An Obama advisor recommends companies to compete decentralized

The international relations expert Parag Khanna, an adviser to U.S. President Barack Obama has today recommended to the companies that opt for decentralization to gain positions in emerging markets.

Khanna, director of the Global Governance Initiative, World Economic Forum, took part today in San Sebastian in the first day of FARO International Congress 2009, organized by the Chamber of Guipuzcoa.

Before an audience full of entrepreneurs Gipuzkoa, Khanna has exposed the thesis contained in his book "The Second World", which defines the balance between the superpowers of the globalized world and emerging countries across the globe.

Has detailed the features of many international markets into which European companies can direct their eyes in its commitment to internationalization.

Khanna has argued for changing the mindset and leave the outline of companies that have headquarters overseas plants because, in his view, in the globalized world companies must prefer a completely decentralized scheme in which they have "20 nodes but no central headquarters.

Thus, companies must "understand the local market" and "train local managers" in order to compete effectively in emerging markets.

According to this expert paradigm described in his book currently there are three world superpowers, three cores that extend its influence throughout the world: USA, which owns 20% of global GDP, the European Union, with 23%, and China, that even has 11% of global GDP, is growing and has presence in all areas of the planet.

Over Japan, the Obama adviser has commented that traditionally has been considered a superpower, but currently "not anymore" because "it has been far behind," among other reasons because he suffers "a major demographic problem."

Following these three superpowers, Khanna puts a large group of countries comprising the "second world", which divided into five regions: Eastern Europe, Central Asia, Latin America, Middle East and Southeast Asia.

As noted, the industrialization of emerging countries may be perceived as a threat to SMEs of the superpowers, it should ask "how much they want to go global" to compete.

The European banking industry could lose 85,000 jobs by crisis, says Bank Tables

The European banking industry could lose 85,000 jobs by crisis, says Bank Tables.
Madrid, Oct 19 (Thomson Financial) .- The European banking industry could lose 85,000 jobs as a result of the crisis, of which between 10 and 15 per cent will be in Spain, said today the president of the Association des cadres Banking (ACB), Antonio Torres.
Torres made the remarks during a press conference held by the Confederation of tables and Professional (CCP), which denounced the "malpractice of the UGT union to attract delegates from other smaller formations and attack and the unions with underrepresented.
In response to questions from journalists on how it may affect potential mergers in the banking sector to employment, the chairman of the Banking Association des cadres-integrated into the BAC-explained that such processes may involve the loss of 85,000 jobs in Europe.

About Spain indicated that although the banking sector is among the most "competitive", is also suffering from the crisis and therefore this will impact the loss of jobs. However, he stated that this process will take place on a non-traumatic, through early retirements and voluntary redundancies.

Torres also said that although the figures are not known so far, there have been "a very significant impairment of job losses in the banking sector. Moreover, the Banking Association des cadres today denounced the situations of privilege and domination "of the two major trade unions-in reference to the CCOO and UGT, which gives" a status that does nothing but arrogant devalue freedom association ".
As said Antonio Torres, UGT has created a "plot" against the CBA has led to the departure of some delegates and members of the same.
So complained that even "secure the cooperation of the chief administrator of the CPF to provide them with the database of delegates and members," and now this former employee is working for UGT.

Thompson said about that the CPF will act "overwhelming" and that the Board of Directors that the Association will hold the next 20 to 22 October in Barcelona, will be discussed concrete measures to be carried out. In addition, the Board will address other issues such as the banking crisis or the union structure, which provides minority to join with others to present a single candidate in the upcoming union elections to be held in late 2010 or early 2011.

ArcelorMittal sees Chinese demand growth, not in Europe and USA

ArcelorMittal, the world's biggest steelmaker, on Wednesday raised its forecast for demand growth in China this year but believes that the U.S. markets and Europe will continue to suffer from the financial crisis through 2010.

"No market is expected to normalize in Europe and the United States in 2010," said Chief Executive Lakshmi Mittal said in a document to be presented to investors later on Wednesday.

However, Mittal, whose company produced more than 7 percent of the world's steel last year, said China emerging regions and represent about 80 percent of the global market in 2009.

China's domestic demand would increase by more than 15 percent this year and would cool in 2010, Mittal said in the presentation posted on the website of ArcelorMittal.

Previously projected growth of 10 percent this year.

The global economic crisis that affected customers in the key steel automotive and construction market, has forced his rivals ArcelorMittal operating at half capacity during the first half of 2009, down from 60 percent in prices spot, while the divestiture exacerbated the problem.

The global steel demand, which fell by nearly 2 percent in 2008, would fall again this year, according to World Steel Association (WSA for its acronym in English).

Mittal previously forecast a decline of between 15 and 20 percent in global steel demand, recognized as a general indicator of economic health.

Once termindada the worst crisis in the developed world since the 1930s, Mittal expects demand to return to trend growth of between 3 and 5 percent, led by emerging markets.

"Chinese demand took by surprise some people, largely through the stimulus package and infrastructure construction. That's what's sustaining the steel market," said a London analyst who declined to be identified.

Chinese steel production jumped by 22 percent year to a record 52.3 million tonnes in August, posting its fifth consecutive monthly rise.

The Tokyo stock market advances thanks to the strong dollar

The Tokyo stock market gains resumed today after three days down, thanks to the strong dollar and rises in other Asian markets, although the turnover was lower because it is a holiday in the U.S..

The Nikkei gained 133.83 points, 1.31% to 10,320.94 points while the broader Topix index, which groups all the values of the first section, rose 8.86 points, 0.94%, 944.60 to the whole.

The gains were greater among real estate companies, shipping and steel, while losses stressed the values of consumer finance, retail and electricity and gas.

At the beginning of the session, the strength of the dollar encouraged investors.

The U.S. currency was stabilized in the range of 93 yen, which favored the major exporters Nipponese, very influenced by the currency markets.

Also, the upward closure Friday on Wall Street gains favored the floor tokiota the absence of new indicators on the progress of the economy.

"Stocks in Tokyo seem to be below its real value, after falling more than 4% from the peak reached in eleven months on 26 August," said HIROICHI Nishi, an analyst at Nikko Cordial, a local agency Kyodo.

Analysts say it is too early to know the effects they may have on the economy the reforms proposed by the elected Prime Minister Yukio Hatoyama of the Democratic Party (PD), so that investors are guided by signals from outside markets.

The DP won the general election on 30 August to Liberal Democratic Party (LDP), the party that dominated Japan's politics for more than half a century.

This was the day with little activity since Jan. 19 because it is a holiday in America for Labor Day, celebrated the first Monday in September.

Turnover was 1517.07 million shares, down from 1924.27 million Friday.

In the first section, 862 securities advanced while 644 fell and 180 were unchanged.

Technology stocks followed the trend of the sector on Wall Street and posted gains, such as Toshiba and Sony, which was up 3%.

Nomura Holdings, which rose five tenths of a percent, was the day's value leader, while the volume leader, Mizuho Financial, showed no variation at the end of the day.