Archive for: August, 2012

Successful Business and Personal Finance Decisions

Successful Business and Personal Finance Decisions

An interesting and valid question to be asked is whether business & finance decisions are interrelated in the levels of perception. Does it automatically follow that a highly successful achiever in business will have the same success regarding the management of their personal wealth! Indications are that this is not the case, perceived as being [...]

Japan Manufacturing PMI Dips to 16-month Low in August

August data from Markit/JMMA signalled a further decline in manufacturing output, as new business decreased at an accelerated rate. Backlogs of work fell as a result, while jobs growth eased to nearstagnation. Meanwhile, average costs declined at the sharpest rate since November 2009 and companies continued to lower their average tariffs. After adjusting for seasonal [...]

German Retail Sales Stagnate in August

August data indicated that retail sales stagnated in Germany, thereby ending a three-month period of expansion. At 49.9, down from 50.3 in July, the seasonally adjusted Germany Retail PMI was broadly in line with the 50.0 no-change mark. The latest reading pointed to the second-weakest month-on-month sales performance since September 2010. Anecdotal evidence generally attributed [...]

French Retailers Signal Sharpest Fall in Sales for 3 Months in August

The downturn in France’s retail sector intensified during August to the fastest in three months. Purchase price inflation quickened to the strongest since March, maintaining pressure on retailers’ margins. Employment decreased further, with the rate of job shedding accelerating to the most marked for just over three years. The headline Retail PMI fell to 44.2 [...]

August Sees Steeper Decline in Italian Retail Sales

High street spending in Italy fell sharply on the month in August, and was also down considerably on levels seen one year ago. In line with lower sales and a corresponding decline in profitability, retailers continued to reduce both employment and spending on items for resale. The average price of purchases meanwhile increased at a [...]

Eurozone Retail Downturn Deepens in August

Eurozone retailers faced a deepening downturn in sales in August, according to PMI data from Markit. Sales fell on a month-on-month basis for the tenth successive month – the second-longest sequence in the survey history – and at a faster rate than in July. The Eurozone Retail PMI is an indicator of changes in the [...]

Sharpest Fall in Austria’s New Business in 2012 So Far

Business conditions in the Austrian manufacturing sector deteriorated again in August amid a further reduction in output and faster declines in both new orders and employment. Input costs continued to decrease, but firms raised their output prices slightly. Meanwhile, falling demand for inputs led to a marked shortening of suppliers’ delivery times. The seasonally adjusted [...]

Cbiz Amends $275m Unsecured Credit Facility

CBIZ, Inc. (NYSE: CBZ) today announced that it has amended its $275 million unsecured credit facility effective August 30, 2012. The amendment modifies the existing leverage requirements so as to provide additional flexibility to support the Company’s strategic acquisition program. Ware Grove, CBIZ Senior Vice President and Chief Financial Officer, stated, “This is an important [...]

Dow, SPX Test Round-Number Levels in Decidedly Down Day

“I think the key drivers today were twofold,” said Schaeffer’s Senior Technical Strategist Ryan Detrick. “First, there were some jitters ahead of Fed Chairman Bernanke’s speech tomorrow. The consensus is he probably won’t say anything new, which could lead to some disappointment. Secondly, we had some poor economic data out of Europe, further confirming the [...]

Wal-Mart Among Dividend Stocks Outperforming Market

Wal-Mart Among Dividend Stocks Outperforming Market

This has been a strange year for the stock market. Action has been choppy for the indexes much of the year, yet the Nasdaq is up about 18% year-to-date and the S&P 500 about 12%. Aggressive growth investors might have trouble meeting or beating those gains in these kinds of markets. Choppy action can trigger [...]

SPY, QQQ Hit 4-Year Peak in August

Major ETFs hit their highest levels since 2008 in quiet trade in August and then stalled, anxiously awaiting Fed Chairman Ben Bernanke’s speech Aug. 31 at the annual central bank meeting in Jackson Hole, Wyo. With one day left in the month, theSPDR S&P 500 ( SPY ) added 2.13%, rising for a third straight month.SPDR Dow [...]

ETPD: Next Event in Geneva

SIX Swiss Exchange and Scoach Switzerland are holding the Exchange Traded Product Day on September 27 2012 at the hotel Mandarin Oriental in Geneva. Along the lines of “Information is key” a demanding economic environment asks for thorough and professional advice in matters of investing. The Exchange Traded Product Day dedicates itself to ongoing investment [...]

Public-Private Partnership for Mexico’s Protected Areas

Public-Private Partnership for Mexico’s Protected Areas

Mexico is a ‘mega-diverse’ country, with the fourth-highest number of species of plants and animals of any country on the planet. Yet this high biodiversity is constantly threatened. In response, the World Bank, with funding from the Global Environment Facility (GEF), helped create and capitalize the Fund for Protected Areas (FANP), a unique partnership that [...]

World Bank’s Approach to Environmental Crime

World Bank’s Approach to Environmental Crime

With an estimated $78.5 billion market, wildlife crime has attracted organized criminal network. But the World Bank is helping its clients curb this illicit activity by placing an increased focus on law enforcement. In South Africa, a full-fledged crisis is underway: This year alone, poachers are going to shoot some 600 rhinoceroses and saw off [...]

World Bank Group President Jim Yong Kim to Visit Côte D’Ivoire and South Africa September 4 – 6

World Bank Group President Jim Yong Kim will visit Africa in his first official visit outside the U.S. since taking up his new position in July 2012. He will visit Côte d’Ivoire and South Africa September 4-6 to meet with national leaders, government ministers, women leaders and young people, along with business representatives, to discuss [...]

Up to 16 Million to Benefit from Improved Public Services in Rio De Janeiro State

Up to 16 million inhabitants of the State of Rio de Janeiro, Brazil will benefit from a US$300 million Development Policy Loan (DPL) approved today by The World Bank Board of Directors. The Rio State Development Policy Loan lll will improve the State’s financial and tax administrations, as well as the provision of education and health [...]

Mexico to Receive US$11.7 Million GEF Grant to Promote Sustainable Production and Biodiversity

The World Bank (WB) Board of Directors approved a US$11.7 million grant to promote sustainable production and in favor of Mexico’s biodiversity. It seeks to create sustainable production systems combining production activities, natural resource management, preservation and conservation of biodiversity, in nine biological corridors located across six states: Yucatan, Quintana Roo, Campeche, Oaxaca, Tabasco and [...]

Program Trading Averaged 30.2 Percent of NYSE Volume During Aug. 20-24

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for Aug. 20-24. The data indicated that during Aug. 20-24, program trading amounted to 30.2 percent of NYSE average daily volume of 1,177.4 [...]

Global CEOs and U.S. Small Business Owners Have Mixed Views on Job Growth in 2013

Global CEOs and U.S. Small Business Owners Have Mixed Views on Job Growth in 2013

CEOs of NYSE-listed companies are twice as likely as U.S. small business owners to expand their workforce in 2013, according to the recently released NYSE Euronext 2012 CEO Report.  More downbeat compared to their optimistic large-company counterparts, two-thirds of U.S. small business owners say they may not add jobs in 2013, with some anticipating reductions [...]

Changes to ITIN Application Process Burdensome and May Prevent Some Taxpayers from Qualifying, AICPA Tells IRS

Changes to ITIN Application Process Burdensome and May Prevent Some Taxpayers from Qualifying, AICPA Tells IRS

The American Institute of CPAs told the IRS that the new interim rules about how taxpayers must apply for Individual Taxpayer Identification Numbers (ITINs) for 2011 tax returns are burdensome and may prevent some taxpayers from getting the documentation they need to qualify for an ITIN. Individuals who are not eligible for a Social Security Number must [...]