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Shaw Capital Management Factoring News: Japan Bans Mitsubishi from Contract Bids

March 23, 2012 | Author Shaw Capital management Factoring and Financing

Mitsubishi Corp. subsidiaries have been given suspension by the Japanese government in the wake of overcharging issues.
The contract bidding suspension came after the Ministry of Defense became alert that Mitsubishi has overcharged various government agencies in their cost of expenses.
Further details about the incident were not publicized and the company is still assessing the potential impact this ban will have on their company and their affiliates.
Mitsubishi Electric Corp has announced that their business subsidiaries and an affiliate company have all got a notice this week from the Ministry of Defense of Japan. The notice states their suspension from participating in government biddings.
After it was revealed on January that Mitsubishi has overcharged the ministry along with the JAXA (Japan Aerospace Exploration Agency and the Cabinet Satellite Intelligence Center, subsidiaries of Taiyo Musen, an equity affiliate and Mitsubishi Electric (which includes Mitsubishi Space Software, TOKKI Systems Corporation and Mitsubishi Precision) the involved firms have informed the MOD about the overcharges only today.
Through internal investigation, it was discovered that they have also charged more for the ministry by altering records of work across various orders.
The impact of this incident on Mitsubishi’s consolidated market performance still remains uncertain but the firm plans to announce what the public should be alert of as soon as the condition is understood better.

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Shaw Capital Management News: It’s Entirely Greek Economic Business

November 17, 2011 | Author Shaw Capital Management Factoring and Financings

Let’s begin with one thing evident: Greece is actually insolvent. This implies that it can no longer be economically competent at settling its financial obligations. Insolvency generally happens in 1 of 2 possibilities: you might be either not capable of repaying your financial obligations as it is due or you possess net negative assets, which means the obligations surpass the assets. The first kind holds true with regards to the Hellenic Republic, in which the government virtually no longer delivers the economic capacity to settle its numerous debts.
There are numerous causes of this based from Shaw Capital Management: the first is the point that previously, the government has provided employment like people were handing out candies. Consequently there are several needless employments within the government that many individuals don’t actually worry turning up to work any longer. They can, nonetheless, profit from their occupation in which they obtain a government wage as well as benefits without needing to endure the trouble of actually performing a responsible day’s job. Considering that the government can’t attempt to slice one day work, the plumbing is still a concern – with plenty of green seepage, should you grab the drift.
One other reason why Greece has economic problems is due to the euro itself. In the event of its first implementation, the single European currency, the Greek government proceeded in a spending spree – similar to any shopping spree practice by Fifth Avenue socialites – and began shelling out outside of means, ultimately hitting a spot where investing on the public sector turned unbelievably too much.
Let’s go back to the most obvious for a moment. How can the government generate income? Tip: it’s the three-letter term we almost all hate. Everyone thought correctly, they create funds through collecting tax! To be able to take care of all expenditure as well as debts, any government like Greece’s requires a continuous stream of money from the inhabitants. As a result of persistent tax evasion, to the contrary, Greece noticed itself in a very extremely undesirable situation in the 2008 turmoil when it was hit full-force with the recession and was without a way to deal with.
Following a guaranteed considerable bailout through the EU – over €100 billion, approximately something like $140 billion Greece is actually coping to get through the disaster. The general perspective continues to be gloomy, nevertheless, with Greece most likely going through default on its debt. What can this imply for the remainder of all of us? The Greek delinquency indicates a refurbished financial meltdown, designed for the euro zone, where lots of nations including Germany and France own Greek sovereign financial debt. A great unchecked default might suggest the breakdown of numerous Greek and European banking institutions. It may further catalyze a fresh international recession, as much people might attempt to take out their assets through banks in unison, making the economic system to cease. A most detrimental probable consequence will be a complete financial failure of Greece because it is compelled to depart the euro – and perhaps the European Union – and return on the drachma, the euro’s Greek precursor. This Greek currency will be uncontrollably higher, Greece’s government would probably break completely, and the worldwide economy might tumble back to darkness.
Since we’ve experienced the daily dose of hopelessness and worry for the upcoming financial security, let’s discuss what you can do to relieve the condition. At this stage, the majority of economic experts think that the Greek default is becoming inescapable. Therefore, just what ought to be aimed at is austerity, meaning expense reducing on the countrywide level. Through restructuring the debt and then having steps to reduce needless spending, which may be made by reducing public sector employees (a sizable percentage of whom tend to be pointlessly employed anyhow), lowering public services, and making procedures to chop spending, the Greek government could eventually be competent to settle its financial obligations. During the ideal situation, yet, Greece may need to plan for probable economic downturn for quite a while in the future.
The Greeks must realize the effects of financial failure and prevent rioting towards each austerity bill that goes thru Parliament. A few weeks back, a huge number latched onto the Parliament building in Syntagma Square in order to protest this fresh austerity bill which is designed to reduce salary and benefits. Honestly I don’t figure out the reasoning driving these protests. The Greek people anticipating that certain enchanting remedy may fall down coming from the heavens and take that cost-cutting and shedding some of their salary may become the ideal bargain intended for the foreseeable future sustainability regarding their nation’s financial state. The alternative choice is financial failure and the principal elimination of employment and livelihood.
It’s time to raise our heads up, start looking into the future, and have an understanding that a few compromises rendered at present may save the coming years with mainly a small amount of the present time. This specific lesson is definitely not just for Greece and some other economically struggling nations to understand, but likewise for Americans -we all have evolved in order to take with no consideration and may have turn into very stubborn to sacrifice. The occasion for stubbornness is certainly through and, in case we all desire some sort of future, all of us ought to learn to acknowledge that a number of sacrifices may need to be done.

CREDIT CARD HACKING-Shaw Capital Management Warning Prevention

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Better Business Bureau of Southern Arizona is warning consumers against giving out personal information to unknown callers. Scammers have recently been using the name of legitimate law firms to trick victims across the country into giving out bank information, credit card numbers and other private information. Victims report receiving calls from individuals using a fake [...]

shaw capital management financial news:Bin Laden not dead

Can you imagine the body of a globally wanted terrorist (Osama bin Laden, that is) being dumped into the sea soon after he’s done in by special forces? Me neither.

With no proof of his body and photos of the operation being held back from the public, it’s pretty natural that people would doubt the attack in Abbottabad really happened.

Though we must understand that it is done to avoid prompting retribution from fellow Muslims, skeptics like me would quickly find a ground to jump into. Yet another fodder for conspiracy buffs who are still stuck in the world of Illuminati and 76-year old Elvis, but who knows, maybe this time they’ve hit the right mark in arguing that Bin Laden is not yet dead. After all, the whole mission is all hushed up and the ‘body’ is quickly disposed of. Add to that the unbelievable time it took to execute the whole plan.

And now that they won’t even show photos of the terrorist’s body, it will only fuel more rumors.

According to reports, the elite group named SEAL Team 6 (whose existence is denied by the secret service agency itself) did Osama Bin Laden on May 1. Seal team 6, a special force reserved for high priority targets is as highly ‘classified’ as their missions.

I could imagine the anticipation the military team must have had on the way to Bin Laden’s compound. All those ten years of spying and toiling, they have come to this culmination where they’re going to bring down the most wanted terrorist in the world once and for all.

The team is ‘prepared’ alright; they have rehearsed the operation in a similar compound multiple times, in multiple ways. They know exactly what to do had the circumstances changed as they have contingency plans. On top of that, they have to move fast because they are on a foreign soil and the local forces might not welcome them warmly once alerted.

They might go down as the greatest unsung heroes of our time — if that operation did kill bin Laden, that is.

Shaw Capital Management Financial News:UPDATE 1-Hyundai, Alabama state to make investment announcement

* Hyundai and Alabama to make investment announcement Monday

* Hyundai’s fuel-efficient cars in high demand

* Hyundai has talked with at least 3 states on plant plans

(Adds comment from Hyundai in Korea saying announcement is about engine production)

By Bernie Woodall and Hyunjoo Jin

DETROIT/SEOUL, May 16 (Reuters) – South Korea’s Hyundai Motor Co and the state of Alabama will announce on Monday an investment at Hyundai’s Alabama plant near Montgomery, the company said on Sunday.

A company source in Seoul told Reuters that the automaker will announce changes to its engine production in Alabama, while a Hyundai spokesperson said the automaker will not announce more production capacity.

Hyundai’s U.S. sales are booming, with the Korean firm the fastest growing major automaker in the U.S. market.

The Alabama plant makes two of the hottest selling cars in the U.S. market, the midsize sedan Sonata and the small sedan Elantra. Its assembly lines operate as much as 20 hours per day during weekdays and on some Saturdays to meet high demand.

While more vehicle production is not to be announced on Monday, a second Hyundai U.S. assembly plant could still follow at some point .

Sources told Reuters that Hyundai in recent months has spoken at least informally with at least three U.S. states including Alabama about plans for a second plant in the southeast of the United States.

Officials in South Carolina and Mississippi expressed interest in luring the Korean automaker to place new production in those states, the sources added.

Hyundai Motor’s chief financial officer, Lee Won-hee, said last month that the company could consider building another U.S. production plant if the market continued to improve, but that no formal plans are in place. [ID:nL3E7FS0PN]

Hyundai’s U.S. sales rose 31 percent in the first four months of 2011, boosted by a model lineup laden with fuel-efficient small cars as consumers seek vehicles that can help overcome gasoline prices that have risen above $4 per gallon in much of the country.

Hyundai’s U.S. chief executive, John Krafcik, earlier this year said the automaker’s U.S. sales will be constrained by limits to its current production, but has not commented on any plans to expand the company’s U.S. production.

Sources told Reuters that Hyundai is considering at some point placing a second assembly plant on the same site as its existing factory south of Montgomery.


ROOM TO GROW

The company owns about 1,750 acres (708 hectares) at its Alabama site, and its current assembly plant takes up less than a third of that land.

One source told Reuters that any new plant would produce a subcompact car, the size of the Hyundai Accent which is now imported to the United States.

Hyundai opened its Alabama plant in 2005. It was followed by dozens of Korean auto parts suppliers that also have production plants in Alabama to serve the Hyundai factory.

Alabama is a “right to work” state, which helps companies there fend off efforts to unionize workers. The United Auto Workers, which represent production workers at the three major U.S. automakers, has not been successful in convincing Hyundai workers to unionize the Alabama plant, which has about 2,600 workers.

Mississippi and South Carolina are also right to work states.

U.S. April sales of Hyundai increased 40 percent from April 2010, to 61,754 units, for a 4.8 percent share of the U.S. market. Through April, Hyundai’s U.S. sales rose 31 percent to 204,374 units.

U.S. Sonata sales rose 46 percent to 73,616 in 2011 through April, while U.S. April sales of Elantra were up 129 percent and up 89 percent in 2011 through April.

Hyundai said the vehicles it sold in the United States in April averaged 36.2 miles per gallon, and that vehicles that can average 40 miles per gallon on the highway made up 34 percent of its April sales, up from 25 percent in April 2010. (Reporting by Bernie Woodall in Detroit and Hyunjoo Jin in Seoul; Editing by Richard Chang and Dhara Ranasinghe)

Shaw Capital Management Financial News: Wall St. Banks Expected to Post Weak 2nd-Quarter Results

Only a few short months ago, JPMorgan Chase traders were on such a roll that they did not have a single losing day in the first quarter.

But when the bank reports its second-quarter results this week, that hot streak will have come to an end. Analysts expect JPMorgan to count an almost 20 percent drop in its sales and trading revenues, reflecting a slowdown in investor activity and the dismal performance of its fixed-income and commodities groups.

Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are expected to report similar news. After helping prop up Wall Street during the financial crisis, core trading revenue is projected to drop, on average, by as much as 25 percent from the first quarter, according to Credit Suisse research.

That will put further pressure on the banks’ growth prospects, which are already strained by stagnant loan growth and more stringent regulation. It is also prompting nearly every major Wall Street firm to contemplate another round of layoffs amid growing concerns that at least part of the weak results are permanent.

“We are undoubtedly being impacted by lower levels of activity,” said William Tanona, a financial services analyst with UBS. “There is a lot of uncertainty out there.”

Together, the five Wall Street banks are still going to take in more than $20 billion from their core trading operations, largely from business done on behalf of clients. For example, the banks routinely help airlines hedge oil prices or bring together buyers and sellers of stock, bonds and other complex securities — often putting their own money on the line to facilitate a trade. But during the second quarter, the business was particularly hard hit.

Trading volumes fell sharply as investors became unnerved by the running debt crisis in Europe, the political standoff over the debt ceiling in the United States, and lingering concerns over the anemic growth of the broader economy. Even when investors did place their bets, they were far more hesitant to take big risks — something known on Wall Street as lacking conviction. That meant the banks missed out on the lucrative fees they can generate by selling more high-octane products, like complex options and derivatives.

Fixed-income traders, among the biggest moneymakers for Wall Street, faced a bruising market. In the commodities business, for example, oil, gold and other metals prices had been rising quickly during the early part of the year as investors anticipated high demand for materials to keep the global economy humming. But as cracks in the recovery kept surfacing, prices headed south — and traders raced to the sidelines. That left most Wall Street desks, which had stocked up on inventory to facilitate trades, holding losing positions.

At JPMorgan, for instance, energy traders were having a gangbuster year, earning several hundred million dollars for its burgeoning commodities unit. Yet when the market turned in early May, they gave back some of those gains, according to market participants. Morgan Stanley, meanwhile, suffered tens of millions in losses on its interest rate desk when a bet on lower inflation turned against the bank’s position.

Mortgage trading did not fare much better. After rallying from highly depressed values for much the last two years, mortgage-backed securities prices fell sharply during the second quarter. The reason? The government started dumping into the market its vast portfolio of mortgage bonds acquired from its rescue of the American International Group, and investors believed the outsize supply would cause values to plummet. (Only recently, when the Federal Reserve Bank of New York announced it was halting auctions of the A.I.G. mortgage bonds, did prices start to stabilize.)

Although the banks have slowed the spill of red ink from troubled mortgages and other bad loans, they are struggling to increase revenue in their more traditional banking businesses, too.

New financial regulations have chipped away at once-lucrative sources of income, like overdraft charges and credit card penalty fees. Starting this fall, banks are expecting to absorb a multibillion-dollar hit when they are forced to sharply lower the fees they charge each time consumers swipe their debit cards. Higher capital requirements, meanwhile, could further depress profits if some banks are forced to lighten their balance sheets or exit certain businesses altogether.

Shaw Capital Management Financial News: China adviser: 2011 consumer inflation to hit 4.8%

By China Bureau

SHANGHAI (MarketWatch) — China’s consumer price index is likely to increase 4.8% this year, the state-run China Securities Journal reported Monday, citing Li Daokui, an adviser to the People’s Bank of China.

China’s inflation rate may have peaked in June and will likely slow down in the second half of the year, the newspaper quoted Li as saying.

China’s CPI rose 6.4% in June from a year earlier, the biggest monthly rise since June of 2008.

Li expected China’s CPI will increase 2.7% in 2012, according to the report.

-Newspaper website: http://www.cs.com.cn