BGN Entrepreneur

Steel companies today are expecting a drop in prices as the buyers delay their orders due to extreme nervousness about the glooming global economy. As a result, the steel industry are facing a hard time. The expected price fall threatens the profits outlook at some of the biggest steelmakers across the world.
There are worries about the build-up of government debt in the US and Europe, along with the sense that the crisis in the eurozone could be about to worsen in the wake of Greece’s default, which will slow the growth of steel consumption in the area. Besides, there are also concerns over Chinese demand as inflationary pressures have forced Beijing into cutting back on the supply of credit.

Ever since launching the first sale of distressed real estate loans three weeks ago, Lloyds Banking Group has been considering bids by dozens of private equity groups, opportunistic buyers and pension funds.
According to people familiar with the issue, it is indicated that it is likely that the group is poising in order to take a loss of about 35% on a £1bn basket of its commercial property debt as the group enters second-round talks with four remaining bidders for the portfolio.

Two biggest providers of financial and telecommunications services in Latin America–Citigroup and América Móvil have recently announced a joint venture of $50m to offer mobile banking services to millions of people across the area of Latin America, starting from Mexico.
The alliance between the two companies will allow people to use their mobilephones to do a lot of things, such as setting up bank accounts, transferring fund, withdrawing money from automatic teller machines, making purchases in stores, receiving payments as well as paying different bills.

Facing the deep crisis of confidence on international markets, business leaders in Germany, France and Italy have appealed to their governments to halt the financial market turbulence. They have agree measures such as making a “quantum leap” to tackle the financial crisis in the area. It calls for urgent implementation of fiscal reforms, recapitalisation of European banks as well as the creation of an independent European monetary fund.
The largest business federations in the three largest eurozone states issued their plea before a bilateral summit in Berlin between the German chancellor–Angela Merkel and President Nicolas Sarkozy of France.

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Today, gym clubs in different area are providing people with various kinds of training programs. No matter you are looking to get the slim body shape of supper models or more fit type like Jodie Marsh Body, you will be able to find specially tailored fitness program to meet your own needs. With the leading training service, you will be taken good care of. Beside getting a specially tailored exercising plan by the experts, you will also get a special dieting scheme.
Are you looking to improve your body shape? Are you looking to lead a more healthy life? Are you planning to join gym clubs in order to exercise under the instruction of professionals on a regular base? What are you still waiting for?! Set towards a more active life immediately.

RBS, Lloyds TSB and 10 other financial institutions in the UK were downgraded by Moody’s. This change reflected the reduced possibility that the UK government is going to bail the banks out in a future crisis, even though a European effort to recapitalise the continent’s banking system appeared to gather momentum.
According to European political leaders, it is believed that as much as €200bn may need to be pumped into the banks in the European area to shore up the confidence of the investors.

Samsung Electronics has informed the investors that due to the strong performance of its smartphone business, the third-quarter profits of the company are on target to beat the expectations of the analyst. This indicates that Samsung’s worsening legal disputes with Apple have yet to hurt the sales of its flagship Galaxy S handsets.
Samsung become the first big global technology company to give earnings guidance this quarter. According to the company, it was estimated that its operating profit for the July-September period will be around Won4,100bn. This represents a 14% decline from the previous year, largely because its chip and display businesses go on suffering from cooling demand for televisions and computers amid the global economic slowdown.
However, the estimates were still up by 12% of the preceding quarter and topped the most bullish market forecasts. This reveals how Samsung’s Android-based Galaxy S phones have managed to become a serious challenger to Apple’s iPhones.