Crude oil surged to record high of over 141 dollars due to increasing concerns on supply disruptions from Nigeria and even the Middle east countries. The OPEC chief had commented few days back that OPEC is already running close to full capacity and it will not be possible to increase supplies dramatically on short notice. He also opined that the prices are bound to hit 170 dollars shortly. That comment has added fire to the fuel shortage fire burning high already.
The Americans who were used to see Obama and Clinton firing each other for the last one year or so, had a sea change scenario this week. Both Barak Obama and Hillary Clinton were seen sharing the same platform and both were seen talking good about each other, and both were talking the same thing. Hillary Clinton praised Obama for his leadership qualities and requested her voters to vote for Obama and make him the next President of United States.
Close informal sources confirm that discussions are on between Citigroup and IBM for taking over of the Citigroup BPO operations in India. Over the last few years IBM has been aggressively expanding its India operations and this fits into overall IBM plans. From Citigroup perspective, it is in dire need of capital for which it is forced to sell all non banking core activities wherever possible. So it looks like a win-win game.
Crude oil today shot up to 140 dollars again on the back of comments by the OPEC president that the crude oil prices will go up to 170 dollars in the coming months due to the depreciating dollar and Euro and also due to the high demand for crude oil from across the globe. He said that crude prices may not reach 200 dollars in this year as feared by leading experts, since supplies will be jacked up anytime.
According to Goldman sachs review, the Citigroup is likely to face a write off of over eight billion dollars in second quarter and it may be forced to cut its dividend also. Also the bank might be forced to sell part of its assets, or issue fresh common shares since the regulators may not allow it to issue preference shares. Similarly, Merrill lynch is expected to face over four billion write offs this quarter.
Barak Obama’s few of the top fund raisers have been adviced by Obama himself to help out Hillary Clinton to come out of the debts she has piledup due to the campaign spending. The fund raisers are expected to help Obama with funds upto ten million dollars. This is expected to bring the Clinton voters into Obama fold to some extent.
The central banker to the Indian Government, Reserve Bank of India , known as RBI has raised the lending rate to banks from 8.25% to 8.75%. Also it has raised the Cash reserve ratio, which is the ratio of deposits kept in cash by banks with the RBI, by 50 basis points. These measures are meant to put the brakes on the demand for various products, which is expected to lead to reduction in the economic growth rate.
Rocky point is an exotic and lengthy area on the sides of the beach in Mexico covering Santa Clara, En gulfo, Cholla bay, Puerto Penasco, Desemboque, Kino bay, Caborca and Puerto lobos. Oceano rentals specializes in getting the best of rentals and outright property purchases in the entire Rocky point region. You get best Mexico beach rentals apartments where you can stay in a homely style and enjoy the natural beauty of the sea beach next to you. This will be much cheaper and more enjoyable than staying in a star hotel, but provides you all the comforts. Their website www.oceano-rentals.com is absolutely user friendly and provides you very important and useful clarifications with respect to property purchasing / rentals / visits by US or Canada citizens to Rocky point and their return, Mexico laws on buying of property by foreigners ,registration issues and related cost elements o be taken care by the buyer / seller etc. Their website lists a whole gamut of properties on rent and also on outright sale across US and also Rocky point. The website also provides you with wonderful opportunities for buying out land in these areas for construction of your dream home at a later date. Their legal and financial expert will be able to guide you on deciding on the right kind of property for you for both renting or outright buying. So the next time you are planning for a exotic vacation or anniversary celebrations, it will be better to have it in Rocky point given its scenic beauty in terms of sunsets, beach points etc.
Citi group which has been in doll drums due to the mortgage credit crisis for the last one year has been sacking people mercilessly across the globe every month almost. Yesterday it has announced that it is likely to send another 6500 people this week with pink slips. This will be in addition to the 9000 people it has sent out till last month. The latest list includes nearly dozens of senior managing directors and most of them are part of the investment banking group.
Today any business can be efficient and profitable only with excellent software support. You need the best of softwares for handling your inventory, finance, manufacturing, procurement, business intelligence etc. www.ibs.net is a reputed software service provider in all these areas and their Distribution software looks to be a robust one.
Distribution software is the backbone for any company to ensure smooth and cost effective operations. The software is robust in terms of general functions like serial number and lot handling, multiple warehouse handling, EDI support, item cross reference, direct purchase and work order creation etc. Also the software is capable of delivering the following in terms of sales functions : Sales order tracking, sales order priority, flexible and advanced pricing, lost sales data, cash sales, customer credit control, commission handling,smart order entry, shipment preparation, proof of delivery,quotation, vendor managed inventory etc.
The software also helps you with lot of important related reports like inventory evaluation, stock analysis, inventory adjustments, internal replenishment etc. which will help you in taking the best online corrections in your inventory and business policies with the help of this software. For example, with the report showing the inventory of a particular high value item to be always on the higher side, the management can review the situation and take a call on reductions in the inventory level in that item without affecting its operations, which can result in substantial inventory carrying cost savings for the company.
Their Warehouse distribution software will be very helpful for those companies which need to have critical relationship and tracking with their various vendors. The activities covered include Purchase requisition, purchase suggestion, delivery schedule, invoice / order matching, quality assurance support, vendor evaluation.
Apart from selling the supply chain management software product to manufacturing and distribution companies, they also provide related software services on a regular basis.
