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Internet advertising spending would grow 40% this year

2009-08-31T14:51:00.000-07:00

With over 40 million users in Latin America and more than 3.6 million in Peru, Facebook is a social network that has grown rapidly (from December 2007 to March 2008 recorded 10 million users).

According to IAB consultant, while Internet ad spending is still low (should this year to 2.5% of the advertising pie in Peru, about U.S. $ 15 MLLS. And a 40% growth versus 2008), the betting for advertising on social networks would increase.

Florencia Sabatini Facebook representative in Argentina, says that its advertisers are Coca-Cola, Claro, Movistar and Samsung. The cost of marketing campaigns on the site ranges from $ 1,000 to over U.S. $ 100,000. His next goal: Peru.

Business as a development

2009-07-30T08:06:00.000-07:00

History provides numerous examples of how business has been the medium that has made possible the economic and social contacts, and even beyond political and cultural exchanges between peoples of the earth.

The need to sell their produce always has forced traders to seek new markets in distant countries to find out, acting as advanced in the political or cultural ties that later come to be. Remember in this respect for the enormous impact that cultural exchange was the business of the Phoenicians and Greeks on the Mediterranean coast. These merchants were the pioneers of post-settlement population, which irradiarían their own culture on the inhabitants of the territory "discovered." The same could be said of trade, barter basis, of the people "Americans" who are the source of some of the cultures most important pre-Columbian America.

Even today, the business remains an appropriate means to strengthen or even create, the relations between nations are very distant from each other. In many cases, these changes have facilitated political understandings that would otherwise have proved elusive.

The global crisis is already slowing, according to EU

2009-04-27T08:24:00.000-07:00

Despite the difrencias with regard to improving the resources of the International Monetary Fund, Treasury Secretary Timothy F. Geithner said last Saturday that the measures taken by governments and central banks have begun to achieve some positive results.
"The recent data suggest that the pace of contraction in our economy has slowed and tentative signs are emerging of an improvement, amid a landscape of persistent weakness," said Geithner. "However, the risks of a downturn persist."

Geithner made the comment at the meeting of the International Monetary and Financial Committee, the panel that sets policy and the International Monetary Fund, which met during the gathering of governors that the Fund is held in conjunction with the World Bank in Washington.

Nicolás Eyzaguirre, IMF director for Latin America and the Caribbean, said the day before that recovery was occurring in the hemisphere and because of that regional banks have not been affected as much as in the industrialized world, where the recovery would start in the second half of 2010.

Position against
While he spoke, dozens of demonstrators protested in the bustling streets surrounding the IMF and World Bank, institutions they attributed much of the crisis. Several of them clashed with police when they tried to march by blocked streets and some were thrown to the ground, but without major consequences.

Poor countries that met in the G24 said in its final communique that the crisis was still taking a "disproportionate effect" in emerging economies, with low prices of raw materials, a sharp reduction in exports, lower remittances, private flows negative net capital and difficulties in the credit.

The industrialized nations of the G7, however, promised to make efforts to commit more financial resources to reviving the global economy, but still had differences with other countries, including India and Brazil on ways to improve the IMF's role in the crisis.

The IMF has forecast that the global economy will shrink 1.3% in 2009, but said that next year the economy returned to positive ground, with 1.9%.
(source: elcomercio.com.pe)

Plans for financial integration in Europe would be at risk by the economic crisis

2009-04-06T07:00:00.001-07:00

According to the European Central Bank, the international crisis threatens further progress in plans for Europe's financial integration.
"There is a risk that the financial integration process is slow as a result of the economic and financial crisis," the ECB said in a report.
"We recently have appeared signs of contraction within the national borders in certain segments of the financial market," he added.
In this regard, the ECB called on the authorities to ensure that the national emergency to deal with the crisis do not have a negative impact on European financial integration.

(source: economiaynegocios.cl)

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China seeks to create a global currency and not depend on the dollar or the euro

2009-03-24T21:03:00.000-07:00

China suggested the creation of a new global reference currency is controlled by the International Monetary Fund on a new urgency in the wake of a global summit to bring about changes in the financial system dominated by the U.S. dollar and Western governments.
The proposal was submitted by the governor of the central bank of China, Zhou Xiaochuan, and reflects the intention of Beijing for influence in economic affairs, say experts.
Zhou's essay did not mention the dollar but said that the crisis exposed the dangers of supporting the international system of payments in the currency of a country. In an unusual decision, the trial was published in Chinese and English, which revealed that targeted an international audience.
"The crisis called for a new creative reform of the current international monetary system to be an international reserve currency," Zhou wrote.

WHERE would be used?
A reserve currency is the currency unit in which a government has its international reserves. But Zhou said that any new money should be used for trade, investment and the determination of prices of raw materials and accounting firms.
China has been reluctant to rely on the dollar for much of its international trade and earn foreign exchange. Premier Wen Jiabao publicly appealed to Washington this month to avoid taking action in response to the global economic crisis, which could undermine the value of the dollar and billion (OK) in treasury bonds that Beijing has to do other U.S. government debt.

WOULD HAVE PROBLEMS
The new currency should be based on the actions of the IMF to have its 185 member states, called special drawing rights, according to the test. Counselors IMF, a Washington-based advice to governments on economic policy and and lend money to countries with problems in their balance of payment.

Independent economists suggested creating a new reserve currency to the dollar does not depend so much, but acknowledged that the task would face enormous obstacles. Would be accepted by governments for decades have depended on the dollar and maintaining huge reserves of U.S. currency.
(source: elcomercio.com.pe)

Markets in Asia and Europe expected to rise by U.S. stimulus plan

2009-02-07T21:40:00.000-08:00

Stock exchanges in Europe and Asia advanced today, and Hong Kong rose more than 3% in the hope that it will be adopted on U.S. rescue plan to combat the worst economic recession in decades occurred.

Investors feel optimistic that the Senate approve the stimulus plan proposed by the White House than 819,000 million U.S. dollars has increased to 920,000 million and before it is ratified analysts believe could exceed a trillion dollars.

The debate continues in the Senate for a fourth consecutive day between growing doubts of its effectiveness, and some legislators have cut orders or transfer certain items to the negotiation of budgets.

In the U.S., the Treasury secretary, Timothy Geithner, will deliver a speech on Monday in explaining the restructuring of the financial rescue of 700,000 million dollars. Certainly describe the steps for removal of delinquent assets on their balance sheets.

In Europe, the bull run of the banks led the increases in the bags. Andalusia mediate time in Europe, the FTSE-100 index rose 0.8%, to 4260.92. In Frankfurt, the DAX index advanced 0.8% to 4548.35, and in Paris the CAC 40 rose 0.6%, to 3084.64.

In London, shares of Lloyds Banking Group, Barclays and Royal Bank of Scotland rose by 7%, 6.2% and 6.9%. In Paris, BNP Paribas increased by 4.5%.

In the U.S., the term contracts before the opening barely moved. The Dow Jones added for delivery to end 6 points, or 0.1%, to 8,000 points and the Standard & Poors 500 rose 0.4 points, 0.1%, to 840.90.

IN ASIA
Asian stock markets rose today, with the main indicator of the stock exchange in Hong Kong gained more than 3%, between hope that the massive incentives in the United States.

Investors were optimistic that the U.S. plan, which grew to 920,000 million dollars on Thursday, could soon be approved by regulators, providing some clarity on the recession could last far into the world's largest economy. The debate continued in the Senate for a fourth day as some lawmakers pressed for cuts.

The conjecture that the Chinese economy was stronger than was originally thought helped Hong Kong and the Mainland China market. Figures for manufacturing output and broadcast reports on bank loans this week, which were higher than expected, boosted confidence in recent days that Beijing's efforts to safeguard the economy was beginning to show results.

However, the upward movement of the markets contradicted gloomy corporate results reported in recent weeks. As has become common, investors appeared to shrug off bad news and give more attention to government actions.

"People are hoping that major governments and central banks will do more," said Dariusz Kowalczyk, chief investment strategy of SJS Markets in Hong Kong. "Investors are looking for at this time of any event which cling optimistic," he added.

All Asian markets took profits. In Japan, the Nikkei 225 index climbed 126.97 points, or 1.6%, to 8076.62, while in Hong Kong, the Hang Seng index gained 476.14 units, or 3.6%, to 13655.04 .

In South Korea, the KOSPI indicator increased 2.8% to 1210.26 points. In China, the Shanghai index rose 4%. Bags Australia, Taiwan, India and Singapore also advanced.
(source: elcomercio.com.pe)

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Debt Consolidation Business Is Flourishing As Increasing Numbers of People Are Looking For Help

2009-01-23T08:41:00.000-08:00

Currently, debt consolidation companies are doing good business in the U.S. About a year ago, Sarah Leineke, the owner of Nationwide Debt Settlement had 150 clients. At the present time, she has over 450 clients. This suggests the business of Nationwide Debt Settlement has grown threefold over the last year.

An increasing number of clients are enrolling for debt settlement and debt consolidation programs and the agencies providing these services are experiencing a growth in their businesses while the economy is taking a toll.

According to Jack Craven, President of Debt Settlement USA based in Scottsdale, Arizona, the business of his firm has gone up by above 25% in this year (2008). Debt Settlement USA has a countrywide operational base and is functional in 29 states of the country. This firm has signed up over 1,200 clients and was compelled to refuse a large number of people since it was not able to manage the demands.

A number of industries based in Phoenix, Arizona are facing a tough time while the economy is plunging more into a widespread decline and the real estate meltdown is hitting the market badly. However, the sectors which are dependent on the bad luck of the clients or those people who take inappropriate financial decisions are prospering.

Similar to law firms and collection agencies which offer specialized services related to bankruptcy, a number of companies in the credit counseling and debt settlement business are making the most of the hard times faced by their clients.

Take Charge America, a countrywide non-profit seeking debt consolidation company based in Phoenix has noticed a 55% rise in calls over the last 6 months, however, a lot of people are not eligible for their debt management program. Borrowers who are 60-120 days behind schedule should have the capacity to repay the total principal amount within a period of five years.

In spite of the assistances provided to the clients by the debt consolidation firms in repaying their bills, there has been an ongoing rise in bankruptcies being filed in Phoenix, Arizona.

As per Todd Haley, the owner of Corporate Collections International, the business of the firm is growing, yet it is facing a more difficult time regarding the collection of debts due to rising bankruptcies.

British prime minister urges global action to stem the financial crisis

2009-01-17T21:22:00.000-08:00

The global recession could deepen unless countries join together to address the worst economic crisis in decades and the banks resist "financial isolation", said on Saturday British Prime Minister Gordon Brown.

The former finance minister, who in April hosted a summit of the Group of 20 (G20) major industrial states, told Financial Times that a joint international effort will be the key to open the credit markets and begin recovery.

"The biggest risk after the events of recent months is a withdrawal from what I call financial isolation," he said in an interview with the newspaper. "Much will depend on the degree of international cooperation," he added.

Confidence in financial markets will return only if the banks are the true scale of their toxic assets and avoid the temptation to return to their home markets, he added.

"One of the elements required for the next stage is that people have a clear understanding of what has been written off bad assets," Brown told the newspaper.

"We must be clear that where we have bad assets must deal with them," he added.

Banks still reluctant to increase loans because they seek to grow their funds and avoid the risk, despite a multimillion dollar ransom last year and a series of low interest rates.

Concern about the fate of the banking sector has led to a collapse of financial shares worldwide.

In the U.S., shares of Bank of America Corp on Friday closed with a decrease of 13.7%, while those of Citigroup, one fell 8.6%.
(source: Reuters)

Six percent growth in 2009 will be sustained in the domestic market

2009-01-17T21:17:00.000-08:00

The growth of 6% of Gross Domestic Product (GDP) of Peru in 2009 will be based primarily on the domestic market, and is one of the highest in Latin America, said Deputy Economy Minister Eduardo Moron.

"If the world is growing at less than half of what is now growing and we can maintain a growth rate of six percent, we can be more than happy, the idea is that the international crisis is transitory and that a coup soon we are again with an even more dynamic, "said the agency Andina.

Moron said that if international trade is slowing significantly in the world, the dynamism of the domestic market will boost GDP growth.

"No doubt we will be in the region's economy to grow more, the strength of Peru is that you have a pretty high starting point. Despite the growth seen slowing, there is still an interesting dynamic," he added.

The official noted that the high rate of growth will be an important factor in attracting foreign investment through 2009. "Anyone with an interest in doing business, will not go to a country with a forecast of below two percent," he said.

He said that in the first quarter will be a growth of around seven percent, then gradually put in an average of 6%.

On the other hand, felt that the prosecutor will announce the plan U.S. President-elect Barack Obama will help revive the spirits of the international economy.

"What we expected is that more announcements next Tuesday of President-elect Barack Obama, contribute a little to allay the doubts he has a program that will advance even greater than it was announced, and probably we will see similar reactions in other countries, "said Moron.

He also indicated that it considered sufficient by the time the amount of 10 billion dollars as part of the Peruvian anti-crisis plan to maintain the country's economy to grow at significant rates.

He also indicated that the Ministry of Economy and Finance (MEF) is working in coordination with other sectors in order to raise the fight against poverty more effectively.

"That's the goal: that the resources are having a greater impact that some deficiencies are corrected, put more resources to alleviate poverty," said concluded.
(source: andina.com)