| Chinese Industrial Production Slows In October
(RTTNews) - China's industrial production grew 17.9% in October from last year, slightly slower than the 18.9% increase in the prior month, a report from the National Bureau of Statistics indicated Thursday. Industrial output expanded 18.5% in the first ten months from a year ago, the report said. The slowdown in industrial activity was due to a recent government policy clamping on industries running beyond capacity, consuming more energy and emitting excess pollution. Expansion was spread across the sectors in October, with a majority of them recording double-digit growth. Automobile industry topped with 75,2000 units, with annual output growth of 24.3%. Production of Sedans rose 25.7% to 394000 units in October. Non- metals sector expanded 22.7%, while chemical product output spiked 19.1%.
Markets Likely To Open Higher; Profit-taking May Cap Gains - European Commentary
(RTTNews) - The major European index futures are pointing towards a higher opening for the markets on Thursday. But global cues are weak, with the U.S. stocks closing lower overnight and the major markets across the Asia-Pacific region trading weak on Thursday. Additionally, some degree of profit-taking can be expected following three days of gains. Meanwhile, crude prices have risen on speculation that U.S. supplies are declining. In Europe, the major economic releases scheduled for the day include the German CPI, the Bank of France business sentiment, the British retail sales, and the Euro-Zone CPI. In the U.S., investors await data on CPI, weekly initial jobless claims, petroleum stockpiles, Philadelphia Fed survey and Empire manufacturing survey. The European markets rose for a third consecutive day on Wednesday, as strong earnings from companies such as HSBC, ArcelorMittal, Hochtief and Q-Cells lifted investor sentiments and rising crude oil and copper prices boosted energy and mining stocks.
New Study of Small Business Capital Sources Uncovers Savings Opportunity Through Optimal Use of Trade Terms
American Express OPEN citing a new study of capital sources for small business, identified trade terms as a popular and effective financing tool for delivering significant cost savings to small businesses, including $11.8 billion annually through early pay discounts. In order to make trade terms more accessible and easier to use, OPEN presents the PlumCard(SM) as one opportunity for small business owners to optimize the use of trade-like terms in the transaction simplicity of a Card. .
Energy Roundup: Oil ends above $98
NEW YORK (AP) - Following is a summary of top stories in the energy sector Tuesday afternoon. Weak Dollar and the Fed Boost Oil Futures Oil prices rose sharply, settling at a record over $98 a barrel. Oil futures, which offer a hedge against a weak dollar, picked up momentum as the dollar fell to a new low against the euro, and continued higher after the U.S. Federal Reserve forecast slowing growth and tame inflation next year. Light, sweet crude for January delivery surged $3.39 to settle at a record $98.03 a barrel on the New York Mercantile Exchange after rising as high as $98.30 earlier. Crude prices are within the range of inflation-adjusted highs set in early 1980. Depending on how the adjustment is calculated, $38 a barrel then would be worth $96 to $103 or more today.
Get credit card, bank loans to expand business
Like a teenage boy, growing businesses have a huge appetite. They gobble cash, and you're constantly amazed by how they manage to consume so much so fast. But when your company's expanding, orders rolling in, and your ambition is high, you need money! How -- and where -- can you find the money to help you manage the growth of your expanding company? Credit cards: A majority of entrepreneurs (71 percent according to a Small Business Administration study of 1998 businesses) used credit cards to help finance their business. Why? They're an easy and fast way to get and use money. But they're dependent on your personal (not business) credit-worthiness, affect your personal credit score, may have high interest rates. Most importantly, it's very easy to get in trouble. Home equity: For many entrepreneurs, the value of their home (minus existing mortgages) has become a source of business financing, being far easier, faster, and usually cheaper to get credit based on your home's value than on your business.
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