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  • China Beat US As Top Exporting Country In 2012

    10. February 2013

    China has beaten the United States as the top exporting country in the world for 2012.(guardian.co.uk)

    China has won another bragging rights against the United States, after the top Asian country was recently crowned as the top exporting country in the world for 2012.

    According to reports, China’s total trading of goods last year amounted to $3.87 trillion to beat the US who earned $3.82 trillion in imports and exports last year. Some economic experts were surprised on the strong economic showing of China against the US who has a bigger economy compared to the Asian country.

    The experts said China’s economy is booming after the country’s official decided to focus on trade and foreign investment to boost its economy after decades of seclusion. The experts revealed that China’s economic growth averaged 9.9 per cent a year from 1978 through 2012. Read more »

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    Written by Romeo Braceros

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    Black Astrum Launch Exclusive Diamond Encrusted Signature Business cards

    09. January 2012

    Black Astrum launch exclusive diamond encrusted business cards. (Photo: planetluxus.com)

    Black Astrum launches exclusive signature business cards, which feature diamond encrusting. The business cards target individuals with high net worth across Asia, the Middle East and Europe.

    The Black Astrum diamond encrusted business cards are crafted to exude status and wealth. The cards are created using the highest quality Swiss cast diamonds and materials. Black Astrum was established in 2010, and the UK based company specializes in creating diamond-based products for wealthy individuals.

    Astrum’s concept director Sufian Khawaja explained, “The Signature Card allows our members to express themselves in a truly unique way” He added “although each design is bespoke, a full set of cards can contain in excess of 30 carats. We’ve had several enquiries from American celebrities and international businessmen, however our cards are offered by invitation only, reflecting our desire to serve only the most premier individuals.”

    The Black Astrum diamond encrusted business cards are priced at € 1,000 ($1,270) per card. (Photo: planetluxus.com)

    The price of the cards will be determined by the client’s wishes, but the general price per card is set at € 1,000 ($1,270) and the cards can be bought in sets of 25, 50 and 100 cards.

    (rockefellernews/bo)

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    Written by Bernadette Otieno

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    Apple: World’s Second Most Valuable Brand

    16. September 2011

    Apple is now the world’s second most valuable brand as of September 2011 statistics. (Photo: m.zdnet.com.au)

    The British brands consulting firm Brand Finance published the list of the world’s most valuable companies or brands in 2011, based on the worth of the brands, on Wednesday, September 15. Google achieved the first place in the ranking. Apple and Microsoft are second and third in the list respectively.

    Brand Finance studied the cash flow and other financial activities of the brands to determine the worth of the brands and charted them according to the value. Google brand value rose 9 percent and the worth of Google’s trademarks and other intellectual property is $48.3 billion.

    This year Apple is the most successful company and its brand is worth $39.3 billion as the new chat, which is about 33 percent more than the previous statistics. Apple, for the first time, passed Microsoft, IBM, Wal-Mart, and General Electronics.

    On the other hand, Microsoft dropped to the third place with a brand worth $39 billion, which is 9 percent less than the value of the last year. However, it is predicted that the upcoming Windows 8 may raise the value of the brand.

    Below the top three, the top ten includes IBM, Wal-Mart, General Electronic, AT&T, Coca-Cola, Wells Fargo, and Bank of America respectively. For the first time, in the list, all of the top four brands are tech bands, according to reports.

    (rockefellernews/rd)

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    Written by Rajib Dey

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    Choosing Mutual Funds Guidelines

    27. August 2011

    If you are in a process of investing in mutual funds, you should get started by determining what your

    chosing the right mutual funds investment

    investment goals are. When you have established what you wish to save up for, there will be a way which ease you to take another decision along the way, such as what risks that might arise and which one you would prefer to take. For example, if you are investing in mutual funds to pay the school fee of your grandchild, you might be brave to take the high risk. The goal of your savings is really important.

    Getting the correct information on mutual funds will be needed before you invest your funds on mutual funds. You also need to contact several companies in order to gather some information about the mutual funds from various sources. Besides that, you can also read the unbiased information related to mutual funds than the brochures from the investment companies. By collecting the unbiased information, you can ask the right questions and determine if the company offers the mutual investment options which are suitable for your goals or not.

    The other benefit of unbiased information is to ease you to spot the inept high administration fees or huge number of penalties for early withdrawals. Doing some research will be necessary before choosing the right mutual funds to bring the real advantages as you aim to achieve.

    When you want to make a decision regarding your mutual funds you do not only consider the time horizon for the mutual funds investment. In most cases, personality of the subjects plays the main role of investing in mutual funds, some people do not like to take a higher risk of the investment, while the others like to move aggressively when investing in mutual funds. Just be careful to choose the right company for your mutual funds investment.

    (rockefellernews/fn)

    mutual funds investment

    Mutual funds investment offers huge rewards to people.

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    Written by Fenny Nurhayati

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    Strange But True; Apple Is Richer Than Entire US Gov’t

    29. July 2011

    Sounds strange but true, Apple Inc. is richer than the entire United States Federal government. (Photo: morninpaper.com)

    This story might raise eyebrows but it is quite a frightening statistic.

    According to reports, at the moment Apple Incorporated has more cash on hand than the entire United States federal government. This developed after the balance sheet for the US Treasury dropped down to  $73.768 billion.

    That compares to the $76.156 billion Apple has in its deep coffers  a difference of $2.388 billion. For layman who has no  idea on the intricacies of the stock market, Apple makes more money than it spends while the US government spends more than it generates in tax-revenue.

    In other words, Apple is doing a really good job at running itself, while the federal government is not. The federal government is not doing good at the moment since it is stuck in a relentless gridlock over how to raise the national debt ceiling.

    To those who had no idea on debt ceiling here is a simple math for it: Imagine the entire US government pays its bills with a single credit car d.At the moment, the credit card is nearly maxed out. If the debt ceiling — the limit on our national credit card — isn’t raised by August 2, then the US won’t have enough incoming revenue to pay all of its bills.At the moment, the politicians disagree on how to go about fixing this problem, so they’re let our cash coffers dwindle perilously low, which is basically how we got to the $73.768 billion number.

    For its part Apple is doing extraordinarily well. The iPhone maker brought in record profits in the third quarter of this year, about $5.5 billion, which has possibly set the Cupertino, California-based electronics giant on a path towards soon overtaking Exxon Mobile to become the largest corporation on the planet.

    Hopefully US politicians can solve this fiscal problem soon, so that their economy would not sink. Apple Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers.The company’s best-known hardware products include the Macintosh line of computers, the iPod, the iPhone and the iPad.Apple software includes the Mac OS X operating system; the iTunes media browser; the iLife suite of multimedia and creativity software; the iWork suite of productivity software; Aperture, a professional photography package; Final Cut Studio, a suite of professional audio and film-industry software products; Logic Studio, a suite of music production tools; the Safari web browser; and iOS, a mobile operating system.

    As of August 2010, the company operates 301 retail stores in ten countries, and an online store where hardware and software products are sold.As of May 2011, Apple is one of the largest companies in the world and the most valuable technology company in the world, having surpassed Microsoft.Established on April 1, 1976 in Cupertino, California, and incorporated January 3, 1977, the company was previously named Apple Computer, Inc., for its first 30 years, but removed the word “Computer” on January 9, 2007,to reflect the company’s ongoing expansion into the consumer electronics market in addition to its traditional focus on personal computers.

    As of September 2010, Apple had 46,600 full time employees and 2,800 temporary full time employees worldwide and had worldwide annual sales of $65.23 billion.

    (rockefellernews/rb)

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    Written by Romeo Braceros

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    Rockefeller Beauty People Lifestyle Magazine – July 2011 Edition

    10. July 2011

    For everybody who expects just a little bit more of life: Rockefeller Magazine reports about the most precious watches, fantastic destinations for your holidays which includes exclusive hotels you should book yourself.  We will also  inform you about the hippest designer fashion, the most classy pieces of jewellery and accessories, selected wines, the most luxurious cars. Not only that, we also present you interesting coverages about what’s going on in the financial world. It is always our mission to  provide our readers with the hottest hints and suggestions on the leading motivational speakers in the land; we  also grill out political heavy-weights and ask successful managers about the secrets of their success to inspire our readers.

    In short, there is something for everybody in Rockefeller Magazine. Our editorial staff does the very best to present all these stories as entertaining as possible yet as serious as required. So what are you waiting for?  Visit our website now!

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    Written by Marcello

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    Facebook compelled to go public by 2012

    15. June 2011

    facebook

    facebook (Photo: wikipedia.com)

    If there is one thing notable about Facebook, besides being the most popular social networking site on the internet, is based on the fact that its founder, Mark Zuckerberg, became a billionaire from a nobody in a miniscule time period of 4 years. The main reason for this sudden explosion of wealth was due the financial backing, the company had from a series of venture capital investments from entities ranging from Accel partners to Goldman Sachs. But its seems that Facebook’s financial destiny is worth much more than its current $50 billion dollar valuation, as the company spokesman was quoted to say that the company plans to release its IPO next year.

    This caught many investors off guard, as Zuckerberg had repeatedly told the media that they have no plans to go public, anytime in the near future. But nevertheless the decision for the IPO is not in the hands of the company’s management thanks to the Securities and exchange commission ’500 clause’ act of 1934. The act legally forces a private company in the US to release its financial information to the securities and exchange commission on a quarterly basis , if it has 500 investors or more, and since Facebook is expected to have its 500th investor by the end of the year, it will be indirectly obligated to go public next year.

    But even though Zuckerberg is still not very comfortable with the idea, an initial public offering will ensure that the company will be worth at least $100 billion, which is more than twice its current valuation. This new valuation will make Facebook come at par with mega US corporations like Apple and Microsoft, and make it bigger than Cisco and HP in terms of market capitalization. This means that Mark Zuckerberg, who currently owns a 24% stake in the company, would be worth over $25 billion dollars, provided his stake is not diluted from the public offering. Besides making its founders and investors filthy rich, the employees can finally be at peace as they will be able to sell and liquidate their stake without much hurdles, not to mention the fat pay raise they are bound to get in their compensation package.

    But the fact that Facebook has had a growth rate of 100000%+ since its inception is a little disturbing, considering that such a increase in stock value can only be rivaled by a financial bubble, or the dot com bubble to be more precise. In spite of all the subtle red flags, it is still to premature to jump to any conclusions, so as investors, in order to avoid a dot com like disaster, all we have to do is keep our eyes and ears open from now onwards.

    (rockefellernews/yk)

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    Written by Yash Karnad

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    Bank of Israel governor bids for top post on IMF

    11. June 2011

    Bank of Israel governor bids for the top job at IMF.

    Bank of Israel governor, Stanley Fischer filed a candidacy to preside over the International Monetary Fund (IMF) following at the tail of Dominique Strauss-Kahn resignation.

    Fischer expressed his interest for the post by saying, “An extraordinary, unexpected and once-in-a-lifetime opportunity has arisen, to run for the head of the International Monetary Fund, which I decided I wanted to do after many considerations.”

    Fisher has already informed Israel’s Prime Minister Benjamin Netanyahu and Finance Minister Yuval Steinitz about his decision.

    Among others who filed candidacy for top job at IMF are French Finance Minister Christine Lagarde and Bank of Mexico governor Agustin Carstens.

    IMF is traditionally headed by a European while its sister institution, World Bank is headed by an American.

    The age limit for any candidate to be the head of the organization is 65. Being 67, Fischer is at odds even if he has an extensive exposure to IMF serving as deputy IMF chief from 1994 to 2001.

    Israel’s Finance Minister Yuval Steinitz is supportive of his colleague’s decision saying that “the position fits Fischer like a glove”.

    The opportunity to head IMF opened when Dominique Strauss-Khan decided quit upon the wake of a scandal involving him with allegations that he raped a hotel maid in New York City.

    Meanwhile, Fischer has garnered significant support from some of the world’s leading financial newspapers such as Wall Street Journal and Financial Times. Reuters and Euromoney magazine also found some heads up for the Bank of Israel governor on surveys they conducted.

    If credentials would be the basis, Fischer is on the right track being widely recognized as the man behind Israel’s escape on the global economic crisis. Israel’s real estate sector is currently blooming and the country’s unemployment rate is very low at 6 percent.

     

    Credits to http://media.cnbc.com for the photo

     

     

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    Written by Maricris Faderugao

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    Japan’s series of unfortunate events took its toll on Toyota

    11. June 2011

    The land of the rising sun finds itself in a dark place. Toyota's profit is sinking down the drain.

    What a series of unfortunate events for Japan. One of the wealthiest country in Asia has had dramatic fall outs this year when Mother Nature decided to roar across the island nation. The land of the rising sun will have a long road to track before they see the daylight to full recovery.

    But while they’re at that, one of the biggest carmakers in the world is speeding its way plummeting to lose its top post.

    The automaker claims that the 9.0 monster earthquake made supply problems. What makes it worse is that the strength of their local currency against dollar drove expensive domestic productions.

    Toyota Motor Corporation is expecting drastic losses worth more than $1 billion of net profits for the year 2012 compared to this fiscal year due to the disruptions that made parts of Japan suffer in wreckage.

    The company further forecasted that their consolidated net income will plunge by 31 percent amounting to at least $3.4 billion this year extending up to March 31 next year compared to the $5 billion net income in the previous fiscal year.

    Japanese yen is currently trading around 80 for  a US dollar which is described as “beyond limit” and Toyota’s president Okio Toyoda said, “We’d like to ask the government to correct currency rates as soon as possible,” to level the playing field of competing car makers.

    Global sales of the company is expected to fall by 1% from 18.99 trillion yen to 18.6 trillion yen. Because of this, America’s General Motors is expected to take over Toyota’s position as the largest automaker in the world.

    Toyota brushed off this looming fall from their number one status by saying, “We don’t see it as necessary to be the largest automaker in the world. The most important thing is creating a stable business base” to stress that the company’s focus is on quality.

    Between late 2009 and early 2010, Toyota has been on a slump of crisis when it recalled almost 9 million cars due to accelerator and brake defects. Thus, analysts say that the company has been exposed of its thin operations compared it its rivals partly because of the quality-issue related fiasco.

     

    Photo credits to http://topnews.net.nz

     

     

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    Written by Maricris Faderugao

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    Citibank data breach fuels cybercrime concerns

    11. June 2011

    citibank

    citibank (Photo: finance4india.com)

    This month has definitely been a hard time on computer security experts due to the number of high profile database hijack and personal information hack that has taken place. The notable victims where bigwig information technology companies like Sony and Google, not forgetting the prominent American airline group, Lockheed Martin. But it as surprising it may sound, in spite of the US enforcing stricter cyber crime policies and the country being on high alert, there were reports of Citibank in New york branch being the latest victim, of a cyber hack attack.

    The Citibank in New york had reported to serve at least 21 million customers,  but  a relatively small amount of 200000 people or 1 percent of the total customer base, had been the victims of the hack attack. The hackers had allegedly taken a sneak peak at the important financial information, like bank account numbers and credit card information, of the unsuspecting customers. But according to the official spokesperson, even though there were no reports of more important data like social security number being stolen, the bank is trying hard to fix the damage caused by the data breach, as bank account numbers can be a deadly valuable weapon against the account holder, if it comes in the wrong hands.

    According to Shelia Bair, the chairman of the Federal deposit insurance corporation, many federal regulators will now push hard against the banks, in order to make new rules and policies regarding the operations of their enterprise. Since the motives of the hackers where not really known, the investigating officials are confused whether this data hack had a monetary motive or it was simply done for revenge or mischief. But nevertheless, investigations are in progress and the bank is attempting to speak with the consumers and settle this problem with them.

    Susan Grant, the consumer safety director at the Consumer federation of America, has warned other banks that just because the hackers did not gain much from this attack, any personal ID is valuable and can be used against the particular person. Citibank and other important banks should take Grant’s advice seriously and start beefing up their bank regulation and cyber security, as soon as possible.

    This attack is bound to cause more strain trust by the already paranoid public, when it comes to relatively risky banking like banking over the internet or mobile banking. This will mean that many public banks will see a slight drop on their share prices, and the worst is yet to come, if there are any more cyber attacks.

    (rockefellernews/yk)

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    Written by Yash Karnad

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    Clinton denies pursuing top post in World Bank

    10. June 2011

    Photo credits to http://latimesblogs.latimes.com

    US secretary of state Hillary Clinton denies rumors that she is eyeing to ship her management skills on the top position at World Bank.

    The media frenzy and speculations came out with the earlier report from Reuters that Clinton would be interested to replace Robert Zoellick once his term ends in 2012.

    The former first lady’s aide and deputy Philippe Reines stressed that Clinton is not interested in heading the World Bank in the future nor did she had any talk with President Barack Obama regarding the post.

    Reines said, “Let me address this as definitively as I can, on the record … The story is completely untrue.” Even the White House secretary, James Carney is denying it.

    To set the record straight, Clinton told the reporters, “I have had no discussions with anyone, I have evidenced no interest to anyone and I am not pursuing that position.”

    With the firm rebuttals from White House and the State Department, Reuters are holding their ground that the report that cited three sources to back up the discussions remains accurate.

    Meanwhile, people are asking about Clinton’s next career move. If she won’t be running World Bank, what’s a woman of her caliber and intelligence do after she steps down in her post as secretary of the state?

    The managing director of Democratic consultancy SKDK Alex Salter claims to be surprised by the development of the reports but implies that Clinton is indeed qualified to run the largest financial institution in the world by saying, “She has done an incredible job at the state department and her approval ratings are extremely high.”

    While her good performance as state secretary is uncontested, the report about her being a potential nominee to preside over World Bank has brought some sensitivity on the world of finance because the report came during a time where the Obama administration is facing major challenges in foreign policy.

    Furthermore, the earlier report has brought irk on emerging market economies because discussions like this tells them that the jobs for the biggest financial institution whose influence they are clamoring for is already determined beforehand.

    Given the opening for the top position if World Bank’s sister IMF, the timing of such reports cannot be deemed unusual.

     

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    Written by Maricris Faderugao

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    Online Magazine Concept & Realisation Ortwin Oberhauser