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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