Evaluating Market Performance Amidst US Rate Hike Speculations

Trading in CFDs is a popular alternative for many traders, particularly because of the high leverage they offer and the freedom of trading without owning an underlying asset. When trading CFDs, it is important to understand the various aspects that may influence the performance of instruments such as currency pairs, stocks or commodities. The latest event to sway performance is the speech by Janet Yellen, Chair of the US Federal Reserve. There were different effects before and after the speech given on Friday, August 26. The speech was at the Jackson Hall Symposium, a yearly meeting of central bankers. The speculation of whether there will be a rate hike is what drove the varying performances in different markets.

Before

By the close of day Thursday, European markets registered sharp losses. The STOXX 600 had all sectors posting losses with an overall fall of 0.84%. Healthcare, miners and auto stocks are some that were in the red as investors eagerly waited for the Yellen speech. There was also a 0.28% fall in the FTSE 100 in addition to other European markets like DAX that slipped 0.88% and CAC40 that closed 0.65% down. For crude futures, the prices had gains and losses fluctuations but

3 Way to Tell If Your Business Ready To Compete Globally

waThe imagery of a “fish out of water” is often used to describe a situation in which we feel uncomfortable.

When it comes to doing business globally, many businesses are impaired by acting more like a fish within water.

That is because the fish in the water does not ever really think about its environment. It is in water: it is comfortable, the water works for the fish, and the fish is happy in the water. What is there to think about?

But sooner or later, the fish, or in this case our business, wants to move to another environment to court the business there.

As a business, we pack our flippers, don our wetsuit and assume that when we get there, we will again be swimming in water just like the safe environment that we left.

We don’t realize that the water is different. It may be a much larger pool than the fishbowl we swam comfortably in at home. It may be murky water, or a different color of water, or a water filled with predators that want to eat fish.

Worse still, we may arrive wearing flippers

The 5 Simple Rules of Business Etiquette

effThere has always been an unwritten code of socially acceptable norms and standards throughout the history of human civilization. There are just some things you do and other things you don’t do; some things that are appropriate and others that are not. But these unwritten laws don’t just apply to hospitality or fine dining. They are just as valid in the world of trade and commerce.

Unlike other industries however, in the business world, poor business etiquette can have unpleasant and even financially unviable consequences. For example, failing to be sensitive to certain codes of conduct can rub a client the wrong way and jeopardize a vital transaction or contract, resulting in financial loss and damage to credibility. Appropriate professional etiquette is vital to the healthy functioning of companies, not only with other companies but also within the numerous departments and levels of one company. In this article we will look at the importance of business etiquette and identify five key aspects:

    1. The ‘Hello’ Handshake: The handshake is still the ‘platinum’ non-verbal standard for greetings, acknowledgement and gratitude. It is almost universally accepted as a normal

It’s All About Execution, Not Strategy

3eOne of the most ancient, durable and inexpensive building materials has turned, a local Mexican company into the largest global provider of cement, aggregates, ready-mix concrete and specialty concrete products.

As the success of moving from a national, to a multinational, to a global and integrated company is never guaranteed, what have been the key drivers behind this company’s ability to grow coherently, while delivering 20% CAGR EBITDA growth over decades?

1. Define a truly “global-local” strategy

Post the NAFTA agreements with Mexico in the 1990s, the company’s survival depended on expanding abroad. To avoid the risk of hazardous expansion, it first narrowed the scope of its product lines, and next focused on broadening its geographic scope – 50 countries at the latest count.

Global strategies require local adaptation and Cemex became adept at creating multiple strategies to differentiate and take advantage of different economies and markets conditions. In the USA and Europe, Cemex has relied more on product innovation with, for example, the introduction of Insularis, a ready-mix brand that improves the energy efficiency of buildings. In South America, it has focused on providing value beyond supplying

Understanding Cultural Differences Between You and New Business Partners

3tIn its own way, culture is the ultimate magic mirror. We view the world, with its colors and customs and modes of behavior, but our culture creates a lens over our eyes that somehow changes it, and when we interpret what we see, it is through the lens of what we know.

Businesses lining up to take full advantage of the global multicultural marketplace need to look past their own cultural lens.

They must find ways to allow their representatives to better interpret the new cultures they are viewing and build bridges between their own cultural lens through which they see the world and the lens through which they act.

We learn that our culture is a set of glasses through which we view the world, and that more we learn and the more we see, the more we realize we all have a different prescription.

When you live by the ocean, for example, a beautiful mountain may attract your attention as an awesome feat of nature, but it bears no special meaning to you. But if you grew up with the Quechua people of the Andes Mountains

How to Export Products Overseas

maIs exporting products overseas really so difficult?

Did you know? According to Businessweek, almost 46% of businesses abroad don’t export their products to foreign markets because they don’t know how? Considering the ever growing buying capacity seen in some foreign markets, this is a disappointing fact. But the truth is, if you are well-prepared, motivated, and confident, exporting your products to overseas businesses is not so difficult. Here we will look at 5 elements you may consider to help you get started exporting products.

CONNECTING WITH CHINESE CUSTOMERS

Visiting trade fairs is an excellent way to introduce your business and products to other business abroad. Thousands of business representatives and people attend trade fairs providing excellent opportunities and fast networking. You can meet and talk to many business representatives and immediately begin forming relationships and trading company information. The time and effort in attending these trade fairs, we believe is an investment. The majority of trade fairs in China are held close to large cities like Shanghai, Guangzhou, and Beijing. Thus, if you are worried about the language difference or transportation, you can take comfort in

Who Has Control of the World Commodity Markets

efThe ability to control monetary policy and interest rates is among the strongest controls over the commodity markets, financial markets, money supply, and currency underpinnings. The control of currency and the Forex markets directly and indirectly influences and alters the world monetary system. There are several large and powerful groups which lie outside this main power base, and they often have the ability to change the outcome for the better!

There are many theories about true world control and the ability for this to exist in a dynamic manner. As money and assets shift over time from the US and Europe to Asia, South America, and the Middle East, one can observe the drive to control for land, technology, patents, money, water, food, language, equity markets, and interest rates. Interest rates are one of the most transparent ways to spot the difference in policies and opinions.

As commodity prices shift and fortunes rise and fall, there is little chance that money alone dominates the world resources. The power bases of each continent is linked to large quantities of different valuable natural resources. As food and

4 Tips for Excellent Business Etiquette in Social Interactions

sdFor the unfamiliar, Jane Austen’s world of ‘Pride & Prejudice’ is a complex ecosystem of social appropriateness set within the time context of a Victorian era. Communication is very particular, almost rehearsed and follows a certain set of protocols. Men posture themselves a certain way while every lady dons her best-laced clothes or hand fan. Spoons don’t clink against the cup while stirring, and introductions, regardless of however informal the event, are made as formally as possible. While this sense of English appropriateness might drive some cultures crazy, we all understand the importance of some degree of basic etiquette. There are certain unwritten rules that exist within a social context that require a fair amount of politeness, respect and sensitivity. These protocols for behavior can look different in an informal context but are a little better defined within a business environment. In this article we will examine a few such protocols:

    1. Formal introductions:While casual settings call for an intro that can be as simple as a “Hi”, introductions made within a business or professional environment, require a proper “hello” and a polite handshake. It is

Appropriate Behavior of Business Etiquette

2Professional Etiquette is an important facet of working in a business environment. In the workplace, people understand that there needs to exist a certain type of behavioral dynamic that makes it possible to work harmoniously with others by adhering to minimum standards or norms of appropriate interactions. While there are numerous resources on a wide range of subjects that deal with professional etiquette, in this article we are going to look at, what some would consider more trivial aspects of behavior in the workplace, but which are just as important as the others:

    • Let’s begin with cell phones. If a phone call must be taken at the workplace it is considered professional to speak in a low volume and to especially keep the conversation as short as possible. Discussing loudly and boisterously with a friend about the plans for the weekend is not a conversation worthy of attention at the workplace.

 

    • Maintaining a safe ‘phone distance’ is also just as important so as to not make people uncomfortable by being within earshot of a private conversation. A safe distance is generally considered to be anywhere from

Trials and Tribulations With Transfer Pricing

rThe legality of transfer pricing certainly has a grey line. Sure, there needs to be the benefit of companies trading with other foreign companies. Companies need to benefit from the abundance of goods and resources from foreign land. However, when prices are set as to avoid the larger taxes and gain maximum profit, litigation may be mandatory.

Transfer mispricing is defined as trade to related parties at distorted prices to minimize the overall tax bill. Unrelated parties who participate in a trade that generally follows a good transfer pricing through the use of the “Arm’s Length Principle” where a common market price for the item being traded is set. However when a company has related subsidiaries, they may participate in this price manipulation. Let us say there are three related companies: X, Y, and Z. Company X has an abundance of minerals that they will trade to Company Y at a low price. Company Y is located in a tax haven, or a place where the tax rates tend to be low. Company Y then trades to company Z at an artificially high price. Company

Benefits of Buying and Selling Online

eeA B2B online digital marketplace connects buyers and sellers globally. It enables businesses to list products, and sell to an international customer base. It lets businesses of all sizes list their products and services for free. It is a platform that lets businesses create product pages, and uses its own channels to promote and market the products. It is a global platform that enables the buying and selling high quality products and services online.

Buy and Sell Online

Products listed can vary from categories such as clothing, retail, fashion, technology, business solutions, web-based and offline (location-based) services. To start selling online, businesses need to create a seller account, list products and create a catalog. The platform does not charge its users for registration. When customers visit product pages and make purchases, their payments show up on the seller’s dashboard, from where they can be withdrawn. Sellers get the ability to list any number of products for free and cataloging tools through the website dashboard.

Buyers can purchase a wide variety of products and services from the platform by creating an account. You will have access to original

The Effects of Globalization on Both Accounting Profession and Education

eInnovations in technology has catapulted the financial district into a global market. Globalization has had a large influence on the way businesses conduct business. Firms are not only responsible for being privy to information involving consumers in their own backyard but also understanding consumer culture as well as economic, political, and legal structures that exist in other countries. Due to the influence globalization has had on businesses, it has changed the expectations that are required of incoming business students and their education. More specifically, accounting students are being impacted by the changes globalization has influenced the market with. These students are challenged more particularly throughout their undergraduate years to understand not only the rules and regulations of GAAP (General Accepted Accounting Principles) but also the standards set forth by the IFRS (International Financial Reporting Standards). Within the accounting sphere, the primary focus has been on external reporting which involve the preparation of financial statements and auditing. However, due to the ever changing world of the global market, future accountants are required to possess perspectives that influence both external and internal reporting. The market will

Importance of Professional Translation Services in Public Sector

ssDo we need translation services in the public sector? When you look at the public sector in different countries, what can prompt them to agitate for translation services?

As we talk about translation services, we mean translating documents from one language to another, might be from English to German or German to English, but not limited to these two languages.

Public places are always bombarded by people who speak different languages seeking for help, so how do they understand each other? Basically, translation and interpretation are the best choices in this place.

What is public sector?

This is part of the economy controlled by the government in any country and plays a role in delivering social services to the communities. We can talk of places like government hospitals, public schools, police, army, local government and etc.

Currently, the United States public sector increased the procurement of translation services to help people who are non-English speakers, these people need government services like health care, education, legal aid, and public protection. To ease communication, translation is proved to work better.

The governments in different countries can procure translation and interpretation services from

Have You Started Looking for Translation Companies

tWhen globalization happened, opportunities emerged fiercely and rampantly. But so did the many challenges accompanying this new wave. Now with technology, new trade pacts, new World Trade Agreements and fresh political bonds between different countries, many companies found themselves, suddenly and surprisingly, standing amidst a plethora of new and unforeseen forces.

Some of these forces were good and hinted of new markets and profit pockets. And some of these forces were flanked with problems and pitfalls of their own kind.

Yes, it is right that when globalization opened frontiers of a vast new world and fresh markets, most brands and businesses had a new playground to jump around. Yet, the game could quickly turn into a lost bet if the right investments were not made to tap gains at the right time.

The companies who made the right choices invested in new resources, new skill-sets, new product development and of course localization. The successful and wise companies also took cognizance of translation issues here, at the precise juncture of new opportunities.

Such organizations knew that translation may not pop right into the radar and would definitely not be

How Ocean Freight Shipping Can Valuably Assist Your Business Or Relocation

oChoose the Right Ocean Freight Shipping Company

If you’re considering sending your goods or items abroad via ocean freight shipping, you want to make sure that you’re hiring an efficient and reliable service provider. Take into account that you’re getting first-class service. The ocean freight shipping company you’re doing business with should be able to provide for your shipping needs. It should be able to transport your cargo overseas in a safe and timely manner. Does the company have sufficient know-how about the location you’re sending you’re goods to? At the same time, how familiar are they with customs law?

Choose an ocean freight shipping company that can cater to your diverse shipping needs. They ought to be flexible when rendering their services. It makes sense to transact with a company that has a reputable name in the industry. Is the company you’re hiring known for delivering high-quality shipping services? Consider the cost factor as well. Although ocean freight shipping is generally costly, you should be able to avail of a reasonable fee from a reliable company.

Avail Of High Quality Shipping Services

You’ll find that there are

5 Easy and Smart Tips For Reliable Ocean Shipping

eInternational Ocean Shipping is often a service that some people think they either can’t afford or is too complicated. Neither is true. Ocean shipping worldwide is actually less expensive than other services and the process is really quite easy. Here are a few simple tips about ocean shipping:

  1. Get a free quote- Most International Shipping companies will provide a quote right on their website for your convenience.
  2. Book the shipment online or by telephone- Usually the company that you book your shipping worldwide with will provide a booking confirmation and all of the information that you will need when your shipment is picked up or you deliver it to them.
  3. Pack the boxes- Be sure to pack them well and mark appropriately. Include port of destination, delivery number, and the last name of whoever will be picking up the shipment at its destination. Don’t forget to number your boxes as well. For example, number them 1 of 4, 2 of 4, etc.
  4. Present your packing list- Most companies that offer shipping offer this feature online. This gives them the information needed for the Marine Bill of Lading. In

The State of Manufacturing Shifts From China to Vietnam

asAsia became a manufacturing leader during the 1960s, when Japan began exporting electronics and other retail merchandise. Twenty years later, South-East Asia became dominated by Japanese-owned manufacturing plants. During those 2 decades South Korea and Taiwan also entered the industry.

In 1990, following China’s entry, 26 1/2 percent of worldwide manufacturing was being done in Asia. Thirteen years later this figure grew to 46 1/2 percent. Today, China outputs approximately 1/2 of all Asian manufacturing.

The Shift from China to Vietnam

News releases in 2010 reported that Vietnam had become the primary supplier of Nike sneakers, accounting for 37 percent of the fabrication while Chinese numbers had dropped to 34 percent. A few years later, in 2013, Vietnam’s share of Nike product manufacturing had grown to account for 42 percent. China dropped even further to 30 percent. Over the intervening five years, news reports featured an increasing number of stories about manufacturing moving from China to Vietnam.

Chinese Wages and Currency Strength

There have been many factors responsible for the increasing attractiveness of Vietnam to provide the assembly labor including increases in the demands of the Chinese workforce and

Visiting Quebec? Here Is What You Need To Know

qIf you are planning to visit Quebec, there are a lot of things you need to be familiar with. Let us take a look at some of the key things you should be mindful of which will help you plan the perfect trip to Quebec.

1. Know more about the French language

It is important to understand that there are as many as 8 million speakers who only converse in Quebec French language. Quebec is that part of Canada which caters to the French speaking people. There are a few rules that have been imposed by the OQLF which is also known as the language police. The main aim of this police is to ensure that nearly 80% of the province should speak French and the businesses and even the signboards should make use of the French language. So, ideally, you should know Quebec French language for smoother operation in this area.

2. Quebec French is not the regular French language

A lot of people make this mistake of thinking that Quebec French and the French spoken in France are same. While the base language is same and

How to Make Language an Asset and Not a Barrier for Your Brand

iIt is a no-brainer that the reach, depth and footprint impact of a brand today are not limited to geography. Most brands are expanding their wings and appetite for a multi-lingual market.

This market comes with its inherent challenges and yields. If a brand is able to crack the language riddle correctly and in time, then there’s no stopping it from reaching new audiences that it desires. So language can be as much of a pitfall when a brand is thinking of conquering new regions. The pitfall can, however, be spun into a lever of growth and better outreach when deployed smartly.

Language translation emerges as the potent way here to make language the brand’s strengths and not weakness. Translation includes but is not limited to, marketing communication alone. There are many vital parts of the strategic blueprint that have to be viewed from a translation angle too.

Multilingual translation services are not just employed for branding work. They are equally important for other areas that have become similarly powerful touch points for all the stakeholders of the company. Software, APIs, UI bits, Apps, Websites, Technical specifications,

How Ocean Freight Shipping Can Valuably Assist Your Business Or Relocation

34Choose the Right Ocean Freight Shipping Company

If you’re considering sending your goods or items abroad via ocean freight shipping, you want to make sure that you’re hiring an efficient and reliable service provider. Take into account that you’re getting first-class service. The ocean freight shipping company you’re doing business with should be able to provide for your shipping needs. It should be able to transport your cargo overseas in a safe and timely manner. Does the company have sufficient know-how about the location you’re sending you’re goods to? At the same time, how familiar are they with customs law?

Choose an ocean freight shipping company that can cater to your diverse shipping needs. They ought to be flexible when rendering their services. It makes sense to transact with a company that has a reputable name in the industry. Is the company you’re hiring known for delivering high-quality shipping services? Consider the cost factor as well. Although ocean freight shipping is generally costly, you should be able to avail of a reasonable fee from a reliable company.

Avail Of High Quality Shipping Services

You’ll find that there are