Category Archives: Region

Asia Stocks, Won Jump on Central Bank’s Move

While countries across the world are grappling to combat the constraints triggered by the long running debt crisis in Europe, central bank’s intervention has certainly given the much needed boost to global market.

If reports are to be referred to, it has been seen that the MSCI Asia Pacific Index went up by 3.5% MSCI Asia Pacific Index, while the Standard & Poor’s 500 Index futures moved up by 0.2%. It was also told that South Korea’s won was seen moving up by 1.8% and the Dollar Index nosedived by 0.2%.

Market observers are of the view that this jump was all due to the steps taken by six central banks. It has been told that Federal Reserve has reduced the cost at which dollar is being given to others through swap agreements. This step would allow purchase of dollar easy for other countries. Even the People’s Bank of China has trim down the reserve requirements after 2008.

With such steps being taken, there is common belief that global monetary policy is making a transition towards good but how long it will take to negate the problem of debt crisis is yet not known.

There was rise of 2.8% in Commonwealth Bank of Australia (CBA), and 14% in Evergrande Real Estate Group Ltd in Hong Kong. There has been Beige Book survey which has revealed that the economy has done well in recent times and that due to significant performance in manufacturing and consumer sector. This survey also made it clear that despite all the lingering fears about US recession, there are fair chances that Us economy would be able to seam through all challenges, however, unemployment rate would remain a concerning point for one and all.

It has been confirmed that the US Federal Reserve, the European Central Bank, and the central banks of the UK, Canada, Japan and Switzerland would take some concrete decision on 5 December.

Motorola Launches Flagship Model Razr in New Avatar

Motorola is back in business with the launch of the new version of its blockbuster smartphone, dubbed Razr. As per reports, the new Razr is more powerful and sleeker than its predecessor.

In addition, it will showcase Android 2.3 (Gingerbread), a 4.3-inch super AMOLED display, anti-scratch screen made of Corning Gorilla Glass, 1 GB of RAM and of course, a powerful dual-core 1.2GHz processor.

For the most demanding camera users, Motorola has armed Razr with a front-facing video camera supporting 720p HD video recording and an 8-megapixel rear-facing camera is also there to entice users.

Pegged at a handsome price of Rs 35,990, Motorola Razr will certainly mark its dominance in the smartphone market. However, various online stores, such as the best buy, are offering Motorola for just Rs. Rs 33,990.

While expressing the company’s expectations regarding the latest version of Motorola Razr, the business country head for sales and operations (South West Asia and India), Rajan Chawla said: “One of the best-selling mobile phones of all time, the original Motorola Razr redefined what a mobile phone was as people worldwide proudly flaunted their fashion items”.

The handset is preloaded with the MotoCast app from Motorola, which will permit is users to download content directly from PC and will also provide seamless connectivity.

The new Razr smartphone from Motorola highlights an immensely sexy back in a ritzy and breathtakingly sleek body. The company is full of hopes and is expecting that technology-savvy and style-conscious users in India will get enthusiastic about getting their hands on this latest fashion symbol from Motorola.

The Razr series was first released in 2004 and it enticed fair amount of eyeballs and success all over the world. As per reports, Motorola sold in excess of 130 million units of Razr.