Posts filed under ‘General Information’

Unrest in Egypt turns anxious eyes to Suez Canal

AS VIOLENCE has broken out in Egypt, concern has turned to the risk of the blocking of the Suez Canal or nearby pipelines, which could pose a threat to world energy supplies.

So far oil and gas flows through Egypt have not been interrupted, and the army has strengthened security around the canal and pipelines.

But rising tension in the port of Suez has led several shipping companies to order their ships not to change crews in Egypt. And disruptions in government port services have slowed the discharge of some crude oil cargo at the Red Sea port of Ain Sukhna, at the southern entrance to the canal.

Advertisement: Story continues below ”Potentially, we see attacks on employees of shipping companies and attempted attacks on vessels docked in ports if you see more violent demonstrations around the ports,” said Helima Croft, a director and geopolitical strategist at Barclays Capital. Read More

SOURCE: C. Krauss, The Sidney Morning Herald, February 4, 2011

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February 3, 2011 at 8:50 am

In China, Google Fallout Damages Yahoo!

Long before Google (GOOG) had problems with China’s censors and hackers, Yahoo! (YHOO) was struggling to follow Beijing’s rules without alienating the company’s users in the rest of the world. Yahoo often didn’t succeed: In 2006, critics subjected it to scathing criticism: U.S. Representative Tom Lantos (D.-Calif.), a Holocaust survivor, compared the company’s executives to Nazis. A year later, at a Congressional hearing following disclosure that Yahoo had given the Chinese police information that helped jail a dissident who had used Yahoo e-mail, Lantos called Yahoo executives moral “pygmies” for cooperating with Beijing. Link

Source: B.  Einhorn

January 21, 2010 at 10:41 am

China’s longs market continues to fluctuate

SteelOrbis – Over the past week China’s domestic long products market has retained its fluctuating trend,with a minor slide observed in market prices in most regions and a small climb in some individual markets.

Affected by poor market demand,longs prices in the eastern China market posted an overall declining trend in the past week,which was also caused by the decrease in the steel futures market in the first half of the week. Nevertheless,given the support of high cost levels,the market has not fallen sharply. By the end of December 10,rebar inventory in Shanghai reached 460,000 mt,neutral week on week; meanwhile,wire rod inventory in Shanghai stood at 98,000 mt,up by 5,000 mt week on week.

Driven by the Shanghai market as well as by the decrease in the steel futures market,long product prices in the south registered a minor decline on the whole during the first half of the week; subsequently,however,the market began to see a certain improvement following the recovery of the steel futures market. (Alibaba Group,6 Dec 2009 02:53:24 PST)

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December 17, 2009 at 8:00 am

Payment Options for International Transactions

You and your customer will assess many factors as you negotiate the payment term that will be used for your international transaction. They include, but are not limited to:
Value of the transaction;
Your relationship with your customer, new or long-standing;
The country where the goods are destined;
The buyer’s country’s rules about how money will be released to you, the seller; and
Whether the product being shipped is customized, built to specification, or off the shelf.
The global economy is fluid; firms will benefit from regularly examining its own customer base and assessing political, credit and foreign-exchange risks to determine which payment term best suits the situation. There are several sources that provide background information on the buyer’s country and their economy. Options that are available on the internet include:

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December 8, 2009 at 8:00 am

U.S. Power Companies Seek Out Chinese Allies

Duke Chief Executive Jim Rogers said these deals are just the beginning, and that he may solicit Chinese financing for the $25 billion in capital Duke needs to raise in the next five years to build new plants and upgrade other facilities.

As President Barack Obama meets with Chinese officials this week, tamping down carbon-dioxide emissions is on the agenda. The U.S. and China together account for 40% of the world’s output of the gas, the leading culprit in global warming. The two nations’ talks are expected to explore ways they can cooperate to solve common problems, such as making coal a cleaner-burning fuel.

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November 25, 2009 at 8:00 am

E.U. Plan Could Lead to Lower Cost International Calls

BERLIN — The European Commission will urge the 27 European Union countries Wednesday to reserve a uniform slice of broadcast spectrum for a pan-European mobile broadband network, one that could enable flat-rate, international voice and data calling plans.

A copy of the proposal, reviewed by the International Herald Tribune, sets out technical guidelines for E.U. countries that choose to redeploy part of their low-frequency spectrum, a bandwidth that has been used exclusively by television broadcasters since the inception of the industry more than 50 years ago. (By KEVIN J. O’BRIEN, The New York Times, October 27, 2009)

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November 3, 2009 at 8:00 am

Outlook of Small Business Manufacturing Owners Fall 2009 Survey

Manufacturers Are Most Likely To Say Employee Morale Has Worsened; Retailers Have the Least Positive Outlook on the Economy Compared To Business Owners over All; Businesses in the Services Industry Are Least Likely To Take a Risk.(Manufacturing & Technology eJournal | October 21, 2009)

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October 27, 2009 at 8:00 am

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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.

RSS Northern Kentucky Chamber – Calendar

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