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G20 to curb currency devaluation

G20 discuss Currency

G20 discuss Currency

Moscow- Finance Ministers and central bankers of the Group of 20 (G20) on Saturday pledged not to target exchange rates or devalue currencies for the purpose of making them more competitive. [Read more…]

AEC seeks to end Japanese dominance

ASEAN Economic Community

ASEAN Economic Community

The implementation of ASEAN Economic Community (AEC) in 2015 is likely to reduce the dominance of big Japanese automakers in the region introducing a more level playing field. Smaller Japanese players such as Suzuki, Mitsubishi and Isuzu and new entrants will gain the most from the implementation of AEC, as the level playing field will make it easier to expand their presence and challenge incumbents. However, big Japanese OEMs are still likely to continue to lead the market. [Read more…]

Conference Gives 2013 Outlook on Market

Global Automotive Market

Global Automotive Market

Complimentary web conference reveals which global OEM is expected to cross the 10 million sales mark, while another may be acquired

2013 is expected to be the year of the dragons and eagles striving growth and balancing fall in the European automotive industry. While China is expected to cross 20 million vehicle sales, the U.S. market is expected to reach 15 million sales, a record high since the economic crisis in 2007. On the other side of the Pacific, the ASEAN markets had a tremendous growth in 2012 with Indonesia joining the one million sales club for the first time. [Read more…]

Vision China Media Contempt motion

Vision China Media

Vision China Media

Oak Investment Partners and Gobi Partners have filed a contempt motion in the New York State Supreme Court against VisionChina Media, Inc. (Nasdaq: VISN) and its subsidiary, Vision Best Ltd., for their failure to transfer $60 million into New York State by August 21, 2012. [Read more…]

World Bank chief prioritises tackling growth

World Bank Group

World Bank Group

Washington – On his first day as president of the World Bank Group, Jim Yong Kim stressed the role of the 188-member organisation in helping address global growth risks and providing development assistance. [Read more…]

Investment theory

Investment Skills

Investment Skills

New research by two American experts has demolished the key belief of efficient market theory, which several generations of students were taught as the foundation of their investment skills, that high reward is the consequence of accepting greater risk.

Their study of 21 developed and 12 emerging markets that lower-risk low-volatility stocks consistently delivered market-beating returns.

Between 1990 and 2011 the least-volatile decile of developed nations’ shares generated total returns averaging 8.7 per cent a year, while the most-volatile produced a negative 8.8 per cent a year. In the US alone, the comparable figures were a positive 12 per cent average and a negative 7 per cent.

One of the researchers, Robert Haugen, of a California-based research house, says the outperformance by low-risk stocks in every country contradicts “the very core of finance,” turning upside-down the theory about risk and return.

CopyRight – OnTarget 2012 by Martin Spring

for more on Martin Spring see – TheBizSense Views – Views & Forecasting

ING Bank Reaches Agreement

U.S. Department of the Treasury

ING Bank announced today that it has entered into a Settlement Agreement with U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Deferred Prosecution Agreements with the Department of Justice, the United States Attorney’s Office for the District of Columbia and the District Attorney of the County of New York (together the “U.S. Authorities”) in relation to the investigation by those agencies into compliance with U.S. economic sanctions and U.S. dollar payment practices until 2007.          [Read more…]

Credit Risk In Most Countries

Worldwide Construction

Worldwide Construction

The situation of companies in the construction sector closely reflects the world, regional and national economic trends. At a time when the world economy is characterized by divergences between countries, with a recession in the euro zone, there are significant disparities between countries and subsectors. The construction sector was badly hit by the 2009 crisis, and a large number of payment incidents were still occurring in 2011. [Read more…]

US markets may avoid major shock

Washington – Despite Friday’s downgrade of the US government’s top-notch credit rating, the first in history, US markets may avoid a major shock, as the rating decline came as no surprise and may already be priced into markets, some analysts said on Sunday.

However, the downgrade came at a time when the United States is still slogging its way through a sluggish recovery from the worst recession in decades. While Friday’s jobs report was positive, markets will be trading mainly on the news of the downgrade, which was reported after the markets closed on Friday, the analysts said. [Read more…]