There is no information about Russia that's why I had to listen the podcast that interested me. It was about India and its economy.
India's economy grew at an annual rate of 8.6% in the three months to March, largely thanks to growth in manufacturing, official data has shown.
That marked an increase on the 6.5% growth seen in the previous quarter.
Analysts say the figures from the Central Statistical Organisation are likely to keep the central bank on its path of gradual rate increases.
The Reserve Bank of India (RBI) raised interest rates in April and March as it battles high levels of inflation.
The economy for the year ending March 2010 grew by 7.4%, ahead of the RBI's January forecast of 7.2%.
"I expect the current economic momentum to remain," Indian Finance Minister Pranab Mukherjee said after the figures were released.
He added that he expected the economy to grow by 8.5% in the financial year to March 2011.
As I study the world economy that information was useful for me and interesting at the same time. The material wasn't difficult except the name of the Indian Finance Minister, I had to look it in the Internet.
понедельник, 31 мая 2010 г.
понедельник, 17 мая 2010 г.
Carlsberg profits hit by Russian beer tax hike
Today I've listened another podcast about beer taxes.The main idea of it is that profits at the Danish brewer Carlsberg have been hit by a Russian beer tax, falling by 7% in the first 3 months of 2010.
Operating profit fell to 735m kroner ($125.2m; £84.4m) from 788m kroner last year.
However, the figure was better than analysts had predicted and Carlsberg's shares rose on the news.
Sales in Carlsberg's key region of Russia fell by 12% after the government tripled the tax on beer.
The fall was partly offset by improving sales in Western Europe and Asia where volumes grew 3% and 16% respectively.
Carlsberg says that it is still aiming for 20% net profit growth in 2010 and it anticipates "outperforming the market".
This article was easy and I understood it from the first listening. All the words was familiar and the volume of information was not very big.
Operating profit fell to 735m kroner ($125.2m; £84.4m) from 788m kroner last year.
However, the figure was better than analysts had predicted and Carlsberg's shares rose on the news.
Sales in Carlsberg's key region of Russia fell by 12% after the government tripled the tax on beer.
The fall was partly offset by improving sales in Western Europe and Asia where volumes grew 3% and 16% respectively.
Carlsberg says that it is still aiming for 20% net profit growth in 2010 and it anticipates "outperforming the market".
This article was easy and I understood it from the first listening. All the words was familiar and the volume of information was not very big.
Rusal returns to quarterly profit
Today I have listened an interesting podcast about The world's biggest aluminium producer, Rusal, has reported a net profit of $247m (£169m) for the first three months of 2010.
From it I found out that the first Russian company to list in Hong Kong posted a quarterly loss of $638m a year ago, but managed to get a $821m net profit in 2009.
Rusal said it returned to quarterly profit thanks to cost-cutting and higher aluminium prices.
The firm sees the global demand for the metal remaining strong this year.
Also Rusal said its revenue rose by 31% to $2.3bn compared with the first quarter of 2009.
"Rusal plans to continue its sustainable development by introducing new, efficient aluminium and energy production capacities, reducing operating costs, diminishing our debt and further expanding our presence in Asia, the most promising market for aluminium," the firm's chief executive, billionaire Oleg Deripaska, said in a statement.
Oleg Mukhamedshin, Rusal deputy chief executive, said: "We believe China's aluminium demand can grow nearly 20% this year."
Last year, Rusal's revenue almost halved to $8.2bn, as the company called 2009 "one of the toughest" years on record for the industry.
Shares in Rusal rose by almost 1% on Friday, but remain a quarter below their January listing price.
This information seemed to me interesting and I listened it several times to undestand it clearly.
From it I found out that the first Russian company to list in Hong Kong posted a quarterly loss of $638m a year ago, but managed to get a $821m net profit in 2009.
Rusal said it returned to quarterly profit thanks to cost-cutting and higher aluminium prices.
The firm sees the global demand for the metal remaining strong this year.
Also Rusal said its revenue rose by 31% to $2.3bn compared with the first quarter of 2009.
"Rusal plans to continue its sustainable development by introducing new, efficient aluminium and energy production capacities, reducing operating costs, diminishing our debt and further expanding our presence in Asia, the most promising market for aluminium," the firm's chief executive, billionaire Oleg Deripaska, said in a statement.
Oleg Mukhamedshin, Rusal deputy chief executive, said: "We believe China's aluminium demand can grow nearly 20% this year."
Last year, Rusal's revenue almost halved to $8.2bn, as the company called 2009 "one of the toughest" years on record for the industry.
Shares in Rusal rose by almost 1% on Friday, but remain a quarter below their January listing price.
This information seemed to me interesting and I listened it several times to undestand it clearly.
суббота, 24 апреля 2010 г.
Volcanic ash cloud: The economic impact
Today I listened a podcast about the volcano that began active recently.
The cloud of volcanic ash drifting across Europe is continuing to make much of the continent a no-fly zone this week.
It is still unclear how long that disruption will last, but the longer flights are grounded, the greater the impact will be on businesses and the wider economy.
The most direct casualty of the ash is the airline industry.
The International Air Transport Association (IATA) estimates that airlines are collectively losing £130m per day in lost revenues.
If the disruption persists for several weeks, total losses could run into billions, having a catastrophic effect on an industry already set to lose £1.4bn this year.
Travel companies are also losing out. TUI, the owner of First Choice and Thomson and Europe's biggest travel operator, says it is losing between £5m and £6m a day.
The Prime Minister Gordon Brown admitted the problem was so serious that financial help for airlines would be considered.
Other transport companies are benefiting as passengers look for alternatives to flying.
The impact on the tourism industry is expected to be relatively small, if the disruption lasts no longer than a few days.
As Howard Archer, chief UK and Europe Economist at IHS Global Insight, points out, it is currently not a peak time for tourism in Europe.
Although the tourism industry will lose money from customers unable to make the trip, stranded passengers unable to return home will also be forced to spend more money than expected - offsetting some of those losses.
Prolonged disruption could have a much greater impact on tourism, however, especially in the run-up to the busier summer months.
That would also be bad timing for Greece in particular, as its struggling economy is heavily reliant on tourists arriving by air.
Business Daily finds out how a grounded chief executive Pedro Beitra, got from Madrid to London - with a lot of good humour - and some Spanish smoked meat.
Also, a look at how governments should weigh risks when it's safety versus profits.
Plus David Goldblatt reflects on the craze for golf in Beijing - and on what it costs to tee off.
The theme of that podcast interested me very much and thought it was difficult for me for the first time I listened it again and again to understand it clearly.
The cloud of volcanic ash drifting across Europe is continuing to make much of the continent a no-fly zone this week.
It is still unclear how long that disruption will last, but the longer flights are grounded, the greater the impact will be on businesses and the wider economy.
The most direct casualty of the ash is the airline industry.
The International Air Transport Association (IATA) estimates that airlines are collectively losing £130m per day in lost revenues.
If the disruption persists for several weeks, total losses could run into billions, having a catastrophic effect on an industry already set to lose £1.4bn this year.
Travel companies are also losing out. TUI, the owner of First Choice and Thomson and Europe's biggest travel operator, says it is losing between £5m and £6m a day.
The Prime Minister Gordon Brown admitted the problem was so serious that financial help for airlines would be considered.
Other transport companies are benefiting as passengers look for alternatives to flying.
The impact on the tourism industry is expected to be relatively small, if the disruption lasts no longer than a few days.
As Howard Archer, chief UK and Europe Economist at IHS Global Insight, points out, it is currently not a peak time for tourism in Europe.
Although the tourism industry will lose money from customers unable to make the trip, stranded passengers unable to return home will also be forced to spend more money than expected - offsetting some of those losses.
Prolonged disruption could have a much greater impact on tourism, however, especially in the run-up to the busier summer months.
That would also be bad timing for Greece in particular, as its struggling economy is heavily reliant on tourists arriving by air.
Business Daily finds out how a grounded chief executive Pedro Beitra, got from Madrid to London - with a lot of good humour - and some Spanish smoked meat.
Also, a look at how governments should weigh risks when it's safety versus profits.
Plus David Goldblatt reflects on the craze for golf in Beijing - and on what it costs to tee off.
The theme of that podcast interested me very much and thought it was difficult for me for the first time I listened it again and again to understand it clearly.
понедельник, 29 марта 2010 г.
This podcast is about China and what happened in it. The title is "Is China exporting its unemployment?"
From it I found out that There's a head of steam building in Washington over China's exchange-rate policy.
The allegation is that the government in Beijing is manipulating the rate to keep the value of the currency too low. This boosts its exports and keeps Chinese unemployment lower, so making everybody else's higher. It's something the Chinese deny
Steve Evans talked to C. Fred Bergsten, director of the Peterson Institute for International Economics, and Phil Levy, now of the American Enterprise Institute and formally on the council of the President's Economic Advisors and Yale University.
This information seemed to me complicated. Some words were new for me that's why I listened it for several times, stop podcast where I didn't know words and looked them up in the dictionary. All in all I am pleased with my result.
As I couldn't find the news about Russia, I listened the podcast about Somali pirates.It is called "Somali pirates widen their operations".That information seemed to me interesting.
I found out that Piracy has been a major problem in the seas of Somalia, growing each year over the past decade. Small boats came out and seized passing cargo vessels and held them to ransom.
A huge multinational naval force was in place in those waters in an attempt to stop the piracy, but now it seemed the pirates have widened their area of attacks - venturing much farther into the Indian Ocean.
A Turkish ship sailing more than 1500km off the Somali coast has been hijacked.
The area was nearer to India than Somalia, and hugely widens the area of risk, with costly implications for shipping insurance.
Roger Hearing talked to Captain Pottengal Mukandan, director of the International Maritime Bureau, and Marc Levinson, a shipping expert at the US Council on Foreign Relations, on what this latest attack would mean for both global shipoing and regional economies.
The text of postcard wasn't very difficult. I understood the information from the first time but to understand it more clearly and in all details I listened it twice. Different noises and extra words disturbed me but all in all I cope with the task.
I found out that Piracy has been a major problem in the seas of Somalia, growing each year over the past decade. Small boats came out and seized passing cargo vessels and held them to ransom.
A huge multinational naval force was in place in those waters in an attempt to stop the piracy, but now it seemed the pirates have widened their area of attacks - venturing much farther into the Indian Ocean.
A Turkish ship sailing more than 1500km off the Somali coast has been hijacked.
The area was nearer to India than Somalia, and hugely widens the area of risk, with costly implications for shipping insurance.
Roger Hearing talked to Captain Pottengal Mukandan, director of the International Maritime Bureau, and Marc Levinson, a shipping expert at the US Council on Foreign Relations, on what this latest attack would mean for both global shipoing and regional economies.
The text of postcard wasn't very difficult. I understood the information from the first time but to understand it more clearly and in all details I listened it twice. Different noises and extra words disturbed me but all in all I cope with the task.
понедельник, 15 марта 2010 г.
Future Winter Olimpic Games in Sochi.
I have listened the information about future Olympic Games which will be hold in Sochi. Nowadays Sochi doesn't have an ice stadium because winter games are not so popular there. The town of Sochi is a traditional summer resort but four years from now Sochi will have to show a different face to the whole world. Instead of long beaches and burning sun visitors will look for snow and ice. But climate is not the biggest problem.
Today you'll hear the sound of construction almost everywhere because there are no hotels, railways or even water supply. Russian says will spend more than 70 billion dollars to make Sochi feat to the winter Olympic Games. No country have never spent so much money on a Winter Games in recent history. Sochi will turn into a modern skiing resort.
The workers built 24 hours a day. Sergey Maxnev is the head of the construction said that he had never worked in such a hurry.
To find space for the Olympic park hundreds of houses will destroy, people who has own private hotels and beaches will lose their business.
But officials says it is a change for the better. There is no question - these four years will be difficult for Sochi.
As to information that I've listened it seemed easy to me thoght there were some unknown words. But I coped with them looking in the dictionary and understood the podcast clearly.
http://www.bbc.co.uk/worldservice/business/2010/03/100302_sochi_olympics.shtml
Today you'll hear the sound of construction almost everywhere because there are no hotels, railways or even water supply. Russian says will spend more than 70 billion dollars to make Sochi feat to the winter Olympic Games. No country have never spent so much money on a Winter Games in recent history. Sochi will turn into a modern skiing resort.
The workers built 24 hours a day. Sergey Maxnev is the head of the construction said that he had never worked in such a hurry.
To find space for the Olympic park hundreds of houses will destroy, people who has own private hotels and beaches will lose their business.
But officials says it is a change for the better. There is no question - these four years will be difficult for Sochi.
As to information that I've listened it seemed easy to me thoght there were some unknown words. But I coped with them looking in the dictionary and understood the podcast clearly.
http://www.bbc.co.uk/worldservice/business/2010/03/100302_sochi_olympics.shtml
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