoyono. He said the strategic policy will be made by the new president elected on July 9 2014.

Freeport mine

“During a cabinet meeting, the president asserted that he would not make any strategic policies, including the mining contract renegotiation, near the end of his terms of office,” Firmanzah toldTempo on Sunday, June 8, 2014.

Continue reading “Freeport Contract extension will decide by Next President?” »

How is Freeport Morgan’s contract negotiation progress now?

How is Freeport Morgan’s contract negotiation progress now?

Freeport-McMoran Copper & Gold still have contract (Kontrak Karya – KK) in Indonesia untl 2021 since 7 April 1967 and last renewals in 30 December 1991. Freeport can propose new extension in 2019, 2 years before its end. But after government isseud UU No 4/2009 about Mineral and Coal Mining, also PP 9/2012 about PNBP and Keppres Number 3/2013 Freeport and others mining corporation should be fulfill the provision from the government.

Freeport

So, why Freeport looks inconvenience with this regulations? Since 1967 Freeport was contribute around 20-30 percent copper mining for their company production around he world. It’s not a small contribution for the total production. In others, gold mining contribute more that 90 percent for total productions besides their mine in South America, North America and Africa. If they fail to extend the contract, their production will be affected and makes huge influence for their company. Continue reading “How is Freeport Morgan’s contract negotiation progress now?” »

After Queen’s statements, Business going up

After Queen’s statements, Business going up

The government has announced a series of measures in the Queen’s Speech that it said were “unashamedly pro-work and pro-business”. Included in a raft of bills were proposals to make it easier for small businesses to access finance and remove red tape.

There will also be measures to tackle zero-hours contracts and national minimum wage abuses.

Some childcare regulations will also be made more flexible.

Socmed2

A corporate ownership bill will make it easier to punish rogue company directors by increasing the period for which they can be disqualified and awarding compensation to victims.

The bill will also introduce a public register of beneficial shareholders in a company. Continue reading “After Queen’s statements, Business going up” »