As President Barack Obama sends more troops to Afghanistan, and the Pentagon is expected to increase orders of armored trucks, helicopters, ammunition and other weaponry, Reuters specialist journalists are talking to some of the biggest names in the aerospace and defense industries.
Among those who will be speaking to us this coming week: Lockheed Martin CEO Robert Stevens, US Air Force Secretary Michael Donley, and L-3 Communications Holdings CEO Michael Strianese.
Gulf Arab states have awed the West with six years of breakneck growth fueled by record oil prices and a real estate boom.But what does the future hold? Will it be just a mirage of prosperity in the desert? Or, will the region, rich in oil, adapt to the future? Speaker: Timothy Fox Chief Economist, Emirates NBD Presenter: Martina Fuchs Dubai.
China Investment Summit, August 31-September 2, 2009
China holds the undisputed position as workshop to the world, but it’s also fast becoming one of the world’s top consumers in its own right. As the global financial crisis approaches its second anniversary, China’s role in pulling the world out of recession is gaining growing attention as cash-rich Chinese consumers spend billions of dollars under their government’s $585 billion economic stimulus plan.
The huge spending spree has helped the Shanghai and Hong Kong stock markets rise more than 70% and 40% this year, respectively, as investors from both home and abroad look to get a piece of an economy set to overtake the United States to become the world’s largest by 2030. Even as the rest of the world suffers in recession, China’s GDP is expected to grow 9.4% this year and 11.9% in 2010, according to Goldman Sachs, which recently upgraded its forecasts for the country. Underscoring the growing clout of its domestic market, China’s retail sales surged 15% in the year to July and urban investment rose 33%, even as July exports tumbled 23% year-on-year.
Unlike other economic downturns luxury retailers are also taking a hit along with the trest of the industry.Luxury retail consultant and president of Unity Marketing, Pam Danziger, says retailers have to be willing to make tough choices and clearly align themselves with the needs of the customer without just paying lip service.Speaker: Pam Danziger President Unity Marketing Presenter: Jeanne Yurman New York
Higher gas prices will likely be a thorn in the side of consumers who are starting to feel more optimistic about the U.S. economic recovery.
Soundbite: Platt’s Oilgram Price Report Editor in Chief Jeff Mower.
Ruben Ramirez reports.
In the midst of this recession, technology companies are drawing attention from investors and consumers alike as everyone tries to predict when the downturn will hit bottom and what new inventions might drive a recovery. How will new software and the Internet affect the way people do business? Can consumers afford to update the entertainment they enjoy in their house or car? Are workers properly equipped to communicate with clients and colleagues around the world? Which technology companies will come out as winners from this global crisis, and who will not make it?
Leading CEOs and senior executives will discuss their strategies and other topics at a time of increased uncertainty, sinking consumer demand and more controlled financing. The annual Reuters Global Technology Summit will generate exclusive interviews and articles, blog postings and online videos.
Never before have exchanges undergone the heavy trading volumes, severe volatility, and intense scrutiny brought on by the global market crisis that began in earnest last year. Emerging from a period of blockbuster mergers, the largest market operators have so far run with few problems as investors worldwide rushed to sell securities. While the volatility could mean a short-term trading bonanza, the industry is also keeping a close eye on politicians and regulators considering sweeping changes that could mean new restrictions on capital markets and its growing ranks of participants. Some exchanges could take advantage as over-the-counter products such as credit derivatives, demonized by some for their role in the crisis, are pushed on to transparent clearinghouses.
Meanwhile, traders have hung on as roller-coaster markets forced them to reevaluate and even abandon some long-held investment strategies. The growing prominence of computer-based high-frequency trading has driven volatility to record highs, and accounts for record trading volumes in U.S. stocks despite a recession that has toppled some of the biggest financial firms. With ever faster technology, dark pools and other alternative venues have proliferated and intensified pricing wars meant to attract investors, who are bruised by the selloff and sensitive to trading costs.