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South Korea Expecting an Economy Growth by 2.3 Percent

July 10th 2010 01:03

While most of the countries in Asia region facing the bad recession, South Korea’s economy has reported with the fastest economy growth in the past five and a half years!

Based on the gross domestic product report, the statistic has arisen 2.3 percent from the previous three months.

The South Korea’s central bank mentioned that the three factors, which as increased government spending, the aid for car buyers and the record of low interest rates have helped to boost up the economy!

South Korea’s total exports rose 14.7 percent in the second quarter, compared with the first quarter. It’s a really good sign of economy recovery for South Korea.

South Korea’s economy is regarded as the third largest in Asia region and 13th in the worldwide. Hence, it plays an important roles in the contribution, in either Asia or world economy progression!

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South Africa Central Bank Chief Have Been Replaced by an Iron Lady!

June 26th 2010 02:23

South Africa is one of the most rapidly growing countries in Africa’s continent. This country have been managed to achieve over 8 percent of GDP over the last few years.

South Africa’s recent President, Mr. Jacob Zuma is a very powerful and caliber person, which he had brought South Africa into a more stable development level.

By the way, he’d named the former deputy governor, Gill Marcus as the new governor of the country’s central bank. In this case, Marcus will replace Mr. Tito Mboweni in this November. Although Mr. Zuma had discussed with Mr. Mboweni for continuing his position as the country’s central bank chief, but he had refused Mr. Zuma’s request and decided to leave the position!

FROM

For your information, Ms. Marcus served as deputy governor of the South Africa Reserve Bank from 1999 to 2004.

Mr. Zuma thought that Ms. Marcus would be the best candidate, as she’s a person that have a very unique personal views. By the way, Ms. Marcus is also the chairwoman of Banking Group Absa as well.

Mr. Zuma hopes that his decision will bring South Africa’s economy into another higher level.

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Rolls-Royce Employed 23,000 Employees in United Kingdom

June 5th 2010 03:16

How many information do you know about Rolls-Royce? Well, most people know that it’s the famous car manufacturer, but they didn’t know that it’s also the pioneer in aircraft engine manufacturing niche as well!

Based on the current report, Rolls-Royce is planning to invest £300m in four new UK manufacturing sites. Meanwhile, the UK government will contribute £45m to the plans, as it’s to build a brand new casting facility for turbine blades and making components for nuclear power stations.

Beside that, Rolls-Royce said they’ve planned to open a new plant in Singapore in the near future. The new plant provides more than 500 new jobs to the Singaporeans.

According to the latest statistic from Rolls-Royce, the company had already employed 23,000 employees in the United Kingdom. The luckiest thing about it is until now; none of the employees has been fired, due to the bad economy condition!

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Free Premium Business Cards For Everyone

May 29th 2010 03:00

Well, guys. Today, I'm going to spread out some love here, by giving out free premium business cards to every Orblers and also my visitors...

Three days ago, Carrie, a friend of mine during high school, sent me an email. She told me that she got a set of 250 premium business cards with no zero, nada, nil charges!

At first, I was quite skeptical. However, I gave it a try and created a set of free sample. Guess what?! It's totally free, as Carrie said so lol

Therefore, I want to share this free stuff with you. Click on here and you're good to grab the free sample. Don't worry, no hidden conditions or string attach!

Go and grab it, while it's on stock, first come first serve...

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Nokia’s First Quaterly Profit is hugely increase!

May 22nd 2010 01:45

Nokia, as one of the world’s biggest mobile phone maker, has announced their profit earning for the first quarter of 2010!

Honestly, they’re very pleased with the profit, as it surged to $467 million, comparing than the poor $163 million in 2009. At least, it’s a three times of profit for Nokia company, which is definitely the greatest news for them, after having the worst sales rate last year, due to the global economic doom.

However, Olli-Pekka Kallasvuo, Nokia’s chief executive mentioned that it’s the toughest time for the company. Although the competition remains intense, but the overall mobile device market has been sliding down rapidly.

In other hand, Nokia’s top competitor, Sony Ericsson is also sharing the happy moment as Nokia did, where they managed to gain a total net profit of $29 million for the first quarter of 2010, and it’s absolutely much better than the $392 million deficit in the first quarter a year ago!

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Is Yemenia Going to Cancel Its Airbus Order?

May 15th 2010 01:22

Guys, you’ve already knew that the Yemenia crash has killed 153 people, which there’s only one 12-year-old girl survived in the accident! Due to the safety of the passengers, Yemenia has decided to order ten brand new Airbus A350s.

However, Yemenia, which is recently owned by the government of Yemen and Saudi Arabia, has been said that it might want to reconsider the order, as it didn’t receive any support from the manufacturer.

Mr. Abdul Khaleq al-Qadi, the Yemenia chairman said, the Airbus told the media that the airplane crash was due to technical problems. He was very upset by the reaction of the Airbus; hence he decided to hold the order of the ten A350s airbus.

In other hand, the Comoran community in France was angry with the incident, as they said that the 19-year-old airplane should be stopped in the very beginning, but not to be used for service!

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Is the Economic Downturn Having a Deep Impact on Charities?

May 1st 2010 01:20

When we’re having extra money, some of us will consider to donate it to the charity organizations. However, have anyone of you ever wondered, “Would the recession giving a hard time to the charities?”

Well, it sounds a little bit unbelievable, but the charity organizations claimed that the total donation from the public is slightly raise up to 15 percent in the past few months!

Yasmin Jeffrey, the marketing manager of St. Nicholas Hospice, which is located at United Kingdom, said the annual “Flag Day” fundraising have been hit a new record of £1,200, which is more than expected in the very first place!

“It’s quite a surprise, as the people seem to be more generous, especially in the economic downturn period,” said Yasmin Jeffrey.

Based on the statistic from the UK Cards Association, the total amount of donation for the first four months of 2009 on debit cards was 24 percent higher than the previous year, while credit cards donations were up 11 percent!

So, have you done any donation over the past few months? If you haven’t, then it’s time to show your concern to the unfortunate ones.

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Google Quarterly Profit is Slightly Increased

April 17th 2010 01:40

Google, the big daddy of the online search, advertising, e-mail, online mapping and much more, have nearly 20,000 employees until June 2009!

Whilst most of the big corporate/companies are threatening with the financial crisis, Google is strike back the economy downturn with a beautiful Ace!

Google has recently announced that they have a better quarterly results than the expectation, when the company’s net income hit $1.48 billion in the second quarter, which is 18.4 percent increased, compared to $1.25 billion for the second quarterly profit in 2008!

Google pointed out that 53 percent of the profit is came outside the United States.

Eric Schmidt, Google’s chief executive mentioned the results projected the strength of the Google in the online business. This means, Google had stabilized its status in the competitive internet world.

Google also described the paid clicks, which is mainly focus on the Google Adsense, were 15 percent higher year-on-year. It’s a very good phenomenon, as it shown that people are willing to spend money in advertising, regardless of how bad the economy is.

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Ghana Had borrowed $600 million Loan from IMF to Aid Their Country’s Economy!

April 3rd 2010 01:38

The economist experts always say the oil-producing countries might make a lot of fortune, due to the exports of oil to the worldwide!

Well, maybe they should revise their words here, as not every oil-producing country is as lucky as Norway did.

Let’s take an example. Ghana’s one of the leading oil-producing countries in Africa, but the country is suffering from a very serious budget deficit! It has been badly hit by high food and fuel prices over the past few years. Isn’t it sounds ridiculous, as an oil-producing country need to face with the high fuel prices?

Ghana’s recently deficit is 9.4 percent, which is much better than 14.5 percent in 2008! For stabilizing the country’s economy and reduce the budget deficit into a lower rate, Ghana decided to get a $600 million loan from the International Monetary Fund (IMF) to help them boosting up their economy!

Besides a leading oil-producer in the Africa, Ghana is also best known as the world’s second-largest cocoa producer and Africa’s second-biggest gold exporter as well!

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Citigroup Made Its Massive One-off Gain!

March 22nd 2010 02:03

Here is good news from the Citigroup, one of the biggest banks in the United States.
After a year of struggling from the loss of $2.5 billion in 2008, Citigroup gains it momentum back, when it made a total of $4.28 billion in the second quarter of 2009.

Honestly, it’s a very huge booster for the Citigroup, especially in this tough situation, where there are more than 63 banks have been bankrupted in the past few months.

For your information, the Citigroup profits were came from a one-off gain of $11.1 billion from the sale of its Smith Barney brokerage.

However, Citigroup has still faced the losses on consumer loans, as there are many credit card holders won’t didn’t clear their credit debts yet, which is accumulated more than $2.5 billion!

The Citigroup has received a total of $45 billion bail-out earlier from the US government.
Honestly, Citigroup is now in the “mixed bag”, where it has the advantage and disadvantage sides. The best part is the bank earnings are looking good, while the bad thing is there are many credit losses in for their business!

The Citigroup will have a tougher situation waiting for them in the near future…

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