(Reuters) - Wall Street fell for a third straight day on Monday, tracking global stocks, in the backdrop of growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2018. REUTERS/Brendan McDermid Beijing announced a steep cut in the level of cash that banks must hold as reserves, aimed at lowering financing costs and spurring growth amid the trade spat. Still, China stocks slid and weighed on global markets as well. “There are concerns about the Chinese economy and the impact of trade,” said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. “As we head into earnings season, investors will be looking at the rest of the world to gauge the real impact of tariffs.” On Wall Street, fears of slowing growth manifested in a drop in high-flying stocks that have led the market rally, … [Read more...] about Wall St. mirrors global markets slump on China growth fears, high…
Tapping into global markets
0 Have your say A brother and sister with a background in crofting have set up a craft distillery as they look to tap into the success of Scotland’s North Coast 500 route. Iain and Jacqueline Black, along with their partners Eilidh and Stephen, have launched Ice and Fire Distillery with support from Business Gateway in Caithness. The gin and rum have proven a hit with locals and are now being stocked in hotels and shops in the region with plans to expand into global markets in the pipeline.As well as aspirations to start making vodka next summer, a third sibling, Elizabeth, is now experimenting using the Ice and Fire produce to whip up a range of flavoured chocolates, marmalades and fudge.Jacqueline said: “Ice and Fire was launched as a result of Iain being diagnosed with neuro endocrine tumours around Christmas 2016. A year later, we made a decision as a family to launch a new venture that would fit around Iain’s needs rather than the other way … [Read more...] about Family affair as distillery taps into NC500
0 Have your say A £56 million innovation centre that promises to revolutionise how medicines are manufactured and which has the backing of two industry giants is to be located in Renfrewshire. The Medicines Manufacturing Innovation Centre (MMIC), which is being supported by both GSK and AstraZeneca, alongside Scottish Enterprise (SE) and Innovate UK, aims to create 80 jobs by 2023, with a further 90 created or retained during design and construction.The facility will offer pharma companies, from start-ups to multinationals, the capability to develop and adopt new manufacturing techniques. By transforming processes and technologies, the speed of bringing new drugs to market could improve “drastically”, its backers believe.The new centre will be positioned next to the £65m National Manufacturing Institute for Scotland (NMIS) at Inchinnan.However, the leader of North Ayrshire Council criticised the process that saw Irvine rejected as host of the MMIC, … [Read more...] about Drugs innovation centre looks to tap into £100bn global market
This week, Business Planet travelled to Madeira to discuss export development. Only a few small businesses in Europe export their products or services beyond the EU. But studies show that international SMEs create more jobs and are more innovative than SMEs which only sell in their home country. “We did some market research and we saw that there was room for the production and trade of an exceptional Madeira wine. We placed a subtle emphasis on the women of Madeira in order to attract a young and female audience.” José António De Coito PitaPresident, Funchal Agricultural Cooperative. How can SMEs conquer new international markets Only a few small businesses in Europe export their products or services beyond the EU. But studies show that international SMEs create more jobs and are more innovative than SMEs which only sell in their home country. For a wine company based in Madeira, going international is a crucial part of its business. Madeira Vintners are an … [Read more...] about Going global: what do SMEs need to do to tap into international markets?
According to recent research, increased connectivity and strong international demand for Aussie products has fuelled a new breed of local small and medium enterprises (SMEs) who are operating globally while remaining in their local office – going Glocal. To help encourage burgeoning SME’s to go Glocal, nbn launched new initiatives to help businesses tap into global markets through a series of free webinars, and with the winners receiving one-on-one mentoring with Chinese business expansion experts. To find out more about nbn for business, please visit www.nbnco.com.au/connect-business today. As Chinese demand for Australian products shows no signs of slowing, small Australian businesses are looking at how they can better tap into this huge international market. But there are a number of key factors that determine whether a small business is capable of making the jump from local to global. One of the most important issues is connectivity and the ability to service … [Read more...] about 3 Australian small business owners share how they tapped into China’s huge online shopping market