Cost of capital brings competitive advantage. And cost of capital is related to trust, or risk. India has a current account deficit — it is importing more than it exports — so it needs to borrow money to fund the imports.
Daily archives: October 14, 2011
Google continues to grow
Google’s shares rose six percent on third quarter results that showed net income up 26%. The number of paid clicks grew 28%, and the number of employees grew by almost 2,600 (9%) in the past three months. At an annualised rate of 36%, this fast growth in costs is worrying analysts. But revenues jumped 37%, …
Gap to close stores in US, open in China
GAP has announced that it will close 21% of its 889 US stores over the next two years, and triple its number of outlets in China by the end of 2012.
Global fears and fortunes truly linked
Even China’s strong internal growth can only partially compensate for the negative impact of the West’s economic and debt crises. In the 12 months to September, exports grew by ‘only’ 17% (down from 25% in the year to August). In the same period, imports grew by ‘just’ 21% (compared with 30% in the year to …