The Vietnam Observer publishes Weekly Business Snapshot covering news critical to decision-making by business executives in Vietnam. Other research includes detailed analysis, surveys and
Market growth has come despite trade wars between the United States and other trade partners, particularly China. Stocks propelled forward in July due to favorable economic indicators and encouraging corporate earnings reports.
The Vietnam Observer publishes Weekly Business Snapshot covering news critical to decision-making by business executives in Vietnam. Other research includes detailed analysis, surveys and
Market growth has come despite trade wars between the United States and other trade partners, particularly China. Stocks propelled forward in July due to favorable economic indicators and encouraging corporate earnings reports.
Atradius Country Report - United States – April 2014Salih Yilmaz
Atradius country reports are designed to support you in trading safely abroad. Our overviews give you short, concise information on large Western economies´ economic performance and insolvency development and on main emerging markets´ current political and economical situation and outlook.
Highlights:
- Annual inflation rose in May, indicating sustained demand
- GDP growth stable and moderate in the first quarter of 2015
- Annual wage growth gradually decreasing
In Focus:
- Economic situation and forecasts – growth slows down, risks remain high; by Igors Kasjanovs
The UK housing market is in a period of transition. The decline and stagnation of the last five years is in reverse and we are seeing the definite signs of a recovery.
This housing market update deals with the key indicators of UK housing including the most recent data from Q2 2013.
"Highlights":
Consumer prices are on the rise though annual inflation remains negative
Surplus in the current account for the second consecutive quarter
Lending is back
"In Focus":
Macroeconomic forecasts, by: Igors Kasjanovs
This is a presentation on aspects of the recent performance of the UK economy. All students are expected to have a good contextual knowledge of recent trends in indicators such as economic growth, inflation, unemployment, the trade balance, interest rates and government borrowing.
Atradius Country Report - United States – April 2014Salih Yilmaz
Atradius country reports are designed to support you in trading safely abroad. Our overviews give you short, concise information on large Western economies´ economic performance and insolvency development and on main emerging markets´ current political and economical situation and outlook.
Highlights:
- Annual inflation rose in May, indicating sustained demand
- GDP growth stable and moderate in the first quarter of 2015
- Annual wage growth gradually decreasing
In Focus:
- Economic situation and forecasts – growth slows down, risks remain high; by Igors Kasjanovs
The UK housing market is in a period of transition. The decline and stagnation of the last five years is in reverse and we are seeing the definite signs of a recovery.
This housing market update deals with the key indicators of UK housing including the most recent data from Q2 2013.
"Highlights":
Consumer prices are on the rise though annual inflation remains negative
Surplus in the current account for the second consecutive quarter
Lending is back
"In Focus":
Macroeconomic forecasts, by: Igors Kasjanovs
This is a presentation on aspects of the recent performance of the UK economy. All students are expected to have a good contextual knowledge of recent trends in indicators such as economic growth, inflation, unemployment, the trade balance, interest rates and government borrowing.
La scelta del tema è sembrata significativa rispetto tre punti di vista legati fra loro:
biologico
cognitivo
didattico-operativo
Dal punto di vista biologico potremmo considerare l'argomento riferito all'insieme dell'organismo come sistema complesso attraversato da un flusso di informazioni provenienti dall'interazione con l'ambiente che divengono stimoli e segnali grazie all'esistenza di recettori specializzati. Ma la stimolazione sensoriale è mediata dal cervello, quindi potremmo considerare alcuni aspetti funzionali del cervello stesso.
Dal punto di vista cognitivo ci possono essere forti analogie tra i processi percettivi e gli altri processi dell'apprendimento: il separare significati da uno sfondo , l'individuare variabili e invarianti, l'orientarsi in un territorio sconosciuto riconoscendo via- via alcuni indizi- concetti, il costruire fra questi relazioni.
Infine da un punto di vista operativo ma anche metodologico, lavorare sulla percezione consente di affrontare diversi livelli di complessità in qualunque ambiente, naturale o scolastico, di utilizzare da un lato materiale povero, dall'altro strutture di indagine sofisticate ma sempre disponibili come gli organi di senso di ciascuno. C'è la possibilità di un forte coinvolgimento personale e nello stesso tempo di strutturare esperienze di laboratorio semplici ma dense di significato con le quali si possono agevolmente formulare e verificare ipotesi e previsioni.
Ma molto importanti sono anche le connessioni con alcuni ambiti cognitivi della fisica e della tecnologia.
A study of 30 Corporate Sustainability and Responsibility Indexes across the globe. This study show cases the indicators on the basis of which the market compensates corporates on the stock market.
Webloyalty Easter Retail Report - an economic update for 2014Webloyalty UK
Looking in depth at the UK economy, this report from Webloyalty and Conlumino reveals predictions for the Easter break. This report is not just interesting for the general public, but provides an insight for retailers around this season.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
1. The Lithuanian Economy
Monthly newsletter from Swedbank’s Economic Research Department
by Nerijus Mačiulis, Vaiva Šečkutė No. 05 • 5 August 2011
Better expectations and lower savings behind
consumption growth
Retail trade in the first half of this year increased by 22.1% over the same
period a year ago. Although trade in motor vehicles was the main factor
behind this growth, trade in other non-necessities was also increasing more
rapidly. As inflation slows and expectations gradually rise, the growth of
household consumption will continue.
Domestic credit is growing slowly and will contribute some, but is not likely to
be a major driving force behind higher consumption. Although deposits have
continued to increase, it is likely that households have also continued to
reduce their savings rate, which peaked at 7.9% in 2009.
The labour market remains weak – in the first quarter of 2011, the
unemployment rate was 17.2%, only slightly lower than in the same period
one year ago. Annual net monthly earnings in the same period increased by
1.9%, but were still below the inflation rate. More recent data from the
Lithuanian Labour Exchange suggest that stronger positive developments in
the labour market will become visible in the second half of this year and in
2012.
Non-necessities behind retail trade growth Retail trade compared with 2005 average
In the first half of 2011, retail trade increased by 60%
22.1% over the same period a year ago. However, 50%
the growth was mainly driven by sales in motor 40%
vehicles, which increased by 83.7%. Retail trade
30%
except motor vehicles was 6.3% higher than in the
first half of 2010. 20%
10%
Growth in retail sales of food, alcoholic beverages,
0%
and tobacco remains negligible – in the first half of
this year, it was only 0.4% higher than a year ago. -10%
Moreover, in June it was 10.5% lower than the 2005 -20%
average. Even though retail trade was 16.5% above -30%
the 2005 average, it’s still at the same level if motor 2007 2008 2009 2010 2011
vehicles are excluded. Retail trade Retail trade except transport Food
Source: Statistics Lithuania
Nevertheless, the pace of retail trade growth in the
second quarter increased to more than 23% from
20% in the first quarter. In the first half of this year, It is likely that increasing earnings and better
the growth of retail sales of automotive fuels expectations – the consumer confidence index
reached 11.3%. The currency crisis in Belarus and increased to -15 in July, the highest level since April
restriction on fuel sales may have reduced the 2008 – will further fuel the growth of non-
consumption of smuggled fuel in Lithuania and necessities retail trade. Furthermore, the stricter
contributed to the faster growth in recent months. accounting requirements for trade of food products
in markets will have a positive effect on the growth
Economic Research Department. Swedbank AB. SE-105 34 Stockholm. Phone +46-8-5859 1000
E-mail: ek.sekr@swedbank.com www.swedbank.com
Legally responsible publisher: Cecilia Hermansson, +46-8-5859 7720.
Nerijus Mačiulis +370 5 2582237 Lina Vrubliauskienė +370 5 258 2275. Vaiva Šečkutė +370 5 258 2156.
2. The Lithuanian Economy
Economic Research Department, Swedbank
No. 05 • 5 August 2011
of the retail trade of food products as well. The between interest rates in euros and litas may
government intends to introduce cashiers in all encourage households to borrow in local currency.
covered markets – only food sellers are required to
The ECB has already raised interest rates twice as
use cashiers now. This will have a tangible positive
a measure for controlling inflation and is likely to
effect on the trade of other products, such as
continue raising them in the future (although recent
clothing and footwear.
setback in commodities’ prices reduces the
The consumption of necessities will continue pressure to do that). In addition, Euribor may have
growing slowly in the second half of this year, some upward pressure due to possible sovereign
mainly due to high food inflation and the stagnant defaults in the euro area and large banks’ exposure
income of poorer households. In 2012, however, to sovereign debt.
lower inflation, increased pensions, and higher net
wage growth will contribute to higher growth in non- CPI growth and interest rates for new household loans and
necessities retail trade. deposits, %
14%
Inflation to slow
12%
So far, food, housing, and transport have been the
10%
main drivers of inflation. The prices of food and
nonalcoholic beverages were 11.1% higher in May, 8%
compared with the same month a year ago. 6%
However, in the last two months of the second
4%
quarter, the inflation rate of other goods became
positive as well. Prices in clothing and footwear, 2%
health products, restaurants and hotels, and 0%
insurance services started to increase faster in the -2%
second quarter of this year. 2007 2008 2009 2010 2011
Food Housing Transport
Unfortunately, the poorest households are still the Other Loans in LTL Deposits in LTL
CPI growth
ones affected most severely by higher inflation.
Source: Statistics Lithuania, Bank of Lithuania, Swedbank
Three types of goods and services (food, housing
and transportation) make up 51% of the average
consumer basket in 2011, but are even more The growth of outstanding deposits decelerated in
important for less wealthy households. May and June. New deposits with agreed maturity
started to grow in March, reaching 21.4 % annual
Annual inflation may have peaked in May, when it growth in May before slowing to 11.5 % in June.
reached 5%. Prices declined a bit in June and, due However, this growth in new deposits is rebounding
to the stabilised prices of oil and other commodities, from 2010 lows, when the rate fell by some 50%.
are expected to be more stable in the second half of
this year. We forecast that average annual inflation Deposits from households, million LTL
will be around 4% at the end of this year and 30,000 120%
somewhat lower in 2012. 100%
25,000
Lending recovers slowly 80%
20,000 60%
Rising inflation has implications for lending and
40%
borrowing conditions as well. Saving is becoming 15,000
20%
increasingly unattractive as rising inflation has not
been followed by higher deposit interest rates. 10,000 0%
Lending interest rates, particularly in litas, have 5,000
-20%
been decreasing since the beginning of 2010 and -40%
decreased by 1.6 percentage points during the first 0 -60%
six months of this year, however, this tendency 2007 2008 2009 2010 2011
should not continue as both the euro interbank Ov ernight With agreed maturity
offered rate (Euribor) and the Vilnius interbank in LTL in EUR
Outstanding, y oy (rs) New, y oy (rs)
offered rate (Vilibor) continue increasing. The one- Source: Bank of Lithuania, Swedbank
year Euribor interest rate rose by 67 basis points to
2.18% by the end of July, while during the same
The outstanding amount of loans to households has
period the Vilibor rate of the same maturity rose by
been decreasing since September 2009. This
6 basis points to 2.64%. The narrowing gap
decrease was mainly caused by a decline in
consumer and other credit, as the amount of
2 (4)
3. The Lithuanian Economy
Economic Research Department, Swedbank
No. 05 • 5 August 2011
housing loans, which have much longer maturities income tend to be a bit less volatile. Thus, it is likely
than consumer loans, remained relatively stable. that the higher consumption was due to the lower
However, the pace of decline has become more savings rate, which peaked at 7.9% in 2009.
moderate in 2011, as new loans started to increase
Although the gap between inflation and earnings
in March and reached a 9% yearly growth rate in
growth has been narrowing since the first quarter of
June.
2010, real wage growth is still negative.
The outstanding amount of loans has been
decreasing as a percent of the total wage bill as Real household consumption expenditure and real wage
well. This indicator in 2011 is lower than in both bill, annual growth
2009 and 2010. This trend is part of the household 16,000 30%
deleveraging process; however, it was not 15,000
necessary because Lithuanian households are 14,000
20%
among the least indebted in the EU. 13,000
10%
12,000
Outstanding loans to households, million LTL
11,000 0%
35,000 140% 10,000
-10%
30,000 120% 9,000
100% 8,000
25,000 -20%
7,000
80%
20,000 6,000 -30%
60%
2003 2004 2005 2006 2007 2008 2009 2010 2011
15,000
40%
Consumption, m LTL Consumption, y oy (rs)
10,000 Real wage bill, y oy (rs)
20%
Source: Statistics Lithuania, Swedbank
5,000 0%
0 -20% Weak labour market is the main drag on
2007 2008 2009 2010 2011 domestic consumption
Housing loans Consumer credit & other
in LTL in all currencies The labour force activity rate (sum of employed and
Outstanding loans, y oy (rs) Total, % of wage bill (rs) unemployed divided by the population aged 15 and
Source: Bank of Lithuania, Statistics Lithuania, Swedbank
over) increased by 3.2 percentage points from its
lowest point in the first quarter of 2008 to its peak at
Annual growth of outstanding loans to households 58.9% in the last quarter of 2010. However, this
started declining at the end of 2007 and became increase in the activity rate probably had little effect
negative in September 2009. Annual growth has on unemployment figures, which peaked at 18.3%
been negative ever since and was at -4.1% in June. in the second quarter of 2010, as the number of
Consumption grows faster than earnings unemployed increased to 297,200.
The decrease in credit has restricted the growth of Labour market indicators
consumption; however, the increasingly negative
1,800 70%
real interest rates (inflation is higher than deposit
interest rates) may have contributed to overall 1,600
60%
household consumption growth, which reached 1,400
50%
5.5% in the first quarter and probably continued at a 1,200
similar pace in the second quarter of 2011. In the 1,000 40%
last three months of 2010, household consumption
800
expenditure increased for the first time since the 30%
third quarter of 2008, reaching 1.7%. 600
20%
400
However, consumption growth has outpaced the 10%
200
growth of real net earnings. Despite a slight pickup
(+1.9%) in nominal net earnings, average real net 0 0%
earnings were still decreasing in the first quarter of 2007 2008 2009 2010 2011
Unemploy ed, thous. Employ ed, thous.
2011 and were 1.4% lower than a year ago. Labour f orce activ ity (rs) Unemploy ment (rs)
Average real net wages have been decreasing Source:Statistics Lithuania
since the beginning of 2009. Admittedly, wages are
just one component of households’ disposable Unemployment decreased to 17.2% (277,600) in
income, but social transfers, pensions and capital the first three months of this year, and this decline
3 (4)
4. The Lithuanian Economy
Economic Research Department, Swedbank
No. 05 • 5 August 2011
is gathering pace, as shown by the latest data on expect stronger positive developments in the labour
registered unemployment from the Lithuanian market will become visible in the second half of this
Labour Exchange. According to the exchange, year and in 2012.
registered unemployment decreased from a first-
Higher employment and increasing net income, not
quarter average of 14.1% (303,700) to 11.1 %
a lower savings rate, should be behind gradually
(229,200 on August 1).
increasing sustainable consumption. Let’s hope
The number of registered unemployed fell by 30.7% that, in this respect, this economic cycle will be
from its peak in July 2010, when it reached different from previous one.
330,600, and the registered unemployment rate
peaked at 15.3%.
In July, the industrial confidence indicator reached Nerijus Mačiulis
its highest level since November 2007 (+6), while
Vaiva Šečkutė
the employment forecast in industry increased to its
highest level since the beginning of 2007. We
Swedbank
Economic Research Department Swedbank’s monthly newsletter The Lithuanian Economy is published as a service to our
SE-105 34 Stockholm customers. We believe that we have used reliable sources and methods in the preparation
Phone +46-8-5859 1028 of the analyses reported in this publication. However, we cannot guarantee the accuracy or
ek.sekr@swedbank.com completeness of the report and cannot be held responsible for any error or omission in the
www.swedbank.com underlying material or its use. Readers are encouraged to base any (investment) decisions
on other material as well. Neither Swedbank nor its employees may be held responsible for
Legally responsible publisher
losses or damages, direct or indirect, owing to any errors or omissions in Swedbank’s
Cecilia Hermansson, +46-8-5859 7720.
monthly newsletter The Lithuanian Economy.
Nerijus Mačiulis, +370 5 2582237.
Lina Vrubliauskienė +370 5 258 2275.
Vaiva Šečkutė, +370 5 258 2156.
4 (4)