Nikkei 225 Closes Higher as Exports Slide for 6th Month -- City Index Asia

SINGAPORE--(Marketwire - December 20, 2012) -  City Index Asia

The Nikkei 225 closed higher in trading this morning (December 19th) after official figures revealed the nation's overseas trade suffered another blow in November.

New data shows that exports fell for the sixth month in a row, highlighting the issues the newly-elected Liberal Democratic Party face as they settle back into office after three years in opposition.

Shipments slipped by 4.1 per cent in November compared to one year ago, with exports to key trading partner China declined by 14.5 per cent as a result of anti-Japanese business sentiment in the world's number two economy, stemming from a territorial dispute between the countries over islands in the East China Sea.

Furthermore, exports to the European Union -- which is embroiled in its own debt crisis -- plunged by 20 per cent.

At the end of the day in Tokyo today, the Nikkei 225 rose by 2.3 per cent to an index value of 10160.4 points.

About City Index:

City Index is a leading global provider of margined Forex trading, CFD trading. As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide.

Forex is the world's largest financial market with an average volume of USD 4 trillion per day. At City Index Asia, we offer tight fixed spreads on 28 of the most popular forex pairs including EUR/USD, USD/JPY and GBP/USD. Our range of web, downloadable and advanced charts based trading platforms enable you to trade quickly and efficiently.

FX markets and prices are mainly influenced by international trade and investment flows. To a lesser extent, FX prices are also influenced by economic and political conditions, such as interest rates, inflation, and political instability (the same factors that influence the equity and bond markets). This means that currency prices are constantly fluctuating in value against each other, offering multiple trading opportunities.

Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.

Contact: 
Joshua Raymond
City Index
+44(0)20-7107-7002
joshua.raymond@cityindex.co.uk

 

© 2012 Marketwire, Incorporated. All rights reserved.

New Holland Fiat India Achieves Important Safety Milestone

LUGANO, SWITZERLAND--(Marketwire - December 20, 2012) -  New Holland Fiat India Pvt Ltd, a subsidiary of CNH Global NV, has completed five million consecutive hours worked without a single lost time incident at its New Holland manufacturing base in Greater Noida, setting a new record in safety excellence as the first plant in CNH to reach such a milestone. The five million hours represent around 600 days of work over the past two years.

 

In recognition of this achievement, a special certificate signed by Richard Tobin, Chief Operating Officer of Fiat Industrial and CEO and President of CNH, and Franco Fusignani, New Holland Agriculture Brand Leader and Fiat Industrial COO of the Asia Pacific region, was presented today during an official ceremony held at the Greater Noida facility that was attended by all employees.

 

Rakesh Malhotra, Head of New Holland Fiat India operations, said, "We have reached an important milestone. This accomplishment will encourage us to continue to look for improvements and drive us forward as we strive to achieve our growth objectives responsibly and safely. We believe that putting the safety of workers first is the hallmark of a true industry leader. New Holland Fiat India's outstanding safety record is proof of the high standards that have been set. This has been possible with the engagement of all our employees and with the company's commitment to meeting the most stringent international quality and safety standards."

 

New Holland Fiat India's Greater Noida facility boasts the highest quality standards in the country's tractor industry and is among the best in the world for worker safety and environmental protection practices. The record-breaking milestone of five million hours is the result of the engagement of the entire organization, sound leadership and effective teamwork across all the facility's departments, as well as the dedication of the safety team who carried out a robust safety program.

 

The plant's participation in CNH's World Class Manufacturing program is an important factor in the facility's high safety standards. Launched in 2009, it actively involves all employees in eliminating risks in the workplace through clearly defined metrics, regular audits and a systematic approach to identifying potential accidents. World Class Manufacturing principles have now become integral to the way Greater Noida's employees approach their work.

 

With more than 1,300 employees and featuring a number of advanced manufacturing technologies, New Holland Fiat India produces tractors up to 75 hp, engines, transmissions, axles and PTOs, and fully controls all of its production processes and components. It exports products and components worldwide, with approximately 25% of its tractors sold in about 50 countries, primarily in Africa, the Middle East and North America. In addition, it supplies engines, transmissions, PTOs and four wheel drive front axles for agricultural and construction equipment to CNH plants around the world.

 

CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by approximately 11,300 dealers in approximately 170 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed on the New York Stock Exchange (NYSE: CNH), is a majority-owned subsidiary of Fiat Industrial S.p.A. (FI.MI). More information about CNH and its Case and New Holland products can be found online at www.cnh.com.

 

For info and photos, 
CNH International press office:
e-mail: media.international@cnh.com
phone: +39 011 0086346

 

© 2012 Marketwire, Incorporated. All rights reserved.

Air Carrier in the Americas Signs Letter of Intent for Up to 30 Bombardier CSeries Airliners

 

- Wings for first CSeries flight test vehicle being mated to fuselage; assembly progressing well

 

- Static test airframe being readied for start of tests

 

TORONTO, ONTARIO--(Marketwire - December 19, 2012) - Bombardier Aerospace announced today that an airline, which is based in the Americas, has signed a Letter of Intent to acquire 12 CS100 airliners with options on an additional 18. At this time the airline has requested to remain undisclosed.

Based on the list price of the CS100 airliner, a firm-order contract would be valued at approximately $870 million US and could increase to $2.08 billion US should the 18 options also be converted to firm orders.

 

"We are thrilled with the worldwide momentum of interest being shown for the CSeries aircraft program and we are pleased that customers in both our traditional aviation markets and growth markets are exploring opportunities and centering business cases around the use of the CSeries jetliners," said Mike Arcamone, President, Bombardier Commercial Aircraft. "As the CS100 aircraft readies for a milestone year of firsts, we look forward to welcoming yet another customer to the CSeries aircraft family. This customer selected the CS100 jetliners based on the flexibility and superior operational efficiencies offered only by the CSeries aircraft family."

 

As of September 30, 2012, Bombardier had booked orders and commitments for 352 CSeries aircraft that include firm orders for 138 CSeries airliners.

 

The 14 customers that have joined the CSeries aircraft program - nine with firm orders - include major network carriers, national and premier carriers, low-cost airlines, leasing companies and a full service provider to airline partners.

 

CSeries First Flight Test Vehicle and Test Airframe

 

The wings for the first CSeries flight test vehicle (FTV1) are being mated to the fuselage at the company's final assembly facility in Mirabel, Quebec, after arriving from Bombardier Aerospace Belfast in December. Assembly of FTV1 is progressing smoothly in preparation for first flight by the end of June 2013. Additionally, assembly of the Complete Airframe Static Test (CAST) article for the CSeries aircraft is complete and the instrumentation and loading system is being finalized for the start of airframe tests in January.

 

CSeries aircraft

 

Designed for the growing 100- to 149-seat market, the 100 per cent new CSeries aircraft family combines advanced materials, leading-edge technology and proven methods to meet commercial airline requirements in 2013 and beyond. Powered by Pratt & Whitney PurePower PW1500G engines, the CSeries aircraft family will offer a 15(i) per cent cash operating cost advantage and a 20(i) per cent fuel burn advantage. The CSeries aircraft's clean-sheet design is ensuring that the aircraft will achieve greatly reduced noise and emissions, as well as superior operational flexibility, exceptional airfield performance and a range of 2,950 nm (5,463 km)(i). The CSeries aircraft will be up to 12,000 lbs. (5,443 kg)(i) lighter than other aircraft in the same seat category and will provide passengers with a best-in-class, widebody cabin environment in a single-aisle aircraft.

 

About Bombardier

 

Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

 

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America indexes. In the fiscal year ended December 31, 2011, we posted revenues of $18.3 billion USD. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

 

Notes to editors

 

Images of CS100 aircraft and a photo of CSeries FTV1 are posted with this press release at: www.bombardier.com.

 

Additional information on CSeries aircraft is available at: www.cseries.com.

 

Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace.

 

(i)            The CSeries aircraft are in the design phase. All data and specifications are estimates, subject to change in family strategy, branding, capacity and performance during the design, manufacture and certification process. Performance has been estimated based on a 500-nm North American operating environment.

 

Bombardier, CS100, CSeries and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

 

Contacts:
Marc Duchesne
Bombardier Commercial Aircraft
+1-416-375-3030
www.bombardier.com

 

© 2012 Marketwire, Incorporated. All rights reserved.

Silver's Latest Selloff -- City Index UK

 

LONDON--(Marketwire - December 19, 2012) - City Index UK -- So what happens to silver as it falls victim to metals' selloff? The recent damage in metals -- particularly gold -- is a result of the unwinding of this summer's buying gold against euro as a flight to safety from Greek election woes. The unwinding of that long gold/short EUR began to unravel these past few weeks after the dissipation of Eurozone tail risk (Greece debt buybacks, Spain bank bailout and preliminary Banking Union).

 

Silver is up 14% year-to-date, compared to gold's 7%. It is the fourth best performing commodity after wheat, soybeans and platinum at 24%, 22% and 14% respectively. Speculative activity among futures' traders has also been kinder for silver, with the number of net longs reaching a 22-month high of 41,275 contracts earlier this month. In contrast, gold net longs fell to 166,000 contracts, the lowest in three weeks.

 

See the chart here: Silver's Latest Selloff

 

Unlike gold, silver has persistently respected its four-year trendline, currently finding support at 29.20. Nevertheless, weeklies are likely to extend losses below 31.00 and onto the 30.70 low reached in November. Due to a most constructive technical foundation on the monthly oscillators, we expect stabilisation to emerge near the 29.50 trendline. At which point, gradual interest is seen building to guide the metal back up to 31.00, followed by 37.00 longer-term trends both bullish, the 1.0600 level can be considered a key level to watch.

 

About City Index:

 

City Index is one of the world leaders in spread betting and CFD trading. Established in the UK in 1983 we have grown to become leading providers of contracts for difference, FX and spread betting over the past 29 years.

 

Spread betting is a derivatives product that allows you to trade on the price movements of thousands of financial markets including indices, shares, currencies, commodities and more. You can use spread bets to speculate on price movements irrespective of whether the markets are rising or falling. If you go long (buy), your profits will rise in line with any increase in that price.

 

Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.

 

 

Contact:

Joshua Raymond

City Index

+44(0)20-7107-7002

joshua.raymond@cityindex.co.uk

 

 © 2012 Marketwire, Incorporated. All rights reserved.

SilkRoad Expands Footprint in Asia-Pacific Region and Receives Significant Award in China

 

Company Growth Fueled by Rising Need for 21st Century Social Talent Management Solutions

 

CHICAGO, IL--(Marketwire - December 19, 2012) - SilkRoad, a leading global provider of cloud-based social talent management software, announced today that it has broadened its footprint across Asia-Pacific-Japan (APJ), adding a significant number of new clients from China in the North to New Zealand in the South. Youku and Jebson Group of China, Wacom Global and Credit Saison of Japan and TrustPower of New Zealand join the list of enterprises using SilkRoad's innovative Life Suite® of integrated talent management solutions to engage employees from pre-hire to retire. 

 

"SilkRoad's recent success in Asia is due in large part to a growing need for 21^st Century talent management solutions that deliver mobile, employee-centric capabilities to address the challenges of a modern workforce," said Flip Filipowski, CEO of SilkRoad Technology. "As businesses in the region evolve to compete on a global scale, they need to move away from manual paper processes to an automated, socially-driven strategy."

 

SilkRoad China was recently recognized as a leading innovator by being named the "Most Promising HR Service Provider of the Year" by China Staff Awards, an influential recognition in China's HR community. SilkRoad is the only talent management provider that has been awarded this honor in the China market.

 

"We're expanding in China because we have innovative solutions, but equally important are the investments we've made across our service teams to support our growing customer base," said Johnny Wang, Managing Director of SilkRoad Greater China. "It's the smartest combination for ensuring the long-term success of our customers."

 

To support the growing demand for global talent management solutions in Japan, SilkRoad recently released its GreenLight® learning management system in Japanese, and has integrated it with its Wingspan® performance management software. The integration enables companies to offer a single collaborative learning and development program to a global employee base.

 

SilkRoad's Point(tm) social collaboration software is also being well received throughout Asia. Point takes social talent management a step further by uniting the popular features of social networking with talent management to connect employees to each other and their organization. Point encourages employees to share expertise across their organization while simultaneously helping management better understand what and who is driving their business.

 

SilkRoad's APJ client roster includes Colliers International and CrimsonLogic of Singapore; Veda and Save the Children of Australia; Bank of the Philippine Islands and Ayala Group of the Philippines; Tomen Electronics of Japan; and Wise Group and Optimation of New Zealand. SilkRoad is the only cloud-based Talent Management provider to have a full delivery and support capability throughout the region in multiple language sets.

 

For more information about SilkRoad's Life Suite talent management software offerings, please visit: 
http://www.silkroad.com/HR_Software/Life_Suite_Social_Talent_Management_Software.html

 

About SilkRoad

SilkRoad is a leading global provider of cloud-based social talent management software. Their passion for creating the finest employee experience drives everything they do. The award-winning SilkRoad Life Suite® is an integrated set of employer-branded TM/HCM solutions that power businesses with the latest Web 2.0 and social media innovations: OpenHire® for recruiting, RedCarpet® for onboarding and life events, WingSpan® for performance management, GreenLight® for learning management, Point(tm) and Eprise® for Social Collaboration and Content, and HeartBeat® for trusted HRMS. The Life Suite is ideally suited for businesses of every size because of its unique and open "start anywhere" architecture -- implement the complete suite or begin with one solution and add functionality as you need it. Either way, it's the fastest path to develop more productive and empowered employees who can rapidly boost business performance. Visit www.silkroad.com, follow them on Twitter @SilkRoadTweets or call 866-329-3363 (U.S. toll free) or +1-336-201-5100.

 

Contact: 
Megan Kessler
pr-SilkRoad@shiftcomm.com
617.779.1875

 

© 2012 Marketwire, Incorporated. All rights reserved.

Finspreads Aims to Bring Spread Betting to the Masses

 

LONDON--(Marketwire - December 19, 2012) - Finspreads -- Could you accurately define the following examples of trading terminology?

 

Leverage. Margin. Spreads. Forex. Stop Loss. Technical Analysis.

 

If the answer is no, Finspreads could be the best place to learn.

 

Finspreads is a back-to-basics trading platform that aims to bring the often confusing world of trading the financial markets to a wider audience, clearing up the jargon and teaching the fundamentals along the way.

 

Accounts for Everyone

 

There's a range of accounts to suit all types of trader with Finspreads. If you're absolutely new to the game, the beginners account is for you. You'll get the chance to trade popular markets like the FTSE 100 and Wall Street Indices with a stake size from just 10p per point. This means you'll not be exposed to as much risk as you would with larger stake sizes, giving you the space to trade and learn at the same time.

 

For more advanced traders, there's the Standard account. This account allows you to trade from 50p per point, and opens the range of markets available up a little bit, allowing you to take position on shares too.

 

And if you're really nervous about making a loss, there's the Limited Risk Account. This account is a safety net for beginners, and enforces a Guaranteed Stop Loss on every trade, meaning you'll never lose more than your initial deposit, which is a key risk of leveraged trading such as spread betting.

 

New traders, new site

 

The new Finspreads website launched just a few weeks ago and it could be the ideal place for beginners to perfect their game.

 

There's a range of user friendly guides and video animations to ease you into this confusing new world, so check out Finspreads today and open an account that best suits your level of experience.

 

Trading doesn't have to be difficult, and with Finspreads it just got that little bit easier.

 

Spread betting carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.

Contact: 
Joshua Raymond
City Index
+44(0)20-7107-7002
joshua.raymond@cityindex.co.uk

 

© 2012 Marketwire, Incorporated. All rights reserved.

SSE Composite Closes Higher as China Maintains Steady Policies in 2013 -- City Index Asia

 

SINGAPORE--(Marketwire - December 19, 2012) - City Index Asia -- The SSE Composite index in Shanghai made gains before closing today (December 17th), as the nation's decision-makers vow to maintain steady economic policies in 2013.

 

This approach will leave room for manoeuvre when facing global challenges, while the government also wants to deepen reforms to support long-term growth, the Xinhau news agency reports.

 

Experts say new Communist Party leader Xi Jinping ought to take assertive steps in enacting economic reforms that concentrate on consumption over investment and overseas trade, loosening the dominance of state businesses.

 

China's leaders have already pledged to ensure stable economic growth in 2013, supporting appropriate growth in bank loans and social financing.

 

The news organisation stated: "China will continue to implement the proactive fiscal policy and prudent monetary policy in 2013."

 

At close of play in Shanghai this morning, the SSE Composite rose by 0.4 per cent -- or 9.7 points -- to an index value of 2160.3 points.

 

About City Index:

 

City Index is a leading global provider of margined forex trading, CFD trading. As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide.

Foreign exchange, also known as FX or Forex, is the simultaneous buying of one currency and selling of another at an agreed exchange price on the over-the-counter market.

Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.

 

Contact:

Joshua Raymond

City Index

+44(0)20-7107-7002

joshua.raymond@cityindex.co.uk 

 

 © 2012 Marketwire, Incorporated. All rights reserved.