May 24th, 2013 | Comments Off
Billionaire Paul Singer, founder of the Elliot Management hedge fund, is hinting that he wants to see the end of the too big to fail philosophy that bailed out bankers in 2008 after they made bad investment calls that led to the current recession.
In a letter to investors, he warned that another Lehman moment could be visited on the world economy. Financial institutions are sitting on bails of private equities, derivatives and other illiquid assets.
Singer said that banks continue to be opaque, are involved in risk and are overleveraged. Banks are trying to get out from under some of these positions, but nobody can be certain to what extent, based on the numbers that are being reported, Singer said.
Singer wants to see banks stand on the same playing field as global businesses and be subjected to the same market vagaries of competing on the wold market.
Singer is asking that banks be subjected to accounting rules that inform investors about their holdings and currency relationships.
Singer wants banks to be open so that their credit ratings and risk parameters can be reviewed.
Finally, derivative trades need to be brought under a common standard and overseen by clearinghouses, and bilateral contract margin rules must become uniform. Take a look here to learn more: Billionaire Hedge Funder Paul Singer's 9-Point Plan To Save The Global Financial System
March 26th, 2013 | Comments Off
Due to the global marketplace, cross-cultural business communications are more important than ever. Businesses that are located in small American towns are frequently dealing with customers who live on the other side of the planet, so some degree of cultural intelligence is necessary for those who want to acheive success in today's business climate. Although it is not absolutely necessary to be well-versed in a wide variety of cultural traditions, it is important to respect other cultures and to realize that misunderstandings can occur when cultural differences are not understood.
If you are the owner and operator of a business that ships products all over the world, you probably already know that you need to maintain a certain degree of cultural sensitivity with those whom you conduct business with. However, this is really much more simple than it seems -- common good manners can make a huge difference in crossing cultural borders.
September 2nd, 2012 | Comments Off
When doing business internationally, it is important to understand that different cultures view gender differently. In many of the Western companies, a woman in a position of power would not be seen as being out of the ordinary, but in some of the other regions, a woman in power would not be welcome. It should be noted there is a difference between sex and gender. Sex is the biological aspect an individual is born with, but gender is more of a cultural distinction.
Before doing business with an international company, it would be wise to do some research first.The full explanation can be found at http://aloftyexistence.wordpress.com/2012/08/21/gender-nature-vs-nurture/ The overall view of the cultural should be scoped out. This would be followed by an investigation into the company itself. For example, while a society might view women are less important than men, an individual company in that society might have a higher opinion of women.
When dealing with a company, it is best to attempt to match the company views with the team assigned to work with the company. A female-led company should have a female-led negotiation team, while a male-led company should have a male-led negotiation team.
Overall, while there is no hard and fast rule, it is always a good idea to â€œmirrorâ€ a companyâ€™s power structure with that of the negotiation team doing business with the company.
August 31st, 2012 | Comments Off
If you are trading services outside of the country, there is much to take into consideration to make sure the trade is successful and able to help your business. Outside of the actual business aspects of the trade, such as financial stability, if it is worth your trade or if you really want to work such a company, you also need to think about the tax implications. There are many different tax issues that come in mind when you deal with international trading, so coving your basics when you do decide to trade in international business, it is important to know what your'e getting yourself.Additional information can be found at http://emreakkiray.wordpress.com/2012/08/11/so-what-is-an-international-trade-and-brokerage-agent/.
For starters, you need to read up on the United States tax code situation. If you are based inside the country, you might need to not only pay taxes inside the United States, but also within the country you are trading in. You don't want to pay double taxes, as this becomes incredibly expensive and is just going to end up costing you a considerable amount of money. Due to this, you need to look over the United States and what the other country is offering. From there, you might decide how you are trading and select a different option.
August 29th, 2012 | Comments Off
If you are looking for ways to increase your business, one of the best methods is through the global market. There are many different regions throughout the world in which you can work with. These different regions are going to vary, depending on what you're looking to do or what you're looking to trade, but there is always something and someway you are able to increase your profit margin through the aid of international trade.
For starters, when looking at international trade, you need to look at the laws regulating the trade with these foreign countries. You may find no trade regulations in place, which is going to result in you bringing in the most possible services. This is generally the case with some third world countries, depending on their standing with the rest of the world community. However, outside of this, you may find there are strict trading regulations in other countries, which you need to avoid. You do't want to pay a hefty market price up, simply because of the restrictions.
Outside of the restrictions, you want a company that is willing to work directly with you and not through a third party administrator. This just adds to the price.
August 26th, 2012 | Comments Off
The market is increasingly global, with more customers coming from overseas. Partners that you work with as apart of the production and distribution process are also increasingly foreign. More goods are being manufactured in China and even customer service providers are being based in India in order to take advantage of cheap labor. Plenty of business is still being done with Europe.
It is not difficult to develop a relationship with an overseas partner. Most are already familiar with Western ways and might already speak English. As globalization continues, a universal set of business ethics are being developed and regional cultural differences are giving way to understanding. What is more important is that a business projects itself as capable and professional, which is universal in importance.
On the other hand, an appreciation for local values can be an excellent touch. It does, for example, look quite ignorant to seem fond of Japanese when speaking to business people from China. While not all Chinese dislike Japanese, there is enough prejudice in the population as a whole that to break this taboo seems uneducated.
The ability to speak a language can help but might be unnecessary. Foreign clients will want to see a strong portfolio and evidence of quality like any client. Eating out at an attractive restaurant that is fit for that client is a culturally conscious gesture, but business is always the main course.
August 25th, 2012 | Comments Off
When it comes to international business trading, there are several different aspects you need to take into consideration, especially the overall ethical aspect of you. With different cultures involved with one another, it is easy to insult the other culture, even if you're not attempting to. This is why it is important to learn about the different cultures before you meet them in person and make the necessary trade. You also need to learn about the company's business practice and how it goes about operating its business.
You need to know how the business operates. If the business you are trading with treats its workers poorly or inhumanely, you are actually just supporting this. You don't want to do this, so you need to avoid trading with such a company. Instead, you need to focus in on companies who are treating their workers and local surroundings with care and respect. From there, you are able to properly trade with the company.
You also need to read up on the local customs. You don't want to offend them when you show up, so it is important to know exactly what is going on and what you should or shouldn't do to avoid any kind of sticky situations.