Thursday, February 24, 2011


Honda, and now Toyota, is recalling almost 2.17 million cars in US to adress issues related to defected accelerator pedals, that could become entrapped in floor mats or jammed in carpeting.

Toyota has recalled more than 14 million vehicles globally, that included fuel gauge, gas pedals and other brake issues, and has already been under pressure from many countries over such recalls, costing them billions already.

But whats interesting to note here is that, China is surprisingly not in this recall list. The General Administration of Quality Supervision, Inspection and Quarantine met with Toyota executives based in China on Feb. 18 regarding the issue, but Toyota has yet to issue a formal response, the report cited administration spokesman Li Yuanping as saying. China has requested an explanation and "specific technology details" from Toyota Motor Corp. (7203.TO) about why the company's global recall of 1.7 million vehicles for quality problems doesn't include China, Xinhua News Agency reported Thursday, citing a spokesman for the country's quality watchdog.

you can lodge a complain if yours is also not working to the mark .


Take a right turn, than again take a right turn, then again take a right turn, and then again take a right turn..... answer where you would be .......obviously where you started from.

Anyhow back to what tip for today is there from HBR, i wonder how they get something new yet so obvious everyday. Anyhow, they are of some weight anyhow.

Everyone of us thinks what we want to be or do in 1 year, 5 years or 10 years time, but guys, what about today. Have we got this day planned, what if Crude Oil passes $105 mark today, are we sure we have enough margin to tackle today's quotes or are we planned on what you want to have for lunch today. What if we don't see tomorrow??
When you're working on large goals, days can easily blend together. Instead of thinking about what needs to happen today, you're focusing on what needs to get done this week, month, or quarter. But, don't lose sight of what's in front of you: one day of work. By starting each day right, you're more likely to do the work that leads to achievement of those bigger goals. When you begin your day, pause and ask yourself whether you are ready for what is to come. Are you prepared for all your meetings? Do you know what work you need to accomplish? What risks can you anticipate and prepare for? Answering these questions will help you make the most of each day and set you up for success in the long term.
 Today's Management Tip was adapted from "A Life-or-Death Question to Start Your Day" by Peter Bregman.

Markets beware if tyrants ousted

This wasn't the best of weekends for Middle Eastern autocrats. The forced departure of Egypt's 30-year president Hosni Mubarak, less than 24 hours after he pledged to stay in power, gives victory to the Tahrir square protesters but other dictators will worry about the trend. After all, it was only last month that the Tunisian despot Zine El Abidine Ben Ali was forced from office.

Markets took the Mubarak news with relief, having plunged on earlier fears that he would obstinately cling to power, and his country might descend into uncontrolled violence. But the relief rally may be premature. The fact that Mubarak is gone does not automatically mean that calm will return. Nor does it guarantee a smooth transition to a more democratic regime and the rule of law. Emboldened protesters in neighbouring states may also confront other potentates in highly unpredictable showdowns. In a politically combustible region, similar sparks could ignite very different fires.

For the unpleasant truth is that, in Egypt and elsewhere, the likelihood of persistent chaos is higher than that of an orderly transition. Panicked dictators can react in a dangerous way, while the absence of civil society and durable political parties can easily lead to anarchy, perhaps civil war. The end result might be that one dictatorship is replaced by another. Look at Algeria, a Mediterranean country blessed by oil and scarred by poverty: who could predict what would happen there if a confrontation between Islamic parties and the army rekindled the civil war of the nineties?

So, markets beware. Consider what would happen if the Suez canal was closed or if oil supplies were hit by protests in Saudi Arabia's eastern province?

True, oil doesn't have the same importance today as in 1973 and 1979, when major oil shocks followed the geopolitical upheaval of the last Egypt-Israeli war, and the Iranian revolution. But a major disruption of oil supplies retains its capacity to seriously hurt Western economies.

In the longer term, there's no doubt that more democratic regimes will bring more stability and more prosperity to the region. But it will take some time to get there. In the meantime, global investors should tighten their seat belts.

© 2011 Financial Post and

Apple's Succession Issues

As co-founder and Chief Executive Steve Jobs has become indefinitely sidelined with an undisclosed medical condition, investors have increasingly demanded more information about the company’s future.

At its annual meeting on Wednesday, shareholders of the world’s most valuable technology company voted down a proposal to outline its plan for who will succeed Jobs. However, they passed a requirement for a majority vote before appointing unopposed board directors.

Tim Cook, Jobs’ top lieutenant, took the spotlight as shareholders dug for answers not just about Jobs, but also the company’s succession plan, what it might do with its $60 billion cash pile, and what devices may follow the iPad and the iPhone in coming years.

© 2011 Financial Post,

Wednesday, February 23, 2011


The last time we saw crude oil in above the $100 mark was in September 2008 before the crash took place.

Now as the reports Start coming in, crude oil futures futures for April delivery have reached Near $99.50. The High for today had already topped $99.95 a barrel, and are expected to increase to $110 if the Libyan crisis don't come to end. According to CME Light Crude Oil Index, May's futures are trading at $101.01 a barrel and October 2011 futures are at $102.33 a barrel

QATAR to do more investing in UK

UK Prime Minister David Cameron with Qatar Prime Minister Sheikh Hammad bin Jassim
The flourshing economies of the middle east, and the overall reserves being pulled up by the oil they have, has helped deserts into the financial hubs of the world. And this doesnt stops here.

In 2008, UK's third largest bank Barclays, went to the east, rather than the doors of westminister, as they turned to China, Qatar and Abu Dhabi to invest in their banks, which has always had a safer risk appetite in comparison to the other counterparts, as far as i have heard. And this was in par, a key to Barclays, that had tried to be healthy while being in the financial crisis.

Want to take RISK?

Risk the name of the game, if you want to get the profits. So as we have learned for years now, the more the risk, the greater the risk premium, the bigger the profit. But HEYY WAIT!!!!! This excessive risk taking has led the downfall of the bank we read in my last post..

Oh yes. One of the masters of the universe LEHMAN BROTHERS. Our freinds at HBR, have a tip on how to make risks, in tough times.

So lets hope we all sail the rough seas easily in desperate times.

Over the past few years, the economy has forced many companies to play it safe and take few, if any, risks. If your company culture has become — or always has been — risk-averse, try doing the following three things to turn it around:
  1. Evaluate risk-taking. Take an honest look at your company or unit and assess whether people avoid risks. Utilize interviews, skip-level meetings, or anonymous surveys to gauge whether people feel anxious or hold back ideas.
  2. Make idea-sharing safe. Create a "safe space" where managers and employees can voice their concerns, feedback, and ideas — without fear of retribution.
  3. Experiment. Ask a team in a part of the company you want to grow to conduct a series of rapid-cycle experiments to test new ways of working. Make it explicit that failure is acceptable as long as learning comes from it.
Today's Management Tip was adapted from "Taking Risks in Tough Times" by Ron Ashkenas.

LEHMAN looses yet AGAIN

We heard at the financial crisis started with the fall of Lehman Brothers, and then the whole black hole came around, that sucked trillions in market value and wealth. But Lehman's was a victim of its own system. I still recalled what i saw in BBC's programme Love for Money "The Bank that Bust the world", Then Merrill Lynch's Chairman and CEO John Thains said that it would have had taken 30-40 billion dollars to rescue Lehman, but it would have stopped he catastrophic effects it brought. Anyhow, that changed the world completely

Tuesday, February 22, 2011

80/20 rule by LInkedIN

I am thinking that all of you who are part of the Bizz, are part of the connections, where "Relationships Matter", known as LinkedIN. LinkedIN is going to get public and so is the community growing. Here is how the 80/20 Principle by Pareto. In fact, this is so with every social media or advertising company, many of the user base never gets online for months as said in this blog post. Lets read how this rule is applied in LinkedIN. The post is part of Ecoconsultancy's Blog
LinkedIn, the social network that has carved out a lucrative niche as the social network for professionals. It's going public soon, and could pave a golden path for social networking brethren like Facebook when they go public.

On the surface, LinkedIn looks impressive. In the first three quarters of 2010, it generated upwards of $160m, double what it produced in 2009. Perhaps more importantly, 2010 also marked the company's first year as a profitable enterprise.


I would hope that all those who are reading this tip get promoted soon, and become Bosses, and excel in their lives and their careers at the best way possible. But when you get promoted, there is a whole new factor to consider. Before now you were being lead, now its your time to LEAD. And you need to understand that at times you would require to delegate and let your team achieve their goals themselves, and at times you need to be paternal and let things be done the way you want, though always remember, that you have to achieve your goals, effervescently and effectively

Good bosses strike a careful balance between telling people what to do and empowering them to do things on their own. Struggling with this balancing act is common, especially for new managers. Here are three ways to let others take ownership, while giving them what they need:

  1. Make goals clear. Your job is to make sure the team understands its objectives. But, leave it up to team members to decide how to achieve those goals.
  2. Share leadership. Identify informal leaders among the group who can take on roles such as heading up ad hoc task forces and arranging off-site meetings.
  3. Ask for solutions, not problems. When your team members encounter an obstacle, ask them to come to you to explain the problem and present a proposed solution. Encourage them to problem solve before asking for your perspective.

Libyan Unrest - The deadly Civil War

Muammar Gaddafi
We all are hearing reports regarding the Egyptian and Tunisian led revolutoins, but whats more suprising is that Libya is no Egypt or Bahrain. Rulled by Muammar Gaddafi for over 41 years now, Libya has been a colloidal power of Italy, and had close ties and corporative agreements with them. Many of the Libyan state organizations and companies hold stakes in Italian Banks and Defence companies.

As reproted by Bloomberg The Libyan Investment Authority owned 2 percent of Finmeccanica SpA, Italy’s biggest defense company, as of Jan. 17, 2011, Italy’s market regulator Consob said on its website. Libya also owns 7.5 percent of Juventus soccer club.

Not just that, world's biggest oil and gas exploration company extracts more than 245,000 barrels a day of oil in Libya. Thus this oil led infusion has led to Libyan investments in Italy to become one of the biggest foreign investors in Italy. Libyan investors own 7.2 percent of UniCredit SpA, Italy’s biggest bank, including a 4 percent stake held by Libya’s central bank.

But all this is started to change due to the ongoing political clashes between the freeman and the government. A civil was as called by Gaddafi's son Seif al-Islam who also said that "his father would "fight until the last man, the last woman, the last bullet."

Monday, February 21, 2011

Japan's Economy gains Momentum

In parts of the world, apart from the Arab world where there is a wave of revolution passing by, countries like Japan have other issues to tackle. Since the disastrous Mortgage led Credit crisis in 2007, Japan has had a tough time like many of its G20 counterparts. Things have been quite bad for world's second largest economy, that had seen recession and took measures to tackle it.

Japan's Finance MinisterYoshihiko Noda
And as reported from TOKYO today, things have stated to look good now for the country. It has been learned that Japan's cabinet has upgraded the countries outlook and this is for the second consecutive month that this has happened. Out led exports have increased and the economy is performing, although high inflation may persist to follow the trail to recovery, due to high oil and food prices and increasing global tensions related to the Arab world led revolution.


Management Tip of the Day
Necessity is the mother of invention. When times or resources are tight, people usually figure out how to make due: they create work-arounds, devise new ways of operating, and make better use of limited assets. If you're looking for a creative solution or an innovative new product, remember that creative problem-solving is the inevitable result of working with constraints. Try deliberately imposing scarcity on a process. Trade in "blue sky" thinking for "closed world" techniques. Limit time, money, options, or other resources. Or, you can capitalize on the external constraints that the economy presents.
I won't agree with HBR's tip completely but yes, at time we all do need limited resources to think something spectacular. Probably for the Pakistani's there is an energy crisis from 2003, no better way has been proposed as yet. I heard that wind farms would be established, but HEY Ministers, we all know you have our tax money to waste on as many projects as you want. Try thinking on Solar and Hybrid, and use some of your coal, rather than thinking on how you can make cash from undervalued reserve valuations, try thinking on how to address the most probable issues, else i guess this $500 billion GDP will be not more then $50 billion in some time. 

Saturday, February 19, 2011

Uprising in BAHRAIN

Revolution is the order of this month i suppose, as Tunisia led voices are now being echoed across the middle east. Egypt last week proved that the voices of the crowd can make a difference no matter how old a regime is.

teargas being used to scatter the protesters
Bahrain, which i would refer to as in my interests as the venue for the opening round of 2011 Formula 1 season is under political frenzy, as the protesters have raised their voices. At least five people have died in the recent unrest, with dozens more injured. The opposition has so far rejected talks with the government, ruled by the Khalifa royal family,until "tanks are off the streets."

Although the protest movement in Bahrain is fueled by economic and political concerns, the breakdown of power runs along sectarian lines. The country's Shia majority complains of discrimination and abuse at the hands of the Sunni-dominated government.

5 Reasons Investors Are Going Crazy For Farmland

I wish that there would have been better ways to get the reality out of Facebook's Farmville, so that everyone would have had dollars in their pockets to give their neighborer some cat and vegetables for free. Anyhow, back to the reality on why investors are getting in cash available to the farmlands

NUMBER 1: Food Prices are Rising
Food inflation leads to core inflation which reflects the rising demand for food and soft commodities like corn, wheat and rice. Sovereigns are rushing to buy land and farmland is becoming increasingly scarce. Recently, a US based fund, Hancock Agricultural Investment Group, snapped up 1,100 acres of land in Quebec, Canada and has plans to seek more properties

NUMBER 2: Inflation is Red Hot
Farmland is "earthen gold" because there is a limited supply of it and if there is any increase in demand, there is a translated increase in food prices and thus, inflation. Globally, the value of farmland has appreciated 2% higher than inflation since the 1950s.

NUMBER 3: Farmland has stable returns
Properly managed farmland is a source of steady income generated by leasing the land to a local farmer to grow crops; the market for productive farmland to lease is very competitive. Since cash rents are generally paid before the growing season begins, this makes the revenue stream from farmland very secure. If for any reason the leasing operator cannot make the rent payment, it is easy to find a replacement tenant.

NUMBER 4: Farmland offers portfolio diversification Developed markets are a better fit for investors concerned solely with wealth preservation even though values are higher, reflecting the sophistication of the agricultural industry. These include Western Europe, USA, Canada, Australia and New Zealand.

NUMBER 5: Tax breaks for buying farmland
In the U.K. income off farmland investment benefits from tax planning advantages if you've lived on the land for two years. Property owners also benefit from a business relief for 5 years if their farmland makes a loss. The U.S. and Canada offer tax incentives as well.

Copyright © 2011 Business Insider, Inc, and Agrinuity LLC.

UPDATE - IBM to sell stake in Lenovo

The Bizz: UPDATE - Lenovo Q3 Net Profits UpBeat - Gains Market Share

IBM bought around 15% stake in Lenovo in mid 2005 to close its deal that was worth $1.25billion. It had also from that point tried in to sell that stake steadily, by now it had only less than 5% stake left, which is now being sold for around USD$264 million, being exactly 435.7 million shares in total

Citigroup inc is managing this transaction. The price range represents a discount of 3.5% to 4.1% to Lenovo's closing price Friday of HK$4.88. Lenovo's Hong Kong-listed shares have risen about 8% since the start of February, outperforming the broader market's 0.6% rise, making it an opportune time for IBM to sell its stake. The latest share sale came after private-equity firms TPG Inc., Newbridge Capital and General Atlantic LLC sold more than 280 million shares in Lenovo in November. TPG Capital, Newbridge Capital and General Atlantic invested a total of $350 million in Lenovo in 2005 to support its acquisition of IBM's PC business. TPG invested $200 million, Newbridge, now part of TPG, contributed $50 million, and General Atlantic put in $100 million as read on Bloomberg
Lenovo LePad and Ideapad

Lenovo just announced net profits worth $100 million on thursday, making it the fourth alrgest pc maker by shipments after HP, Acer and Dell. The profits were up 25% .

Lenovo is also going to rollout UI IdeaPad and LePad in India within a year, Lenovo India managing director Amar Babu said.

UI IdeaPad is a laptop with detachable touch screen that functions as a standalone Linux tablet. It debuted in China a year ago. LePad is an Android-based slate that is expected to be launched in China by March.

Lenovo, however, has no immediate plans to launch LePhone, the Android-based smart phone that comes with an innovative swirl keyboard.

These awesome gadgets would let me think shifting from Toshiba to Lenovo, can't  handle all this at once. Simply Great

Mr. Fred Bergsten On China and its Currency

I know that many people wont hang on this blog to read such a lengthy interview, but i ll still ask many economists and other students of economics and Business to read it, on how the Chinese currency is affecting the US and the overall basket of currencies that trade in or out with it. Mr Bergston makes it simple to understand why its better for China to adjust their currency on nominal rate, the sooner they act the better for the hyper inflated currency. I saw this interview on the wall street journal Blogs, by Micheal Casey. You can read the full interview on WSJ's web. I hope you would like this interview. Be easy and comfortable and enjoy the wisdom

The widely quoted and influential director of the Peterson Institute for International Economics in Washington, Fred Bergsten has until recently been one of the most prominent critics of China’s policy of intervening in foreign exchange markets to weaken its currency. Now he thinks progress is finally being made to resolve this acrimonious dispute between the U.S. and China. In an article he wrote for the Institute’s website last week, he said that a “breakthrough” appeared to have been made because of a combination of Chinese inflation and the gradual appreciation in the yuan’s nominal exchange rate to the dollar since mid-2010, which is putting the inflation-adjusted exchange rate on track to achieve a needed correction of 20 to 30% over the next two to three years.

Friday, February 18, 2011

UPDATE: Nokia can customize Windows Phone


I Still Stick to my post that this partnership will be either decisive or a failure. But as always i am optimistic on new developments thar coming in.

First of these is that Nokia can now be able to customize the windows Phone Software, by updating the surface that are quick updates and wont cause any much delays while the windows phone itself updates and Deep-running customizations that will be integrated into the OS by Microsoft and made available to both Nokia and any other competing manufacturer

So now there is a definite green signal on how this partnership works. Elop also said that the final agreement and deal points would be available in coming months.

Elop also bought 150,000 Nokia shares today and sold his Microsoft shares, which has already pushed Nokia shares up 0.7 percent to 6.76 euros.

Elop also said that this partnership will bring down windows phone prices, making it accessible to a wide range of consumers, who would be able to use the phone for both business and pleasure, and this would be a better product, that could differentiate in terms of the overall user experience in contrast to what apple and android are offering. Elop said one of the key topics in the talks on doing a deal with Microsoft was convincing Nokia that it could reach "a very low price point. We have become convinced that we can do that very quickly," Chief Executive Stephen Elop said in a meeting with Finnish business journalists.

So the stakes are high on this one now, and we all are eagerly waiting for the first device to later this year or earlier next year 2012


Management Tip of the Day

After working to our best, we think that its time for us to get a raise or a Promotion. Its like going a level up or getting a more challenging work. But as far as the viewpoint of a manager or senior officials go, there are certain levels to think on before he promotes you. The Idea being that you can do your present job superbly, but what if you fall or make a mistake up. Although mistakes are bound to happen at a stage, but it can be thought of when strategic decisions are to be made. Following tip goes on for Managers on when to promote.

BRAZIL'S Economy Decelerates

Brazil, part of the BRIC economies according to Goldman Sachs Mr O'Neil, is also part is the economies that facing the risk of high inflation and food prices. there is a small footnote in the end of this post, telling what the BRIC economies are.

Guido Mantega Brazil s Finance Minister
So as per Brazilian Finance Minister Guido Mantega, Brazil's economy has been decelrating due to high inflation from 7.5% GDP growth alst year to 4.5% - 5% this year. Mantega said Brazil's government was practicing counter-cyclical economic policy, and could help significantly cut excess demand with recently announced budget cuts and would cut spendings upto $50billion, in order to curtail inflation. Brazil's central bank in January raised the country's reference Selic interest rate by half a percentage point to 11.25% annually. Recent central bank market surveys, the rate is seen rising to as high as 12.50% by the end of the year as part of the country's inflation control efforts.

Brazil's IPCA consumer price index, the country's main measure of inflation, accelerated 5.99% in the 12-months through January, well above the 4.5% center-point of Brazil's official annual inflation target.

Brazil is world's eighth larges economy by GDP and seventh largest by purchasing power in the world and also part of the G20 and G8 member nations that symbolize the biggest economies in the world

BRIC ECONOMIES: An acronym for the economies of Brazil, Russia, India and China combined. The general consensus is that the term was first prominently used in a Goldman Sachs report from 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.

FACEBOOK, adds something new to the RELATIONSHIP STATUS

Facebook added two new relationship status options Thursday:

"in a civil union" 
"in a domestic partnership." 

The social networking site's repertoire of relationship statuses already includes "single," "married" and "in a relationship," among others. 

The news was originally reported in a Huffington Post article, which said that the change was made at the recommendation of Facebook's Network of Support, a coalition that the social network created with gay and lesbian advocacy groups to encourage tolerance and combat harassment. At the time, the tragic stories of several gay teenagers who had been "cyberbullied" to the point of suicide were making headlines.

"This has been a highly requested feature from users," a Facebook representative said in an e-mail to CNET. "We want to provide options for people to genuinely and authentically reflect their relationships on Facebook."

These updates are being given to handful of countries at this stage, including US, Canada, UK, France and Australia.

I think this is a more relevant way for Facebok to integrate and engage with its users, as civil and domestic aprtnerships do fall in the notion of the societies the features have been introduced to, but again FB should focus try not rolling out this update to all the users, as this can be a religious provocation for many countries FB operaties in

DERIVATIVES and a Standard Platform - Report by (IOSCO)

The collpae of Lehman Brothers in 2008 was one of the biggest bankrupcies in the history, and had rippling effects in the whole world. One of the major issue at that time and now is that there is no single standardized platform to trade these over-the-counter transactions. The parties in this trade agree on the terms and modes of payments to be done.

This has been a concern for many countries, where such derivatives trading has made an alarming situation, and where there is uncertainty over whether the contracts are liquid enough to be transacted at the given time.

But now there is a need for a platrom, by which the transparency, audit trails and parties can be identified. The world leaders gave this task to The International Organization of Securities Commissions (IOSCO).

Hans Hoogervorst, chairman of IOSCO's technical committee, said in a report on Friday that platform trading of derivatives would boost competition, transparency and supervision - as long as the conditions were not too narrow so that a wider range of contracts can be captured. You can see the IOSCO's media release here


I simply don't know, why i am posting so much about this Nokia and Microsoft partnership. I have been loyal to Nokia since i bought a Nokia 2100, i always loved that phone, before i saved money to buy a Nokia 6300. It was very bulky and heavy at that time for a guy like me, it gave me exclusivity from others, known as "MUTKA" in our language as i pronounce, meaning a large water resorvior, made of mud. its the shape that made it better with that awesome symbian capability, an awesome phonebook, and hte best messaging capabilities, that pencil key and that symbian menu key. It was simply EXCLUSIVE. that could do anything.

Then i bought a Nokia 5800 Expressmusic, iWhen i stand up against others am using now as well, its one of Nokia's best smartphone glory in touchscreen. All future midranged symbains follow the design. I dont mind a symbian, what i mind here is the way symbian was developed

Thursday, February 17, 2011


Honda Fit
We saw Toyota hit by a frenzy of recalls due to accelerator pedals and other issues, now Honda recalls its Fit, Freed and City Models. Over 700,000 models in Asia and North America will be recalled due a problem with a spring, that can make the engine stall. Around 72 complaints have been received as yet.

The recall includes 167,000 vehicles in Japan, 156,000 in China, and 233,000 in the rest of Asia, Honda said. About 122,000 cars were being recalled in North America it added. more than 100,000 cars from US and 15,000 Fit cars from Canada are being recalled.

The spring was placed improperly in a small box inside the engine, so that, in some cases, the problem could cause the engine to stall, Okada said. No accidents or injuries have been reported as yet.

And this doesn't stops here. Around 1.35 million Fit cars over a headlight defect were recalled by the car manufacturer two months back. 

INNOVATION through a common language

Management Tip of the Day

In order to be the best, you need to take a leap forward from the rest and win the test. Finally you become the best. So now you want to think on Innovation, and common language. Why there should be a simple way of communication rather than different words, which are called jargons in the CORPORATE WORLD.

"In most organizations, functional groups use their own languages with specific terms to talk about the work they do. If you bring people from different parts of the organization together to innovate, it's possible this jargon will get in the way. Help them understand when they are saying the same thing. A finance person may use the phrase "financial modeling," while a design person says "rapid prototyping." They are both talking about necessary tasks that are part of exploring opportunities. Challenge them to build a common language and to use terms that resonate with everyone on the team."

UPDATE IRAN Warships Withdraw

The Bizz: IRAN Warships can Erupt the Suez Canal\

There has been reports that the two vessels Alvand, a frigate, and Kharq, a supply ship, that were passing through the Suez canal, have withdrawn their request.

As i read through the Washington post A senior Suez Canal official says two Iranian warships have withdrawn their application to transit the waterway following expressions of concern by Israel`over the plans.

The official said no reason was given for Thursday's decision to withdraw the application. The official, who spoke on condition of anonymity because he was not authorized to speak to the media, also said it was not known if the vessels intended to transit the waterway at a later date.

I am not an authority at politics but i can surely make a guess that this would have had consequences, as Iran's vessels were crossing this path after 30 years. And in the light of the followings of Egypt's Political distress, this would have affected the Middle Eastern Diplomacy. Israel is already looking Iran as a clear threat on its sovereignty and is trying to involve US to look into this. Israel needed the International community to look into this matter that would had resulted in a clash between the two nations

UPDATE - Lenovo Q3 Net Profits UpBeat - Gains Market Share

We all know that that Lenovo creates creates these great ThinkPads, with awesome productivity and functionality. Lenovo also creates and builds exceptionally engineered personal technology, but they are much more than a tech company. They are defining a new way of doing things as a next generation global company. That means they are years ahead of the game in terms of understanding what it will take to win 5, 10 years from now. You can also view the result Presentations Here


IRAN Warships can Erupt the Suez Canal

Iranian, Navy warships that are as said heading to their destination to Syria, are going to cross the Suez canal this morning. they were to pass by Wednesday night. But Israel's Navy has been on HIGH ALERT and they are ready to counter any contingencies, that may follow.

Wednesday, February 16, 2011

UK's Inflation Report and Unemployement

As per reports today, Bank of England's Governor Mervyn King just announced the inflation report of UK.  You can view the Report and Presentations here as well

As per the report, the CPI inflation rate may be around 4% - 5% by 2012, before easing and coming back to the 2% mark. King said that its not certain on when this rate may decrease, “depend on the evolution of global prices, on the degree to which inflation expectations rise following a sustained period of elevated inflation and on how much businesses seek to restore profit margins.”

3 Ways to Deal with a Passive-Aggressive Colleague

Management Tip of the Day

When we are part of a team and we all are on the same page, regarding the type of actions or procedures to follow, it becomes very frustrating when we come to know that or we see that, one of our colleagues takes a different approach suddenly and, is no more part of the action plan. these things affect the ultimate goal and the results we want to achieve. It can be a good thing, as if he might know something which is better and wants to do it all alone, but it can be agonizing and unprofessional at time. The following tips can be used to deal with such passively-aggressive colleagues. 

Tuesday, February 15, 2011


The Bizz: Tweet the New Boss

Twitter CEO, Dick Costolo
So do we know Mr Dick Costolo.

Dick Costolo, joined twitter as Chief Operaitng Officer in September 2009, and was the man behind the so called Promoted Tweets. Dick Costolo joined Twitter after selling his own internet company FeedBurner to Google in 2007. He has replaced Evan Willaims, the second CEO and co-founder of Twitter

Today in Barcelona, Mr Costolo said Twitter as not in talks with Google Regarding any mergers or deals or any takeovers. He laughed off questions about tie-ups with Facebook and Google, saying he didn't know "where such talk came from". There has been news that Google made an offer of as much as US$10bn for Twitter

Say Thank You, Even for Routine Things


Management Tip of the Day
When someone says thank you to you for little things that you do, the things that give a moral booster in times of need and in times of joy. Its always nice to get appreciated and be part of a team that stand together at every times.  When stock markets are not performing, or the results are not good, when the EPS is down or the Profits don't match the expectations, some efforts show up a positive sign for future and days to come.


Barclays posted profits of £6.07bn for the full year 2010. which is a rise of almost a third on the £4.59bn profit the bank made in 2009. You can also view the Barclays result presentation here

"I am proud of what we achieved in 2010, especially our profit growth and enhanced capital and liquidity positions," said Barclays chief executive Bob Diamond.

Total group revenues came in at £31.44bn. Pay, pensions and bonuses per head for the 24,800 bankers working at Barcap was about £236,000, up from £196,000 in 2009, said the BBC's business editor Robert Peston.

Net income for 2010 fell to 3.56 billion pounds ($5.7 billion), the London-based lender said in a statement today. Analysts had estimated profit would drop to 3.2 billion pounds, according to the median estimate of 13 surveyed by Bloomberg, after a one-time gain from the sale of its asset management unit boosted profit to 9.39 billion pounds the previous year. Writedowns dropped 30 percent to 5.67 billion pounds in 2010.

"We continue to see good impairment trends across the group and are cautiously optimistic that we will see further improvement in 2011,” Finance Director Chris Lucas said in the statement. “The group is embarking on a program to reduce its underlying cost base.”

According to Bloomberg Barclays fell 0.1 percent to 310.75 pence in London trading yesterday. The stock has gained 19 percent this year, making it the best-performer of Britain’s five biggest banks.

Barclays reaped 6.33 billion pounds from the sale of its Barclays Global Investors asset management unit in December 2009. Group pretax profit in 2010, excluding asset sales, rose 32 percent to 6.07 billion pounds.

You can see the whole Barclays presentation and results here


The HTC Salsa (left) and the HTC ChaCha (right)
When is the last time you used Facebook on your mobile, i guess you would be looking at The Bizz update on your phone via the Facebook Application. I have seen keys that have I for internet, Envelop for email and a hash n a musical cord that show the way to silent profiles. Now you'll get a key named F that will take you to a new Facebook experience. Yes, HTC is going to announce two new Facebook Phones, that are going to offer tremendous and unparalleled social networking experience like never before.

CHINA has Inflation Low but Risk High

Before going forward with the low inflation but high risk, i want to tell that China has overtaken the Japanese Economy as the second-Largest economy in the world. China has also increased their lending rates for second time in past six weeks, in order to tighten the overall inflation risks and housing bubble news.

There are so many factors that are being involved in assessing the Chinese economy that we can't leave every other measure behind, such as the increase in food prices, the strikes in southern china last year that led to wage hikes, the housing prices that have been increasing sharply, banks have been asked to lend less and were asked to increase their reserves twice.

The inflation rates reported by the central bank was around 4.9%, which is higher than their forecasts, but is low than the 5.3%, that was being expected by many analysts. But its very early to call on anything as yet, knowing that Beijing has also hasn't increased their rates and are still struggling to bring the prices down.

The main measure was part of the housing price measures that have increased over the times.

Economic Outlook raised by Japan

BOJ Gov. Masaaki Shirakawa
After a spam of nine months, The Bank of Japan, raised the economic outlook, but still didn/t changed the interest rates which are still near 0%. 

"Japan's economy is gradually emerging from the current deceleration phase," the central bank said in a statement released together with the rate decision. "Japan's exports and production are showing signs of resuming an uptrend."

BOJ Gov. Masaaki Shirakawa said last week the economic improvement "seems to have paused from the fall of 2010, but recent data suggest that Japan's economy looks like it is about to emerge from that pause." Data have shown recent improvements in exports and industrial production.

Credit Agricole chief Japan economist Susumu Kato said that they expect a growth of around 1.5% in fiscal 2011, which may allow the central bank to raise interest rates and tighten the monetary policy. "The economy does appear to be picking up this year, but it remains very hard to see for the foreseeable future how price rises could reach the 1% that would trigger any BOJ tightening," said Takeshi Minami, chief economist at Norinchukin Research Institute.

There4 are signs of recovery coming from the US, as their consumer confidence is growing. 2011 might turn as the revival of economies and tightening of monetary policy in many parts of the world

Monday, February 14, 2011

BAD News and BOSS

Management Tip of the Day

I wonder when i tel my boss that we have suffered a loss again, he would say "Do One Thing, Get Out Please and don/t return". This is a situation, or one of the situations that is being faced by many employees and executives in their daily routines and workflows. So Try using the four steps provided to at least try making that News acceptable.

  • Describe. Provide a general overview of the problem, and explain the impact. Be sure to position this in terms of what matters to your manager.
  • Identify a solution. Recommend a specific solution or approach, along with alternatives.
  • Analyze your solution. Share the pros and cons and explain the implications. Be prepared to discuss the risks or barriers that may be of concern to your boss.
  • Accept responsibility. Let your manager know that you are willing to take the responsibility for the outcome of your proposed approach
Today's Management Tip was adapted from the Harvard ManageMentor Online Module, "Managing Upward."

Obama seeks to cut defict by US$1.1T

U.S. President Barack Obama’s proposed budget for fiscal 2012 will seek to cut the record federal deficit by US$1.1-trillion over the next 10 years, White House budget director Jack Lew said on Sunday.

Mr. Lew, speaking on CNN, said the president was also on track to halve the budget deficit by the end of his first term in office, which goes through 2012.
Mr. Obama is set to present his budget to Congress on Monday. He intends to get two-thirds of the savings from spending cuts and one-third from tax revenues, including by closing several tax loopholes, according to sources familiar with the budget.

A Democratic aide said the budget would reduce Pentagon spending by US$78-billion over five years.
Pentagon cuts would include the C-17 aircraft, the alternate engine to the Joint Strike Fighter and the Marine Expeditionary Vehicle that the Defense Department says it doesn’t need.

The US$1.1-trillion in savings over the next decade is more than double the US$400-billion that Mr. Obama outlined in his State of the Union address last month as part of a proposed a five-year spending freeze on non-discretionary domestic spending.

Mr. Obama, a Democrat, and Republicans in Congress have clashed over how far to go with spending cuts to trim the deficit. Mr. Obama argues that some spending increases are necessary to make the U.S. economy more competitive. Republicans are pushing for deeper cuts and oppose any tax hikes.
Republican congressional leaders said Mr. Obama’s budget proposals did not go far enough to rein in spending and reduce the deficit.

“He’s going to present a budget tomorrow that will continue to destroy jobs by spending too much, borrowing too much and taxing too much,” House of Representatives Speaker John Boehner said on NBC’s
“Meet the Press.”

© Thomson Reuters 2011

Saturday, February 12, 2011

Nokia WinMo 7 Prototype spotted

The Bizz: Nokia And Microsoft a "Broad Strategic Partnership"

It was just yesterday that we heard that Nokia is going to work with Microsoft to make the best mobile phone experience for developers and consumers, and today the guys at Engadget have just spotted a new Nokia phone working on Windows Phone 7 operating system.

But it has also been heard that this news is fake and there hasn't been any news or updates from the Nokia officials as yet. But something is on, and we will see this all Tomorrow as WMC 2011 kicks start and the world of technology is unveiled. So far no hardware specifications have come forward, but we can expect an AMOLED or Clear Black Technology of Nokia, 720p video recording, 1GHz processor, graphics accelerators and a 8MP Fixed Focus Camera. I am saying fixed focus as Nokia has spent some time making us all understand this fixed focus technology

If you want to hear my opinion, TRUST ME, this is going to be one hell of an ecosystem for Nokia, you get Mobility, true On-line Enterprise Experience. I can't say what you think, so you can POLL on this partnership, but i am optimistic and would like to hold a Nokia WinMo 7 Phone soon.

Social Networking and Office

Management Tip of the Day

Many Comapnies dont allow the use of social networking plugins and programs in their workspaces, because they think that a full days use of Facebook or other social networking sites, would hinder productivity and would divert their workforce.

But they should instead, try providing social applications that enable getting work done. For example, implement a chat feature within a sales tracking application that allows people to converse about the likelihood of a sale. Or, provide a discussion board in a task management system to help employees more effectively complete their tasks. Even a cleint and customer interation page and continous interaction with the customers can bring in new ideas to work upon for future.

"Combine the best of social and structured applications to get work done faster and more effectively."

Today's management tip was adapted from "Want Value From Social? Add Structure" by Tom Davenport.

VIDEO : Cairo Rejoices

The Bizz: EGYPT - a revolution for all

SO after the departure of Mr Mubarak and end of his reign, the happiness of the Egyptians and a dawn of a new era has to be seen. CNN Reports

RGST and Pakistan's Funds

Pakistan is under pressure from the International Monetary Fund (IMF), on the inclusion and implementations of RGST reforms, that are a base to widen the tax base in Pakistan.

Pakistan's economy is already under inflationary and growth pressure, with the reforms of RGST, many think that the poverty levels would increase drastically. The IMF misison that visited Isalmaabd is closely monitoring the overall developments in RGST reforms by March 2011. “If the government takes a prompt action, it could pave the way for reviving the derailed $11.3 billion programme and Islamabad would be able to draw the last two tranches of $3.4 billion till September 2011 under the ongoing Standby Arrangement (SBA) programme,” the officials said.

The fund needs the federal government to abolish POL and electric subsidies, raise the level of excise duty and other income generating measures to strengthen the economic base of the country. Pakistan;s Government has been in talks with the fund, in order to ease pressure on RGST, by telling them they have been working on the other public sector revenue generating areas, and they want IMF to continue the flood hit economy.

But still the point of interest is that the government needs to mobilize all resources that can be taken into consideration, and stop the overall misuse of the economic cash and their assets, which is very UNLIKELY TO HAPPEN IN PRESENT GOVERNMENT. though we do expect a 3% GDP growth this year as a so called positive sign of economic revivial

EGYPT - a revolution for all

Egypt has always fascinated every human mind, from the Pyramids to The Valley of the Kings, its all in their, rich culture, tremendous trade potential and superb tourist spots. But today we aren/t going to tell how good Alexandria is, nor how bad the scorching heat in those deserts is. From past week or two, a new history was being formulated, the passion and courage of the crowd, or the masses was coming forward. Theoretically, it was time to embrace and see history being made.

If you are thinking that Mr Hosni Mubarak, who came into power in 1981 after the assassination of Sadat, was under presumer in 2003 as well. Kefaya, an Arabic word for "enough", emerged in 2004, as a popular anti-war movement against the US led war in Iraq. it was one of the most popular protests and in turn developed into the first public demonstrations against President Mubarak since he had taken office in 1981. This resulted in key constitutional amendments and reshuffling of the Egyptian cabinet

Friday, February 11, 2011

Do You Know How to ask for a Favor?

Management Tip of the Day
"Can You please do me a favor. Can You please hold this for me, the image says GRUDGE. IN 2004 a film directed by Takashi ShimizuAn American nurse living and working in Tokyo is exposed to a mysterious supernatural curse, one that locks a person in a powerful rage before claiming their life and spreading to another victim."

Here goes today's Management tip of the day, on 3 ways How to ask for Favors

Whether they are holding a door open or introducing you to a potential client, everyone offers favors at different times in life. But, asking someone for a big favor can be daunting. Next time you need someone's help, try following these three steps

  • Set the stage. Be explicit about the nature of your request. The phrase, "I have a favor to ask," implies a contract in which you will someday try to return the favor.
  • Explain the reason. People like to know why they are being asked to do something. Saying "Can you cover that meeting for me?" is far less effective than "Can you cover that meeting for me because I have another meeting I can't miss?"
  • Give an out. No one feels good about being forced to do something. Offer an escape route by saying. "If you can't, I understand," or "I know you're busy."
So Next time you want to ask for a favor, don't be shy, just go and ask, but there should be a valid reason for that.

Today's Management Tip was adapted from "Asking for a Favor: The Three Keys" by Jodi Glickman

The Bizz UPDATE: Nokia And Microsoft enter into a new PARTNERSHIP

The Bizz: Nokia And Microsoft enter into a new PARTNERSHIP

UPDATE: More News is pitching in and the ideas for the partnership to take on the Mobie war against Apple and Google is ON. Here is what Microsoft and their Press Relaease has to say
You can see the Press Conference as well

Additionally, Nokia and Microsoft plan to work together to integrate key assets and create completely new service offerings, while extending established products and services to new markets

Nokia And Microsoft a "Broad Strategic Partnership"

From a week now, everyone has been betting on what is Nokia going to do in order t get back the lost image to Andriod, the answers are coming in with Partnerships with Microsoft. The latest news that has come confirms that Nokia is going to enter into a "broad strategic partnership" with Microsoft.

Today, Friday the 11th Feb, 2011, Mr Stephen Elop just announced that Nokia is going to adopt the Windows Phone 7 as the main and primary smartphone Operating System to be used in Nokia's mobile phones. As part of a new strategic plan for the world's top mobile phone maker, which has been struggling against competition from Apple and Google's offerings. Mr Elop also said that there are going to be changed in the Executive Board of Nokia as well.

\Here is a Video for the official announcement made

Thursday, February 10, 2011

Nokia and Microsoft Partnership

Its not coming as a surprise that tomorrow Stephen Elop is going to state to his investors a new strategy in order to enhance the software of Nokia's high end deviser. As to be heard, Nokia, want to have a differentiating factor in order to take the market share lost to Android and Apple.

In a news update, The Telegraph has just said that according to a tweet from a senior Google Executive, Nokia might be inching closer to a partnership with Windows Mobile 7, Microsoft's flagship Software that powers its next generation of smartphones.

Gundotra, the search giant’s vice president of engineering, said that “Two turkeys do not make an eagle”. Nokia had been rumoured to be considering beginning to use either Google’s own Android operating system or Microsoft’s, but Gundotra’s tweet appears to suggest that Android has not been selected.

Nokia's Symbian Operating system will be still used as a midrange mobile support system, powering the other touchscreen devices. Windows Mobile 7 and MEEGO, will be an interesting prospect for Nokia for their high end devices.

As research reports have claimed, Nokia lost Market share in smartphones to Android, leaving it to 31% global access, although Nokia topped the smartphone sales.

Rely on Others to Improve your Judgment

Reversing a decision that isn't working out can be a painful experience. Perhaps the product you launched isn't selling, or an ad campaign that you were behind is falling flat. Whatever the issue, accepting failure and changing direction can feel like a comment on your judgment. In these situations, call on others to help you evaluate and redirect. Ask people with a variety of perspectives — peers, direct reports, customers, family — to give you input on what went wrong and what to do now. The collective wisdom of this crowd can turn a bad situation into a winning one. Reversing a decision shouldn't be a reason for shame, but a badge of honor in that you lived and learned.

You can visit HBR for more insight and updates on latest issues and the Business world @

Crops at Mother Nature's mercy

To say Mother Nature has been unkind to the agricultural world is a bit of an understatement. A country known for its arid outback, Australia finally got out from a decade-long drought in the spring of 2010 only to run into a plague of locusts seemingly straight from the Bible.

Meanwhile, massive droughts across much of Russia during one of the hottest summers on record and far too much rain in the key crop-growing regions of western Canada forced grain bodies to slash their forecasts.
But as summer turned to fall and the harvest rolled around, prospects turned brighter.

“Turned out it was not quite as bad as everybody expected it was going to be. We were preparing for the worst with the problems in Russia, Australia and here, and fortunately, the rice crop in Asia was good,” Peter Hall, chief economist with Export Development Canada, said in an interview. “That would have been the straw that broke the camel’s back, and we’d be having a different conversation.”

Of course, weather is inherently unpredictable, but the problem is a bad crop year can create a cascade of problems in the following years, especially if a farm’s inventories were already low.

And this is where the agricultural world sits now — an industry at the mercy of Mother Nature, watching the skies nervously and hoping for the best.
“We can get through this crop year, but if we have another bad crop then, we will have a big problem on our hands,” he said. “At this point, we can only cross our fingers and hope we don’t have more of these weather-related incidents that compromise our supplies and inventories even more.”

Those hoping the new year would bring better luck have been wrong so far as the worst floods in decades have swept through Australia in recent weeks, leaving dozens dead and thousands homeless.

Keith Carpenter, agriculture analyst with Canaccord Genuity, noted in a crop update the country has already begun reducing its production estimates, although only modestly below recent U.S. Department of Agriculture estimates.

China Developers Move Beyond Shanghai, Beijing, Defy Curbs

Chinese developers are building more homes in cities across the nation away from the financial hub of Shanghai and the capital Beijing, which may be the hardest hit by government measures to curb property prices.

China Vanke Co., the country’s biggest developer by market value, said an expansion into central and western Chinese cities, including Wuhan and Chengdu, helped 2010 revenue exceed 100 billion yuan ($15 billion), a target it had set for 2014, while Evergrande Real Estate Group Ltd. counted on towns in the nation’s interior to boost sales.

Cheaper land and rising incomes in inland cities are luring developers as the government targets speculators, focused on Shanghai and Beijing, with stricter mortgage requirements and property taxes. Land investment in less affluent cities jumped 35.4 percent in the past year, according to data from China Real Estate Information Corp., which tracks 40 publicly traded developers.

“Absolutely policy is a driver of this, both because the policy’s footing in more developed cities is stricter and also because there is tremendous unmet demand for modern housing in these second-tier cities where incomes are rising quickly,” said Michael Klibaner, head of China research at Jones Lang LaSalle Inc. in Shanghai.
First-tier cities include wealthier Shanghai, Beijing and Guangzhou, in southern China, according to China’s National Bureau of Statistics. The second tier includes provincial capitals and the third includes smaller cities.

Billionaire Ambani's Wealth Eroded as `Panic' Starts Rout

Anil Ambani
Billionaire Anil Ambani blamed “vicious and illegal” trading for a one-day stock rout that wiped out $2.6 billion in the market value of his six publicly traded companies.

The plunge, led by a 19 percent drop in Reliance Infrastructure Ltd., dragged the benchmark Sensitive Index to a seven-month low yesterday. The group said “unscrupulous corporate rivals” spread rumors that led to “panicked” sales, according to an e-mailed statement.

It’s a familiar refrain for investors. Three weeks ago, Ambani criticized media reports based on unidentified sources and rumors in a press conference where he said he had agreed not to trade in shares for a year after an investigation by the stock market regulator. Since then, the combined value of his listed companies has plunged by 29 percent to $16.8 billion, Bloomberg records.

“Every time there’s a development there will be a media reporting and media scrutiny, which we welcome,” Ambani, 51, told reporters in Mumbai on Jan 16. “But most of it is based on rumors and sources and nothing is based on facts.”

Four phone calls made to Ambani’s office in Mumbai yesterday were unanswered and an e-mail elicited no response.

India’s stock market is the world’s worst performer after Egypt this year as a combination of corruption scandals, rising inflation and Asia’s most aggressive round of interest rate increases have dimmed investor appetite for Asia’s third-biggest economy. Ambani’s telecom and infrastructure companies have fallen the most among benchmark stocks this year.