Sourcing goods from low cost world markets and selling it locally

Business Opportunity: There are thousands of products available to source, you may find the best products which you can judge and ensure the quality will be liked by local buyers. For example if the product market price is 100, your cost price is 25 for buying 10000 quantity, so u may sell same at price 40-50, the buyer will sell at 75-95 or even 100 who buys the product from you. Its a simple fact that no retail buyer will buy 10,000 quantity of 1 product to reduce the cost, and the price gap in market will remain open. If we take a product example, mass volume can be of help like buying 10,000 laptops of 1 model. Process: You may order a single product, test the quality, use it for a sufficient period of time  Do a research with locals, friends and associates if they like...

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Japan's retail sales dip less-than-forecast in May

Related Stories Retail sales in Japan fell less-than-forecast in May as the country starts to recover from the 11 March earthquake and tsunami. Retail sales fell 1.3% in May compared with the same month last year, according to the latest government data. However, compared with the previous month, retail sales rose by 2.4%. Analysts said that the numbers were an indicator that the Japanese economy was starting to recover. "The pace of decline has slowed, reflecting a quick recovery from the damage to supply chains," said Hioshi...

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Citigroup banker pleads not guilty to $19.2m theft

  A former Citigroup banker has pleaded not guilty to charges that he stole $19.2m in the "ultimate inside job". Prosecutors say Gary Foster, a 35-year old former vice president at Citigroup, moved the money from two separate accounts at the bank to his own account at JP Morgan Chase. The offence is said to have taken place between May 2009 and December 2010. Mr Foster, who left the bank in January this year, faces 30 years in prison if convicted. The alleged 18-month fraud went unnoticed until a recent internal audit at the...

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Christine Lagarde named IMF chief

  France's Christine Lagarde, 55, has been named the first woman to head the International Monetary Fund (IMF). The announcement of her appointment came soon after she received the backing of the US and Russia. Ms Lagarde, the French minister of finance since June 2007, was up against Mexico's Agustin Carstens. An IMF statement said that both candidates "were well qualified". The post became vacant following the resignation of Dominique Strauss-Kahn. "The results are in: I am honoured and delighted that the board...

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Greece: Top Italian banker says Europe's banks can help

  The boss of Italy's biggest bank says Europe's banks can work together with European institutions to help Greece. "I think there is room for strong collaboration," said Corrado Passera, chief executive of Intesa Sanpaolo. On Monday, French President Nicolas Sarkozy said French banks had agreed to extend their loans to Greece. Eurozone officials are trying to find a way for banks to support Greece's bail-out without the country being judged to have defaulted on its debt. Credit ratings agencies have warned that if banks agree...

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Free Business Start Up Ideas: Junk Removal

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Business

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Italy bank shares dive on credit rating alert

Unicredit was one of the banks whose shares fell sharply in the wake of the Moody's warning Shares in leading Italian banks fell sharply after the credit ratings agency Moody's said it may downgrade their status. Moody's report, published late on Thursday, put 16 Italian banks and two government institutions on review for a possible mark-down. Shares in the country's biggest bank, Unicredit, lost 5.5%. Intesa Sanpaolo, Italy's second-largest bank, and Monte Paschi also dropped. Trading was suspended in some banks. Other factors weighing on bank shares included fears that Italian...

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US consumer spending fails to rise in May

Falling car sales were partly blamed for the unchanged consumer spending US consumer spending was unchanged in May, the first time there has been no growth since September 2009. Adjusted for inflation, spending contracted by 0.1% compared with the month before, according to the Commerce Department. Consumer spending accounts for about 70% of US economic activity. Incomes grew by 0.3% in the month, which was 0.1% above the rate of inflation, reversing a 0.1% inflation-adjusted decline in April. "While there are no major surprises,...

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Greece: French banks ready to roll over loans, Sarkozy

Nicolas Sarkozy is trying to forge a plan for French banks to give Greece longer to repay French President Nicolas Sarkozy says his country's banks would help Greece by giving it 30 years to repay. France's Figaro newspaper said banks are ready to relend - or roll over - 70% of loans they hold. The plan is being worked out by the French government and bankers. Greece, which has not yet exhausted all its first 110bn-euro (£98bn, $158bn) bail-out, is already standing by for further rescue loans expected to be up to 120bn euros. ...

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Enterprise Investors tips IT, retail, manufacturing, finance

Cristian Nacu, president of South Eastern Europe’s Private Equity Association (SEEPEA) and partner in Polish investment fund Enterprise Investors provides some insight into the activity of both organizations, their plans for the future and the hot investment domains for private equity funds on the local market. Otilia Haraga Give me an example of when SEEPEA has lobbied the Romanian authorities during your term? Recently, the EU introduced a law for the regulation of the private equity and hedge funds market. This must be implemented by all member states in their national legislation. We will try to contribute to the creation of this...

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Developer Oasis launches commercial property management division in Romania

Retail developer Oasis has launched its Shopping Center Services division, which will provide commercial management and technical administration services for the retail sector. The new division will be headed by Brigitte Schmitt (pictured), the former head of the property management division of DTZ Romania. The new division already administers a portfolio of 25,000 sqm of retail space in the projects developed by Oasis Development. Oasis Shopping Center Services provides technical and commercial management services for retail developments, as well as analysis for tenants mix reconfiguration. The new division plans to have over 100,000...

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Bucharest Stock Exchange included in Dow Jones Global Exchanges Index

The Bucharest Stock Exchange BSE was included in the Dow Jones Global Exchanges index, which measures the performance of shares issued by stock exchanges and trading platforms across the world. BSE was effectively included in the index after the end of the June 17 2011 trading session. The Dow Jones Global Exchanges index is revised quarterly and is calculated based on the price and total yield. On June 8th of this year the BSE free-float capitalization was of USD 107.4 million. There are 23 other stock exchanges included in the Dow Jones Global Exchanges Index: ASX Limited (Australia), BM&F Bovespa S.A. Bolsa de Valores Mercadorias...

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new 1st Annual Business Event Summit

About the First Annual Business Event Summit Events are simply things that happen. In day-to-day business activity, Business Events happen everywhere, all the time. Many are orderly and highly repetitive, but others can be difficult to detect or predict, or rare. How can you manage and exploit all these Business Events more effectively? How can you respond to Business Events instantaneously and selectively in a manner that scales and supports your business processes? What do you need to know about Business Events to do your job better? Technology to manage Business Events, called complex event processing (CEP), is entering the IT mainstream, opening exciting new opportunities for building better business capabilities. Early adopters have already demonstrated...

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Republicans bail on budget talks, blame Democrats

WASHINGTON – Republicans pulled out of debt-reduction talks led by Vice President Joe Biden with a flourish on Thursday, blaming Democrats for demanding tax increases as part of a deal rather than accepting more than $1 trillion in cuts to Medicare and other government programs. "Let me be clear: Tax hikes are off the table," said House Speaker John Boehner, R-Ohio. Boehner spoke shortly after the House GOP second-in-command, Majority Leader Eric Cantor, announced he would not attend a...

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Jobless claims data points to weak labor market

  WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labor market this month after hiring stumbled badly in May. Initial claims for state unemployment benefits climbed by 9,000 to 429,000, the Labor Department said on Thursday. Economists had expected claims to come in at 415,000. The claims report, which covers the survey period for the government's closely watched data on nonfarm payrolls for...

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LSE bid on knife edge as TMX battle heats up

TORONTO/LONDON (Reuters) – A brace of sweetened offers has failed to sway shareholders in the race to buy the operator of Canada's biggest stock exchange, and time is running out ahead of a June 30 shareholder vote. Shareholders said the London Stock Exchange must raise its friendly bid for TMX Group significantly before they will back the proposal, which now includes a welcome cash element in the shape of a special dividend. But anti-trust concerns could derail...

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Oracle hardware sales drop, shares fall

BOSTON (Reuters) – Oracle Corp shares dropped 6.3 percent as investors were disappointed that its profit beat estimates by a narrower margin than in recent quarters. It released the disappointing results as Micron Technology reported quarterly revenue below expectations. The reports from the two companies don't bode well for other tech companies, which face shaky economies, especially in Europe. Most tech companies don't report until next month. "IT spend has slowed down. Any company that is in technology is going to get impacted," said Trip Chowdhry, an analyst with Global Equities Research. Oracle reported profit, excluding...

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Wall Street reverses sharp sell-off on Greek deal

     NEW YORK (Reuters) – Stocks closed way off session lows on Thursday on news Greece agreed to a five-year austerity plan, but lingering economic uncertainty ultimately drove indexes mostly lower, keeping a downward trend in place. The Nasdaq wiped out all its losses, ending the session higher and back in the black for the year. The news out of Greece set the stage for a resolution to Athens' credit problems, which have hurt investor sentiment around the globe. "Shorts will unwind some positions, but this isn't the whole story," said...

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