Economy and Business Info

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Today the United States met since the second quarter GDP was revised down from +2.4% to +1.6%. While this figure seems bad, not so much because the market was expecting a downward revision from +2.4% to +1.4%. This has given relief to the markets, which record highs this morning led by the Dow Jones (+0, 60% after opening).

We are waiting for what Ben Breanne may say today about the future of the economy during the Annual Meeting of Presidents of Central Banks, as well as the Consumer Confidence number of Michigan Universidad August (projected at 70 pts.)

With the above, the negative tone continues in international markets, but the contagion to emerging economies has been very limited.

For now, we maintain the negative bias, since there is no sign that this is over. However, we recommend caution in the current levels because the market three weeks of low accumulation

Central Securities Depository, Inc. (DCV) of Chile and the Depository Trust and Clearing (DTCC, for its acronym in English) U.S. today announced they have signed an agreement that recognizes and strengthens their relationship and will provide the foundation for future collaboration.

“We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and customer support”

The objective of this collaborative venture, which will leverage technology and expertise of both organizations is to expand offerings and capabilities of DCV and DTCC. This will allow both organizations to leverage local market knowledge and develop broader offerings in Chile and throughout Latin America, at the same time reducing risks and lowering costs.

“Chile has one of the strongest economies in Latin America and represents a strong financial market and growth in the Americas,” said William B. Amity, president and chief operating officer of DTCC. “We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and support their customers.”

“We believe that this working relationship will give DCV some strategic advantages in fulfilling our mission to make the Chilean capital markets more efficient and attractive to capital market growth,” said Fernando Yates, Director General of DCV. “We expect to benefit from the experience, technology, scale and global reach of DTCC to assist in the growth of services for capital markets in Latin America.”

Previous discussions identified some possible areas of collaboration related to operational risk and business continuity. For example, CSD currently has data centers in different parts of Santiago, the capital and largest city in Chile. However, communications with backup sites located 500 kilometers from the city of Conception were destroyed and were deactivated during the earthquake of February 2010. DTCC DCV and believe there may be an opportunity to collaborate on issues of business community, leveraging of DTCC experience after 9 / 11 is the creation of redundant backup data centers.

The agreement announced today was developed after an invitation in December 2009 by the CSD to DTCC to make a capital investment of 10% and unify DCV Directory. By making this investment and join the Board of DCV, DTCC has demonstrated its commitment to the region and their high expectations for future cooperative efforts with DCV

In May 2006, issued a press release that hit the Israeli economic environment. It was the purchase, by W. Buffet, 80% of the company Oscar, a maker of tools for the metalworking industry, for four billion dollars. The news, at that time, he realized a very important event and that certainly could be interpreted, rightly, as a show of confidence in the country’s industrial capacity.

However, we should remember that at that time the treatment the media gave Israel the transaction was such that it seemed that we were all fortunate. This led me to write at the time that “very nearly every one of us feel personally that was about to pocket some of that money and shared the honor of being chosen by the said investor to buy it ‘our’ company”.

Course and had passed while the impact of the transaction, re-entry to normal and the acceptance of that in the best, the most favored are the former owners of Oscar, while for the country and society can have meant a further step in the weakening of its ability to control their resources.

I came to mind this incident to reflect on what is happening with the discovery of large deposits of natural gas in the territorial waters of the country, news that has again placed as the subject of headlines.

Until recently, Israel was recognized as a country endowed with little natural resources, particularly energy resources. However, in the late 90s were discovered and put into operation a natural gas field (the Mari-B field) in territorial waters against Sakhalin, it is estimated that this site will remain productive until 2012 .

In early 2009 the same company that had explored and exploited the Mari-B field, is an American business consortium partners (Noble Energy) and Israeli (Derek, Asarco, Door Gas) – announced the discovery of a new field natural gas (field Tamar) off the coast of Haifa, estimating that would be able to meet the needs of the country for the next 15 years.

In addition, in June this year the company announced that the consortium said the new discoveries, including the field Leviathan, Israel would be entering a path to energy independence because it would have “sufficient local power for 100 years.”
Please note that Israel imports about eight million dollars to 9,000 annual energy commodities (oil, gas and coal, mostly), which represents almost 20% of total U.S. imports, excluding diamonds.

The world economy is recovering from its worst recession in decades, although some regions such as North America and Asia, recorded slower growth, according to a study released today by the International Chamber of Commerce (ICC, for its acronym in English).

There was also a marked difference between the growth prospects of different regions. Globally, the economic sentiment indicator fell slightly from 104.1 in the second quarter of 2010 to 103.2 in the third quarter. This was in part a product of the fall in the indicators of two important regions, North America and Asia.

, the overall numbers continue to show substantial gains compared to the third quarter of 2009, when the global economic indicator was 79.6.

The Report of the Global Economy Quarterly was conducted by the If institute in Munich in cooperation with the ICC, for which questioned more than 1,100 experts in 166 countries.

Western Europe, whose economy seemed to be slowing in the previous report, had a surprise performance this quarter, with Germany as the engine of growth in the euro area thanks to rising exports.

In fact, Germany, with growth of 2.2 percent, had its strongest quarter since the reunification of Germany in 1990. However, the recession in Greece and the ongoing adjustment programs in Spain and restructuring in Portugal and Ireland temper Europe’s prospects.

Meanwhile, in North America, growth has slowed in the last quarter. High unemployment in the U.S., the weak private consumption and capital spending led to a less than satisfactory, according to experts consulted.

Meanwhile, there is evidence of a slowdown in the Chinese economy. While its growth rate remains impressive, the weakening of imports and retail sales, along with the Chinese government’s withdrawal of its expansionary monetary policy that we will have an economic slowdown in coming months.

In Africa, there is a strong contrast between South Africa and Kenya, which show positive signs, and other countries with a weak scenario, such as Tanzania, Gabon and Madagascar. South Africa received a boost from hosting the World Cup.

On trade and investment across borders, the study indicates that private consumption, which is key for growth in these areas, remains weak, influenced by high rates of unemployment. Another factor limiting trade is the lack of access to commercial financing in countries such as Spain, Bulgaria, Czech Republic, Hungary and Romania. These factors, in addition to the protectionist measures in countries like Germany, Denmark and Norway, contribute to the prospects for trade and investment are not the most positive.

Since the boom in social networking platforms, many people from various industries recently took notice of the Internet as a platform for “serious” business and marketing.

Because of this rapid growth and explosive, a good number of businesses and independent professionals have overlooked the basics of internet marketing and have trained many myths. Here I tell you that I think are the three main

one. Web traffic is not as important

People / businesses that do not get much traffic (visitors) on their websites obviously tell you that traffic is not as important, but you must understand that traffic is what makes a business on the Internet is good or not.

While you and your business are exposed to, more people the better. It is true that most important is the quality of the visits that are interested in what you have, but who said you cannot have quality visits, and many are themselves?

2. The email marketing is dead

the fact that now the majority of internet users spend much time on social networks does not mean go out there to sell directly.

When you signed up for You Tube, Face book, Twitter and linked in did you do it without an email account? Are communications about your bank account you send them to Face book or Email? “To integrate a payment platform on your website ask for your credit card and your Twitter account or your email account?

Use an email marketing service (not just your RSS feed subscriptions) as Weber for example, and have an email list of subscribers volunteers, with whom you have a good relationship because they give useful content … is the most powerful thing you can have with your internet business.

3. Not need to invest in knowledge because there is free information on all

the great Jim Rohm said, “Skip a meal if you must, but never do with a book.”

Not all information is freely available; do not believe the story of people who skimp on their training. If you want to earn serious money, invest in yourself and your business … invest in the experience of others, no bargain for your success.

Obviously not, invest in any book / course. Notice that the author has own results with what he teaches, and that is key … the author must have own results with what he teaches.

The social network marketing goes far beyond having a bog, a Twitter account and Face book page. Marketing on social networks does not work “in all its glory” if not very well known internet marketing in general. You must have a proven business model, before joining social networks.

There are numerous business opportunities online and from home today, but not all aspiring entrepreneurs are successful. Success in business on the Internet comes down to a real science. When you talk about Internet marketing, your profit comes from the success of two factors: the traffic of people to your site and the conversion rate of the product or opportunity you are selling, i.e. the number of people who actually buy your product or are linked on the opportunity you offer.

The first step is to create your own capture page, auto responders with a system that lets you keep in touch with your list of prospects. The next step is to create a second web page, so what we are doing is creating a sales funnel. Once you have this configuration, you can carry Internet traffic to your site. Your web traffic is the direct result of your marketing efforts. There are hundreds of ways you can take, both free and payments, to create a massive flow, and endless traffic to your website.

The conversion of your funnel depends on many factors, including how well it reports the quality of your writing, and of course the product or offer for sale. Suture new to Internet marketing, building your sales funnel and learning to optimize the conversion rate can be a daunting task. Learning the proper writing for the Internet can take a long time and practice.

If you find a system with a commercial product and a funnel automated already in place, with a high conversion rate, you will be light years ahead of others. All you need now is the right attitude and an unyielding decision to success and you will create huge amounts of cash in no time! Internet marketing is a science, and if you learn these skills, you will be unstoppable.
We want to help so I go to the right column and your free video calls and reporting to learn internet marketing and how to generate additional revenue.

Software AG, a world leader in business infrastructure software, announced that it has strengthened its positioning strategy in the financial market by adding new customers and their participation in key events for the sector.

Through the implementation of Software AG’s BPM, companies can automate and streamline business processes that mean a waste of time and money as those that require interaction with various back-end applications or those that are handled through emails.

Among its main advantages, BPM enables companies to
one. Modeling a process and automate their execution “within the same platform user, without having to develop additional application functionality
2. Simulate and optimize different scenarios, so that we could analyze the behavior of the business before implementing in production
3. Be integrated into a future with Airs, leading tool in modeling processes, also owned by Software AG
4. Generate specific management indicators for the processes (BAM)
5. Having the lowest cost of ownership thanks to its high productivity
with these applications, banks are able to optimize the management of their business and, consequently, their services to the public.

The company has also participated in events aimed at industry professionals, such as the International Conference on Technology for Financial Business organized by AMBA.

“We offer a tool that fits all the requirements of financial institutions, as we seek to be a business partner of companies in the sector,” said Leander Gideon, Director of Sales for Software AG Argentina.

About IDS Schemer

IDS Schemer Group is part of Software AG and is a leading provider of software “Business Process Management (BPM), solutions and services for global corporations and public organizations. With the ARIS Platform for “Process Excellence”, the company offers a portfolio of integrated and comprehensive solution to the strategy, design, implementation and monitoring of business processes, enabling companies to continually improve overall business performance. Using the approach ARIS Value Engineering (AVE), IDS Schemer consultants bridge the gap between corporate strategy, business processes, IT solutions and process control.

About Software AG

Software AG is a global leader in Business Process Excellence. In our 40 years of dedication to innovation, we have created among other products, Anabas, the first transactional database of high performance; ARIS first platform for business process analysis, and web Methods, the first server and B2B integration platform based SOA.
We are unique in the world that offer simple solutions for the business process management (BPM), with the total cost of ownership. Our industry-leading brands, ARIS, web Methods, Anabas, Natural and IDS Schemer Consulting, represent a unique portfolio: process strategies, design, integration and control, data management and SOA based integration, implementation, processes managed by SAP consulting, and strategic services processes.
Software AG in 2009 had revenues of 847 million euros (IFRS, unedited) and has over 6,000 employees serving 10,000 corporate clients and public institutions in 70 countries.
Our comprehensive services and software solutions enable companies to achieve business results faster.

The value of the company is an indicator that the vast majority of cases, employers tend to forget and only remember him when they have to sell your company or someone makes them an offer to buy it. However, the value of the company expresses many things and can be used to measure the actions taken in the company, at a given time and their influence on it.
The other myth is that the value of the company is a metric that can only be used by large employers. Quite the contrary, it is a tool that can be used by all employers, regardless of company size and industry in which it operates.
There are many ways to calculate the value of a company from a very simple as multiplying the sales or net income by a multiple, as the most complex, involving the need to make projections for five or 10 years depending on the amount of data that have and how sophisticated the same business area.
The important thing is to be clear that as is necessary to do appraisals for any property that you have, and keep these updated valuations, entrepreneurs, business owners and shareholders must be clear of the value of their companies, at any time, and maintain updated it.
This can be done internally, as a function over the company’s CFO, and / or hire a professional in the field, which can be impartial and objective at the time of the different formulas to measure the value of company.
Before starting any process of valuation, of any size, it is necessary to obtain historical information of the company, so this is the foundation for building the future. Once this historical information is worked, there should be forward-looking building. This historical information should be supplemented with plans for short, medium and long term that the company has, as well as an analysis of the economic situation in the area of influence of the company. Despite the good economic times of the Republic of Panama, is not the same have a Super Mini in Puerto Argüelles, where the local economy is depressed, a mini Super in Chorea, with a growing population, changing and improving economically.
The simpler is the company and its books, the faster will be the projection process, however, if accounting is complicated, the construction of the projections is also complicated, requiring more time for construction.
The important thing in any case, is that your company has accounting, since without it is impossible to make a valuation and will do the accounting necessary first to start the process (and do not think this is unusual, in my years as a consultant Financial, we have found different types of companies whose records do not exist, or leaves much to be desired).
Do not worry if it is a medium or large company, and has no CFO. You may have this function in your company through an outsourcing service, without any trauma, as we understand that for many businesses, having an accounting department or accountant make them meaningful and financially viable, while hire someone in finance represents a strong brew. For this, we provide outsourcing services, which would be the first step for their accounts to another level, and to learn to make strategic decisions with a little more ill give us a higher GDP more healthy and stable.

Vice President and Minister of Economy and Finance of the Government of the Canary Islands, José Manuel Scoria, has authorized the payment of the amount for the upgrade of the cost of the powers transferred to the Island Councils for the liquidation of the financial year 2007 amounting to 9524 EUR 468

Of the more than nine million euros, the Cabled de El Hero will receive EUR 329 154 for a single payment, the Cabled of Fuerteventura, 379 478 euros, the Cabled de Grin Canaries, 3,110,382 euros, the Cabled de Linarite, 340 465 euros, the Cabled de La Gomorra, 402 891 euros, the Cabled de La Palma, 1,248,562 euros and 3,713,536 euros Cabled de Tenerife, said the Ministry of Economy and Finance in a press release.

This amount is in addition to the first two periodic payments already made, that belong to the Corporations island to cover the costs of the powers transferred this year, 102.4 million euros, and the payment of other 6 8 million euros for the impact to the councils of improving the new system of financing of autonomous regions. In total, the executive has been transferred to the Canary Islands councils so far this year more than 133 million euros.

This economic boost is a reflection of the commitment by the Government of the Federation Canaries Canary Islands (Facial) and shows the concern of the Executive canary situation facing the Island Councils, despite the economic adjustment, which is immersed.

In particular, the Ministry of Finance has authorized the payment at the beginning of each quarter of this year’s 25 percent of the cost of the powers transferred to councils for 2010.

Thus, of 204 761 128 euros for this purpose throughout the year the Cabled de El Hero has received the second quarter of this year 1,759,937 euros, the Cabled of Fuerteventura 2,658,736.50 euros, the Cabled de Grin Canaries 17,886,827.75 euros, the Cabled de Linarite, 2,279,984.75 euros, the Cabled de La Gomorra, 2,128,558 euros, the Cabled de La Palma, EUR 5,508,302.75 and the Cabled de Tenerife, 18.967.935.25 euros.

Furthermore, it has also made the second payment this year because of the impact to the councils of improving the system of financing of the Autonomous Communities and Cities Joint Regime with the Statute of Autonomy. The total for the second quarter of 2010 amounts to EUR 3,272,927.11. The Cabled de Grin Canaries has received 1,142,927 euros, the Cabled de Linarite 35 247, the Cabled of Fuerteventura 184,596.25, the Cabled de Tenerife, 1,233,367.50 euros, the Cabled de La Palma, 395 018 euros, the Town Council La Gomorra, 152,665.25 euros, and the Cabled de El Hero, 129 106 euros.

Thus, the Government of the Canary Islands to a share of this additional funding councils established by Law 22/2009, which regulates the financing system of the autonomous communities, with repercussions on the same economic benefits derived from the recognition by the Act, a variation of the population between 1999 and 2009 positive, and also contributing to the proper provision of public services made by corporations island as a result of the powers transferred to the autonomous community to the councils.

Although for many entrepreneurs the high exchange rate is the umbilical cord of profitability, economists agree that there are other macroeconomic tools to fall back row instead of resort to devaluation, which will end up devouring wages. Facilitating access to credit, institutional strengthening and modernization of industries are some of the notions that would help foster competition in this context of high inflation and a stable dollar.

To begin, analysts demolished the myth of the overvalued exchange rate, while strengthening the certainty of what an important change in the dollar’s value further bleeding end pockets.

According to the Center of Regional Economics and Experimental (CERX), “the current exchange rate remains competitive. The acceleration of inflation that took Argentina’s economy over the past 3 ½ years reduced the exchange rate advantage gained with the devaluation, but not deleted. “And they claim that the real exchange rate remains 23% higher than it had in 2001.

However, why, if the exchange rate is more competitive than in the ’90s, the companies show similar or greater difficulties to which they were in those years? According to the petition of CERX, the problem is simple: the real exchange rate declined 40.5% compared to the current value in the period 2002-2006. In contrast, production costs sustained increases since 2002. Wage increases, changes in raw material prices and increasing the tax burden put together a combo in which the dollar at $ 3.9 is insufficient for the current productive structure (see graphics).

“The problem we have today in terms of competitiveness in the movie of recent years and not in the current photo. Not so much of the nominal exchange rate is nearly twice as real, but what happens to the prices that are twice the rate of devaluation, “says economist Dante Sic, the consultant Abaci. Y specifies, “The issue is not to devalue, because the characteristics of the Argentine market, any move to price movement and the devaluation effect is lost.”

Other analysts also reject the use of blowing up the American currency. “When reviewing the experiences of countries more competitive, which is observed is that they succeed by appealing to other factors beyond the exchange rate”, says Ricardo Delgado, Analytical. The example chosen is Brazil. “Despite having a low exchange rate has a strong growth of industrial imports. This is possible because it has long-term policies, sect oral regimes have subsidized and allowed to jump to various industries, and, Of course, we must take into account the scale factor, the size of the domestic market. “

In this line CERX mentions a central figure: the real exchange rate of Argentina in relation to Brazil country that is 20% of our exports is still 109% more competitive than it was in 2001. The same applies to other major trading partners like the United States, China, and even today devalued the European Union.