Archive for June, 2009

Multinationals Ride a Chinese Railroad Boom

As China spends vast sums to become No. 1 in rail volume and sophistication, IBM, General Electric, and Siemens are playing big roles (V. Wong, BusinessWeek, June 17, 2009).

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June 26, 2009 at 12:59 pm

LeapFrog Investments Raises $44 Million for Microinsurance Fund

The LeapFrog Investments Financial Inclusion Fund, the world’s first investment fund focused on microinsurance, has announced that it has raised $44 million, which it will invest in businesses that provide insurance and financial services to twenty-five million low-income people in Africa and Asia.

The fund raised the capital from public and private investors around the world, including the European Investment Bank, the Omidyar Network, the Hivos-Triodos Fund, ACCION International, and the Calvert Large Cap Growth Fund.

According to a recent Microinsurance Center report, while there are some one billion low-income people in developing countries who are willing and able to pay for a safety net to protect their family or business, fewer than 3 percent of those people currently have any kind of insurance.

“The world desperately needs market-based solutions to poverty that draw in major financial investors by offering fair but competitive returns,” said LeapFrog founder and president Andrew Kuper. “The best part about microinsurance is that we can reach millions of people, swiftly. Microinsurance is both profitable and scalable. We can think big. We don’t have to choose between money and meaning.”

Source: Philanthropy News Digest

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June 23, 2009 at 10:59 am

Amsterdam: A Smart City Goes Live

The Dutch city’s eco-friendly infrastructure has new power hookups for electric cars, solar panels, and household wind turbines (M. Scott, BusinessWeek, June 8, 2009).

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June 15, 2009 at 1:01 pm

Act Now To Protect Your Company’s Trademarks on Facebook

Facebook, owner of the well-known social networking site, announced that beginning Saturday, June 13th at 12:01 a.m. EDT existing users, including individuals and businesses, will be able to create personalized usernames for their Facebook pages, which will operate as an Internet address for direct access to user’s Facebook profiles. Mark owners can also complete, at any time, Facebook’s online form to try to prevent their marks from being registered as usernames.

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June 12, 2009 at 9:02 am

U.S. exports slip 18% through April

U.S. exports of goods and services during the first four months of this year were 18 percent lower than in the same period last year, the U.S. Commerce Department said, reflecting reduced demand in overseas markets for U.S. products due to the global recession.

In the Commerce Department’s April 2009 international trade report, U.S. imports decreased 27 percent over the first four months of 2009, compared to the same period last year, due to the recession and lower petroleum import prices this year (American Shipper Namaste, June 11, 2009).

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June 11, 2009 at 12:56 pm

Business opportunities in Curacao, Brazil

Learn how to build your business with partners in Curacao, Brazil

Doing Business in Curacao

June 9, 2009 at 9:14 am

Donohue’s Bogotá Speech Calls for Continued Action on Colombia Trade Agreement

U.S. Chamber President Says Burden Rests on Congress

Bogotá, Colombia-In a speech today before the Colombian-American Chamber of Commerce in Bogotá, U.S. Chamber of Commerce President and CEO Thomas J. Donohue applauded Colombia as a vital trading partner and urged its political and business leaders to continue to press the U.S. Congress for action on the U.S.-Colombia Trade Promotion Agreement.

“Let me be very clear – the burden now rests on the Congress of the United States, on the government of the United States and on the people of the United States to pass this agreement,” Donohue said. “Every day of delay hurts American workers, hurts American companies, hurts American farmers – and it hurts Colombia too.”

Referencing the success of previous trade agreements, Donohue urged business leaders in Colombia to press the U.S. Congress for action on the agreement through increased lobbying visits to Washington. He also warned them to prepare for the baseless verbal attacks that their country will face as the agreement moves forward.

“Despite many distractions, let’s keep our eyes on the prize,” he said. “Do the hard work of getting ready, educating members of Congress about Colombia, and building support for the agreement.”

While in Colombia, Donohue met with President Álvaro Uribe and U.S. Ambassador William Brownfield. Beyond the trade agreement, he highlighted the Chamber’s support for an expedited, global economic recovery by supporting extraordinary action from Congress and the Federal Reserve, fighting protectionism and strengthening intellectual property protection.

Source: U.S. Chamber of Commerce, Western Hemisphere, Press Release, June 1, 2009

June 3, 2009 at 9:23 am

China Firm to Buy Hummer

An obscure Chinese construction-equipment maker plans to buy Hummer, a brawny symbol of America across the globe, from General Motors Corp. in a deal that presages the future shape of the international auto industry.

The prospective buyer, Sichuan Tengzhong Heavy Industrial Machinery Co., was announced a day after GM filed for bankruptcy protection in the U.S., and almost a year after the company put Hummer on the block (J. Stoll, S. Terlep and N. King Jr., Wall Street Journal, June 3, 2009)

June 3, 2009 at 8:11 am

Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
To learn more about the program, please email Kyle Horseman or call 859.426.3653.

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