NetEase News January 25 January 25, the following is the world’s major financial media headlines
“New York Times”: Apple First-quarter net profit rose 118%
Apple released in 2012, local time, 24 first-quarter report. The report shows revenue of $ 46.333 billion the quarter, compared with last year’s $ 26.741 billion up by 73%; net profit of $ 13.064 billion, compared with last year’s $ 6.004 billion increased significantly by 118%. Substantial growth in both revenue and net profit on strong sales from the iPhone, as of December 31 this quarter, Apple sold 37.04 million iPhone, 128% more than last year, exceeding the average analyst forecast of 31 million. Meanwhile, iPad sales of 15.43 million, up a long 111%; Mac sales of 520 million units, iPod sales of 15.4 million units, respectively, an increase of 26% and 21%. In the first quarter, Apple’s net profit for the $ 13.064 billion, $ 13.87 per diluted share, compared with Apple’s net profit for the $ 6.004 billion, diluted earnings per share $ 6.43; first-quarter operating profit of $ 17.34 billion , higher than last year’s $ 7.827 billion; gross margin was 44.7%, 38.5% higher than the same period last year.
“USA Today”: demand for foreign companies listed in Hong Kong
for those seeking to improve the visibility of companies in Asia, the Hong Kong Stock Exchange is fast becoming their of heaven. Although the IPO in the world are in a weak state, but the Swiss commodities group Glencore, the Italian fashion brand Prada and U.S. luggage maker Samsonite and other well-known foreign companies were listed in Hong Kong last year. Analysts expect the well-known motorcycle business in Italy and the UK Ducati diamond jewelry retailer Graff Diamonds in Hong Kong this year IPO. These companies are seeking ways to enhance their sales and attract ever expanding Asian middle class. Europe and the United States has always been the destination for companies seeking listing, because they are in hopes of landing the international market. But as the Asian economic prosperity, more companies will sights east. Hong Kong Stock Exchange in 2011 were financed by $ 36.1 billion IPO, which accounted for more than half of foreign companies, which help the exchange to become the third consecutive year the world’s largest IPO market. Hong Kong Stock Exchange last year, the number of foreign companies grew 50% to 24.
“Financial Times”: IMF or the ECB is being applied to debt reduction total pressure
International Monetary Fund, European Central Bank is to put pressure on request by assuming the bonds are to support Greece’s fiscal deficit. European Central Bank currently holds $ 40 billion euros of Greek sovereign debt in 2010 was less than the face value of the purchase price of freedom of the Greek sovereign debt in order to prevent the collapse of the country’s debt. European Central Bank also accepts the Greek debt as collateral, the bank loans. Responsible for negotiations with the euro area private sector creditors, officials said, the current debt on the earnings reinvested in Greece, the Greek idea of ??aid by the European Central Bank resisted, although the IMF does not recognize the ECB is to put particular pressure. More the decision of the EU summit in December, the Greek private sector creditors will suffer losses of 50%, while the European Central Bank not undertake any form of loss.
“Washington Post”: IMF report warns that the global recession, the euro zone increased risk of crisis
the IMF report said the global economy is rapidly declining , the risk is much greater than the current recession a few months ago, the debt crisis in Europe is a “rapid” collapse of the breeding grounds. IMF’s growth, public and financial stability report that the global economy may be entering a severe recession. Center of the crisis is still the euro area, local political leaders have not raised relief funds must agree, which leads to a self-reinforcing crisis and that may lead to recovery hopes. IMF believes that if the Greek government into default, it could trigger another global recession. IMF report on the global growth in 2012 down from 3.25% to 4%, while global economic growth engine in China and India were reduced to 8% and 7.2%.
“Guardian”: International Monetary Fund lowered global growth forecast
International Monetary Fund (IMF) 24 announced its latest “World Economic Outlook “, in the report, IMF cut most of the major national economic growth is expected in 2012, and urges the Government to adjust its fiscal austerity measures of the” rhythm “to avoid the frustration of economic recovery. The IMF said, most major economies, GDP growth will “slow down, but will not collapse.” It will mainly be attributed to its debt crisis in the euro area, while the region is expected this year’s GDP will shrink 0.5%. IMF forecasts, “most of the developed economies to avoid recession in 2012, while emerging market and developing countries, economic growth will slow down.” It expects global GDP to grow 3.3 percent this year, in September last year it is forecast 4.1 percent.
“Daily Telegraph”: Bank of England governor, said there is no reason for the economic despair
Tuesday, Bank of England (Bank of England) President ? Mervyn King (Mervyn King) in Brighton on England’s speech to business leaders, said the British economy is facing “difficult, long and uneven,” the road to recovery, but once it recover, it will “than in the past 15 any time in more sustainable. ” UK economic data released on Wednesday, economists expect the last quarter of 2011, the UK’s economic growth will be negative growth, while two consecutive quarters of negative growth would mean that the country’s economy back into recession following the 2008 recession into a ” double-dip recession. ” In 2012, the first speech, King pointed out that the inflation rate down, wages growth remains in the doldrums, the Bank of England has kept interest rates low in the space, if necessary, the Bank of England will expand the scale of quantitative easing, to prevent inflation rate to decline further.
“Japan Times”: IMF reduced growth forecasts for Japan in 2012
International Monetary Fund (IMF) on Tuesday released a six-month period, “the global economy Outlook “report, a substantial reduction in global economic growth expected in 2012, said the global economic recovery by the adverse effects of the euro zone debt crisis, the International Monetary Fund expects economic growth in Japan in 2011 was 1.7%, compared with September last year, growth is expected to cut 0.6%, while the Japanese economic growth in 2013 down from 2% to 1.6%. IMF to cut global economic growth in 2012 0.7% to 3.3%, the 2013 global economic growth down by 0.6% to 3.9%. The IMF said the global financial conditions worsen, the economic growth prospects, increasing downside risks to the economy, the euro zone sovereign debt crisis will lead to economic recession in the year 2012 is expected to decline 0.5% in the euro area economy, economic growth in the euro area in 2013 0.8 percent.
“Times of India”: India, Citigroup intends to lay off 100 people
Citigroup on Tuesday announced plans to lay off 100 people in India, as Citigroup CEO Pandit plans 4,500 layoffs as part of, also said that India remains the group’s priority markets. Citigroup said the group continued to examine the internal processes and organizational structure, adjust the size of the organization to adapt to efficient growth, Citigroup India operations will affect 100 jobs. Citigroup is one of India’s largest three foreign banks in India has about 7,000 employees, business scope, including corporate banking, consumer services, investment banking and wealth management and other aspects, Xu 2011, employs more than 1,500 employees. Insider said the layoffs will affect all businesses the bank in India, but is unlikely to include managing director level employees.
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