Analysts say the worst of the financial crisis that hit Eastern Europe especially hard has passed but new euro bond and sovereign bond issues could make it challenging for corporations looking to tap the capital markets. Cheuvreux’s Simon Quijano-Evans explains why.
Hardly a day goes by now without some Chinese firm striking a deal to buy assets overseas, but the country’s best prospects for growth may be right in its own backyard. Vivi Lin in Beijing reports on how the world’s workshop is fast becoming one of the world’s top consumers.
For most of us, printing e-mails or making copies is just part of the daily routine in the office. But, the paper we use does come from somewhere. Last week, we had the opportunity to visit Stora Enso’s Nymolla Mill in southern Sweden to get an exclusive look at how MultiCopy paper is made. Nymolla is an integrated mill (it produces pulp and paper on the same site) and most of the wood used is sourced locally. Also interesting, the mill is the only one I could find in the world that emits zero carbon dioxide from fossil fuels during the paper making process. Check out my look inside the Nymolla Mill.
Charles Schwab’s Chief Investment Strategist Liz Ann Sonders believes the rise in oil prices is in part directly related to the improvement in the economy. Sonders says “there’s no reality if the economy is starting to improve to the ten-year staying at 2-percent and oil staying at $32 dollars.” Do you agree? Or, will the rise in prices start raising red flags? Click here to listen to Sonders’ view.
This week we’re getting inside views from some of the biggest names in retail…from high-end fashion houses like Hermes to department store chain J.C. Penney. Optimism among those in the industry about a turnaround toward the end of 2009 springs eternal…but what are you seeing? Where are you spending? Or, are you trading down? Ditching Saks and heading to Target? Barclays retail analyst Bob Drbul says the key for consumers in the current economic environment, no matter where they shop, is “value.” Click here to hear his thoughts: Are you changing your buying behavior? from Reuters TV on Vimeo.
Norfolk Southern says it is working hard to reduce the rail operator’s carbon footprint. CEO Wick Moorman says the company is in the midst of a 2-year, $10 million project to change the lighting in it’s facilities…he says he’s even changed the lightbulbs in his office. Click here to listen to how much money Norfolk is saving and what else it’s doing to be more “green.”
Wick from Tony Johansson on Vimeo.
The Manufacturing and Transportation Summit in Chicago kicks off our 2009 global coverage of Reuters Summits. Over the next 41 weeks we’ll bring you exclusive interviews from around the world with corporate executives, government leaders and others who can give us key insights into what’s ahead for their industries. First off, to get us ready for a more in-depth look at the manufacturing industry we spent a day last week in Rock Hill, SC home to two of Terex’s (TEX.N) manufacturing operations. Rock Hill is located just about 20 minutes south of Charlotte, NC. Terex Hydra Platforms manufactures a product that looks like something out of the movie Transfomers. Check out the story: