Posted: January 26th, 2017 | Author: Michael Courtenay | Filed under: Business News, Hard Pill to Swallow, News, Socially Engineered | Tags: australia, Business Economics and Finance, Currency, donald trump, economic-trends, futures, government-and-politics, markets, stockmarket, trade, united-states, US President | Comments Off on Trump Has Become The Single Biggest Global Market Influence
You can be sure that when vast amounts of money move in a particular direction, somewhere, somehow, a powerful person, or group of powerful people, have made an important decision about something :: Read the full article »»»»
Posted: January 16th, 2012 | Author: Michael Courtenay | Filed under: China, News | Tags: 2012 Economic Outlook, Business Economics and Finance, Business News, china, Inflation Eases, Manufacturing Steadies, Surplus Shrinks | Comments Off on China 2012: Inflation Eases, Surplus Shrinks, Manufacturing Steadies, GDP Strong!?
China’s outlook for 2012 is positive if not slightly dulled, as the dust settle from the previous two years, China should keep a good pace toward reaching it’s goal as the worlds largest economy.
Currently the world’s second-largest economy, China is forecasted to grow at 9 percent throughout 2012. Due to its export-oriented economy, China is affected by an economic slowdown in its key trading partners—Europe and to some extent the United States.
The slowdown in the Chinese growth is also partly policy driven, as the People’s Bank of China is expected to further tighten its monetary policy—particularly its foreign exchange rate policy to keep inflation under wrap.
Other challenges for China include policies to disincentivize domestic savings (such as creating a welfare state) and further rely on domestic demand for growth.
Finally, if the tightening regime continues it will help keep the dollar’s value low and rebalance trade between the U.S. and China :: Read the full article »»»»
Posted: January 10th, 2012 | Author: Michael Courtenay | Filed under: Business News | Tags: Business Economics and Finance, Business News, Christmas Retail Sales, November Retail Sales, Retail Sales, US Retail Sales | Comments Off on Retail Sales Remain in the Doldrums
Australian retail sales were flat in November, falling short of expectations, despite the Reserve Bank cutting interest rates for the first time in 2.5 years that month. Australian Bureau of Statistics figures for the month show retail turnover was unchanged on a seasonally adjusted basis at $20.93 million. The result was well below economists’ expectations of a rise of 0.4 per cent for the period, extending a downward trend in the sector that began in August.
There was an increase of 0.4 per cent in the category that includes books and newspapers, sports goods and pharmaceuticals and cosmetics, and a rise of 0.1 per cent in cafes and restaurants. Sales of food and household goods remained unchanged, but turnover fell 0.4 per cent in clothing and footwear and 0.1 per cent in department stores.
In the U.S. Bloomberg is reporting a similarly flat November: Retail sales rose in November at the slowest pace in five months, indicating American consumers were trying to live within their means heading into the holiday shopping season as wages dropped. The 0.2 percent gain in purchases fell short of the 0.6 percent median forecast of economists surveyed by Bloomberg News and followed increases in the prior two months that were larger than previously estimated, according to data from the Commerce Department today in Washington. Other reports showed inventories climbed in October and job openings fell. Read the full article »»»»
Posted: December 16th, 2010 | Author: M.Aaron Silverman | Filed under: Business News, China | Tags: Business Economics and Finance, Business News, china, China Business News, Mcdonalds China | Comments Off on Mcdonalds Expands in China
McDonald’s Corp plans to double the number of its restaurants in China to 2,000 by 2013, a senior executive said on Wednesday as it speeds up expansion in the fastest growing major economy.
The top global fast food chain, which opened its first outlet in the southern boom town of Shenzhen 20 years ago, is facing fierce competition with Yum Brands Inc, the parent of Pizza Hut and KFC, which has roughly 3,700 outlets in China. But it has been intensifying its input, opening 165 new restaurants in the country this year, with a plan to add up to 200 outlets in 2011.
“China has been the fastest-growing market for McDonald’s worldwide with regard to new restaurant opening,” the fast food behemoths China Chief Executive, Kenneth Chan said in Beijing. “It took us almost 19 years to reach 1,000 restaurants. We will get our next 1,000 restaurants within three years.
To help attract more customers, the US fast food giant has also began to update the image of its outlets, featuring bright, warm colours along with soft, comfortable seating and simple but fashionable interiors.Four restaurants in downtown Beijing have gotten a face-lift already, and 80 percent of its outlets across China will be upgraded by 2013, Mr Chan said :: Read the full article »»»»