China and India, Internet centres

China is yet again trying to woo global internet lovers to invest in more techonology, as it launches its very own version of You Tube, claimed to be better and innovative than the former, called Youku.com. The company, Youku.com Inc which came up with this virtual product, predict the world is shifting and foreign companies will invest in China's innovation. According to a technology consultant, Duncan Clark, chairman of BDA China in Beijing, : "The Internet’s center of gravity is shifting toward China. China has almost double the number of U.S. Internet subscribers. That concentration matters.”

China with its strict censorship rules, has kept away gaints like Google, Skype,Msn and Yahoo, giving chinese local companies the opportunity to come up with their own products like QQ.

Now India is not far behind, with its own Ibibo.com and many more such sites catering to Indian internet users. There are many companies in India who are also developing applications like Android and Iphone for Foreign companies, which is a plus point when the US is still struggling with recession blues. China and India are where Japan was some years back, a bloom in technology. Way to go !!!

Markets are nothing but a James Bond movie

It is evident that financial markets are unstable and lack liquidity. No matter how hard the Federal Reserve tries to pump in cash in the banking sector, the U.S. dollar seems to be seeing a downward turn. When after a long drop dollar does go up for a single day investors rejoice thinking 'tomorrow never comes'. It certianly looks like a bond movie to me, James Bond- Reserve Bank trying to save the banking sector and the investors - the heroine, and the slowing economy (credit losses) - villian. The only problem in the real situation is that the rescue process may take as long as a year, that is if the markets recover on consumer confidence.Comments are welcome on what others think about this.

Indices rise on Fed. cut news

Markets in the U.S., Europe and Asia rose yesterday,18th March 2008, after news was going round that the Federal Reserve will cut the interest rates further on direct loans offered to banks. The markets witnessed a very good trading day showing an increase between 3 percent to 4 percent in the markets overall, showing some amount of confidence generated among the investors. Apart from this there were still concerns among investors that the credit loss crisis faced by banks is going to widen even more, discouraging people from taking home loans. The Manufacturing also slowed down a lot, effecting the industry and it's earnings. At one end the Federal Reserve is figthing hard to retain investor confidence by cutting interest rates and on the other end investors are loosing hope of any recovery in the credit loss situation, creating more liquidity problems in the market, which is lowering the dollar rate against the Euro, the Pound and the Yen, putting the pressure back on the Federal Reserve to come up with a concrete, effective and a permanent solution to the economic slowdown. It is very likely that the Federal Reserve may not be able to bail out all the banks during this year, it is very likely that this situation is going to continue in the next year also.