This is one of the horrible acts of company steeling – by a government! Argentinas president Christina Kirchner, yesterday nationalized more than 50% of YPF, one the biggest oil and gas enterprises of the country. Because the oil industry is of "national interest" (in which country it is not?), she issued a law, which will get her all assets of the company. The ´Spanish owner will only hold about 5% after it.
Foreign company owners of many markets in Argentina who have assets in the country are now fearing about their investments.
Kichner says, YPF did not invest enough in the future and is responsible, that Argentina now must import oil and gas instead of exporting it.
Source: WSJ Germany
The Chinese main currency Yuan (or Renimbi) is going to be the lead currency world wide and replace the US Dollar. Tight regulations from Bejing government to protect the currency did block this efforts until now.
After a successful period of trade in Hong Kong, they will now start the next step, which will give Chinese companies the ability, to get Yuans from other countries. The first step will allow the fix amount of Renimbi, the second will be more liberal.
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Sounds a little bit to easy, but it works. If you issue a well written and structured press release and target the right media, make continued follow up calls, send samples or more information to the editors and target exactly your customer group, your sales will increase dramatically.
The main problems with press releases are:
- untarget
- uninteresting
- only once
- without a concept
- to self fixed and not written for editors and readers
- not periodically and planned, but by surprise
- not follow up calls and emails
- no thank you calls and emails after press reports about the news
If you avoid this problems, press releases could be a great sales tool. From 2000 to 2005 we nearly covered all major media with our gadgets and electronical products, just by following this simple rules. This covered all German speaking countries in Europe and a wide range from livestyle, TV and general news, to boulevard and strictly business publications.
If you want to know more, want to have us suppport you with your press release or launch a campaign, contact us.
Russian grain prices are rising fast. The government is now interventing and starts to sell 2 MLN tons of grain of its own stock. This is nearly a third of the states whole stock and shows the importance of this step.
Prices went up for about 12% since beginning of this year and are causing higher consumer prieces for basic food in Russia. 2005, 2008 and 2009 harvests will be sold mainly into Caucasus region, reports RIAN.
About 148 companies will participate in monthly rounds of trade, starting by this Wednesday.
Most companies in Europe and USA we know, tell the same problem: once you have found a good and reliable supplier in Asia, you get top prices and quality. The second shipment deepens the trust with low prices and a high service level. With the second inquiry and order you expand to trust the new company and this is in 90 of 100 cases the time, they raise the price and slow the speed.
Its a little hard to understand, why this is happening, but it is a rule since about 15 years, we are doing business with Asia know. The result is always the same: if you like the supplier or the selling person, you write them about it. The answer is also always the same: "you will receive best quality and prices and we are the lowest in the market. The other companies have less good products."
A simple inquiry check at Alibaba returns the same low prices as before and the same quality. Thats the time, when we change the supplier.
Until today, I can not understand, why suppliers work like this. In Europe, companies work with long term business and relationship. We learn from each other, trust each other and help each other, when there might be trouble with the order.
All Asian suppliers could have smoother and more profitable business with less time and money investment for new customers, if they follow this simple strategy.
European banks seem to face the same problematic as the Chinese: their semi monopoly for credits and loans is blocking investments and expansion in different markets . Blue Chips like ArcelorMittal, Luxottica and Scheffler seem to be fed up with this procedure and get the money directly from the markets. They issue bonds with a volume of at least +136 Billion Euro for refinance and as fresh capital, says WSJ Germany.
Usually, the minimum volume of such bonds is around 500 Mio. Euro, but it seems to be a question of time, until the European Central Bank or other institution will open their gates to flood smaller companies with hardley needed money, too.
Nice to know: nearly all bonds have been oversigned! That means money lenders are very interested in direct investments and this way to get their benefit.
This could also be a way for Chinese companies and organisations, who faced a shortage in fresh money, too.
If you think how to expand your business, check the list of addresses in your email client, first.
There are people and companies, who already had a contact to you and are a possible source for new business and profits. Contacting them is easy.
Send them a short email with a two- or three line message and a link / picture with your latest product or best price offer. If only 2% of them answer, you might have a nice profit, without contacting brand new customers and convience them.
Do this once a month and be creative with message and headline. Inform and educate your customer, but never bore him. Again: don`t send smilies, "how are you and your family" and links to songs and puppy pictures.
Your customer is busy (hopefully) and has no time for private things. But he will appreciate, if you help him doing his job better or make more profit.
According to Premier Wen Jiabaos words, he will break the monopoly of the four major Chinese banks. They are state owned and cover the biggest part of the credit market in Mainland China.
"To cautious with credits and blocking the business", is the credo of the message, he issued yesterday. The banks are to tighten and don`t feed the market enough with the heavily needed fresh money, he said. Especially the small and midsized companies need fresh money to finance their turnover and profits.
Wen will renew and break up the existing bank system and make it more liberal for the future expansion of the tiger state.
However, a great revolution will not be expected, but a moderate slide into the right direction. More details at WN.
The situation might be similar as in Germany and Europe, where at least since the 2009 crisis, small and mediums enterprises are demanding a better and faster credit support from the main banks. At least after the Basel outdits at the beginning of 2.000, this problem is existing and blocking great parts of this part of the markets.
All moves or "want to be moves" of the government did not change this.
Greece did it, Spain will do – probably. A bailout, which is not communicated as bailout but a "cut" hit Greece as the source of Democracy in the world as first victim ever. Now Spain – struggeling with high jobless rates especially for young people, an epic properties bubble and a sharp cutted economic curve within the last 24 month, might be next candidate for the "hall of shame".
Fin24 titled "Pain in Spain" today and publishes some shocking news:
- increasing recession
- increasing jobless rate through all ages of employment
- 70% public debt of gross domestic product
- depressed consumers are slowing domestic markets economy
- housing prices will lower for up to 30% within the next years
- Tourism companies – formerly pushers of economy – are now fighting for their lives
- Banks reject to lend money to business – even to blue chips
Spain has twice of the economic size of Irleand, Greece and Portugal together!
The main question is: will the EU cover Spains expenses and much more important – is Spain still able to get their economic job done?
My personal opinion: Spain is in a downturn spiral, for which external influences are responsible. You can high rate or down rate every economy all like Benjamin Franklins epic words "never trust a statistic, if you di not faked it by yourself". If Spain bails out, at least four other countries will follow. But a bail out does not mean bankrupty. "The money is still there, but by now, someone else has it."
And Spain will remain in the EU. But only with a "cut".
