It was announced on Tuesday by Barack Obama that the US Government, World Bank and businesses will invest a total of $33 billion in Africa’s economy. Obama explained that the US will finance $7 billion in business exports and investments in Africa.

These pledges were the most important part of Obama’s three day US – Africa Leaders Summit which brought 50 African heads of state to Washington.

In another speech on Tuesday, Obama referred to a “new Africa that’s emerging,” he talked about the emerging middle class and Africa’s fastest growing telecommunications market and the world’s youngest population.

During the summit Obama repeatedly urged that America and Africa have to work together. He said/ “ I want Africans buying more American products and I want Americans buying more African products.”

Jeff Immelt, CEO of General Electric points out that America sort of gave Africa away to Europe and China and that now it is wide open for America. The business forum basically aimed to make up for ground lost to China, which became Africa’s top trading partner in 2009. Europe and China have had similar summits in recent years because of their particular interest in Africa’s natural resources. Obama, however, pitched the United States as a different kind of partner, suggesting that America aimed at giving back to Africa and helping solve its problems as well.

General Electric announced that it will pump $2 billion in Africa by 2018 while IBM confirmed that it had struck a deal to handle information technology for Fidelity Bank of Ghana for $100 million.

Whitaker suggests that the summit really provides an opportunity for Obama to “solidify his legacy on Africa” something Whitaker suggests Obama wasn’t able to do in his first term.

Asian stocks suffered a drop in Wall Street and stood near three year highs on Monday, China took the lead as data showed a significant increase in profits earned by industrial firm in the second largest economy of the world.
June saw the percentage profits earned by Chinese industrial firms to rise 17.9 percent to 588.08 billion yuan ($94.98 billion) compared to last year according to the National Bureau of Statistics.

china
Market expectations have been confirmed by recent data that China’s economy is expanding as a result of targeted stimulus measures provided by the government to support growth.

China’s CSI300 increased 2.3 percent and the Hang Seng 0.8 percent.

Soichiro Monji, chief strategist at Daiwa SB Investment in Tokyo explained that funds from Middle Eastern and Asian investors were resuming as the Muslim fasting month ends.

He alluded towards the geopolitical concerns in Ukraine but expressed relief in the news that the impact will be contained.In fact, one of the key factors in commodities such as oil were geopolitical issues, Brent crude decreased 0.4 percent to $107.96 a barrel but still managed to retain a chunk of its gains from Friday, when it increased more than a dollar as the conflict in Ukraine and progressively deteriorating relations between Russia and the US fueled fresh fears of supply problems.

The focus then turned to whether this week’s data from US would be strong enough to keep fueling risk appetite.
The euro too, suffered on Friday when Germany’s Ifo business climate index didn’t make the economy loo

China’s amazing records in profit shares bring astounding effect to the global market, creating a great boost to Asia stock while leaving Europe unenthused. This appealing economic status of China makes this country to persevere even more in their campaign to saturate the global market and to remain on top of their competitors from Europe and even the United States.

A recent news from Beijing, China reports that Asian stock markets are noticeably higher today, Monday. Paris and London benchmarks also top the list but many other European markets gets relatively lower at this time. This is even considered as Asia’s day as Shanghai Composite Index rose 2.4 % to 2,177.95. Tokyo’s Nikkei 225 adds 0.5% and Hang Seng of Hong Kong gets a 0.9% gain. Even South Korea’s Kospi gets a 0.7% increase. S&P/ASX200 from Sydney, Australia even gets an increase of 0.1% from its previous value.

China’s industrial enterprises’ profits even rose to 17.9%. These economic stability and high standing in the world market creates tension to Russia and other European markets or even the United States. Nissan Motor Corporation’s shares soars in greater heights of success as it is ahead of the other automaker’s reports on quarterly earnings, which actually makes it a great stock that you really need to watch out for new trends or surprising market performance in action.

Credit Agricole CIB and other analysts have pointed out clearly that these is no evident sign for geopolitics to de-escalate, giving safe-haven assets the great edge.

Traders are excited to look ahead to what will actually happen to the economic data of the United States this week. Forecasters expect a sudden rise in employment starting Friday as new additional jobs in July ranges from 235,000 to 255,000.

This exciting economic boost makes the major players of the global corporate world to be more watchful and active at all times.

China’s amazing records in profit shares bring astounding effect to the global market, creating a great boost to Asia stock while leaving Europe unenthused. This appealing economic status of China makes this country to persevere even more in their campaign to saturate the global market and to remain on top of their competitors from Europe and even the United States.

A recent news from Beijing, China reports that Asian stock markets are noticeably higher today, Monday. Paris and London benchmarks also top the list but many other European markets gets relatively lower at this time. This is even considered as Asia’s day as Shanghai Composite Index rose 2.4 % to 2,177.95. Tokyo’s Nikkei 225 adds 0.5% and Hang Seng of Hong Kong gets a 0.9% gain. Even South Korea’s Kospi gets a 0.7% increase. S&P/ASX200 from Sydney, Australia even gets an increase of 0.1% from its previous value.

China’s industrial enterprises’ profits even rose to 17.9%. These economic stability and high standing in the world market creates tension to Russia and other European markets or even the United States. Nissan Motor Corporation’s shares soars in greater heights of success as it is ahead of the other automaker’s reports on quarterly earnings, which actually makes it a great stock that you really need to watch out for new trends or surprising market performance in action.

Credit Agricole CIB and other analysts have pointed out clearly that these is no evident sign for geopolitics to de-escalate, giving safe-haven assets the great edge.

Traders are excited to look ahead to what will actually happen to the economic data of the United States this week. Forecasters expect a sudden rise in employment starting Friday as new additional jobs in July ranges from 235,000 to 255,000.

This exciting economic boost makes the major players of the global corporate world to be more watchful and active at all times.

Danone Saudia Arabia- a  multinational French dairy consumer product- is planning to sell its medical nutrition unit to a Hospira Inc. Hospira is a U.S pharmaceutical and medication delivery company.

According to reports, this deal will give a rise of $5 million to the unit. It will enable Hospira to transfer its tax base to France after that the company will be listed along with the other tax inversion companies. Presently, several companies are shifting their head offices to another country for the sake of getting rid with the higher U.S tax policies.

Danone has made an effort to sell its medical nutrition unit since last four months. In the past, the company tried to make an agreement with Nestle SA (NESN) and Fresenius SE but in vain. That deal would have given , 3 billion euro that will be $4 million approximately to the company.

Patrik Lang, an analyst at Julius Baer Group Ltd. said that the cause behind this deal is that the company wants funds to increase its growth. Now, the question arises is that how Danone will utilize this money and what strategies the company is will follow. In Paris, where Danone is located, the shares went 1.6 percent higher at 55.95 euros. It provides the owner a market value of 36 billion euros . On the other hand, Hospira refrained from giving any on this particular issue

According to a report in the Wall Street Journal executives from JP Morgan Chase and Co. Were questioned by regulators if private bank advisers guide client’s to buy the firm’s own financial products.

The New York based bank has increased disclosure towards clients as a consequence of questioning related to potential conflict of interests.

The report suggests that the Office of the Comptroller of the Currency, which is one of JP Morgan’s regulators, has been having talks with the bank regarding potential conflict of interests in recent months indicating that the matter may still be open.

Darin Oduyoye, a spokesman for JP Morgan’s asset management unit assured Reuters on Sunday that “being transparent” was part of their business and “It’s what drives our client communications.”
The Office of the Comptroller of the Currency could not be reached for comment.

If brokers coerce clients to buy certain in house products and not give impartial financial advise
the bank could gain at the expense of the client.

WalMart has recently hired a new Chief executive office. Greg Foran, current CEO of Wal-Mart China will take the responsibilities in place of Bill Simon. Bill Simon was the in charge of Wal-Mart US for the past four years but soon he will be saying good-bye to the company.

Company has issued a note which stated the cause of the removal of Simon from his designation. They have mentioned that Simon was talented enough to replace, Mike Duke, former CEO, whereas, they have found a man who is even more brilliant in his work than Simon. The company has revealed the fact that they were planning to send off Simon since several months therefore, they were not astonished when this decision was officially approved.

 

Nevertheless, when the company was officially declaring change in management of US WalMart, it has also appreciated the services of the former CEO, Simon. They believed that Simon has redirected company’s concentration towards daily low cost and everyday low prices. He introduced some healthier food and gave its department a victorious make over.

On the other hand, company put th blame on Simon for the not so performing stores in the United States which can directly affect the company. Whereas, in the most recent interview of Simon,he states that chances of WalMart getting back to it’s previous position is almost next to impossible. No doubt, it will be quite a challenging task for Greg Foran to increase the sales growth of U.S WalMart stores.